olivLaw · US equity research
SiTime Corporation SITM
Semiconductors & Related Devices · SIC 3674 · Vertical: Semiconductors & Related Devices (SIC 3674)
SiTime is a provider of MEMS-based Precision Timing solutions used in AI datacenters, automotive, industrial and IoT systems. The company grew rapidly into 2026 and announced the acquisition of Renesas' timing assets, which could reshape its market position if integration proceeds as planned. The total timing market is estimated at 11 bn USD, and quarterly revenue reached 157.4 mn USD in Q2 2026.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, SiTime Corporation (SITM) stock was 355.00 USD (−11.97% on the day), with market capitalisation 10.7 bn USD, P/E 373.7 on diluted EPS of 0.95 USD over the last 12 months, beta 2.84, 52-week range 252.76–901.48 USD. Latest reported quarter (Q3 2026): revenue of 298.7 m USD (+257.4% YoY), net income of 4.4 m USD, diluted EPS 0.14 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 27.5
- oversold (≤ 30)
- Bollinger (20, 2)
- 368.09 – 601.78
- below the lower band · %B -0.06 · band width 48.2%
- SMA 50 / 200
- 565.87 / 547.91
- mixed trend
- MACD (12, 26, 9)
- -51.90 / -42.37
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −50.1% | −5.9% | −44.1 pp | — |
| 3 months | −48.4% | −4.6% | −43.7 pp | — |
| 6 months | −55.5% | +0.2% | −55.7 pp | — |
| Year to date | +0.5% | +7.4% | −6.9 pp | — |
| 1 year | +27.2% | +8.2% | +19.0 pp | +21.1% |
| 3 years | +226.8% | +68.4% | +158.4 pp | +55.4% |
| 5 years | +23.5% | +56.5% | −33.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68.1 m | 60.3 m | 69.5 m | 83.6 m | 113.3 m | 113.6 m | 157.4 m | 298.7 m |
| Cost of revenue | 32.3 m | 30.0 m | 33.4 m | 38.9 m | 49.4 m | 46.6 m | 58.3 m | 144.6 m |
| Gross profit | 35.8 m | 30.3 m | 36.1 m | 44.7 m | 63.9 m | 67.0 m | 99.1 m | 154.1 m |
| Research & development | 29.3 m | 30.0 m | 30.6 m | 30.0 m | 28.3 m | 32.7 m | 36.1 m | 62.4 m |
| SG&A | 27.7 m | 26.9 m | 28.2 m | 30.6 m | 30.8 m | 38.9 m | 46.3 m | 62.1 m |
| Operating income | -23.0 m | -28.1 m | -24.6 m | -16.0 m | 1.8 m | -12.3 m | 8.2 m | 8.3 m |
| Depreciation & amortisation | 8.6 m | 9.0 m | 9.8 m ≈ | 9.9 m ≈ | 11.4 m | 12.4 m | 13.0 m ≈ | 69.8 m ≈ |
| Interest expense | — | — | 0 | 0 | — | — | 2.2 m | 5.1 m |
| Pre-tax income | -18.4 m | -23.8 m | -20.1 m | -7.9 m | 9.6 m | -5.2 m | 18.2 m | 4.5 m |
| Income tax | 372.0 k | 67.0 k | 35.0 k | 111.0 k | 385.0 k | 14.0 k | 40.0 k | 174.0 k |
| Net income | -18.8 m | -23.9 m | -20.2 m | -8.0 m | 9.2 m | -5.2 m | 18.2 m | 4.4 m |
| Diluted EPS | -0.80 ≈ | -1.01 | -0.84 | -0.31 | 0.35 ≈ | -0.20 | 0.66 | 0.14 |
| Operating cash flow | 13.5 m | 15.0 m | 15.3 m ≈ | 31.4 m ≈ | 25.4 m | 31.2 m | 39.8 m ≈ | -6.6 m ≈ |
