Quarterly ResultAug 5, 2026, 04:22 PM
SiTime Q2 Revenue +127% to $157.4M; Non-GAAP EPS $2.34
AI Summary
SiTime Corporation reported strong financial results for the second quarter of 2026, with net revenue increasing 127% year-over-year to $157.4 million. The company achieved a non-GAAP net income of $65.6 million, or $2.34 per diluted share, and a non-GAAP gross margin of 67.1%. SiTime also announced the completion of its acquisition of Renesas' Timing Business on July 1, 2026, which significantly expanded its product portfolio with over 550 clocking products.
Key Highlights
- Q2 2026 Net Revenue: $157.4 million, up 127% year-over-year.
- Q2 2026 Non-GAAP Net Income: $65.6 million.
- Q2 2026 Non-GAAP Diluted EPS: $2.34.
- Q2 2026 Non-GAAP Gross Margin: 67.1%.
- Completed acquisition of Renesas' Timing Business on July 1, 2026.
- Acquisition added over 550 clocking products to the portfolio.
- Total cash, cash equivalents, and short-term investments: $1.921 billion as of June 30, 2026.
- Granted 109,689 RSUs to 168 newly hired individuals, including 126 from the acquisition.
Price Impact
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