Live News • May 06
SiTime Pursues AI Data Center Growth With Elite 2 Timing Solution Targeting US$1.5b Market SiTime introduced the Elite 2 Super-TCXO on May 4, 2026, a high-precision timing solution aimed at improving GPU utilization and computational efficiency in AI data centers.
The Elite 2 is designed to deliver sub-nanosecond synchronization accuracy, described as 10x better than current industry targets for AI cluster timing.
SiTime is targeting a cumulative $1.5b market for this product by 2030, while recent insider selling over the past three months has drawn some investor attention.
For you as an investor, the key takeaway is that SiTime is leaning into AI data center demand with a product positioned around more accurate timing, which is a critical input for keeping large GPU clusters running efficiently. The company plans for the Elite 2 to reach commercial production by Q3 2026, so revenue impact, if any, would likely come after that point.
The stated $1.5b cumulative market target by 2030 gives a sense of the potential addressable opportunity, not a forecast of what SiTime will capture. At the same time, recent insider selling may prompt you to look more closely at filings to understand the size, frequency and context of those trades, and to compare them with longer-term ownership patterns rather than viewing them in isolation. Announcement • May 06
SiTime Corporation Announces Elite 2 Super-TCXO SiTime Corporation announced the Elite 2 Super-TCXO to increase GPU utilization and compute efficiency in AI data centers by delivering better time synchronization. The product targets a $1,500 million cumulative market by 2030. SiTime’s Elite 2 Super-TCXO delivers sub-nanosecond time synchronization across AI clusters, improving GPU utilization and compute efficiency. The industry is driving towards a target of 10 nanoseconds time synchronization across an AI cluster, down from 1 microsecond today. The device delivers sub-nanosecond synchronization, 10X better than target, which is enabled by its exceptional thermal and short-term stability. With these characteristics, Elite 2 minimizes time errors between GPUs, unlocking higher system utilization, greater throughput and better performance per watt. Elite 2 Super-TCXO delivers better synchronization in the industry's smallest footprint. Key features: 1 ns time synchronization accuracy—up to 100X better; ±2 ppb/°C dF/dT (frequency temperature slope)—up to 25X better; 6 × 10?¹² Allan Deviation (ADEV)—up to 8X lower; ±50 ppb frequency stability over -40 to 105°C—up to 4X better; 3.2 mm × 2.5 mm (8 mm²) footprint—up to 2X smaller; Digital frequency tuning simplifies timing-aware network design; Eliminates activity dips and micro jumps inherent in quartz technology; Resistant to shock, vibration and board bending. The Elite 2 Super-TCXO is sampling now, with commercial production expected in Third Quarter 2026. The Elite 2 Super-TCXO is available in 3.2 mm × 2.5 mm plastic and 5.0 mm × 3.2 mm ceramic packages. Part numbers: SiT5234, SiT5235, SiT5434 and SiT5435. Announcement • Apr 17
SiTime Corporation, Annual General Meeting, May 29, 2026 SiTime Corporation, Annual General Meeting, May 29, 2026. Location: meetnw.global/mtfptcc, United States Announcement • Apr 10
SiTime Corporation to Report Q1, 2026 Results on May 06, 2026 SiTime Corporation announced that they will report Q1, 2026 results After-Market on May 06, 2026 Announcement • Feb 05
SiTime Corporation (NasdaqGM:SITM) signed a definitive agreement to acquire Timing Business of Renesas Electronics America Inc. for $3 billion. SiTime Corporation (NasdaqGM:SITM) signed a definitive agreement to acquire Timing Business of Renesas Electronics America Inc. for $3 billion on February 4, 2026. Under the terms of the asset purchase agreement, SiTime Corporation will pay $1.5 billion in cash and will issue approximately 4.13 million shares of SiTime Corporation. The shares are subject to a potential adjustment and a collar determined by the 10-day volume weighted average price (“VWAP”) as of three trading days prior to the execution of the asset purchase agreement. The stock consideration will be paid in the form of newly issued SiTime common stock based on SiTime’s 10-day VWAP as of three trading days prior to closing, subject to a floor price of $308.6686 and a ceiling price of $417.6104. The business being acquired is the preeminent brand in clocking with a 30-year legacy of highly differentiated clocking products and an enviable financial profile. It has delivered sustained financial performance of approximately 70% gross margin. It serves over 10,000 customers, with nearly 75% of revenue in the AI-Datacenter-Comms segment and the remainder in industrial and automotive. In the 12 months following the close of the transaction, the business is expected to generate $300 million in revenue, catalyzed by SiTime’s sales and go-to-market expertise. Hidetoshi Shibata, CEO of Renesas, will join SiTime’s Board of Directors after the close of the transaction. The transaction will be financed with cash on hand and $900 million of fully committed debt financing from Wells Fargo Bank, N.A. In case of termination of the transaction, SiTime may be required to pay either $150 million or $75 million under specified circumstances to Renesas Electronics America Inc.