| Capex | 15.9 m | 16.3 m | 18.2 m ≈ | 5.1 m ≈ | 12.4 m | 13.3 m | 12.4 m ≈ | 10.2 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 67 percentile of its own 9-quarter history (min 39.5, median 201.4, max 60,068.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 85.2 m | 84.1 m | 116.2 m | 218.8 m | 283.6 m | 144.0 m | 202.7 m | 326.7 m |
| Revenue YoY | unavailable | −1.3% | +38.2% | +88.4% | +29.6% | −49.2% | +40.8% | +61.2% |
| Net income | -9.3 m | -6.6 m | -9.4 m | 32.3 m | 23.3 m | -80.5 m | -93.6 m | -42.9 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | −28.0% | −446.3% | unavailable | unavailable |
| Diluted EPS | unavailable | -0.63 | -0.58 | 1.53 | 1.03 | -3.63 | -4.05 | -1.72 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | −32.7% | −452.4% | unavailable | unavailable |
| net % | -11.0% | -7.9% | -8.1% | 14.8% | 8.2% | -55.9% | -46.2% | -13.1% |
| Free cash flow | -3.4 m | 6.0 m | 10.5 m | 28.2 m | 8.0 m | -889.0 k | -13.0 m | 35.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 16.8 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 1.2 bn USD
- Total assets
- 1.3 bn USD
- Debt / equity
- unavailable
- Current ratio
- 11.30x
- ROE
- -4.6%
- ROA
- -3.9%
- FCF margin
- 10.8%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 116.2 m | 218.8 m | 283.6 m | 144.0 m | 202.7 m | 326.7 m | SEC (XBRL)· 11 Feb 2026verified |
| Cost of revenue | 58.2 m | 79.3 m | 100.6 m | 61.9 m | 98.2 m | 151.7 m | SEC (XBRL)· 11 Feb 2026verified |
| Gross profit | 57.9 m | 139.5 m | 183.0 m | 82.1 m | 104.5 m | 175.0 m | SEC (XBRL)· 11 Feb 2026verified |
| Research & development | 31.7 m | 52.1 m | 90.3 m | 97.6 m | 106.9 m | 118.9 m | SEC (XBRL)· 11 Feb 2026verified |
| SG&A | 34.9 m | 54.5 m | 76.5 m | 84.0 m | 102.2 m | 116.5 m | SEC (XBRL)· 11 Feb 2026verified |
| Operating income | -8.6 m | 32.8 m | 16.1 m | -107.2 m | -115.2 m | -67.0 m | SEC (XBRL)· 11 Feb 2026verified |
| Depreciation & amortisation | 6.4 m | 7.9 m | 11.8 m | 16.1 m | 30.1 m | 40.2 m | SEC (XBRL)· 11 Feb 2026verified |
| EBITDA | -2.2 m ≈ | 40.8 m ≈ | 28.0 m ≈ | -91.1 m ≈ | -85.2 m ≈ | -26.8 m ≈ | SEC (XBRL)· 11 Feb 2026derived |
| Interest expense | 726.0 k | — | — | — | — | — | SEC (XBRL)· 16 Feb 2021verified |
| Pre-tax income | -9.4 m | 32.4 m | 23.3 m | -80.4 m | -93.1 m | -42.3 m | SEC (XBRL)· 11 Feb 2026verified |
| Income tax | 1.0 k | 78.0 k | 82.0 k | 152.0 k | 486.0 k | 598.0 k | SEC (XBRL)· 11 Feb 2026verified |
| Net income | -9.4 m | 32.3 m | 23.3 m | -80.5 m | -93.6 m | -42.9 m | SEC (XBRL)· 11 Feb 2026verified |
| Diluted EPS | -0.58 | 1.53 | 1.03 | -3.63 | -4.05 | -1.72 | SEC (XBRL)· 11 Feb 2026verified |
| Weighted average diluted shares | 16.1 m | 21.1 m | 22.7 m | 22.2 m | 23.1 m | 25.0 m | SEC (XBRL)· 11 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 73.5 m | 559.5 m | 34.6 m | 9.5 m | 6.1 m | 16.8 m | SEC (XBRL)· 11 Feb 2026verified |
| Receivables | 23.9 m | 38.4 m | 41.2 m | 21.9 m | 38.2 m | 45.0 m | SEC (XBRL)· 11 Feb 2026verified |
