SiTime (NasdaqGM:SITM) Q4 2025 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsBeth Howe - CFOBrett Perry - VP of Investor RelationsQuinn Bolton - Managing Director in Equity ResearchRajesh Vashist - CEOTom O'Malley - Director in Equity ResearchConference Call ParticipantsChris Caso - Managing Director and Senior Equity AnalystGary Mobley - Managing Director and Senior AnalystJim Schneider - Senior Equity AnalystSujith Desilva - Managing Director and Senior Research AnalystTore Svanberg - Ma ...

Financial Data and Key Metrics Changes - SiTime reported Q4 2025 revenue of $113.3 million, a 66% increase year-over-year, with earnings per share tripling from $0.48 to $1.53 [8][9] - For the full year 2025, revenue reached $326.7 million, up 61% year-over-year, with gross margins expanding to 59.3% [15][9] - Non-GAAP operating profit for 2025 was $58.6 million, representing 18% of revenue, with cash flow from operations improving to $87.2 million from $23.2 million in 2024 [15][16] Business Line Data and Key Metrics Changes - The Communications Enterprise and Data Center (CED) segment grew 160% year-over-year, contributing $64.6 million or 57% of total revenue in Q4 [16][10] - Automotive, industrial, and aerospace segments delivered $24.5 million, or 22% of revenue, increasing 19% year-over-year [17] - Consumer, IoT, and mobile revenue was $24.2 million, or 21% of total revenue, up 7% year-over-year [17] Market Data and Key Metrics Changes - Demand for oscillators used in 1.6 terabit optical modules increased by 50% in 2026 forecasts, indicating strong market growth [10] - The book-to-bill ratio was over 1.5 at the end of Q4, reflecting strong demand across the customer base [9] - The company expects significant growth in 2026 driven by AI CapEx spending and increased demand for high-performance networking infrastructure [10][12] Company Strategy and Development Direction - SiTime aims to lead in high-value precision timing applications and deliver differentiated system-level solutions [13] - The acquisition of Renesas' timing business is expected to enhance SiTime's product portfolio and accelerate growth, particularly in the CED segment [24][28] - The company plans to maintain a long-term growth rate of 25%-30% post-acquisition, leveraging the strengths of both businesses [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory for 2026, citing strong demand in AI and data centers as key growth drivers [39][40] - The company anticipates continued growth across all segments, with specific opportunities in aerospace and defense applications [40] - Management highlighted the importance of maintaining a strong supply chain to support growth and meet increasing demand [82][84] Other Important Information - The acquisition of Renesas' timing business is valued at $1.5 billion in cash and approximately 4.13 million newly issued SiTime shares [28] - The transaction is expected to close by the end of 2026, subject to regulatory approvals [28] Q&A Session Summary Question: What is the source of the strong bookings reflected in the book-to-bill ratio of 1.5? - Management indicated that most bookings are coming from the CED segment due to its significant growth and customer demand [31] Question: Can you elaborate on the potential for cross-selling opportunities with Renesas? - Management confirmed that there is minimal product overlap, allowing for significant cross-selling opportunities between SiTime's oscillators and Renesas' clock products [42] Question: What is the expected duration of the backlog associated with the book-to-bill ratio? - Management noted that while customers are booking longer, the majority of orders are expected within 12 months, with a focus on Q1 and Q2 [56] Question: How do you expect the acquisition to impact gross margins? - Management stated that the acquisition is expected to enhance gross margins, potentially reaching the upper end of the long-term target of 60%-65% [60] Question: Are there any capacity constraints anticipated in the supply chain? - Management expressed confidence in the supply chain, noting that they have caught up with previous challenges and are well-positioned to meet demand [83]

SiTime (NasdaqGM:SITM) Q4 2025 Earnings call February 04, 2026 05:00 PM ET Speaker0Good afternoon and welcome to SiTime's fourth quarter 2025 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask the question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please pres ...

