SiTime Corporation Reports Strong Revenue Growth in Q1 2025

Sitime Corporation ( (SITM) ) has released its Q1 earnings. Here is a breakdown of the information Sitime Corporation presented to its investors.

SiTime Corporation is a leading company in the precision timing industry, specializing in semiconductor MEMS programmable solutions that enhance product performance, size, power efficiency, and reliability.

In its first quarter of 2025, SiTime Corporation reported a significant increase in net revenue, reaching $60.3 million, an 83% rise compared to the same period last year. This growth underscores the company’s strong market position and customer interest in its innovative products such as the Elite RF Super-TCXO and Symphonic mobile clock generator.

Key financial highlights include a GAAP gross profit of $30.3 million, representing 50.3% of revenue, and a GAAP net loss of $23.9 million, or $1.01 per diluted share. On a non-GAAP basis, SiTime achieved a gross profit of $34.6 million, or 57.4% of revenue, and a net income of $6.3 million, or $0.26 per diluted share. The company also reported total cash, cash equivalents, and short-term investments of $398.9 million.

Despite the GAAP net loss, SiTime’s non-GAAP financial performance reflects a positive operational trajectory, with non-GAAP income from operations amounting to $2.1 million. The company continues to invest in research and development, with expenses totaling $30 million, highlighting its commitment to innovation and market leadership.

Looking ahead, SiTime anticipates continued strong growth in the second quarter, driven by robust demand for its precision timing solutions across various end markets. The company remains focused on leveraging its technological advancements to sustain its competitive edge and drive future performance.