Quarterly ResultAug 5, 2026, 04:14 PM
SiTime Q2 Revenue $157.4M, EPS $0.66; Non-GAAP EPS $2.34
AI Summary
SiTime Corporation announced strong financial results for the second quarter ended June 30, 2026, with net revenue increasing 127% year-over-year to $157.4 million. The company reported GAAP diluted EPS of $0.66 and non-GAAP diluted EPS of $2.34. SiTime also completed the acquisition of Renesas' Timing Business on July 1, 2026, adding over 550 clocking products to its portfolio, and granted inducement RSUs to new employees, including those from the acquisition.
Key Highlights
- Net revenue in Q2 2026 was $157.4 million, a 127% increase year-over-year.
- GAAP net income for Q2 2026 was $18.2 million, or $0.66 per diluted share.
- Non-GAAP net income for Q2 2026 was $65.6 million, or $2.34 per diluted share.
- GAAP gross profit was $99.1 million (63.0% of revenue); non-GAAP gross profit was $105.6 million (67.1% of revenue).
- Total cash, cash equivalents, and short-term investments were $1,921 million as of June 30, 2026.
- Completed the acquisition of Renesas' Timing Business on July 1, 2026.
- Granted 109,689 RSUs to 168 newly hired individuals, including 126 from the acquisition.
Price Impact
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