SiTime(SITM) - 2024 Q1 - Quarterly Results

Exhibit 99.1 SiTime Reports First Quarter 2024 Financial Results SANTA CLARA, Calif., May 8, 2024 – SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the first quarter ended March 31, 2024. Net revenue in the first quarter of 2024 was $33.0 million, a 22% decrease from $42.4 million in the prior quarter. “SiTime is a leading provider of precision timing chips in electronics markets such as datacenter, AI and industrial,” said Rajesh Vashist, CEO and chai ...