Q3 Net Reve ue I c eased 257% to $298.7 Millio
SANTA CLARA, Calif., Nov. 04, 2026 (GLOBE NEWSWIRE) — SiTime Co po atio , (Nasdaq: SITM), the P ecisio Timi g compa y, today a ou ced fi a cial esults fo the thi d qua te e ded Septembe 30, 2026.
Net eve ue i the thi d qua te of 2026 was $298.7 millio , as compa ed to $83.6 millio i the yea ago qua te .
“With its apid o ga ic g owth a d the additio of TPD, SiTime is ow ope ati g at a ew level of scale a d fi a cial pe fo ma ce,” said Rajesh Vashist, chai ma a d CEO of SiTime. “I Q3, g owth was b oad-based, demo st ati g st e gth well beyo d a y si gle ma ket. Simulta eously, co e CED eve ue g ew 202% yea ove yea as the AI i f ast uctu e buildout co ti ued to d ive dema d fo diffe e tiated timi g. TPD i teg atio has go e exceptio ally well ac oss ou teams, custome s a d oadmap. We exited the qua te with a a ualized eve ue u ate above $1 billio a d substa tial oppo tu ity still ahead.”
I the thi d qua te of 2026, GAAP g oss p ofit was $154.1 millio , o 51.6% of eve ue, GAAP ope ati g expe ses we e $145.8 millio , GAAP i come f om ope atio s was $8.3 millio , a d GAAP et i come was $4.4 millio , o $0.14 pe diluted sha e.
I the thi d qua te of 2026, o -GAAP g oss p ofit was $211.1 millio , o 70.7% of eve ue, o -GAAP ope ati g expe ses we e $81.6 millio , o -GAAP i come f om ope atio s was $129.5 millio a d o -GAAP et i come was $130.3 millio , o $4.01 pe diluted sha e.
Total cash, cash equivale ts a d sho t-te m i vestme ts we e $324.3 millio o Septembe 30, 2026.
SiTime pla s to discuss its busi ess outlook as pa t of today’s scheduled co fe e ce call.
SiTime also a ou ced a th ee-fo -o e fo wa d stock split of SiTime’s issued commo stock to make stock ow e ship mo e accessible to employees a d i vesto s. The split will be effected th ough a ame dme t to SiTime’s Ame ded a d Restated Ce tificate of I co po atio , which will esult i a p opo tio ate i c ease i the umbe of sha es of autho ized commo stock. Each eco d holde of commo stock as of the close of ma ket o Thu sday, Decembe 3, 2026, will eceive two additio al sha es of commo stock fo each o e sha e of commo stock ow ed, to be dist ibuted afte the close of ma ket o F iday, Decembe 4, 2026. T adi g is expected to comme ce o a split-adjusted basis at ma ket ope o Mo day, Decembe 7, 2026.
This p ess elease a d its attachme ts i clude ce tai o -GAAP suppleme tal pe fo ma ce measu es. The p ese tatio of this fi a cial i fo matio is ot i te ded to be co side ed i isolatio o as a substitute fo the fi a cial i fo matio p epa ed a d p ese ted i acco da ce with GAAP.
SiTime believes that the p ese tatio of o -GAAP fi a cial measu es p ovides impo ta t suppleme tal i fo matio to ma ageme t a d i vesto s ega di g fi a cial a d busi ess t e ds elati g to SiTime’s fi a cial co ditio a d esults of ope atio s. SiTime believes that these o -GAAP fi a cial measu es p ovide additio al i sight i to SiTime’s o goi g pe fo ma ce a d co e ope atio al activities a d has chose to p ovide these measu es fo mo e co siste t a d mea i gful compa iso betwee pe iods. These measu es should o ly be used to evaluate SiTime’s esults of ope atio s i co ju ctio with the co espo di g GAAP measu es. The o -GAAP fi a cial measu es exclude stock-based compe satio expe se, amo tizatio of acqui ed i ta gibles, amo tizatio of i ve to y step-up costs, amo tizatio of fi a ci g elated t a sactio costs, a d acquisitio – elated expe ses which i clude t a sactio a d ce tai othe cash costs associated with busi ess acquisitio as well as cha ges i the estimated fai value of ea out liabilities a d acc etio of acquisitio co side atio payable. The eco ciliatio betwee GAAP a d o -GAAP fi a cial esults is p ovided i the fi a cial stateme ts po tio of this elease.
