SiTime (NASDAQ:SITM) Announces Quarterly Earnings Results

SiTime (NASDAQ:SITM) announced its quarterly earnings data on Wednesday. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.39, FiscalAI reports. SiTime had a positive return on equity of 0.53% and a negative net margin of 6.38%.The business had revenue of $157.43 million during the quarter, compared to analyst estimates of $146.46 million. During the same period in the prior year, the company earned $0.47 earnings per share. SiTime’s revenue was up 126.5% compared to the same quarter last year. SiTime updated its Q3 2026 guidance to 3.500-3.650 EPS.

Here are the key takeaways from SiTime’s conference call:

• Exceptional Q2 results: Revenue rose 127% year over year to $157.4 million, while gross margin expanded to 67.1%, operating margin reached 34%, and non-GAAP EPS increased 400% to $2.34.
• AI-driven data-center demand remained the primary growth engine. Communications, enterprise, and data-center revenue increased 181% to $101.2 million, supported by 800G/1.6T optical modules, greater synchronization needs, and expanding AI infrastructure beyond traditional hyperscalers.
• Renesas’ timing-business acquisition closed July 1 and is expected to contribute approximately $85 million of Q3 revenue; management said TPD is tracking ahead of its initial $300 million 12-month revenue expectation and accelerates SiTime’s path toward $1 billion in revenue.
• Integration and supply-chain execution remain risks. SiTime is relying on Renesas transition-service agreements for manufacturing and testing during the next several quarters, while the Q3 outlook also reflects lower interest income after acquisition funding and higher operating expenses.
• Q3 guidance implies a sharp step-up in scale: Combined revenue is expected at $285 million–$295 million, gross margin at approximately 68% plus or minus one point, and non-GAAP EPS at $3.50–$3.65; management also reported strong backlog visibility extending into 2027.

SiTime Stock Performance

SiTime stock traded down $39.94 during midday trading on Wednesday, reaching $543.12. 661,817 shares of the stock were exchanged, compared to its average volume of 423,840. The company’s fifty day moving average is $637.07 and its 200-day moving average is $525.29. The firm has a market cap of $14.34 billion, a PE ratio of -537.74 and a beta of 2.94. SiTime has a 52 week low of $187.56 and a 52 week high of $901.81.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group increased their price target on SiTime from $675.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. The Goldman Sachs Group restated a “buy” rating and issued a $800.00 price objective on shares of SiTime in a research note on Thursday, May 7th. Stifel Nicolaus upped their price objective on shares of SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Zacks Research lowered shares of SiTime from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SiTime in a research note on Friday, July 17th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $661.88.

Insider Transactions at SiTime

In other news, Director Raman Chitkara sold 2,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $727.38, for a total value of $1,454,760.00. Following the transaction, the director owned 19,898 shares of the company’s stock, valued at approximately $14,473,407.24. This represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Fariborz Assaderaghi sold 1,709 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $731.49, for a total value of $1,250,116.41. Following the transaction, the insider owned 81,436 shares of the company’s stock, valued at approximately $59,569,619.64. The trade was a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 69,709 shares of company stock worth $50,230,546. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of SiTime

A number of large investors have recently modified their holdings of the business. Invesco Ltd. increased its position in shares of SiTime by 1.8% in the third quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock worth $312,550,000 after purchasing an additional 18,165 shares during the last quarter. State Street Corp lifted its position in SiTime by 3.7% during the second quarter. State Street Corp now owns 911,280 shares of the company’s stock valued at $194,176,000 after purchasing an additional 32,178 shares during the last quarter. Ameriprise Financial Inc. grew its stake in SiTime by 22.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock worth $156,887,000 after buying an additional 132,948 shares in the last quarter. Whale Rock Capital Management LLC grew its stake in SiTime by 45.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock worth $246,717,000 after buying an additional 218,038 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of SiTime by 61.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock worth $198,808,000 after buying an additional 213,242 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.

About SiTime

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.