SiTime Reports Strong Q3 2026 Financial Results

SANTA CLARA, Calif., Nov. 04, 2026 /CourierPR/ -- SiTime, the Precision Timing company, reported strong financial results for its third quarter ended September 30, 2026. The company's net revenue for the quarter was $298.7 million, a significant increase from $83.6 million in the year-ago quarter. Rajesh Vashist, chairman and CEO of SiTime, highlighted the company's broad-based growth, attributing it to the continued demand for differentiated timing solutions in AI infrastructure.

According to Vashist, core CED revenue grew 202% year over year, driven by the ongoing buildout of AI infrastructure. He also noted that the integration of TPD (Time Precision Devices) has gone exceptionally well, benefiting both the company's teams, customers, and roadmap. SiTime exited the quarter with an annualized revenue run rate above $1 billion, indicating substantial growth potential.

In terms of financial performance, SiTime reported GAAP gross profit of $154.1 million, or 51.6% of revenue, with GAAP operating expenses of $145.8 million. This resulted in a GAAP income from operations of $8.3 million and a GAAP net income of $4.4 million, or $0.14 per diluted share. Non-GAAP figures showed a gross profit of $211.1 million, or 70.7% of revenue, with non-GAAP operating expenses of $81.6 million. Non-GAAP income from operations was $129.5 million, leading to a non-GAAP net income of $130.3 million, or $4.01 per diluted share.

As of September 30, 2026, SiTime held total cash, cash equivalents, and short-term investments of $324.3 million. The company also announced a three-for-one forward stock split, effective after the close of market on December 4, 2026. This move aims to make stock ownership more accessible to employees and investors.

In addition to the financial results, SiTime announced the granting of restricted stock unit awards (RSUs) to 71 newly hired individuals globally. These inducement grants were approved by the Compensation and Talent Committee of the Board of Directors under SiTime’s Amended and Restated 2022 Inducement Award Plan, in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement grants consisted of an aggregate of 47,976 RSUs. For these newly hired individuals, one-fourth of the RSUs will vest on the first February 20, May 20, August 20, or November 20, falling in the one-year anniversary quarter of the applicable vesting start date, and then 1/16th of the RSUs will vest in equal quarterly installments on each February 20, May 20, August 20, and November 20 thereafter, subject to each such employee’s continued service on each vesting date.

SiTime’s solutions are trusted in more than 400 applications, including AI hardware, autonomous vehicles, low Earth orbit satellites, and wearables. Built on decades of innovation, SiTime’s oscillators, clocks, resonators, and software deliver higher system performance, greater resilience, and better reliability.

The company’s forward-looking statements include expectations and trends relating to the growth of its new products, product differentiation, and market acceptance. These statements are subject to risks, uncertainties, and other factors that may cause actual outcomes and results to differ materially from those anticipated in such forward-looking statements.

SiTime’s financial information reflects estimates based on information available at this time. While the company believes these estimates to be reasonable, these amounts could differ materially from reported amounts in SiTime’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, and in other filings with the SEC.