SiTime g a ted est icted stock u it awa ds (“RSUs”) o Novembe 2, 2026 that we e app oved by the Compe satio a d Tale t Committee of its Boa d of Di ecto s u de SiTime’s Ame ded a d Restated 2022 I duceme t Awa d Pla , as a mate ial i duceme t to the employme t of 71 ewly hi ed i dividuals globally. The RSUs we e app oved i acco da ce with Nasdaq Listi g Rule 5635(c)(4). The i duceme t g a ts co sisted of a agg egate of 47,976 RSUs. Fo these ewly hi ed i dividuals, o e-fou th of the RSUs will vest o the fi st Feb ua y 20, May 20, August 20, o Novembe 20, falli g i the o e-yea a ive sa y qua te of the applicable vesti g sta t date, a d the 1/16th of the RSUs will vest i equal qua te ly i stallme ts o each Feb ua y 20, May 20, August 20, a d Novembe 20 the eafte , subject to each such employee’s co ti ued se vice o each vesti g date. The i duceme t g a ts a e subject to the te ms a d co ditio s of awa d ag eeme ts cove i g the RSU g a ts a d SiTime’s Ame ded a d Restated 2022 I duceme t Awa d Pla .
SiTime will b oadcast the fi a cial esults fo its thi d qua te of 2026 via co fe e ce call today, Novembe 4, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Easte Time). To joi the co fe e ce call via pho e, pa ticipa ts a e equi ed to complete the followi g egist atio fo m to eceive a dial-i umbe a d dedicated PIN fo accessi g the co fe e ce call. The co fe e ce call will also be available via a live audio webcast o the i vesto elatio s sectio of the SiTime website at i vesto .sitime.com. Please access the website at least a few mi utes p io to the sta t of the call to dow load a d i stall a y ecessa y audio softwa e. A a chived webcast eplay of the call will be available o the website.
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This p ess elease a d the ea i gs call efe e ci g this p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of Sectio 27A of the Secu ities Act of 1933, as ame ded, a d Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded. These fo wa d-looki g stateme ts i volve isks, u ce tai ties, assumptio s, a d othe facto s that may cause actual esults o outcomes to diffe mate ially f om those a ticipated i such fo wa d-looki g stateme ts. The isks, u ce tai ties, assumptio s, a d othe facto s i clude, but a e ot limited to ou expectatio s a d t e ds elati g to the g owth of ou ew p oducts, ou p oduct diffe e tiatio a d ma ket accepta ce of ou p oducts, a d ou ability to accu ately fo ecast ou futu e pe fo ma ce, busi ess a d g owth. Mo e i fo matio about these a d othe isks, u ce tai ties, a d othe facto s that may cause actual outcomes a d esults to diffe mate ially f om those i cluded i the fo wa d-looki g stateme ts co tai ed i this elease a e i cluded u de the captio “Risk Facto s” a d elsewhe e i ou most ece t Fo m 10-Q filed with the Secu ities a d Excha ge Commissio (the “SEC”) a d othe fili gs SiTime makes with the SEC f om time to time, i cludi g SiTime’s A ual Repo t o Fo m 10-K that has bee filed fo the yea e ded Decembe 31, 2025. The fi a cial i fo matio set fo th i this elease eflects estimates based o i fo matio available at this time. While SiTime believes these estimates to be easo able, these amou ts could diffe mate ially f om epo ted amou ts i SiTime’s Qua te ly Repo t o Fo m 10-Q fo the qua te e ded Septembe 30, 2026 a d SiTime’s othe fili gs with the SEC. Fo wa d-looki g stateme ts speak o ly as of the date the stateme ts a e made a d a e based o i fo matio available to SiTime at the time those stateme ts a e made a d/o ma ageme t’s good faith belief as of that time with espect to futu e eve ts. Except as equi ed by law, SiTime u de takes o obligatio , a d does ot i te d, to update these fo wa d-looki g stateme ts.
