SiTime Corporation Earnings Recaps
Q2 2026
Aug 7, 2026
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.
Key takeaways
- 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.
Q1 2026
May 8, 2026
SiTime's stock soared 33.6% following a Q1 report that beat expectations across key financial metrics, driven by exceptionally strong demand in AI infrastructure and telecom segments. Investors rewarded the company’s robust top-line growth, improving margins, and an optimistic outlook on long-term secular tailwinds in precision timing.
Key takeaways
- Revenue grew 88% year-over-year to $113.6 million, fueled primarily by the CED business unit, which expanded 158% year-over-year.
- Gross margin improved 7.1 points to 64.5%, approaching the company’s 65% target for Q2, highlighting ongoing operational leverage.
- Operating margin rose to 28%, nearing management’s long-term 30% target.
- Earnings per share surged to $1.44, more than five times last year’s $0.26.
- Sustained demand is anchored by AI infrastructure (notably inference workloads requiring 2-4x timing content), increased data center networking bandwidth, and a growing $4 billion total addressable market across AI, autonomy, and communications.