Quarterly ResultMay 6, 2026, 04:20 PM
SiTime Q1 Revenue +88% to $113.6M; Non-GAAP EPS $1.44
AI Summary
SiTime Corporation announced strong financial results for the first quarter of 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 ($0.20 per diluted share) but achieved a non-GAAP net income of $38.9 million ($1.44 per diluted share). CEO Rajesh Vashist highlighted the significant momentum in the Precision Timing category, driven by growth in AI infrastructure and high-performance systems. Additionally, SiTime granted 41,471 restricted stock units to 42 new hires under its inducement award plan.
Key Highlights
- Net revenue increased 88.3% to $113.6 million in Q1 2026.
- Non-GAAP net income was $38.9 million, or $1.44 per diluted share.
- GAAP net loss was $5.2 million, or $0.20 per diluted share.
- Non-GAAP gross profit reached $73.3 million, or 64.5% of revenue.
- Total cash, cash equivalents, and short-term investments were $788.7 million.
- SiTime granted 41,471 RSUs to 42 newly hired individuals.
Price Impact
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