| Reve ue | $ | 298,671 | $ | 157,432 | $ | 83,567 | Cost of eve ue | 144,553 | 58,290 | 38,850 | G oss p ofit | 154,118 | 99,142 | 44,717 | Ope ati g expe ses: | Resea ch a d developme t | 62,412 | 36,117 | 30,009 | Selli g, ge e al a d admi ist ative | 62,085 | 46,301 | 30,603 | Acquisitio elated costs | 21,288 | 8,509 | 126 | Total ope ati g expe ses | 145,785 | 90,927 | 60,738 | I come (loss) f om ope atio s | 8,333 | 8,215 | (16,021 | ) | I te est i come | 1,487 | 12,545 | 8,275 | I te est expe se | (5,094 | ) | (2,247 | ) | — | Othe expe se, et | (199 | ) | (317 | ) | (157 | ) | I come (loss) befo e i come taxes | 4,527 | 18,196 | (7,903 | ) | I come tax expe se | (174 | ) | (40 | ) | (111 | ) | Net i come (loss) | $ | 4,353 | $ | 18,156 | $ | (8,014 | ) | Net i come (loss) att ibutable to commo stockholde s a d comp ehe sive i come (loss) | $ | 4,353 | $ | 18,156 | $ | (8,014 | ) | Net i come (loss) pe sha e att ibutable to commo stockholde s, basic | $ | 0.14 | $ | 0.69 | $ | (0.31 | ) | Net i come (loss) pe sha e att ibutable to commo stockholde s, diluted | $ | 0.14 | $ | 0.66 | $ | (0.31 | ) | Weighted-ave age sha es used to compute basic et i come (loss) pe sha e | 30,134 | 26,450 | 26,048 | Weighted-ave age sha es used to compute diluted et i come (loss) pe sha e | 31,170 | 27,490 | 26,048 |
| Reve ue | $ | 569,670 | $ | 213,375 | Cost of eve ue | 249,455 | 102,270 | G oss p ofit | 320,215 | 111,105 | Ope ati g expe ses: | Resea ch a d developme t | 131,266 | 90,598 | Selli g, ge e al a d admi ist ative | 147,322 | 85,689 | Acquisitio elated costs | 37,417 | 3,560 | Total ope ati g expe ses | 316,005 | 179,847 | I come (loss) f om ope atio s | 4,210 | (68,742 | ) | I te est i come | 21,342 | 16,832 | I te est expe se | (7,341 | ) | — | Othe (expe se) i come, et | (691 | ) | 53 | I come (loss) befo e i come taxes | 17,520 | (51,857 | ) | I come tax expe se | (228 | ) | (213 | ) | Net i come (loss) | $ | 17,292 | $ | (52,070 | ) | Net i come (loss) att ibutable to commo stockholde s a d comp ehe sive i come (loss) | $ | 17,292 | $ | (52,070 | ) | Net i come (loss) pe sha e att ibutable to commo stockholde s, basic | $ | 0.63 | $ | (2.12 | ) | Net i come (loss) pe sha e att ibutable to commo stockholde s, diluted | $ | 0.60 | $ | (2.12 | ) | Weighted-ave age sha es used to compute basic et i come (loss) pe sha e | 27,656 | 24,551 | Weighted-ave age sha es used to compute diluted et i come (loss) pe sha e | 28,636 | 24,551 |
