10-Q · May 9, 2024
SiTime reported revenue of $33.022M for the quarter ended March 31, 2024, down from $38.343M a year earlier, with gross profit of $17.661M and a net loss of $28.704M (EPS $(1.26)). Operating loss widened to $35.038M…
Earnings analysis · 10-Q
SITM earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
SiTime Corporation reported Q1 2026 earnings with a notable revenue increase of 88% year-over-year to $113.6 million, exceeding expectations. Despite this revenue growth, the company reported a diluted EPS of $1.44,…
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SiTime Corporation reported Q1 2026 earnings with a notable revenue increase of 88% year-over-year to $113.6 million, exceeding expectations. Despite this revenue growth, the company reported a diluted EPS of $1.44, reflecting operational challenges and acquisition-related costs contributing to high expenses, leading to an operating loss.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.44
- Gross margin
- 59.0%
What stood out
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Strong Revenue Growth
Revenue surged 88% YoY to $113.6M, up from $60.3M in Q1 2025.
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EPS Beat
Reported EPS of $1.44 exceeded the estimate of $0.97, for a surprise of 48.5%.
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Improved Gross Margin
Gross margin improved to 59.0%, up from 50.3% YoY, driven by higher sales volume.
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Increased Cash Position
Cash and cash equivalents rose significantly to $498.5M from $16.8M at year-end 2025.
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Rising Interest Income
Interest income increased by 70% to $7.3M due to a higher investment balance.
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Record Operating Cash Flow
Operating cash flow increased to $31.2M from $15.0M in Q1 2025.
What to watch
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High Operating Expenses
Total operating expenses increased 36% to $79.3M, due to higher R&D and acquisition costs.
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Acquisition-Related Costs
Acquisition costs surged 388% to $7.6M, reflecting significant one-time expenses.
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Dependence on Key Customers
Top three customers accounted for 66% of revenue, indicating risk if demand fluctuates.
Management's outlook
Management expects continued growth but faces uncertainties from macroeconomic conditions.
Earlier filings 4
10-Q · November 4, 2022
SiTime reported Q3 revenue of $73,095,000, up $10,066,000 (≈16.0%) from $63,029,000 a year ago, while quarter-level profitability compressed as operating income fell to $3,532,000 from $14,074,000 and diluted EPS…
10-Q · August 4, 2022
SiTime reported strong Q2 results with revenue of $79,418,000 (up from $44,496,000 a year ago) and significant margin expansion (gross margin ~66.4%), producing net income of $12,859,000 and diluted EPS of $0.57.…
10-Q · November 4, 2021
SiTime reported strong Q3 results with revenue of $63,029,000 (Three months ended September 30, 2021) vs $32,667,000 in Q3 2020, a ~93% increase, driving gross margin expansion to 66.19% and operating income of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.