| Inventories | 12.4 m | 23.6 m | 57.7 m | 65.5 m | 76.7 m | 81.6 m | SEC (XBRL)· 11 Feb 2026verified |
| Current assets | 113.2 m | 625.9 m | 669.1 m | 623.2 m | 544.1 m | 949.3 m | SEC (XBRL)· 11 Feb 2026verified |
| Property, plant & equipment, net | 11.7 m | 37.9 m | 58.8 m | 54.7 m | 82.5 m | 105.1 m | SEC (XBRL)· 11 Feb 2026verified |
| Goodwill | — | — | 0 | 87.1 m | 87.1 m | 87.1 m | SEC (XBRL)· 11 Feb 2026verified |
| Intangibles (excl. goodwill) | 2.1 m | 6.0 m | 5.2 m | 177.1 m | 163.6 m | 147.4 m | SEC (XBRL)· 11 Feb 2026verified |
| Total assets | 136.0 m | 678.2 m | 750.6 m | 951.7 m | 885.0 m | 1.3 bn | SEC (XBRL)· 11 Feb 2026verified |
| Accounts payable | 6.2 m | 13.1 m | 14.9 m | 8.7 m | 22.9 m | 21.3 m | SEC (XBRL)· 11 Feb 2026verified |
| Current liabilities | 19.1 m | 37.4 m | 33.8 m | 121.4 m | 108.4 m | 84.0 m | SEC (XBRL)· 11 Feb 2026verified |
| Total liabilities | 26.1 m | 45.7 m | 42.1 m | 243.6 m | 185.2 m | 138.5 m | SEC (XBRL)· 11 Feb 2026verified |
| Equity | 109.9 m † | 632.5 m † | 708.5 m † | 708.1 m † | 699.7 m † | 1.2 bn † | SEC (XBRL)· 11 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 16.6 m | 59.1 m | 39.8 m | 8.1 m | 23.2 m | 87.2 m | SEC (XBRL)· 11 Feb 2026verified |
| Capex | 6.1 m | 30.9 m | 31.8 m | 8.9 m | 36.2 m | 52.0 m | SEC (XBRL)· 11 Feb 2026verified |
| Free cash flow | 10.5 m ≈ | 28.2 m ≈ | 8.0 m ≈ | -889.0 k ≈ | -13.0 m ≈ | 35.1 m ≈ | SEC (XBRL)· 11 Feb 2026derived |
| Investing cash flow | -7.8 m | -33.8 m | -560.1 m | -36.7 m | 64.8 m | -427.9 m | SEC (XBRL)· 11 Feb 2026verified |
| Financing cash flow | 1.3 m | 460.6 m | -4.5 m | 3.5 m | -91.3 m | 351.4 m | SEC (XBRL)· 11 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 10.7 bn USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 56.2% | 41 (on a fixed band) | 15% |
| EBIT margin · Quality | 0.9% | 27 (vs peers) | 12% |
| FCF margin · Quality | 6.1% | 24 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 4.8% | 19 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | 61.2% | 82 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 5.6x | 100 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 0.4% | 8 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth40/100 · 2/2 factors with a value
- Quality31/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial8/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SiTime Corporation (SITM). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 326.7 m USD in 2025; YoY growth 61.2%; net margin 3.9%; ROE 1.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue growth (YoY): 61.2%
- Current ratio: 5.6x
What contradicts it
- EBIT margin: 0.9%
- FCF margin: 6.1%
- Revenue CAGR 3Y: 4.8%
- FCF yield: 0.4%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Semiconductors & Related Devices (SIC 3674) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 9,156.8 bn | 259.6 | 29.3% | 40.0% | +25.0% | +21% / +263% |
