SiTime (NASDAQ:SITM) Announces Quarterly Earnings Results

SiTime (NASDAQ:SITM) posted its quarterly earnings results on Wednesday. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39, FiscalAI reports. The company had revenue of $157.43 million for the quarter, compared to analyst estimates of $146.46 million. SiTime had a positive return on equity of 0.53% and a negative net margin of 6.38%.SiTime’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. 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

Shares of NASDAQ:SITM traded down $39.94 on Wednesday, hitting $543.12. 661,817 shares of the company’s stock were exchanged, compared to its average volume of 423,840. SiTime has a 1-year low of $187.56 and a 1-year high of $901.81. The company has a market capitalization of $14.34 billion, a PE ratio of -537.74 and a beta of 2.94. The firm’s 50-day moving average is $637.07 and its 200 day moving average is $525.29.

Wall Street Analyst Weigh In

SITM has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on shares of SiTime from $450.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Stifel Nicolaus increased their price objective on shares of SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, UBS Group raised their price objective on shares of SiTime from $675.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $661.88.

Insider Buying and Selling 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 completion of the transaction, the director owned 19,898 shares in the company, valued at approximately $14,473,407.24. This represents a 9.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Torsten Kreindl sold 710 shares of SiTime stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $720.00, for a total transaction of $511,200.00. Following the sale, the director owned 13,141 shares in the company, valued at $9,461,520. This represents a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 69,709 shares of company stock worth $50,230,546. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of SiTime

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of SiTime by 1.8% in the 3rd quarter. Invesco Ltd. now owns 1,037,305 shares of the company’s stock valued at $312,550,000 after purchasing an additional 18,165 shares during the period. State Street Corp lifted its stake in SiTime by 3.7% in the second quarter. State Street Corp now owns 911,280 shares of the company’s stock valued at $194,176,000 after buying an additional 32,178 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in SiTime by 22.0% in the second quarter. Ameriprise Financial Inc. now owns 736,281 shares of the company’s stock valued at $156,887,000 after buying an additional 132,948 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of SiTime by 45.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 698,539 shares of the company’s stock valued at $246,717,000 after acquiring an additional 218,038 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of SiTime by 61.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 562,892 shares of the company’s stock valued at $198,808,000 after acquiring an additional 213,242 shares during the period. Institutional investors and hedge funds 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.