SITM earnings analysis
What we found in SITM's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Revenue surged 88% YoY to $113.6M, up from $60.3M in Q1 2025.
- EPS Beat
- Reported EPS of $1.44 exceeded the estimate of $0.97, for a surprise of 48.5%.
- Improved Gross Margin
- Gross margin improved to 59.0%, up from 50.3% YoY, driven by higher sales volume.
- Increased Cash Position
- Cash and cash equivalents rose significantly to $498.5M from $16.8M at year-end 2025.
- Rising Interest Income
- Interest income increased by 70% to $7.3M due to a higher investment balance.
- Record Operating Cash Flow
- Operating cash flow increased to $31.2M from $15.0M in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Operating Expenses
- Total operating expenses increased 36% to $79.3M, due to higher R&D and acquisition costs.
- Acquisition-Related Costs
- Acquisition costs surged 388% to $7.6M, reflecting significant one-time expenses.
- Dependence on Key Customers
- Top three customers accounted for 66% of revenue, indicating risk if demand fluctuates.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.44
- Gross margin
- 59.0%
What they said about what is next.
Management expects continued growth but faces uncertainties from macroeconomic conditions.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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