SiTime Q2 revenue $157.4M (+127% YoY); completes Renesas timing acquisition

SITIME Corp

Q2 net revenue $157.4M, up 127% YoY from $69.5M; GAAP net income $18.2M ($0.66 diluted EPS).
Non-GAAP net income $65.6M ($2.34 diluted EPS); non-GAAP gross margin 67.1%.
Completed acquisition of Renesas Timing Business on July 1, adding over 550 clocking products.
Cash, equivalents and short-term investments $1,921M, including proceeds from convertible notes used for acquisition.
CEO: every segment grew at least 50%, CED segment grew 181%.

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