SiTime Corporation (NASDAQ:SITM) is one of the 10 best NASDAQ growth stocks to buy for the next 10 years. Timothy Arcuri, an analyst at UBS, increased the firm’s price target on SiTime from $375 to $430 while keeping a Buy rating on the stock on January 26. The adjusted price target implies a further 20% upside from the current level. Is SiTime Corp. (SITM) the Best Mid-Cap Growth Stock to Buy According to Analysts? Earlier, on January 16, Barclays upgraded the stock from Sell to Hold. Barclays analyst T ...

Core Insights - Frequency Electronics, Inc. has been awarded a significant contract valued at approximately $9.2 million to provide precision time and frequency systems for a geostationary environmental satellite program [2][3] Group 1: Contract Details - The contract includes the provision of oscillators, frequency distribution units, and spares for integration into three satellites, with deliveries scheduled through 2028 [2] - There is potential for four additional satellites to be procured in the future to augment the constellation [2] Group 2: Company Capabilities - The contract underscores FEI's capability to perform in geostationary (GEO) constellations, highlighting the reliability of its quartz oscillators, which are critical for space and defense applications [3] - FEI has a long-standing relationship with heritage customers, which is reflected in the trust placed in its products [3][4] Group 3: Company Overview - Frequency Electronics, Inc. is a leader in the design, development, and manufacture of high precision timing, frequency generation, and RF control products for both space and terrestrial applications [4] - The company's products are utilized in various sectors, including satellite payloads, military systems, and secure communications [4] - FEI has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense programs [4]

M-tron Industries Conference Summary Company Overview - **Company Name**: M-tron Industries (Ticker: MPTI) - **Industry**: Aerospace and Defense - **Stock Exchange**: NYSE American - **Founded**: 1965, focused on aerospace and defense since 2004 after merging two companies - **Current Stock Performance**: Spun out at around $13 per share in October 2022, reached a high of $71, currently trading in the mid to high $40s [4][6] Financial Performance - **Revenue Growth**: Achieved 20% year-on-year growth over the past three years [2][16] - **Sales Figures**: Trailing LTM sales of $52 million, primarily from aerospace and defense markets [10] - **Quarterly Revenue**: Approximately $13.5 million per quarter, up from $8 million two years ago [26][27] - **Gross Margin**: Increased from mid-30% to mid-40% [27] - **EBITDA Margin**: Targeting 20% to 21% long-term, currently around 18% [27][32] - **Cash Position**: $15.5 million on the balance sheet, expected to reach $19 million to $20 million by year-end [27] Market Position and Strategy - **Core Competencies**: Specializes in microwave and RF applications, vertically integrated manufacturing [5][10] - **Customer Base**: Serves top 10 U.S. defense primes and has over 70 customers with long-term relationships [6][10] - **Market Focus**: Concentrated on high-reliability sectors such as military aircraft, avionics, and precision-guided munitions [11][12] - **Growth Drivers**: Increased defense spending, modernization of military systems, and weapon system replenishment due to global conflicts [16][17] Product and Service Offerings - **Product Range**: Filters, oscillators, and subsystems primarily built around quartz crystals [10][11] - **Key Markets**: Aerospace (military and commercial), space and SATCOM, electronic warfare, and drone technology [12][13][24] - **R&D Focus**: Continuous innovation with 30% of revenue from products developed in the last three to four years [28] Acquisition and Growth Strategy - **M&A Plans**: Actively seeking complementary acquisitions in the $10 million to $20 million revenue range, focusing on cash-producing companies with good margins [31][40] - **Long-term Goals**: Aim for consistent growth of at least 10% annually, with a focus on maintaining gross margins in the mid-40s [32] Challenges and Considerations - **Tariff Impact**: New U.S. tariffs on India could affect margins by $500,000 to $1 million [35] - **Labor Market**: Improved conditions for hiring, with ongoing efforts to train and recruit skilled labor [43] Conclusion M-tron Industries presents a compelling investment opportunity within the aerospace and defense sector, characterized by strong financial performance, a solid customer base, and a clear growth strategy focused on innovation and strategic acquisitions. The company is well-positioned to capitalize on increasing defense spending and modernization efforts in the military sector [2][16][32]