| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 113.57 | 88.3% |
| Total Income | 113.57 | 88.3% |
| Expenditure | 125.91 | 42.4% |
| PBT | -5.20 | 78.2% |
| Net Profit | -5.22 | 78.1% |
| OPM | -10.87% | 35.74pp |
| NPM | -4.59% | 34.99pp |
| EPS | -0.20 | 80.2% |
SiTime Reports Q1 2026 Revenue Increased 88% to $113.6 Million
07 May 2026 · 7 May, 1:50 am
Summary
SiTime Corporation announced its financial results for the first quarter ended March 31, 2026. Net revenue for Q1 2026 was $113.6 million, representing an 88.3% increase compared to the same quarter last year. GAAP gross profit was $67.0 million, or 59.0% of revenue, while non-GAAP gross profit was $73.3 million, or 64.5% of revenue. The company reported a GAAP net loss of $5.2 million, or $0.20 per diluted share, and a non-GAAP net income of $38.9 million, or $1.44 per diluted share.
Key Highlights
- 1
Net revenue in the first quarter of 2026 was $113.6 million, an increase of 88.3% from $60.3 million in the year ago quarter.
- 2
GAAP gross profit was $67.0 million, or 59.0% of revenue, in the first quarter of 2026.
- 3
Non-GAAP gross profit was $73.3 million, or 64.5% of revenue, in the first quarter of 2026.
- 4
GAAP net loss was $5.2 million, or $0.20 per diluted share, in the first quarter of 2026.
- 5
Non-GAAP net income was $38.9 million, or $1.44 per diluted share, in the first quarter of 2026.
- 6
Total cash, cash equivalents and short-term investments were $788.7 million on March 31, 2026.
Management Comments
Rajesh Vashist
Our strong start to 2026, with revenue growing 88 percent year over year, reflects the scale and momentum of the Precision Timing category we created. As AI infrastructure and high-performance systems grow, precision timing is becoming a system-level requirement. Here, our differentiated platforms are driving higher ASPs and margins, along with deeper customer engagement. I believe that we are executing from a position of strength for the next phase of SiTime’s growth and am excited about the opportunities ahead.
Informational and educational content only. Not investment advice.