SiTime revenue rises 127% to $157.4 million in second quarter 2026
SiTime reported second-quarter 2026 revenue of $157.4 million, up from $69.5 million a year earlier, and GAAP net income of $18.2 million, or $0.66 per diluted share, compared with a net loss of $20.2 million in the year-ago quarter. The company completed its acquisition of Renesas Electronics' timing business on July 1, 2026, and said it would discuss its business outlook on the conference call, which the filing does not include.
Key points
- Net revenue was $157.4 million versus $69.5 million in the second quarter of 2025, an increase of 127%.
- GAAP net income was $18.2 million, or $0.66 per diluted share; non-GAAP net income was $65.6 million, or $2.34 per diluted share.
- GAAP gross margin was 63.0% and non-GAAP gross margin was 67.1%.
- Cash, cash equivalents and short-term investments were $1,921 million on June 30, 2026, including convertible senior notes proceeds used to fund the Renesas acquisition completed July 1, 2026.
The filing
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 05, 2026.
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.