SITM
SiTime Corporation363.60
+0.35+0.1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Renesas deal synergies detailed
Q&A fleshed out Renesas acquisition details, confirming full timing division transfer, cross-selling of SiTime oscillators alongside their clocks, and a separate MOU for resonators in Renesas MCUs--with their CEO joining SiTime's board. No China SAMR approval expected; engineering teams align well geographically and supply chain-wise on TSMC/GlobalFoundries. CED bookings dominate backlog within 12 months, consumer design wins ramp in 2026, margins swing on CED-consumer mix. Cross-sell opps abound. Answers reaffirmed prepared remarks' strong demand and 25-30% growth outlook. Investors eye integration execution post-close.
Key Stats
Market Cap
9.49BP/E (TTM)
-Basic EPS (TTM)
-2.91Dividend Yield
0%Recent Filings
10-K
FY2025 results
SiTime crushed FY2025 with revenue rocketing 61% y/y to $326.7M, fueled by AI datacenter demand that boosted ASPs via richer product mix and 14% unit growth. Q4 momentum accelerated this surge, pushing gross margins to 54% (up 2 points) on volume leverage despite higher manufacturing costs, while operating loss narrowed 42% to $67M as R&D and SG&A grew slower than topline. Cash generation roared with $87M from operations; balance sheet bulks to $808M cash/investments post $452M equity raises. Yet customer concentration—top distributors at 51%—threatens quarterly swings.
8-K
Q4 revenue surges 66%
8-K
SiTime acquires Renesas timing assets
SiTime signed an asset purchase agreement on February 4, 2026, to acquire Renesas' timing business assets for $1.5B cash and 4.13M shares, subject to adjustments and a $308.67-$417.61 collar. Closing awaits HSR clearance and foreign approvals, extendable to May 2027 if needed; Wells Fargo committed $900M bridge financing. Regulatory hurdles loom large.
8-K
SiTime appoints semiconductor expert Aalaei
SiTime expanded its board to nine directors and appointed Faraj Aalaei, a semiconductor veteran who founded Aquantia (sold to Marvell) and leads AI firm Cognichip, as Class II director effective January 21, 2026. He joins the Compensation and Talent Committee, receiving an initial RSU of 837 shares vesting over three years and a prorated 246-share RSU. His AI and networking expertise bolsters SiTime's fast-growing communications segment. No related transactions disclosed.
10-Q
Q3 FY2025 results
SiTime posted Q3 revenue of $83.6M, up 45% y/y and riding strong volume and mix shifts that lifted gross margin to 53.5% from 51.1%. Operating loss narrowed to $16.0M from $24.9M y/y, while net loss shrank to $8.0M or $(0.31) per diluted share on 26.0M shares—still reconciling cleanly despite anti-dilutive RSUs. Cash flow from operations hit $61.8M YTD on $79.1M stock comp, bolstering cash and equivalents to $27.1M plus $782.5M in short-term Treasury bills; no debt disclosed. Follow-on offering closed June 2025 for $387.3M net proceeds. Customer concentration persists.
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