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SiTime Reports Second Quarter 2025 Financial Results
Q2 Net Revenue Increased 58% to $69.5 Million SANTA CLARA, Calif.--(BUSINESS WIRE)-- SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today
About this update from Sitime Corporation
[{"type":"text","content":"\nQ2 Net Revenue Increased 58% to $69.5 Million\n\n\n SANTA CLARA, Calif.--(BUSINESS WIRE)--\nSiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the second quarter ended June 30, 2025.\n\n\nNet revenue in the second quarter of 2025 was $69.5 million, as compared to $43.9 million in the year ago quarter.\n\n\n“SiTime’s continued momentum across our end markets demonstrates that our focus on high performance applications is working,\" said Rajesh Vashist, CEO and chairman of SiTime. \"Revenue from our Communications, Enterprise, and Data Center market (CED) grew 137% year over year, fueled by AI that created strong demand for our Precision Timing solutions.\"\n\n\nIn the second quarter of 2025, GAAP gross profit was $36.1 million, or 51.9% of revenue, GAAP operating expenses were $60.7 million, GAAP loss from operations was $24.6 million, and GAAP net loss was $20.2 million, or $0.84 per diluted share.\n\n\nIn the second quarter of 2025, non-GAAP gross profit was $40.5 million, or 58.2% of revenue, non-GAAP operating expenses were $33.3 million, non-GAAP income from operations was $7.2 million and non-GAAP net income was $11.6 million, or $0.47 per diluted share.\n\n\nTotal cash, cash equivalents and short-term investments were $796.7 million on June 30, 2025.\n\n\nThe company plans to discuss its business outlook as part of today’s scheduled conference call.\n\n\nUse of Non-GAAP Financial Information\n\n\nThis press release and its attachments include certain non-GAAP supplemental performance measures. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.\n\n\nSiTime believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to SiTime’s financial condition and results of operations. SiTime believes that these non-GAAP financial measures provide additional insight into SiTime’s ongoing performance and core operational activities and has chosen to provide these measures for more consistent and meaningful comparison between periods. These measures should only be used to evaluate SiTime’s results of operations in conjunction w...