SiTime Q1 revenue beats estimates, driven by AI infrastructure demand

SiTime

06/05/2026 22:06

Overview

Precision timing chipmaker's Q1 revenue grew 88.3% yr/yr, beating analyst expectations

Company posted GAAP net loss of $5.2 mln, or $0.20 per share, for the quarter

Revenue growth driven by demand in AI infrastructure and high-performance systems

Outlook

Company did not provide specific guidance in the press release

Result Drivers

PRECISION TIMING DEMAND - Co said revenue growth was driven by increased demand for precision timing in AI infrastructure and high-performance systems

HIGHER ASPs AND MARGINS - Co attributed improved results to higher average selling prices and margins from differentiated platforms

Company press release: ID:nGNX1Z7dvl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$113.57 mln
$103.39 mln (9 Analysts)
Q1 EPS
-$0.20
Q1 Net Income
-$5.22 mln
Q1 Gross Profit
$66.96 mln
Q1 Operating Income
-$12.34 mln
Q1 Pretax Profit
-$5.2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "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 Corp is $451.11, about 24.4% below its May 5 closing price of $596.64

The stock recently traded at 106 times the next 12-month earnings vs. a P/E of 84 three months ago

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.)