Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $43.9 million, up 58% year-on-year and up 33% sequentially, exceeding guidance of $40 million to $42 million [5][11] - Non-GAAP gross margins were 57.7%, down 20 basis points sequentially, impacted by higher overhead and manufacturing costs [12] - Non-GAAP net income was $2.8 million or $0.12 per share, compared to a loss of $1.9 million in the previous quarter [13] Business Line Data and Key Metrics Changes - Sales into the communications, enterprise, and data center market were $15.2 million, up 208% year-on-year and 55% sequentially [12] - Sales into the automotive, industrial, and aerospace market were $14.8 million, increasing 20% year-on-year and 15% sequentially [12] - Sales into the mobile, IoT, and consumer market were $13.8 million, up 33% year-on-year and 34% sequentially [12] Market Data and Key Metrics Changes - Revenue from Greater China, North America, and Europe is expected to grow by double-digit percentages in 2024 [6] - The communications enterprise data center market is projected to grow at more than 50%, with expectations of reaching $100 million in this segment [7] Company Strategy and Development Direction - SiTime is focused on increasing diversity across applications, customers, and products, which is seen as a key driver for growth [10] - The company is investing significantly in R&D and customer relationships, particularly in the AI and data center markets [7][10] - SiTime aims to maintain gross margins above 60% in the long term, despite short-term pressures from new product launches [19][20] Management's Comments on Operating Environment and Future Outlook - Management noted that the inventory correction has passed, and demand is increasing, particularly in AI and optical markets [17][18] - The company expects strong revenue growth in Q3 and Q4, with a forecast of $55 million in revenue for Q3 [15] - Management expressed confidence in the growth trajectory, citing pent-up demand in data centers and a solid performance across all markets [22][23] Other Important Information - The company ended the quarter with $453 million in cash, cash equivalents, and short-term investments [14] - The Aura acquisition is contributing to revenue growth, with integration proceeding smoothly [29][31] Q&A Session Summary Question: Recovery into the second half and demand trends - Management indicated that both inventory levels have normalized and demand is increasing, particularly in AI and optical markets [17][18] Question: Guidance for September quarter and end market performance - All segments are expected to grow year-on-year, with data center fueled by AI being the fastest-growing segment [21] Question: Comments on December quarter expectations - Management expects continued growth without significant lumpiness, driven by strong demand in data centers [22][23] Question: Impact of new products on growth - New products are significantly contributing to growth, with many being launched in the current year [23] Question: Gross margin expectations and new product integration - Management expects gross margins to improve over time, returning to above 60% in the long term [19][20] Question: Aura acquisition and its impact - The Aura products are contributing to revenue growth, with payments for the acquisition remaining on schedule [28][29] Question: Reliability and performance metrics compared to quartz solutions - SiTime products have a fit rate about 100 times that of quartz, with superior performance in challenging environments [32][33] Question: Content per application in CED - Content in applications varies, with optical products being lower priced and higher-end products like OCXOs commanding higher prices [37][38]

Exhibit 99.1 SiTime Reports Second Quarter 2024 Financial Results SANTA CLARA, Calif., August 7, 2024 – SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the second quarter ended June 30, 2024. Net revenue in the second quarter of 2024 was $43.9 million, a 33% increase from $33.0 million in the prior quarter and an increase of 58% from the year ago period. "Q2 results exceeded our outlook," said Rajesh Vashist, CEO and chairman of SiTime. "Demand grew ac ...

The increase in share price can be attributed to robust demand for the company's diversified product portfolio. The company is also expanding its portfolio through acquisitions. Alongside its innovative products, SiTime is benefiting from strength in its single-source business and increased design wins. For SiTime, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate re ...

Analysts and investors are invited to join the conference call using the following information: About SiTime Investor Relations Contacts: Rajesh Vashist, SiTime's chief executive officer, and Beth Howe, chief financial officer, will broadcast a conference call at 2:00 p.m. Pacific Time to discuss the company's results. Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call. ...

Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call. A live audio webcast of the conference call will also be available and archived for approximately 90 days in the Events section of SiTime's Investor Relations website. SiTime Corporation is the Precision Timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to dif ...

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, 2024 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 ________________________________________________ ...