The transaction is subject to customary closing conditions and regulatory approvals. The deal has been unanimously approved by the board of directors of Renesas Electronics Corporation and SiTime Corporation. The transaction is expected to close by the end of 2026. The acquisition is expected to be accretive to SiTime’s non-GAAP earnings per share in the first year post-close.
Qatalyst Partners, L.P. acted as financial advisor to SiTime Corporation. Rishab Kumar and Steve Tonsfeldt of Cooley LLP acted as legal advisor to SiTime Corporation. JPMorgan Chase & Co. acted as financial advisor to Renesas Electronics America Inc. Jon A. Olsen and Sara M. Carian of Sidley Austin LLP acted as legal advisor to Renesas Electronics America Inc. Announcement • Feb 03
SiTime Corporation Reportedly Nears $3 Billion Acquisition of Renesas Electronics’ Timing Unit SiTime Corporation (NasdaqGM:SITM) is nearing an agreement to acquire Renesas Electronics Corporation's (TSE:6723) timing unit in a deal that could be worth about $3 billion, according to people familiar with the matter. Santa Clara, California-based SiTime is putting the final touches on a purchase of the Renesas division, which makes the clocks that synchronize signals in wireless infrastructure, the people said, asking not be identified because the discussions aren’t public. The companies could reach an agreement as soon as February 5, 2026, when Renesas is scheduled to report its full-year earnings, the people said, adding that negotiations are ongoing and could still fall apart. Representatives for SiTime and Renesas didn’t immediately respond to requests seeking comment. SiTime specializes in silicon oscillators and resonators that keep complex circuits in sync inside artificial intelligence data centers. Nintendo Co. supplier MegaChips Corp., based in Osaka, holds a stake in SiTime. A deal for the Renesas unit would represent SiTime’s largest acquisition to date, according to data compiled by Bloomberg. The companies have been in talks about a potential transaction, people familiar with the matter have said. A sale of the unit would give Renesas more funds to chase acquisitions in high-growth areas and move toward a platform-based business. Announcement • Jan 22
SiTime Corporation Appoints Faraj Aalaei to Its Board of Directors SiTime Corporation has expanded the company’s Board of Directors with the appointment of Mr. Faraj Aalaei, founder, chairman and CEO of Cognichip Inc. Mr. Aalaei’s exemplary career is marked by groundbreaking contributions as a technology innovator, leading critical advancements from developing the world’s first optical ring communication system to pioneering solutions for cable modems, broadband DSL and autonomous driving Ethernet communications. Holding multiple patents and an honorary doctorate in Engineering, Mr. Aalaei’s academic achievements include degrees from Wentworth Institute of Technology, the University of Massachusetts, and the University of New Hampshire. In 2024, he was honored with the prestigious United States Ellis Island Medal of Honor. Announcement • Jan 15
SiTime Corporation to Report Q4, 2025 Results on Feb 04, 2026 SiTime Corporation announced that they will report Q4, 2025 results After-Market on Feb 04, 2026 Announcement • Dec 04
SiTime Corporation Takes on GNSS Threats, Unveiling Jamming- and Spoofing-Resilient Precision Timing Solution SiTime Corporation launched the Endura® temperature compensated oscillator (Super-TCXO®), ENDR-TTT, for position, navigation and timing (PNT) applications. Engineered for superior holdover – uninterrupted operation when GNSS is not available – and resistance to jamming and spoofing, ENDR-TTT is an ultra-stable, low-power product for GNSS receivers in aerospace, defense, and industrial markets. When GNSS signals are dropped due to unavailability or degradation—including signal jamming or extreme environmental conditions—holdover maintains timing stability locally to enable uninterrupted network operation. The ENDR-TTT Endura Super-TCXO provides up to 20x longer holdover and 20x better PNT accuracy, dramatically improving spoofing resistance. Additional features for SiTime ENDR-TTT Endura Super-TCXO include: ±50 ppb stability over temperature (FvT); up to 10x better frequency stability over temperature versus quartz alternatives. -55ºC to +125ºC operating temperature range. 30,000 g operational shock; up to 20x better resistance to shock. 0.004 ppb/g typical g-sensitivity; up to 50x better than quartz alternatives. ±0.5 ppm 20-year aging—eliminates field recalibration. Optional I2C/SPI digital pulling capability for system frequency fine-tuning. Availability: SiTime’s ENDR-TTT is sampling now. Mass production is expected in First Quarter 2026. Announcement • Dec 03
