SiTime — Third Quarter 2026 Earnings Summary

Financial Performance:

• Net revenue for Q3 2026 was $298.7 million, a 257% increase year-over-year compared to $83.6 million in Q3 2025.
• GAAP gross profit was $154.1 million (51.6% margin), while non-GAAP gross profit was $211.1 million (70.7% margin).
• GAAP operating expenses were $145.8 million, resulting in GAAP income from operations of $8.3 million and GAAP net income of $4.4 million ($0.14 per diluted share).
• Non-GAAP operating expenses were $81.6 million, resulting in non-GAAP income from operations of $129.5 million and non-GAAP net income of $130.3 million ($4.01 per diluted share).
• Total cash, cash equivalents, and short-term investments stood at $324.3 million as of September 30, 2026.
• For the nine months ended September 30, 2026, revenue was $569.7 million compared to $213.4 million in the prior year period.
• GAAP net income for the nine months ended September 30, 2026, was $17.3 million ($0.60 per diluted share), compared to a net loss of $52.1 million in the prior year period.
• Balance sheet data shows total assets of $4.98 billion as of September 30, 2026, up from $1.29 billion as of December 31, 2025, driven by increases in intangible assets ($2.16 billion) and goodwill ($2.00 billion).
• Convertible senior notes, net, increased to $1.32 billion as of September 30, 2026, from zero in the prior period.

Guidance and Future Outlook:

• The company exited the quarter with an annualized revenue run rate above $1 billion.
• Management indicated substantial opportunity remains ahead, citing broad-based growth beyond any single market.

Business Segments and Product Lines:

• Core CED revenue grew 202% year-over-year, driven by AI infrastructure buildout demand for differentiated timing solutions.
• Integration of TPD (acquired entity) was reported as exceptional across teams, customers, and the roadmap.
• Products are utilized in over 400 applications, including AI hardware, autonomous vehicles, low Earth orbit satellites, and wearables.

Other Key Points:

• SiTime announced a three-for-one forward stock split to make ownership more accessible; record date is December 3, 2026, with distribution following the close of market on December 4, 2026.
• Trading is expected to commence on a split-adjusted basis on December 7, 2026.
• The company granted 47,976 restricted stock units (RSUs) on November 2, 2026, as inducement awards to 71 newly hired individuals globally.
• Conference call regarding business outlook was scheduled for November 4, 2026, at 2:00 p.m. Pacific Time.