---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017174"
form_type: "8-K"
ticker: "SITM"
cik: "0001451809"
company_name: "SITIME Corp"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:52:12.737023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SiTime Q1 revenue $38.3M, down 37% QoQ; GAAP net loss $16.5M

## Summary
- Revenue $38.3M, down 37% from Q4 2022 ($60.8M).
- GAAP net loss $16.5M ($0.76 loss per basic share).
- Non-GAAP net income $2.0M ($0.09 per diluted share).
- Cash and short-term investments total $576.1M.
- GAAP operating loss $22.1M on operating expenses $45.2M.

## SEC filing metadata
- accession: 0000950170-23-017174
- form_type: 8-K
- ticker: SITM
- cik: 0001451809
- company_name: SITIME Corp
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451809/000095017023017174/0000950170-23-017174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451809/000095017023017174/sitm-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017174
- JSON: https://secwatch.observer/filing/0000950170-23-017174.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017174.txt

## Key facts
- Earnings Releases
  SITIME Corp reported first quarter ended March 31, 2023 results: revenue $38.3 million, net income GAAP net loss was $16.5 million, or $(0.76) per basic share, EPS $(0.76) per basic share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $38.3 million
  - Net income: GAAP net loss was $16.5 million, or $(0.76) per basic share
  - EPS: $(0.76) per basic share
  - Result: reported results
  source text: SiTime Corporation, (Nasdaq: SITM), the precision timing company, today announced financial results for the first quarter ended March 31, 2023. Net revenue in the first quarter of 2023 was $38.3 million, a 37.0% decrease from the $60.8 million in the fourth quarter of 2022. Generally Accepted Accounting Principles (GAAP) Results In the first quarter of 2023, GAAP gross margins were $23.0 million, or 60.1% of revenue, GAAP operating expenses were $45.2 million, GAAP loss from operations was $22.1 million, and GAAP net loss was $16.5 million, or $(0.76) per basic share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451809/000095017023017174/0000950170-23-017174-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.