Flash FinanceUS
After hours S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · SiTime (SITM)

SiTime Q2 revenue rises 58% to $43.9 million; GAAP net loss narrows

Positive Impact 3 of 5 earnings Written later

SiTime reported second-quarter 2024 net revenue of $43.9 million, up 33% from the prior quarter and 58% from a year earlier, and said results exceeded its outlook. GAAP net loss was $26.8 million, or $1.16 per diluted share, compared with $28.7 million in the first quarter, and non-GAAP net income was $2.8 million, or $0.12 per diluted share.

Key points

  • Q2 2024 net revenue of $43.9 million, up 33% from $33.0 million in Q1 2024 and up 58% year over year
  • GAAP net loss of $26.8 million, or $1.16 per diluted share, versus a $28.7 million loss in Q1 2024
  • Non-GAAP net income of $2.8 million, or $0.12 per diluted share, versus a non-GAAP net loss of $1.9 million in Q1 2024
  • Cash, cash equivalents and short-term investments were $452.5 million on June 30, 2024, after a $68.6 million payment related to the Aura transaction

The filing

CompanySiTime (SITM)
Form8-K, current report
Filed with the SECAug 7, 2024, 4:08 PM ET
Accession number0001451809-24-000218

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.