secwatch.observer — SEC 8-K summary
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Issuer:     SITIME Corp (SITM)
CIK:        0001451809
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001451809-24-000218
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiTime Q2 revenue $43.9M (+58% YoY) beats outlook; non-GAAP EPS $0.12, GAAP loss $1.16/sh
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451809/000145180924000218/0001451809-24-000218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451809/000145180924000218/sitm-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001451809-24-000218

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer