Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $103 | $408 | $660 | $737 | $509 |
| Gross Profit | $62 | $245 | $452 | $515 | $340 |
| Operating Income | N/A | $52 | $187 | $212 | $34 |
| Net Income | $13 | $47 | $179 | $259 | $61 |
Over the five-year period, Lattice Semiconductor Corp’s revenue and profitability metrics showed marked volatility. The company experienced strong growth from 2020 to 2023. In 2020, revenue stood at USD 103 million, then surged to USD 408 million in 2021—a near 300% increase. Growth continued in 2022 and 2023 with revenues rising to USD 660 million and USD 737 million, respectively. Gross profit followed a similar pattern, growing from USD 62 million in 2020 to USD 245 million in 2021, reaching USD 452 million in 2022 and USD 515 million in 2023. Additionally, operating income, which was negligible in 2020, climbed to USD 52 million in 2021, further accelerated to USD 187 million in 2022 and USD 212 million in 2023, while net income surged from USD 13 million in 2020 to USD 47 million in 2021 and then to USD 179 million and USD 259 million in 2022 and 2023 respectively. These trends suggest a period of rapid expansion and improved profitability, likely driven by increased demand in chip solutions, stronger market positioning, and effective operational scaling. However, the 2024 figures mark a significant reversal. Revenue declined to approximately USD 509 million—a drop of roughly 31% from 2023—while gross profit and net income decreased to USD 340 million and USD 61 million, respectively. Operating income fell sharply to USD 34 million from a high of USD 212 million in the previous year. Such swings (exceeding 20% year-over-year) indicate potential challenges such as market slowdown, competitive pressures, or shifts in product mix affecting margins. Overall, while the earlier period reflects robust growth and operational efficiency, the 2024 downturn raises concerns regarding near-term sustainability. Continued monitoring of industry trends and internal cost management will be key to assessing whether these declines are temporary or indicative of a longer-term structural shift in Lattice Semiconductor’s business dynamics.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.