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SiTime Corporation (SITM)
NASDAQ:SITM
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -19.23%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong revenue growth and significant achievements in product innovation and market expansion. Despite some concerns regarding gross margin decline and increased operating expenses, the overall performance and forecasts for 2025 are optimistic.Company Guidance
During the SiTime Fourth Quarter 2024 earnings call, the company provided detailed guidance and metrics for its performance and outlook. SiTime reported a 61% year-over-year revenue growth for Q4 2024 and an impressive 41% growth for the entire fiscal year, achieving a revenue of $202.7 million. The company's non-GAAP gross margins stood at 58.8% for Q4, slightly improved due to favorable product mix, and 58.2% for the full year. Non-GAAP operating expenses were $32.5 million in Q4, with R&D and SG&A expenses at $19.4 million and $13.1 million, respectively. The company generated a non-GAAP net income of $11.8 million, translating to $0.48 per share in Q4, while cash flow from operations was $13.6 million for the quarter. Looking ahead to Q1 2025, SiTime forecasts revenue between $53 million and $55 million, an increase of 64% year-over-year at the midpoint, with gross margins expected to be around 57%. The company anticipates non-GAAP EPS to be in the range of $0.09 to $0.13 per share. SiTime noted strong bookings for 2025, driven by demand across its customer segments, particularly in the communications, enterprise, and datacenter (CED) markets. The company is also targeting a long-term growth rate of 25% to 30% for the coming years, underpinned by its expanding product portfolio and strategic investments in innovation.Record Revenue Growth
Revenue for Q4 2024 grew 61% year-over-year, and full-year revenue increased by 41% to $202.7 million, surpassing the company's target.
Strong Performance Across Segments
The Communications, Enterprise, and Datacenter (CED) segment grew 156% year-on-year, contributing significantly to the overall growth.
Profitability and Cash Flow
Non-GAAP net income for the fiscal year was $22.2 million with earnings per share at $0.93. Cash flow from operations was $23.3 million.
Product Innovation and Market Leadership
Introduced 10 new platforms with 40 products since Q2 2023, targeting a diverse $10 billion timing market with high differentiation and high-value products.
Positive Outlook for 2025
Exited Q4 with strong bookings for 2025, expecting continued growth with a target of 25% to 30% growth for 2025 and 2026.
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SITM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SITM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $222.99 | $176.32 | -20.93% |
| Nov 06, 2024 | $189.52 | $225.51 | +18.99% |
| Aug 07, 2024 | $112.66 | $124.58 | +10.58% |
| May 08, 2024 | $96.92 | $124.34 | +28.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SiTime Corporation (SITM) report earnings?
SiTime Corporation (SITM) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is SiTime Corporation (SITM) earnings time?
SiTime Corporation (SITM) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SITM EPS forecast?
SITM EPS forecast for the fiscal quarter 2025 (Q1) is 0.11.
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