---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-037147"
form_type: "8-K"
ticker: "SITM"
cik: "0001451809"
company_name: "SITIME Corp"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:46:55.887336+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SiTime Q2 revenue $27.7M, down 27.7% QoQ; GAAP net loss $25.9M (-$1.17/share)

## Summary
- Net revenue $27.7M, down 27.7% from Q1 2023's $38.3M.
- GAAP net loss $25.9M ($1.17 basic loss per share); non-GAAP net loss $4.8M ($0.22 diluted).
- GAAP gross margin 55.7%; non-GAAP gross margin 58.2%.
- Cash and short-term investments $574.7M on June 30, 2023.
- GAAP operating expenses $47.8M; non-GAAP operating expenses $27.4M.

## SEC filing metadata
- accession: 0000950170-23-037147
- form_type: 8-K
- ticker: SITM
- cik: 0001451809
- company_name: SITIME Corp
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451809/000095017023037147/0000950170-23-037147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451809/000095017023037147/sitm-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-037147
- JSON: https://secwatch.observer/filing/0000950170-23-037147.json
- Plain text: https://secwatch.observer/filing/0000950170-23-037147.txt

## Key facts
- Earnings Releases
  SITIME Corp reported second quarter of 2023 results: revenue $27.7 million, net income GAAP net loss was $25.9 million, EPS $1.17 per basic share.
  - Period: second quarter of 2023
  - Revenue: $27.7 million
  - Net income: GAAP net loss was $25.9 million
  - EPS: $1.17 per basic share
  - Result: reported results
  source text: Net revenue in the second quarter of 2023 was $27.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451809/000095017023037147/0000950170-23-037147-index.htm

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