Record Revenue Growth
Revenue for Q1 2025 was $60.3 million, representing an 83% increase year-over-year, driven by strength in all segments.
Strong Performance in Data Center Segment
Sales to the communications, enterprise, and data center (CED) customer segment were $29.3 million, up 198% year-over-year.
Growth in Mobile, IoT, and Consumer Segments
Sales into the mobile, IoT, and consumer customer segment were $16.9 million, up 64% year-over-year.
Significant Customer Growth
Sales to SiTime's largest customer increased 76% year-over-year to $11.1 million.
Positive Outlook for Q2 2025
Revenue is expected to grow 45% to 50% year-on-year for Q2 2025.
Strong Cash and Financial Position
SiTime ended the quarter with $398.9 million in cash and short-term investments and no debt.
Sustainable Advantage in Clocking Business
SiTime has launched three new clocking products and expects significant growth in clocking revenue.