Earnings ·
SiTime Corporation reported second quarter 2026 financial results, announcing net revenue of $157.4 million, a 127%…
SITMSITIME Corp
SiTime Corporation reported second quarter 2026 financial results, announcing net revenue of $157.4 million, a 127% increase from the prior year period's $69.5 million. GAAP diluted earnings per share were $0.66, while non-GAAP diluted EPS reached $2.34. The company completed its acquisition of Renesas' Timing Business on July 1, 2026, adding over 550 clocking products to its portfolio and funding the transaction with proceeds from a convertible senior notes offering. Total cash, equivalents, and short-term investments stood at $1,921 million as of June 30, 2026. Additionally, SiTime granted inducement RSUs to newly hired employees, including those acquired from Renesas. SiTime Corporation operates in the semiconductor industry, providing MEMS-based precision timing solutions.