| NVDANvidia Corp | 4,376.6 bn | 23.0 | 117.2% | 63.7% | +65.5% | +3% / +288% |
| AVGOBroadcom Inc. | 1,391.7 bn | 37.2 | 44.2% | 42.9% | +23.9% | −28% / +215% |
| MUMicron Technology, Inc. | 742.7 bn | 8.8 | 88.3% | 63.8% | +256.3% | +178% / +762% |
| AMDAdvanced Micro Devices, Inc | 663.3 bn | 88.0 | 11.8% | 16.8% | +34.3% | +86% / +234% |
| INTCIntel Corporation | 277.7 bn | — | -10.9% | -20.1% | −0.5% | +29% / +17% |
| TXNTexas Instruments Inc | 254.2 bn | 36.0 | 39.7% | 34.3% | +13.0% | +65% / +82% |
| AMATApplied Materials Inc | 253.4 bn | 27.5 | 41.1% | 30.1% | +4.4% | +27% / +113% |
| ADIAnalog Devices Inc | 174.9 bn | 42.8 | 12.2% | 29.8% | +16.9% | +36% / +97% |
| UMCUnited Microelectronics Corporation | 168.4 bn | 111.5 | 13.3% | 21.0% | −2.5% | +79% / +72% |
| MRVLMarvell Technology, Inc | 117.1 bn | 44.1 | 16.5% | 27.9% | +42.1% | +49% / +140% |
| NXPINXP Semiconductors N.V. | 61.6 bn | 19.2 | 29.2% | 23.4% | −2.7% | +25% / +20% |
| MPWRMonolithic Power Systems, Inc. | 55.2 bn | 62.4 | 25.1% | 23.9% | +26.4% | +22% / +106% |
| MCHPMicrochip Technology Inc | 35.3 bn | 47.2 | 12.6% | 15.0% | +7.1% | +21% / −22% |
| ALABAstera Labs, Inc. | 31.4 bn | 71.6 | 28.2% | 29.6% | +115.1% | +14% / unavailable |
| IMOSChipMOS TECHNOLOGIES INC. | 29.7 bn | 676.0 | 5.6% | 6.3% | −0.8% | +55% / +64% |
| ONOn Semiconductor Corp | 24.5 bn | 36.6 | 8.9% | 10.8% | −15.3% | +25% / −12% |
| QQnity Electronics, Inc. | 23.0 bn | 38.9 | 7.6% | 11.5% | +9.7% | +36% / unavailable |
| CRDOCredo Technology Group Holding Ltd | 21.1 bn | 40.0 | 30.7% | 33.8% | +205.7% | −37% / +527% |
| FSLRFirst Solar, Inc. | 21.0 bn | 11.3 | 18.7% | 37.1% | +24.1% | −28% / +24% |
| MTSIMACOM Technology Solutions Holdings, Inc. | 14.5 bn | 60.9 | 17.2% | 20.7% | +32.6% | +9% / +127% |
| SITMSiTime Corporation | 10.7 bn | 373.7 | 1.2% | 3.9% | +61.2% | +27% / +227% |
| SLABSilicon Laboratories Inc. | 7.4 bn | — | -3.6% | -4.6% | unavailable | +73% / +110% |
| VIAVViavi Solutions Inc. | 6.5 bn | 106.7 | 6.5% | 4.0% | +40.0% | +47% / +225% |
| ALGMAllegro Microsystems, Inc. | 5.0 bn | 179.3 | 3.2% | 3.1% | +22.8% | +0% / −2% |
1- and 3-year price returns: for SITM from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 194.11 Total return -45% · Per year -45% | 343.13 Total return -3% · Per year -3% | 516.77 Total return 46% · Per year 46% |
| 3 years | 189.62 Total return -47% · Per year -19% | 377.03 Total return 6% · Per year 2% | 623.29 Total return 76% · Per year 21% |
| 5 years | 185.23 Total return -48% · Per year -12% | 414.28 Total return 17% · Per year 3% | 751.77 Total return 112% · Per year 16% |
- Exit P/E± 94.26
- Net margin± 65.98
- Annual revenue growth± 53.99
- Annual dilution± 5.54
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 10-Q (05 Nov 2026), 8-K (04 Nov 2026 · results).