Financial Data and Key Metrics Changes - Revenue for Q1 2024 was $33 million, down 22% from $42.4 million in Q4 2023, aligning with typical seasonality [31] - Non-GAAP gross margins were 57.9%, a decrease of 40 basis points sequentially, impacted by lower volumes but partially offset by favorable product mix and cost [24][20] - Non-GAAP operating loss for Q1 was $8.3 million, with interest and other income of $6.3 million, resulting in a non-GAAP net loss of $1.9 million or $0.08 per share [24] Business Line Data and Key Metrics Changes - Sales into the communications, enterprise, and data center (CED) market were $9.9 million, accounting for 30% of total sales [31] - Sales into the mobile, IoT, and consumer market were $10.3 million, representing 31% of total sales, with the largest customer contributing $6.3 million or 19% of sales [31] - Sales into the automotive, industrial, and aerospace market were $12.9 million, making up 39% of total sales [31] Market Data and Key Metrics Changes - In North America, there is a strong demand for precision timing solutions in enterprise AI systems and data center infrastructure [16] - In Taiwan and China, engagement with key ODMs and OEMs is expected to benefit from the transition to 800G optical modules [17] - The automotive market is anticipated to grow despite current uncertainties in EV growth, with a focus on ADAS electronics [29] Company Strategy and Development Direction - The company is focusing on the CED market, bundling clocks and oscillators to meet precision timing needs, particularly in AI and telecom [1] - The strategy includes expanding the serviceable market (SAM) with a broader product portfolio, including the introduction of 40 new clocks by the end of 2024 [21] - The company aims to leverage strengths in end market diversity and product breadth to return to a target growth rate [30] Management's Comments on Operating Environment and Future Outlook - Management noted that customer inventory levels are returning to normal, which is expected to support growth in Q2 and beyond [35] - The company anticipates sequential growth throughout 2024, with revenue expectations for Q2 between $40 million and $42 million, representing a 21% to 27% increase sequentially [26] - Management expressed confidence in achieving a revenue target of $100 million in the CED market in the coming years [43] Other Important Information - Total operating expenses for Q1 were $27.4 million, with R&D expenses at $16.4 million and SG&A expenses at $11 million [24] - The company ended the quarter with $517 million in cash, cash equivalents, and short-term investments [64] Q&A Session Summary Question: What is driving growth across product segments? - Growth is expected from all segments, with CED, automotive, and industrial markets performing well, while consumer growth is also anticipated [34] Question: Are customers through the inventory correction? - Most customers are expected to be through the inventory correction by the end of Q2, returning to normal buying patterns [35] Question: What is the outlook for the second half of the year? - A stronger second half is anticipated, with expectations of normal seasonal strength as customers emerge from inventory corrections [37][48] Question: How is pricing pressure affecting the automotive segment? - Pricing pressure is noted in the automotive segment, primarily due to EV pricing, but overall pricing remains stable across other segments [55][56] Question: What is the expected growth rate for the company? - The company maintains a long-term growth expectation of around 30%, with significant potential for growth in Q3 and Q4 [51][55]

SiTime Reports First Quarter 2024 Financial Results Exhibit 99.1 In December 2023, SiTime closed the acquisition of certain assets and an exclusive license to certain intellectual property, subject to certain covenants and restrictions, from Aura Semiconductor Pvt. Ltd. and certain of its affiliates relating to Aura's timing business and clock products. The purchase price has been allocated to the fair value of the intangible assets acquired based on estimates and assumptions made by management at the time ...

FORM 10-K _______________________________________________________ (Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 001-391 ...

SiTime Corporation (NASDAQ:SITM) Q4 2023 Earnings Conference Call February 13, 2024 5:00 PM ET Company Participants Brett Perry - Shelton Group IR Rajesh Vashist - CEO Beth Howe - CFO Conference Call Participants Chris Caso - Wolfe Research Tore Svanberg - Stifel Quinn Bolton - Needham & Company Scott Sandlin - Barclays Douglas O'Laughlin - Fabricated Knowledge Operator Good afternoon, and welcome to SiTime's Fourth Quarter 2023 Financial Results Conference Call. At this time, all participants are in a list ...