SiTime Sequential Revenue Growth Accelerates After Renesas Close

The Tip Desk · November 5, 2026 · 2 min read

Third-quarter net revenue reached $298.7 million, up 257% from a year earlier, as the company said it exited with an annualized run rate above $1 billion.

SiTime Corporation (SITM), the Precision Timing company, reported third-quarter net revenue of $298.7 million, up 257% from $83.6 million a year earlier. Sequential growth accelerated to 89.7% from $157.4 million in the second quarter, after 38.6% growth from $113.6 million in the first quarter.

Chairman and CEO Rajesh Vashist said growth was broad-based and that core CED revenue grew 202% year over year as AI infrastructure demand continued. He said the company exited the quarter with an annualized revenue run rate above $1 billion. In the second quarter, CED had grown 181%.

The quarter was the first full period after SiTime completed the July 1 acquisition of Renesas’ timing business, which the company said added more than 550 clocking products. Vashist said TPD integration had gone well across teams, customers and the roadmap.

GAAP gross profit was $154.1 million, or 51.6% of revenue, down from 63.0% in the second quarter. Non-GAAP gross profit was $211.1 million, or 70.7% of revenue, up from 67.1%. GAAP income from operations was $8.3 million, essentially unchanged from $8.2 million in the second quarter.

GAAP net income fell to $4.4 million, or $0.14 a share, from $18.2 million, or $0.66 a share, in the second quarter. Non-GAAP net income rose to $130.3 million, or $4.01 a share, from $65.6 million, or $2.34 a share. Non-GAAP income from operations was $129.5 million, or 43.4% of revenue, compared with $53.5 million, or 34.0% of revenue, in the second quarter.

GAAP acquisition-related costs were $21.3 million, up from $8.5 million in the second quarter. In the non-GAAP operating reconciliation, amortization of acquired intangibles was $61.8 million, compared with $5.7 million. Research and development expense was $62.4 million and selling, general and administrative expense was $62.1 million.

Cash, cash equivalents and short-term investments were $324.3 million on September 30, 2026, down from $1,921 million at June 30, 2026. The June balance had included net proceeds from convertible senior notes used to fund the Renesas timing-business acquisition. Convertible senior notes, net, were $1.32 billion on the September 30 balance sheet.

SiTime announced a three-for-one forward stock split. Record holders as of the close on December 3, 2026 will receive two additional shares for each share owned, to be distributed after the close on December 4, 2026. Trading is expected to begin on a split-adjusted basis at the open on December 7, 2026.

The company said it would discuss its business outlook on the earnings call.