SiTime Reports First Quarter 2026 Financial Results

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[{"type":"image","alt":"SiTime","displaySize":"","headline":null,"caption":"SiTime","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":89,"url":"https://media.zenfs.com/en/globenewswire.com/2d70c43c0f9e97b561a2d5b34e9cb383"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xUpWIdUsY7ASoCZmL.W1_A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNQ--/https://media.zenfs.com/en/globenewswire.com/2d70c43c0f9e97b561a2d5b34e9cb383","width":300,"height":89}},"lazy":false},{"type":"text","content":"Q1 Net Revenue Increased 88% to $113.6 Million","length":46,"tagName":"p"},{"type":"text","content":"SANTA CLARA, Calif., May 06, 2026 (GLOBE NEWSWIRE) -- SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the first quarter ended March 31, 2026.","length":197,"tagName":"p"},{"type":"text","content":"Net revenue in the first quarter of 2026 was $113.6 million, an increase of 88.3% from $60.3 million in the year ago quarter.","length":125,"tagName":"p"},{"type":"text","content":""Our strong start to 2026, with revenue growing 88 percent year over year, reflects the scale and momentum of the Precision Timing category we created,” said Rajesh Vashist, CEO of SiTime. “As AI infrastructure and high-performance systems grow, precision timing is becoming a system-level requirement. Here, our differentiated platforms are driving higher ASPs and margins, along with deeper customer engagement. I believe that we are executing from a position of strength for the next phase of SiTime’s growth and am excited about the opportunities ahead.”","length":563,"tagName":"p"},{"type":"text","content":"In the first quarter of 2026, GAAP gross profit was $67.0 million, or 59.0% of revenue, GAAP operating expenses were $79.3 million, GAAP loss from operations was $12.3 million, and GAAP net loss was $5.2 million, or $0.20 per diluted share.","length":240,"tagName":"p"},{"type":"text","content":"In the first quarter of 2026, non-GAAP gross profit was $73.3 million, or 64.5% of revenue, non-GAAP operating expenses were $41.5 million, non-GAAP income from operations was $31.8 million and non-GAAP net income was $38.9 million, or $1.44 per diluted share.","length":260,"tagName":"p"},{"type":"text","content":"Total cash, cash equivalents and short-term investments were $788.7 million on March 31, 2026.","len...

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