In brief
SiTime is a provider of MEMS-based Precision Timing solutions used in AI datacenters, automotive, industrial and IoT systems. The company grew rapidly into 2026 and announced the acquisition of Renesas' timing assets, which could reshape its market position if integration proceeds as planned. The total timing market is estimated at 1 11 bn USD, and quarterly revenue reached 157.4 mn USD in Q2 2026 3.
SWOT
Strengths
- Proprietary MEMS technology and mixed-signal analog expertise allow the company to design complete timing solutions 1.
- A high non-GAAP gross margin in Q2 2026 indicates solid pricing power for high-end products 3.
- The product portfolio has been widened through acquisitions and new platforms such as Titan and TimeFabric 13.
Weaknesses
- Dependence on a small number of end customers and distributors can expose the company to large swings in revenue 1.
- The company reported net losses in recent fiscal years, and acquisition and operating costs remain high 1.
- The fabless model relies on third parties for fabrication, assembly and testing, which limits control over supply 1.
Opportunities
- Integrating the Renesas assets could expand the portfolio and customer base in industrial and automotive markets 3.
- Adoption of MEMS in place of quartz could open new applications where high precision is required 1.
- Growth of AI datacenters and autonomous driving could sustain demand for precise synchronization 1.
Risks
- Customer concentrationhigh
A small number of distributors and end customers generate a major part of revenue, and orders can be cancelled at short notice 1.
- Integration of the Renesas acquisitionhigh
Integrating the acquired assets and newly hired staff could face operational and systems difficulties 3.
- Semiconductor cyclicalitymedium
Industry downturns can lead to high inventories and price pressure, quickly affecting revenue and margins 1.
- Reliance on third-party manufacturingmedium
External suppliers, many with sole sources, could delay deliveries or affect yields, and the phase-out of older nodes adds vulnerability 1.
- Volatility of resultslow
Revenue and operating results have fluctuated significantly from one period to the next, which makes forecasting difficult 1.
Investment thesis
What would need to be true (bull case)
- Rapid revenue growth in Q2 2026 together with a high gross margin could indicate a durable shift in profitability if the trend holds 3.
- The Renesas acquisition could significantly extend the portfolio and the leadership position in Precision Timing if integration succeeds 13.
- MEMS technology and new platforms such as Titan could open markets that were until now dominated by quartz 1.
What would break the thesis
- Dependence on a few large customers could make revenue vulnerable to a single purchasing decision 1.
- The acquisition was partly financed with debt and shares, which could dilute shareholders and add financial pressure if demand falls 13.
- Semiconductor industry cycles could quickly reverse recent growth, and demand from AI could slow 1.
What to watch
- Integration of the Renesas assets and its effect on revenue and marginsQ3 2026
- Evolution of customer concentration, especially the largest end customernext 10-K
- Revenue and margin guidance presented on the results conference callQ3 2026
- Execution of the Titan platform and market adoption of MEMS resonators2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 10-Q (05 Nov 2026), 8-K (04 Nov 2026 · results).
The business
SiTime presents itself as a leader in Precision Timing solutions for the global electronics industry, with oscillators, clock ICs, resonators and synchronization software 1. It runs a fabless model: products are manufactured by outside suppliers while SiTime focuses on design, marketing and sales 1. Sales go mainly through distributors, with products also sold via its SiTimeDirect online store 1.
On February 4, 2026, SiTime agreed to acquire assets of Renesas' timing business for about 1,500 mn USD in cash plus shares, completed on July 1, 2026 13. The deal added over 550 clocking products to the portfolio, according to the Q2 2026 release 3. The company also announced the Titan platform for the standalone resonator market in September 2025 1.
Financial results show strong growth: revenue was 326.66 mn USD in fiscal 2025 1, and non-GAAP gross margin reached 67.1% in Q2 2026 3. The company reported net losses in fiscal 2024 and 2025 1, while Q2 2026 net income was positive, which could signal a change in trend if sustained 3.
Segments
Oscillators and resonators
Oscillators have historically been the main source of SiTime's revenue across its target end markets 1. The Titan platform extends the portfolio into standalone resonators, an area where quartz crystal technology has dominated for over half a century 1.