SiTime Reportedly in Talks to Acquire Renesas’s Timing Division SiTime Corporation (NasdaqGM:SITM), which specializes in chips that keep circuits in sync inside data centers, is in talks to acquire Renesas Electronics Corporation's (TSE:6723) timing unit, according to people familiar with the matter. Santa Clara, California-based SiTime is discussing the terms of a potential deal for the Renesas division, which manufactures the clocks that synchronize the signals in wireless infrastructure, networking and data centers, the people said. If a deal is struck, it could value the timing business at up to $2 billion, including debt, the people said, asking not to be identified discussing confidential information. Negotiations between the two parties are ongoing and there’s no certainty they’ll result in an agreement, the people said. Another suitor could also emerge or terms of the deal could change, they added. A representative for SiTime didn’t respond to requests for comment, while a Renesas spokesperson declined to comment. Reuters previously reported on the Japanese company’s plans to sell the unit. Announcement • Oct 18
SiTime Corporation Announces Board Changes, Effective October 16, 2025 On October 16, 2025 Mr. Tom Yiu, a Class II director of the Board of Directors of SiTime Corporation notified the Board of his intention to resign as a member of the Board, effective as of October 16, 2025 prior to the appointment of his successor to the Board. Mr. Yiu’s resignation was not the result of a disagreement with the Company or the Board on any matter relating to the Company’s operations, policies, or practices. On October 16, 2025, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Ganesh Moorthy as a Class I director for a term expiring at the Company’s 2026 Annual Meeting of Stockholders, effective October 16, 2025. Mr. Moorthy’s appointment fills the vacancy created by Mr. Yiu’s resignation. Mr. Ganesh Moorthy, age 65, has served as the Chair of the board of directors of Ralliant Corporation, since June 2025. Mr. Moorthy served as the Chair Designate for Ralliant from February 2025 to June 2025, prior to Ralliant’s spin-out from Fortive Corporation in June 2025. Mr. Moorthy served as the President and Chief Executive Officer of Microchip Technology Inc., from March 2021 to November 2024 when he retired from these roles and served as a member of the board of directors of Microchip from January 2021 to November 2024. He served as President and Chief Operating Officer of Microchip, from February 2016 to February 2021, and served in various leadership roles at Microchip between November 2001 and February 2016. Since December 2023, Mr. Moorthy has served as a member of the boards of directors of Celanese Corporation, and Ayar Labs Inc. Mr. Moorthy served as a member of the board of directors of Rogers Corporation, from July 2013 to January 2024. Mr. Moorthy holds a B.S. in Physics from the University of Bombay, a B.S. in Electrical Engineering from the University of Washington, and an MBA, Marketing, from National University. Announcement • Oct 09
SiTime Corporation to Report Q3, 2025 Results on Nov 05, 2025 SiTime Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Sep 19
SiTime Corporation Enters $4B Resonator Market with Titan Platform SiTime Corporation launched the Titan Platform, a breakthrough family of MEMS resonators that are at least 4x smaller than the smallest legacy quartz alternatives. Titan enables unprecedented miniaturization and integration in small, battery-powered, connected devices, powering the next wave of innovation in wearables, medical devices, smart home and industrial IoT. Titan expands SiTime's Serviceable Addressable Market (SAM) by $400 million now, growing to $1 billion annually within three years. Titan is built on SiTime's sixth-generation MEMS technology, FujiMEMS™?, delivering unmatched size, performance and reliability. Built for Integration. Designed for Disruption. In electronic systems, resonators are the heartbeat of the clock tree. Titan offers two flexible implementation paths: PCB-mounted for rapid adoption. Bare die co-packaging with SoCs or