Sitime Stock Earnings Reports

SiTime reported a very strong Q1 2026: revenue $113.6M, up 88% year-over-year; non-GAAP EPS $1.44 (5x Y/Y); gross margin 64.5% and operating margin 28%. Growth was broad-based but led by Communications, Enterprise & Data Center (CED), which grew 158% Y/Y and marked the eighth consecutive quarter of triple-digit growth. Management attributes the acceleration to AI inference infrastructure (higher timing content per system and rising ASPs), increased data-center networking bandwidth (including adoption of 1.6T optical modules), and stronger penetration across customers and product classes (Elite 2 Super TCXO, clocks, Titan resonators). Aerospace & defense, and automotive/industrial also showed strong momentum, with a sizable aerospace/defense funnel and a pathway to $100M in that segment. The announced Renesas timing acquisition remains on track and is expected to be complementary; integration and cost expectations are in line with prior guidance. Supply-chain position is described as solid (MEMS from Bosch, analog from TSMC) with manageable back-end OSAT execution. Cash and short-term investments total $789M; inventories $91.1M; receivables $55M (DSO 44). Outlook: SiTime raised its full-year revenue growth expectation to at least 80% (not including Renesas) and guided Q2 revenue $140–150M (+100% Y/Y+), gross margin ~65% (±1 point), OpEx $46–47M, and non-GAAP EPS $1.85–2.00. Management expects to sustain high gross and operating margins (targeting 65% gross and 30% operating margins) and will continue disciplined investment in R&D and go-to-market. Key investor takeaways: strong AI-driven demand (unit growth + ASP expansion), durable margin expansion driven by product mix and manufacturing gains, sizable liquidity, and an upgraded growth outlook; risks include integration execution for Renesas, typical OSAT/back-end execution challenges, and the usual macro/industry uncertainties.