---
schema_version: "secwatch.filing_event.v1"
accession: "0001451809-24-000108"
form_type: "8-K"
ticker: "SITM"
cik: "0001451809"
company_name: "SITIME Corp"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:39:53.299522+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SiTime Q1 revenue $33.0M, down 22% QoQ; GAAP EPS -$1.26, non-GAAP -$0.08

## Summary
- Net revenue $33.0M, down 22% from $42.4M in prior quarter.
- GAAP net loss $28.7M ($1.26/diluted share); non-GAAP net loss $1.9M ($0.08/diluted).
- GAAP gross margin 53.5% of revenue; non-GAAP gross margin 57.9%.
- Cash, cash equivalents & short-term investments totaled $517.3M as of March 31, 2024.
- CEO expects sustained growth in Q2, citing expansion in datacenter and AI markets.

## SEC filing metadata
- accession: 0001451809-24-000108
- form_type: 8-K
- ticker: SITM
- cik: 0001451809
- company_name: SITIME Corp
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451809/000145180924000108/0001451809-24-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451809/000145180924000108/sitm-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451809-24-000108
- JSON: https://secwatch.observer/filing/0001451809-24-000108.json
- Plain text: https://secwatch.observer/filing/0001451809-24-000108.txt

## Key facts
- Earnings Releases
  SITIME Corp reported the first quarter ended March 31, 2024 results: revenue $33.0 million, net income GAAP net loss was $28.7 million, EPS $1.26 per diluted share.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $33.0 million
  - Net income: GAAP net loss was $28.7 million
  - EPS: $1.26 per diluted 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, 2024. Net revenue in the first quarter of 2024 was $33.0 million, a 22% decrease from $42.4 million in the prior quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451809/000145180924000108/0001451809-24-000108-index.htm

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