SiTime reports Q2 adjusted EPS 47c, consensus 28c

Reports Q2 revenue $69.5M, consensus $64.66M. “SiTime’s (SITM) continued momentum across our end markets demonstrates that our focus on high performance applications is working,” said Rajesh Vashist, CEO and chairman of SiTime. “Revenue from our Communications, Enterprise, and Data Center market (CED) grew 137% year over year, fueled by AI that created strong demand for our Precision Timing solutions.”