MCUs, eliminating the need for a discrete resonator on the board. This flexibility allows OEMs and semiconductor partners to shrink product size and add new features for superior designs. Real-world Applications: Titan is engineered for the most demanding edge applications: Wearables: Smartwatches, fitness bands, continuous glucose monitors, smart eyewear, and fitness rings benefit from Titan's ultra-small footprint and low power. Medical Devices: Hearing aids, implantables and biosensors gain longer battery life and better reliability. Smart Home & Industrial IoT: Sensors and asset trackers become more compact, rugged, and power-efficient. Titan is built on Si time: 0505 CSP (0.46 x 0.46 mm)--7x smaller PCB area than 1210 quartz, 4x smaller than 1008 quartz. Up to 50% lower oscillator circuit power. Up to 3x faster startup with 3x lower startup energy. Up to 5x better aging stability and specified for 5 years at the maximum temperature. Tighter stability across wide temperature ranges up to -40degC to 125degC. Up to 50x better shock and 50x better vibration resilience. Availability: Titan SiT11100 (32 MHz): production samples available now. Titan SiT11101 (76.8 MHz), SiT11102 (38.4 MHz), SiT11103 (48 MHz) and SiT11104 (40 MHz): engineering samples will be available starting December 15, 2025. Announcement • Jul 10
SiTime Corporation to Report Q2, 2025 Results on Aug 06, 2025 SiTime Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • Jul 02
SiTime Corporation Enhances AI Data Center Performance and Utilization with TimeFabric Software Suite SiTime Corporation announced its TimeFabric™? software suite. TimeFabric, combined with SiTime's oscillators and clocks, delivers up to 9X more accurate time synchronization than quartz-based solutions, enabling higher system performance and utilization in AI data centers. The TimeFabric software suite consists of two modules: IEEE 1588 standards-compliant synchronization software, as well as proprietary technology to extend critical holdover performance to 24 hours. TimeFabric, combined With SiTime's oscillators and clock, delivers up to 9X More accurate time synchronization than quartz- based solutions, enabling higher system performance & utilization in AI data centers - under harsh environmental conditions. In addition to AI data center applications such as smart network interface cards (SmartNIC), switches, routers and accelerators, TimeFabric can also be used in 5G infrastructure, including remote radio units and base stations, fixed wireless access (FWA) equipment and core network equipment. The Time Fabric software suite has two software modules: IEEE 1588 Precision Time Protocol (PTP) Standards-compliant Servo and Stack. SiTime's proprietary servo and software stack for IEEE 1588 precision time protocol (PTP) with sub-nanosecond synchronization accuracy delivers tighter control and greater timing stability over generic IEEE 1588 solutions, even in the most demanding network systems. Network architects gain flexibility in network traffic scheduling and load balancing, which will result in higher utilization. Holdover Extension Software: TimeFabric's proprietary holdover extension software can be used to enhance the functionality of SiTime's precision devices with in-field software upgrades. The holdover extension software delivers up to 24 hours of holdover, essential to mobile and network infrastructure reliability - a stringent requirement for critical infrastructure. This ensures full operation in the event of GNSS outages or network clock failure. Additional features include: IEEE 1588-2019 compliant - meets ITU-T G.8273.2 Class D: Full timeTransmitter and timeReceiver capability. Hardware timestamping support. Device drivers for SiTime network synchronizers. IEEE 1588 management support. 2X longer holdover: Up to 24 hours holdover with SiT5811, SiT5812 or SiT7101. Availability: TimeFabric is now available for SiTime OCXOs, TCXOs and network synchronizers. Announcement • Jun 26
SiTime Corporation has completed a Follow-on Equity Offering in the amount of $350 million. SiTime Corporation has completed a Follow-on Equity Offering in the amount of $350 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,750,000
Price\Range: $200
Discount Per Security: $7 Announcement • Jun 25
SiTime Corporation has filed a Follow-on Equity Offering in the amount of $350 million. SiTime Corporation has filed a Follow-on Equity Offering in the amount of $350 million.
Security Name: Common Stock
Security Type: Common Stock Announcement • May 07
SiTime Corporation Announces Symphonic Mobile Clock Generator Enables Advanced Wireless Connectivity SiTime Corporation announced Symphonic™, its first mobile clock generator with an integrated MEMS resonator (SiT30100). Symphonic provides accurate and resilient clock signals for 5G and GNSS chipsets and enables efficient power consumption in mobile and IoT devices such as smartphones, tablets, laptops, and asset trackers. This product unlocks a cumulative $2 billion served addressable market (SAM) in the next five years. Symphonic SiT30100 delivers superior thermal resilience in a tiny footprint; unlocks $2 billion SAM over the next five years. The Symphonic clock generator has an integrated MEMS resonator and provides the functionality of up to four discrete timing devices. This approach simplifies system design, reducing space on the board. An integrated temperature sensor delivers accurate information that is used by compensation algorithms to provide superior stability. This enables better GPS accuracy and faster lock time at the system level, delivering a more stable performance under harsh environmental conditions. Symphonic key features (SiTime30100): 4-output clock generator providing 76.8 MHz, 38.4 MHz or 19.2 MHz from any output for baseband, RF and GNSS applications. Integrated MEMS resonator, which eliminates an external resonator, and provides a smaller, single-chip solution which is only 2.22 mm2 in area. Integrated high-precision temperature-to-digital converter (TDC) with single-wire Universal Asynchronous Receiver/Transmitter (UART) interface for system-level temperature compensation to achieve frequency stability as low as +-0.5ppm. Superior performance and dynamic stability under airflow and thermal shock. Multiple Output Enable pins to turn on and off clock outputs for system power optimization and electromagnetic interference (EMI) reduction. -30degC to +90degC operating temperature range (contact SiTime for wider temperature ranges). Announcement • Apr 17
SiTime Corporation, Annual General Meeting, May 30, 2025 SiTime Corporation, Annual General Meeting, May 30, 2025. Location: meetnow.global/mfkflay., United States Announcement • Apr 10
SiTime Corporation to Report Q1, 2025 Results on May 07, 2025 SiTime Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Feb 08
SiTime Corporation Provides Earnings Guidance for the First Quarter of 2025 SiTime Corporation provides earnings guidance for the first quarter of 2025. For the quarter, the company expects typical seasonality in First Quarter with revenue of $53 million to $55 million, an increase of 64% year-over-year at the midpoint. Interest income of roughly $4 million to $4.5 million. Announcement • Jan 16
SiTime Corporation Announces the Differential-Ended SiT5977 Super-TCXO SiTime Corporation announced the differential-ended SiT5977 Super-TCXO, the newest member of the SiTime Elite RF family. This is the only single-chip timing solution that delivers the most resilient performance for AI compute-nodes with high bandwidth and network synchronization. Applications include smart network interface cards (Smart NICs), acceleration cards, switches and compute nodes in the $200 billion datacenter infrastructure market. An AI cluster’s efficiency results in lower total cost of ownership (TCO) and energy consumption. Efficient clusters require high-bandwidth interconnects and tightly synchronized orchestration to minimize AI accelerator idle time. Tighter synchronization also provides precise network telemetry for AI operations. This network telemetry improves performance and reliability by identifying and mitigating underperforming hardware before it fails. The SiT5977 replaces multiple timing components. It optimizes the efficiency of AI compute clusters with 3X tighter synchronization for data transmission and communications in real-world environments. In addition, its 4X smaller size, compared to competing architectures, enables larger processors in compact systems. This allows system architects to fully leverage high-speed 800G bandwidth network connectivity and maximize utilization of the AI cluster. SiTime SiT5977 Timing Solution Simplifies AI System Architecture: The SiT5977 Super-TCXO streamlines AI system