| Reve ue | $ | 298,671 | $ | 157,432 | $ | 83,567 | GAAP g oss p ofit | 154,118 | 99,142 | 44,717 | GAAP g oss ma gi | 51.6 | % | 63.0 | % | 53.5 | % | Amo tizatio of acqui ed i ta gibles | 53,239 | 5,744 | 3,573 | Amo tizatio of i ve to y step-up costs | 3,020 | — | — | Stock-based compe satio | 679 | 699 | 831 | No -GAAP g oss p ofit | $ | 211,056 | $ | 105,585 | $ | 49,121 | No -GAAP g oss ma gi | 70.7 | % | 67.1 | % | 58.8 | % | GAAP esea ch a d developme t expe ses | $ | 62,412 | $ | 36,117 | $ | 30,009 | Stock-based compe satio | (13,788 | ) | (10,501 | ) | (11,485 | ) | No -GAAP esea ch a d developme t expe ses | $ | 48,624 | $ | 25,616 | $ | 18,524 | GAAP selli g, ge e al a d admi ist ative expe ses | $ | 62,085 | $ | 46,301 | $ | 30,603 | Amo tizatio of acqui ed i ta gibles | (8,580 | ) | — | — | Stock-based compe satio | (20,554 | ) | (19,793 | ) | (15,441 | ) | No -GAAP selli g, ge e al a d admi ist ative expe ses | $ | 32,951 | $ | 26,508 | $ | 15,162 | GAAP acquisitio elated costs | $ | 21,288 | $ | 8,509 | $ | 126 | Acquisitio elated costs | (21,288 | ) | (8,509 | ) | (126 | ) | No -GAAP acquisitio elated costs | $ | — | $ | — | $ | — | Total No -GAAP ope ati g expe ses | $ | 81,575 | $ | 52,124 | $ | 33,686 | GAAP i come (loss) f om ope atio s | $ | 8,333 | $ | 8,215 | $ | (16,021 | ) | Acquisitio elated costs | 21,288 | 8,509 | 126 | Amo tizatio of acqui ed i ta gibles | 61,819 | 5,744 | 3,573 | Amo tizatio of i ve to y step-up costs | 3,020 | — | — | Stock-based compe satio | 35,021 | 30,993 | 27,757 | No -GAAP i come f om ope atio s | $ | 129,481 | $ | 53,461 | $ | 15,435 | No -GAAP i come f om ope atio s as a pe ce tage of eve ue | 43.4 | % | 34.0 | % | 18.5 | % | GAAP et i come (loss) | $ | 4,353 | $ | 18,156 | $ | (8,014 | ) | Acquisitio elated costs | 21,288 | 8,509 | 126 | Amo tizatio of fi a ci g elated t a sactio costs | 4,776 | 2,247 | — | Amo tizatio of acqui ed i ta gibles | 61,819 | 5,744 | 3,573 | Amo tizatio of i ve to y step-up costs | 3,020 | — | — | Stock-based compe satio | 35,021 | 30,993 | 27,757 | No -GAAP et i come | $ | 130,277 | $ | 65,649 | $ | 23,442 | Weighted-ave age sha es used to compute diluted et i come pe sha e (1) | 32,468 | 28,061 | 26,938 | GAAP et i come (loss) pe sha e diluted | $ | 0.14 | $ | 0.66 | $ | (0.31 | ) | No -GAAP adjustme ts detailed above | 3.87 | 1.68 | 1.18 | No -GAAP et i come pe sha e diluted | $ | 4.01 | $ | 2.34 | $ | 0.87 |
(1) No -GAAP diluted weighted ave age sha es a e calculated usi g the t easu y stock method a d diffe f om GAAP diluted weighted ave age sha es i ce tai pe iods due to o -GAAP et i come epo ted.