Clock ICs and synchronization
Through the 2023 acquisition from Aura Semiconductor, SiTime added network synchronizers, jitter cleaners, clock generators and buffers 1. The TimeFabric software, launched in June 2025, complements this area and extends holdover performance to 24 hours 1.
Timing products from Renesas
The assets acquired from Renesas brought over 550 clocking products, which could significantly broaden SiTime's offer in industrial and automotive markets if integration succeeds 3. The contribution of this segment to future revenue is not yet quantified in the sources reviewed.
Market context
SiTime estimates the total timing market at roughly 11 bn USD and growing 1. The company focuses on the high-end segment, called Precision Timing, where MEMS technology is gradually replacing quartz in applications demanding performance and resilience 1. Rapid growth in AI datacenters was an important revenue driver in 2025 1.
Demand in communications, automotive and industrial segments depends on trends such as higher transfer speeds and lower latency, which raise synchronization requirements 1. If these trends persist, they could support demand for precisely engineered solutions, although semiconductor cycles remain volatile 1.
Trends
- Growth of AI datacenterstailwind
AI infrastructure, with high density and strict synchronization needs, supported revenue growth, and precise synchronization can reduce data loss 13. If datacenter investment continues, this tailwind could persist.
- Cyclicality of the semiconductor industryheadwind
The industry is highly cyclical, with overcapacity and high inventories in downturns, which can quickly affect the company's revenue 1. A downturn could reduce sales and margins.
- Replacement of quartz by MEMStailwind
Development of MEMS technology makes it possible to gradually replace quartz devices, which are less resistant to vibration and temperature changes 1. This shift is a structural advantage, but the pace of adoption remains uncertain.
- Customer concentration and geopolitical tensionsmixed
End customers are highly concentrated, and geopolitical tensions encourage domestic production, which could limit sales to some customers 1. The effect is mixed: concentration raises risk but also long-term collaboration opportunities.
Competitive position
SiTime competes with traditional quartz suppliers, which have resonator expertise but often outsource analog circuit design and packaging 1. The company differentiates itself by designing the resonator in-house and integrating it into the clock IC package 1.
Competition also includes clock IC vendors that depend on quartz manufacturers for the frequency reference, a supply-chain advantage SiTime highlights 1. The Renesas acquisition could reduce competition in clocking if integration succeeds 3.
- Quartz oscillator and resonator suppliers
Traditional manufacturers based on quartz crystals, described in the filing as relying on older technology and outsourcing analog circuit design 1.
- Quartz-based clock IC vendors
Clock IC sellers that rely on external quartz vendors for the frequency reference they need 1.
- Renesas Electronics
Seller of the timing business SiTime acquired, also a player in clocking before the transaction 1.
- Network synchronization software providers
Vendors offering IEEE 1588 synchronization solutions, which SiTime compares with its TimeFabric software 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- SiTime Corporation (SITM) Positioned at the Heart of AI Hardware ExpansionYahoo Finance — News · 23 Sept 2026 · EN
- SiTime Corporation (SITM) Surged on Strong AI data center demandYahoo Finance — News · 21 Sept 2026 · EN
- Benchmark Assigns Buy Rating to SiTime (SITM) Amid Timing Technology Market ExpansionYahoo Finance — News · 11 Sept 2026 · EN
- How SiTime’s (SITM) Silicon Timing Devices Power AI Data CentersYahoo Finance — News · 10 Sept 2026 · EN
The latest news item in our archive is from 23 Sept 2026; the newest SEC filing is from 05 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report05 Nov 2026
- Current report04 Nov 2026Results of operations · Financial statements and exhibits
- Current report23 Oct 2026Departure or appointment of officers
- Current report (amendment)09 Sept 2026Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report01 Jul 2026Material agreement · Acquisition or disposition of assets · Creation of a direct financial obligation · Item 3.02 · Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report29 May 2026Shareholder vote
- Current report22 May 2026Material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
- Current report19 May 2026Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / SiTime Corporation · 11 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / SiTime Corporation · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / SiTime Corporation · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.