SiTime reports a strong financial performance for the fourth quarter of 2024, surpassing analyst expectations in revenue and earnings.SiTime (SITM 3.91%), a leader in MEMS-based precision timing solutions, released its fourth-quarter results on February 5, 2025.The company reported a significant increase in both revenue and earnings per share, surpassing analyst expectations for the quarter. Revenue reached $68.1 million, a substantial rise from the $64 million estimated, reflecting a 61% increase compared ...

Company Performance - SiTime (SITM) reported quarterly earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, and up from $0.24 per share a year ago, representing an earnings surprise of 14.29% [1] - The company achieved revenues of $68.11 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.41%, compared to $42.4 million in the same quarter last year [2] - Over the last four quarters, SiTime has consistently surpassed consensus EPS estimates and revenue estimates [2] Future Outlook - The immediate price movement of SiTime's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $51.25 million, and for the current fiscal year, it is $1.49 on revenues of $250.72 million [7] - The estimate revisions trend for SiTime is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - SiTime operates within the Zacks Electronics - Miscellaneous Products industry, which is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Exhibit 99.1 SiTime Reports Fourth Quarter and Fiscal Year 2024 Financial Results SANTA CLARA, Calif., February 5, 2025 – SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the fourth quarter and financial year ended December 31, 2024. Net revenue in the fourth quarter of 2024 was $68.1 million, an 18% increase from $57.7 million in the prior quarter and an increase of 61% from the year ago period. Net revenue for fiscal year 2024 was $202.7 million, an i ...

SANTA CLARA, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation, (NASDAQ:SITM), the Precision Timing company, today announced financial results for the fourth quarter and financial year ended December 31, 2024. Net revenue in the fourth quarter of 2024 was $68.1 million, an 18% increase from $57.7 million in the prior quarter and an increase of 61% from the year ago period. Net revenue for fiscal year 2024 was $202.7 million, an increase of 41% from $144.0 million in fiscal year 2023. "In Q4, we s ...

Core Insights - SiTime Corporation will announce its fourth quarter 2024 financial results on February 5, 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] Company Overview - SiTime Corporation specializes in Precision Timing, offering semiconductor MEMS programmable solutions that enhance product performance, reduce size, lower power consumption, and improve reliability [2] - The company has shipped over 3 billion devices, indicating a significant impact on the timing industry [2]

SANTA CLARA, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation (NASDAQ:SITM), the Precision Timing company, today announced that SiTime's chief executive officer, Rajesh Vashist, and chief financial officer, Beth Howe, will participate at the 27th Annual Needham Growth Conference on Friday, January 17, 2025. Management is scheduled to host a fireside chat at 1:30 p.m. EST and will conduct virtual meetings with investors participating in the conference. A live and archived audio webcast of the com ...

SANTA CLARA, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the Precision Timing company, today announced that SiTime’s chief executive officer, Rajesh Vashist, and chief financial officer, Beth Howe, will participate at the 27th Annual Needham Growth Conference on Friday, January 17, 2025. Management is scheduled to host a fireside chat at 1:30 p.m. EST and will conduct virtual meetings with investors participating in the conference. A live and archived audio webcast of the co ...

SANTA CLARA, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the Precision Timing company, today announced that SiTime will present at the Raymond James TMT and Consumer Conference to be held at the Lotte Palace Hotel in New York, NY. SiTime management is scheduled to host a fireside chat at 10:00 a.m. EST on Tuesday, December 10, 2024 and will hold meetings with participating investors throughout the day. A live and archived webcast of the Company’s fireside chat will be availa ...

SiTime Corporation (NASDAQ:SITM) Q3 2024 Results Conference Call November 6, 2024 5:00 PM ET Company Participants Brett Perry - Shelton Group IR Rajesh Vashist - CEO Beth Howe - CFO Conference Call Participants Sujeeva De silva - ROTH Capital Quinn Bolton - Needham & Company Melissa Fairbanks - Raymond James Chris Caso - Wolfe Research Operator Good afternoon, and welcome to the SiTime's Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the ...

SiTime (SITM) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 53.85%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.12, delivering a surprise of 200%.Over the last four quarters, the company has surpass ...