SiTime(SITM) - 2024 Q2 - Quarterly Results

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 ...