SANTA CLARA, Calif., June 24, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the Precision Timing company, announced today it has publicly filed a preliminary prospectus supplement with the U.S. Securities and Exchange Commission related to a proposed follow-on public offering of $350,000,000 of shares of its common stock. In addition, SiTime intends to grant the underwriters a 30-day option to purchase up to an aggregate of an additional $52,500,000 of shares of its common stock. The offering ...

Explore the exciting world of SiTime (SITM 7.65%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!*Stock prices used were the prices of April 2, 2025. The video was published on May. 12, 2025. ...

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SiTime (SITM) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 136.36%. A quarter ago, it was expected that this company would post earnings of $0.42 per share when it actually produced earnings of $0.48, delivering a surprise of 14.29%.Over the last four quarters, the company has surpasse ...

SiTime (SITM) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Brett Perry - VP - Investor RelationsRajesh Vashist - CEO & Chairman of The BoardBeth Howe - Executive VP of Finance & CFOTore Svanberg - Managing DirectorChris Caso - Managing Director Conference Call Participants Quinn Bolton - Senior AnalystSuji Desilva - Managing Director, Senior Research Analyst Operator Good afternoon, and welcome to Cytimes First Quarter twenty twenty five Financial Results Conference Call. At this time ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 increased by 83% year-over-year to $60.3 million, with gross margins at 57.4% and EPS at $0.26 per share [7][14] - Non-GAAP operating income improved by $10.3 million or 16 percentage points compared to the same quarter last year, reaching $2.1 million [15] - Non-GAAP net income for Q1 was $6.3 million, reflecting strong operational performance [15] Business Line Data and Key Metrics Changes - Communications, Enterprise, and Data Center (CED) business revenue tripled year-over-year to $29.3 million, representing 49% of total revenue [14][8] - Automotive, Industrial, and Defense segment revenue increased by 10% year-over-year to $14.1 million, accounting for 23% of total revenue [14] - Mobile, IoT, and Consumer segment revenue rose by 64% year-over-year to $16.9 million, making up 28% of total revenue [14] Market Data and Key Metrics Changes - Revenue from the largest customer grew over 75% year-over-year, contributing significantly to overall growth [8][14] - The CED business has shown significant sequential growth for four consecutive quarters, driven by AI infrastructure demands [8] Company Strategy and Development Direction - The company focuses on high-value timing markets and applications, leveraging differentiated products to capture market share [6][7] - A strategy to integrate oscillators with clocks and software is being pursued, creating a new clock category that enhances performance and simplifies designs [10][11] - The company aims for a gross margin target of 60% by the end of the year, despite pressures from lower-margin consumer business [24][26] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about continued growth, particularly in the AI data center market, with no signs of slowdown [30][31] - The company is navigating macroeconomic uncertainties while focusing on controllable factors such as product differentiation and customer acquisition [66][68] - The outlook for Q2 2025 anticipates revenue growth of 45% to 50% year-over-year, with expectations for continued strong performance across all segments [17] Other Important Information - The company generated $15 million in cash from operations, with a strong balance sheet showing $398.9 million in cash and short-term investments and no debt [16] - Capital expenditures for Q1 were $16.4 million, primarily for production equipment [16] Q&A Session Summary Question: Expectations for growth from the largest customer - Management expects continued growth, though not necessarily at the same percentage rate, due to the nature of consumer products and market dynamics [20][22] Question: Outlook for gross margin expansion - Management remains committed to achieving a gross margin target of 60%, despite pressures from new consumer business [24][26] Question: Growth profile in the data center segment - Management confirmed strong continuous momentum in the data center segment, with opportunities across various applications [30][31] Question: Full-year growth outlook - Management reaffirmed a growth target of 25% to 30% for the base business, with additional growth from new design wins [39] Question: CapEx expectations - Management indicated that CapEx would remain elevated for Q2, with a total expected for the year in the mid- to high 30s million range [63]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39135 ________________________________________________ ...

Exhibit 99.1 Net revenue in the first quarter of 2025 was $60.3 million, as compared to $33.0 million in the year ago quarter. "Our Q1 revenue growth of 83% year-over-year highlights the strength of our business across our end markets," said Rajesh Vashist, CEO and chairman of SiTime. "Customer enthusiasm for our newest products, including the Elite RF Super-TCXO and Symphonic mobile clock generator, underscore our Precision Timing leadership from the datacenter to the edge. We anticipate continued strong g ...

Q1 Net Revenue Increased 83% to $60.3 MillionSANTA CLARA, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the first quarter ended March 31, 2025. Net revenue in the first quarter of 2025 was $60.3 million, as compared to $33.0 million in the year ago quarter. “Our Q1 revenue growth of 83% year-over-year highlights the strength of our business across our end markets,” said Rajesh Vashist, CEO and chairman of SiTi ...

Group 1 - SiTime Corporation will announce its first quarter 2025 financial results on May 7, 2025, after market close [1] - The conference call to discuss the results will be led by CEO Rajesh Vashist and CFO Beth Howe at 2:00 p.m. Pacific Time [1] - Analysts and investors can join the conference call through a live webcast or by registering for a dial-in number [1] Group 2 - SiTime Corporation specializes in Precision Timing, offering semiconductor MEMS programmable solutions that enhance product performance, size, power efficiency, and reliability [2] - The company has shipped over 3 billion devices, indicating a significant impact on the timing industry [2]