Quarterly ResultAug 6, 2026, 06:03 AM
SiTime Q2 Revenue Jumps 126% to $157.4M; Swings to $18.2M Profit
AI Summary
SiTime reported strong financial results for Q2 2026, with revenue increasing by 126.5% to $157.4 million and a swing to a net income of $18.2 million from a loss in the prior year. Diluted EPS also turned positive at $0.66. The company also issued $1.35 billion in convertible senior notes in May 2026 and completed the acquisition of Renesas' timing business for approximately $1.5 billion in cash and shares on July 1, 2026, significantly expanding its operations.
Key Highlights
- Q2 2026 Revenue: $157.4 million, up 126.5% from Q2 2025.
- Q2 2026 Net Income: $18.2 million, compared to $20.2 million net loss in Q2 2025.
- Q2 2026 Diluted EPS: $0.66, up from $(0.84) in Q2 2025.
- H1 2026 Revenue: $271.0 million, up 108.8% from H1 2025.
- H1 2026 Net Income: $12.9 million, compared to $44.1 million net loss in H1 2025.
- Issued $1.35 billion convertible senior notes in May 2026.
- Acquired Renesas' timing business for $1.5 billion cash and shares.
- Cash and cash equivalents: $1.92 billion as of June 30, 2026.
Price Impact
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