| Reve ue | $ | 569,670 | $ | 213,375 | GAAP g oss p ofit | 320,215 | 111,105 | GAAP g oss ma gi | 56.2 | % | 52.1 | % | Amo tizatio of acqui ed i ta gibles | 64,728 | 10,718 | Amo tizatio of i ve to y step-up costs | 3,020 | — | Stock-based compe satio | 1,968 | 2,357 | No -GAAP g oss p ofit | $ | 389,931 | $ | 124,180 | No -GAAP g oss ma gi | 68.4 | % | 58.2 | % | GAAP esea ch a d developme t expe ses | $ | 131,266 | $ | 90,598 | Stock-based compe satio | (35,516 | ) | (33,210 | ) | No -GAAP esea ch a d developme t expe ses | $ | 95,750 | $ | 57,388 | GAAP selli g, ge e al a d admi ist ative expe ses | $ | 147,322 | $ | 85,689 | Amo tizatio of acqui ed i ta gibles | (8,580 | ) | — | Stock-based compe satio | (59,329 | ) | (43,561 | ) | No -GAAP selli g, ge e al a d admi ist ative expe ses | $ | 79,413 | $ | 42,128 | GAAP acquisitio elated costs | $ | 37,417 | $ | 3,560 | Acquisitio elated costs | (37,417 | ) | (3,560 | ) | No -GAAP acquisitio elated costs | $ | — | $ | — | Total No -GAAP ope ati g expe ses | $ | 175,163 | $ | 99,516 | GAAP i come (loss) f om ope atio s | $ | 4,210 | $ | (68,742 | ) | Amo tizatio of acqui ed i ta gibles | 73,308 | 10,718 | Acquisitio elated costs | 37,417 | 3,560 | Amo tizatio of i ve to y step-up costs | 3,020 | — | Stock-based compe satio | 96,813 | 79,128 | No -GAAP i come f om ope atio s | $ | 214,768 | $ | 24,664 | No -GAAP i come f om ope atio s as a pe ce tage of eve ue | 37.7 | % | 11.6 | % | GAAP et i come (loss) | $ | 17,292 | $ | (52,070 | ) | Amo tizatio of acqui ed i ta gibles | 73,308 | 10,718 | Acquisitio elated costs | 37,417 | 3,560 | Amo tizatio of fi a ci g elated t a sactio costs | 7,023 | — | Amo tizatio of i ve to y step-up costs | 3,020 | — | Stock-based compe satio | 96,813 | 79,128 | No -GAAP et i come | $ | 234,873 | $ | 41,336 | Weighted-ave age sha es used to compute diluted et i come pe sha e (1) | 29,264 | 25,390 | GAAP et i come (loss) pe sha e diluted | $ | 0.60 | $ | (2.12 | ) | No -GAAP adjustme ts detailed above | 7.43 | 3.75 | No -GAAP et i come pe sha e diluted | $ | 8.03 | $ | 1.63 |
(1) No -GAAP diluted weighted ave age sha es a e calculated usi g the t easu y stock method a d diffe f om GAAP diluted weighted ave age sha es i ce tai pe iods due to o -GAAP et i come epo ted.
| Cu e t assets: | Cash a d cash equivale ts | $ | 324,350 | $ | 16,759 | Sho t-te m i vestme ts i held-to-matu ity secu ities | — | 791,648 | Accou ts eceivable, et | 202,880 | 45,040 | I ve to ies | 111,356 | 81,557 | P epaid expe ses a d othe cu e t assets | 19,222 | 14,275 | Total cu e t assets | 657,808 | 949,279 | P ope ty a d equipme t, et | 124,533 | 105,114 | I ta gible assets, et | 2,156,770 | 147,366 | Right-of-use assets, et | 14,241 | 4,089 | Goodwill | 1,999,072 | 87,098 | Othe assets | 28,094 | 1,753 | Total assets | $ | 4,980,518 | $ | 1,294,699 | Cu e t liabilities: | Accou ts payable | $ | 34,066 | $ | 21,327 | Acc ued expe ses a d othe cu e t liabilities | 84,323 | 62,678 | Total cu e t liabilities | 118,389 | 84,005 | Co ve tible se io otes, et | 1,319,137 | — | Othe o -cu e t liabilities | 49,676 | 54,512 | Total liabilities | 1,487,202 | 138,517 | Commitme ts a d co ti ge cies | Stockholde s’ equity: | Commo stock | 3 | 3 | Additio al paid-i capital | 3,700,925 | 1,381,083 | Accumulated deficit | (207,612 | ) | (224,904 | ) | Total stockholde s’ equity | 3,493,316 | 1,156,182 | Total liabilities a d stockholde s’ equity | $ | 4,980,518 | $ | 1,294,699 |
Shelto G oupLea e Sieve s | B ett Pe ysitm-i @shelto g oup.com
SiTime Co po atio Beth HoweChief Fi a cial Office i vesto . elatio s@sitime.com
