Corrected: SiTime Q2 revenue jumps 127% on CED segment growth

SiTime

05/08/2026 21:28

Corrects EPS figure from $0.69 to $0.66 in KD table

Overview
Precision timing chipmaker's Q2 revenue rose 127% yr/yr, beating analyst expectations
Adjusted EPS for Q2 was $2.34; net income turned positive yr/yr
 On July 1, company completed Renesas Timing Business acquisition, expanding product portfolio

Outlook
Company did not provide specific guidance in the press release

Result Drivers
SEGMENT GROWTH - Co said every segment grew by at least 50%, with CED segment up 181%
GROSS MARGIN IMPROVEMENT - Co reported non-GAAP gross margin of 67.1%, up from 58.2% a year ago

Company press release: ID:nGNX7pLWDp

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$157.43 mln
$146.38 mln (8 Analysts)
Q2 EPS
 
$0.66
 
Q2 Net Income
 
$18.16 mln
 
Q2 Gross Profit
 
$99.14 mln
 
Q2 Operating Income
 
$8.22 mln
 
Q2 Pretax Profit
 
$18.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for SiTime Corporation is $847.21, about 45.3% above its August 4 closing price of $583.06
The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 99 three months ago

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Aug 5 - Netlist, Samsung settle patent disputes in new five-year memory deal

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)