SITIME Corp (SITM) Form 8-K — Aug 5, 2026
SiTime reported second quarter 2026 net revenue of $157.4 million, up 127% from $69.5 million in the year-ago quarter, with GAAP net income of $18.2 million, or $0.66 per diluted share. Non-GAAP net income was $65.6 million, or $2.34 per diluted share, on a 67.1% non-GAAP gross margin. CEO Rajesh Vashist said every segment grew at least 50% while the CED segment grew 181%. The company completed its acquisition of Renesas' Timing Business on July 1, 2026, adding more than 550 clocking products to its precision timing portfolio.
Key figures
- Eps
- 0.66
- Revenue
- 157432000
- Net Income
- 18156000
- Total Debt
- 1317556000
- Revenue Yoy
- +127%
- Total Assets
- 2505523000
- Cash Position
- 1921141000
- Gaap gross margin
- 63.0%
- New hires covered
- 168
- Six month revenue
- $271.0 million vs $129.8 million year ago
- Ced segment growth
- 181%
- Guidance in release
- No quantified outlook; business outlook discussed on the August 5, 2026 conference call
- Non gaap net income
- $65.6 million
- Q2 interest expense
- $2.2 million (new, from convertible notes)
- Non gaap diluted eps
- 2.34
- Non gaap gross margin
- 67.1%
- Prior quarter revenue
- $113.6 million (Q1 2026)
- Inducement rsus granted
- 109689
- Year ago quarter revenue
- $69.5 million (Q2 2025)
- Hires from renesas acquisition
- 126
- Non gaap income from operations
- $53.5 million
- Renesas clocking products added
- over 550
- Gaap weighted avg diluted shares
- 27490000
Price after filing
Close on the filing date to close N calendar days later (from $583.06). Historical, not a forecast.
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