SiTime shares surge after Q2 earnings beat

SiTime

06/08/2026 10:12

** Shares of precision timing chipmaker SiTime SITM.O jump 30.7% to $710.03 in premarket trading
** SITM beat second-quarter earnings estimates
** Co posts Q2 revenue of $157.43 million vs estimates of $146.38 million; adjusted EPS at $2.34 vs estimates of $1.95 - LSEG data
** Nine brokerages covering the stock rate it "buy" or higher; their median PT is $850
** Up to last day's close, the stock is up 53.7% YTD 

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))