Lattice Semiconductor Corporation (LSCC)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	214,856	222,164	210,994	203,602	182,157	158,581	138,105	118,720	101,455	88,738	74,451	59,658	48,456	46,116	48,769	46,034	45,065	24,245	16,647	-10,972
Revenue (ttm)	US$ in thousands	739,750	742,381	720,500	701,474	666,971	633,429	593,440	547,401	512,592	477,839	448,836	423,177	404,418	398,270	397,467	394,481	391,430	387,170	387,207	393,364
Pretax margin		29.04%	29.93%	29.28%	29.02%	27.31%	25.04%	23.27%	21.69%	19.79%	18.57%	16.59%	14.10%	11.98%	11.58%	12.27%	11.67%	11.51%	6.26%	4.30%	-2.79%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $214,856K ÷ $739,750K
= 29.04%

The pretax margin of Lattice Semiconductor Corporation has shown a consistent improvement over the past five quarters, increasing from 27.31% in December 2022 to 29.04% in December 2023. This upward trend indicates that the company has been effectively managing its operating expenses relative to its revenues, resulting in higher profitability before accounting for taxes.

The pretax margin peaked at 29.93% in September 2023, showcasing a strong performance during that period. However, it slightly decreased to 29.28% in June 2023 before stabilizing at 29.02% in March 2023. Despite this slight fluctuation, the overall trend remains positive.

Comparing the most recent data with historical figures, the pretax margin has significantly improved from negative figures recorded in 2019 and early 2020, demonstrating the company's efforts to enhance operational efficiency and financial performance.

Overall, Lattice Semiconductor Corporation's pretax margin reflects a positive trajectory, indicating effective cost management and operational performance, resulting in improved profitability levels.