Quarterly ResultMay 6, 2026, 04:13 PM
SiTime Q1 Revenue $113.6M, +88.3%; Non-GAAP EPS $1.44
AI Summary
SiTime Corporation announced strong financial results for the first quarter ended March 31, 2026, with net revenue increasing 88.3% year-over-year to $113.6 million. The company reported a GAAP net loss of $5.2 million, or $0.20 per diluted share, but achieved a non-GAAP net income of $38.9 million, or $1.44 per diluted share. CEO Rajesh Vashist highlighted the scale and momentum of the Precision Timing category and opportunities in AI infrastructure. Additionally, SiTime granted 41,471 restricted stock units as inducement awards to 42 new hires.
Key Highlights
- Net revenue grew 88.3% year-over-year to $113.6 million in Q1 2026.
- GAAP gross profit was $67.0 million, representing 59.0% of revenue.
- GAAP net loss was $5.2 million, or $0.20 per diluted share.
- Non-GAAP gross profit was $73.3 million, representing 64.5% of revenue.
- Non-GAAP net income reached $38.9 million, or $1.44 per diluted share.
- Total cash, cash equivalents, and short-term investments were $788.7 million.
- Granted 41,471 RSUs to 42 newly hired individuals as inducement awards.