MEMS timing devices firm SiTime's Q3 revenue rises

SiTime

05/11/2025 21:39

Overview

SiTime Q3 revenue rose to $83.6 mln, beating analyst expectations

Company reported a GAAP net loss of $8.0 mln for Q3

Non-GAAP net income for Q3 was $23.4 mln

Outlook

SiTime expects over 50% year-over-year growth for 2025

Result Drivers

AI GROWTH - Co attributes milestone revenue to increased adoption of Precision Timing solutions driven by AI growth

COMMUNICATIONS-ENTERPRISE-DATACENTER STRENGTH - Co expects continued rapid growth driven by strong performance in Communications-Enterprise-Datacenter business

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$83.57 mln
$78.14 mln (7 Analysts)
Q3 EPS
-$0.31
Q3 Net Income
-$8.01 mln
Q3 Gross Profit
$44.72 mln
Q3 Operating Income
-$16.02 mln
Q3 Pretax Profit
-$7.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and 1 "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 Corp is $260.00, about 7.4% below its November 4 closing price of $279.31

The stock recently traded at 90 times the next 12-month earnings vs. a P/E of 93 three months ago

Press Release: ID:nGNX1XZBJZ

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(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.)