SiTime’s stock surged nearly 18% on exceptionally strong second-quarter results driven by robust revenue growth, expanding margins, and significant outperformance in its communications, enterprise, and data center segment.
- Revenue soared 127% year over year to $157 million, reflecting broad-based demand across all business units and regions.
- Gross margin expanded 8.9 percentage points to 67.1%, with operating margin improving sharply to 34% from 10% a year ago.
- Net income rose 400% to $65.7 million, or $2.34 per diluted share, underscoring significant profitability gains.
- Communications, enterprise, and data center (CED) business grew 181% and surpassed $100 million in quarterly revenue, marking the ninth consecutive quarter of triple-digit growth.
- Strong indicators of future demand include increased book-to-bill ratio, larger order sizes, advanced product mix driving higher ASPs, and order visibility now extending 12 to 18 months into 2027.
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