architecture. This new timing chip is an ultra-stable, low-jitter TCXO with the industry’s highest frequency differential output. This chip further integrates digital control to provide additional system-level programmability. Key features: Environmentally robust with ±1 ppb/°C frequency slope (dF/dT) for optimum performance under airflow, thermal shock. Capable of driving 800G and higher links via 80 fs phase jitter and LVDS outputs. Enables embedded control loops with precise digital tuning of output frequency (DCTCXO), ±400 ppm pull range and 0.05 ppt (5e-14) resolution via I2C/SPI. Eliminates link flaps from quartz timing activity dips or micro jumps. Resistant to shock, vibration and board bending. Eliminates external LDOs via on-chip voltage regulators. 156.25 MHz output frequency enabling high-speed SerDes and 800G links. Availability: The SiT5977 Super-TCXO is in production and samples are available now. Announcement • Jan 08
SiTime Corporation to Report Q4, 2024 Results on Feb 05, 2025 SiTime Corporation announced that they will report Q4, 2024 results After-Market on Feb 05, 2025 Announcement • Oct 09
SiTime Corporation to Report Q3, 2024 Results on Nov 06, 2024 SiTime Corporation announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Announcement • Jul 12
SiTime Corporation to Report Q2, 2024 Results on Aug 07, 2024 SiTime Corporation announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Recent Insider Transactions Derivative • May 26
Independent Director notifies of intention to sell stock Katherine Schuelke intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of May. If the sale is conducted around the recent share price of US$123, it would amount to US$615k. Since June 2023, Katherine has owned 16.01k shares directly. Company insiders have collectively sold US$9.4m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 24
Executive VP recently sold US$439k worth of stock On the 21st of May, Vincent Pangrazio sold around 3k shares on-market at roughly US$127 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.0m more than they bought in the last 12 months. Recent Insider Transactions Derivative • May 23
Executive VP notifies of intention to sell stock Vincent Pangrazio intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of May. If the sale is conducted around the recent share price of US$127, it would amount to US$439k. Since September 2023, Vincent's direct individual holding has increased from 18.40k shares to 18.55k. Company insiders have collectively sold US$8.2m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 15
Executive VP recently sold US$346k worth of stock On the 9th of May, Vincent Pangrazio sold around 3k shares on-market at roughly US$125 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.2m more than they bought in the last 12 months. Recent Insider Transactions Derivative • May 12
Executive VP notifies of intention to sell stock Vincent Pangrazio intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of May. If the sale is conducted around the recent share price of US$125, it would amount to US$346k. Since June 2023, Vincent's direct individual holding has increased from 18.10k shares to 21.31k. Company insiders have collectively sold US$7.6m more than they bought, via options and on-market transactions in the last 12 months. Announcement • May 10
SiTime Corporation Provides Financial Guidance for the Second Quarter of 2024 SiTime Corporation provided financial guidance for the second quarter of 2024. For the quarter, the company expects revenue of $40 million to $42 million, an increase of 21% to 27% sequentially. Reported Earnings • May 09
First quarter 2024 earnings released: US$1.26 loss per share (vs US$0.76 loss in 1Q 2023) First quarter 2024 results: US$1.26 loss per share (further deteriorated from US$0.76 loss in 1Q 2023). Revenue: US$33.0m (down 14% from 1Q 2023). Net loss: US$28.7m (loss widened 74% from 1Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Apr 11
SiTime Corporation to Report Q1, 2024 Results on May 08, 2024 SiTime Corporation announced that they will report Q1, 2024 results After-Market on May 08, 2024 Major Estimate Revision • Feb 20
