SiTime (NASDAQ:SITM) Releases Earnings Results, Beats Expectations By $0.30 EPS

SiTime (NASDAQ:SITM) posted its earnings results on Wednesday. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.30, FiscalAI reports. The company had revenue of $113.57 million during the quarter, compared to analyst estimates of $103.51 million. SiTime had a negative net margin of 13.13% and a negative return on equity of 2.06%. SiTime’s revenue for the quarter was up 88.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share.

Here are the key takeaways from SiTime’s conference call:

• SiTime reported a strong Q1 with $113.6M revenue (+88% YoY), non‑GAAP EPS of $1.44 (≈5x YoY), 64.5% gross margin and 28% operating margin, and raised full‑year revenue growth to at least 80%; Q2 guide is $140–150M, ~65% gross margin and EPS $1.85–2.00.
• Growth is being led by Communications, Enterprise & Data Center (CED), which grew 158% YoY, driven by AI inference (XPUs), higher timing content in optical modules (including 1.6Tb), switches and CPO, and adoption of the new Elite 2 Super‑TCXO that commands higher ASPs and addresses a ~$1.5B cumulative SAM over five years.
• Aerospace & defense and LEO satellite demand is a material catalyst—management cites up to $2,000 of SiTime content per LEO satellite, expects 7k–10k LEO launches in the next 3 years (up to 50k over 10 years), and a ~$0.5B aerospace/defense funnel with conversion rates ~2x other segments targeting ~$100M revenue in coming years.
• The announced Renesas timing‑business acquisition remains on track and will add ~150 engineers and product breadth; management says integration costs so far align with prior estimates but the deal is not closed and synergies / expenses could still change.

SiTime Price Performance

Shares of NASDAQ SITM traded up $26.69 on Wednesday, reaching $623.33. 620,380 shares of the company’s stock traded hands, compared to its average volume of 347,889. SiTime has a 12 month low of $158.63 and a 12 month high of $627.00. The business’s 50 day simple moving average is $414.68 and its two-hundred day simple moving average is $366.95.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SITM shares. Barclays set a $400.00 price target on shares of SiTime in a research note on Thursday, February 5th. Stifel Nicolaus increased their price target on shares of SiTime from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of SiTime in a research note on Tuesday, April 21st. Roth Mkm reissued a “buy” rating and issued a $450.00 price target on shares of SiTime in a research note on Thursday, February 5th. Finally, Wall Street Zen downgraded shares of SiTime from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $415.63.

Insider Buying and Selling at SiTime

In other SiTime news, insider Samsheer Ahamad sold 9,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $441.47, for a total transaction of $4,017,377.00. Following the completion of the transaction, the insider owned 52,938 shares of the company’s stock, valued at approximately $23,370,538.86. This trade represents a 14.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Akira Takata sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $431.73, for a total transaction of $1,511,055.00. Following the transaction, the director directly owned 13,734 shares of the company’s stock, valued at $5,929,379.82. This represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 26,178 shares of company stock valued at $11,282,324. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SiTime

A number of institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC grew its holdings in shares of SiTime by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 703 shares of the company’s stock valued at $249,000 after buying an additional 39 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of SiTime by 7.7% during the second quarter. Lazard Asset Management LLC now owns 654 shares of the company’s stock valued at $139,000 after buying an additional 47 shares during the last quarter. State of Wyoming grew its holdings in shares of SiTime by 20.9% during the fourth quarter. State of Wyoming now owns 347 shares of the company’s stock valued at $123,000 after buying an additional 60 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of SiTime by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,209 shares of the company’s stock valued at $1,133,000 after buying an additional 69 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of SiTime by 17.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 502 shares of the company’s stock valued at $183,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

About SiTime

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.