earnings
confidence high
sentiment positive
materiality 0.80
SiTime Q2 revenue $43.9M (+58% YoY) beats outlook; non-GAAP EPS $0.12, GAAP loss $1.16/sh
SITIME Corp
2024-Q2 EPS reported
-$2.42
revenue$76,888,000
- Revenue $43.9M, up 33% QoQ, 58% YoY, exceeding prior outlook; demand led by CED/AI segments.
- GAAP net loss $26.8M ($1.16/diluted share); non-GAAP net income $2.8M ($0.12/diluted share).
- Non-GAAP gross margin 57.7% vs GAAP 49.1%; GAAP OpEx $53.8M, non-GAAP $28.1M.
- Cash, equivalents & short-term investments $452.5M; paid $68.6M in Q2 for Aura transaction.