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$196.4m to US$176.7m. Forecast losses increased from -US$2.01 to -US$2.89 per share. Semiconductor industry in the US expected to see average net income growth of 12% next year. Consensus price target up from US$142 to US$145. Share price fell 14% to US$104 over the past week. Reported Earnings • Feb 15
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$3.63 loss per share (down from US$1.10 profit in FY 2022). Revenue: US$144.0m (down 49% from FY 2022). Net loss: US$80.5m (down 446% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jan 24
SiTime Corporation to Report Q4, 2023 Results on Feb 13, 2024 SiTime Corporation announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 Recent Insider Transactions • Dec 18
Executive VP recently sold US$382k worth of stock On the 14th of December, Vincent Pangrazio sold around 3k shares on-market at roughly US$125 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Dec 17
Executive VP notifies of intention to sell stock Vincent Pangrazio intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of December. If the sale is conducted around the recent share price of US$125, it would amount to US$382k. Since March 2023, Vincent's direct individual holding has increased from 18.23k shares to 20.31k. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Dec 08
SiTime Corporation Announces its Endura Epoch Platform™ Built for Robust and Resilient Positioning, Navigation and Timing (PNT) Services Critical in Defense Operations SiTime Corporation announced its Endura Epoch Platform™ built for robust and resilient positioning, navigation and timing (PNT) services critical in defense operations. The ruggedized MEMS oven-controlled oscillator (OCXO) boosts the resilience of PNT systems and other equipment, such as radars, field and airborne radios, satcom terminals and avionics against spoofing, jamming and other disruptions in Global Positioning System (GPS) signals. Based upon the transformative precision timing innovations of the Epoch Platform launched in September 2023, the Endura Epoch MEMS OCXOs are specifically designed to meet the challenging shock and vibration conditions found in aerospace and defense. These devices are manufactured using proven semiconductor processes that deliver the reliability and quality expected from silicon devices that cannot be achieved by quartz crystal OCXOs, especially in extreme conditions. Key Features of SiTime Endura Epoch Platform: The Endura Epoch Platform MEMS OCXO greatly simplifies timing system design due to superior performance and delivers a significant improvement in size, weight and power (SWaP). Key features and benefits compared to quartz crystal OCXOs include: Programmable frequencies from 10 to 220 MHz; Up to 70X better g-sensitivity; Up to 30X better reliability; Rated at 20,000 g shock survivability, up to 20X better; Up to 20X better frequency stability over temperature; Up to 3X better Allan deviation, a measure of short-term frequency stability; Surface-mountable, small footprint and low height 9.0 mm x 7.0 mm x 3.6 mm; Low 0.35 g weight, up to 300X lower; 420 mW steady state power, up to 2X lower. Availability: Endura Epoch Platform MEMS OCXO samples will be available for selected customers early in 2024. Announcement • Oct 05
SiTime Corporation to Report Q3, 2023 Results on Nov 01, 2023 SiTime Corporation announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Recent Insider Transactions • Sep 07
Insider recently sold US$386k worth of stock On the 30th of August, Lionel Bonnot sold around 3k shares on-market at roughly US$131 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.6m. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Sep 07
Insider notifies of intention to sell stock Lionel Bonnot intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of August. If the sale is conducted around the recent share price of US$132, it would amount to US$387k. Since December 2022, Lionel's direct individual holding has increased from 5.87k shares to 7.45k. Company insiders have collectively sold US$9.9m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 31
Executive VP & CFO recently sold US$650k worth of stock On the 28th of August, Arthur Chadwick sold around 5k shares on-market at roughly US$127 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$1.6m. Arthur has been a net seller over the last 12 months, reducing personal holdings by US$4.2m.