Gold bars to be exempt from tariffs, White House clarifies
Investing.com -- SiTime Corporation (NASDAQ:SITM) reported second quarter earnings that exceeded analyst expectations, driven by strong demand for its precision timing solutions in AI applications. The company’s shares rose 2.1% following the announcement.
The precision timing company posted adjusted earnings per share of $0.47 for the second quarter ended June 30, 2025, significantly beating the analyst estimate of $0.21. Revenue came in at $69.5 million, surpassing the consensus estimate of $57.79 million and representing a 58.3% increase YoY from $43.9 million.
"SiTime’s 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."
The company reported non-GAAP gross profit of $40.5 million, or 58.2% of revenue, while non-GAAP income from operations was $7.2 million for the quarter. On a GAAP basis, SiTime posted a net loss of $20.2 million, or -$0.84 per diluted share.
SiTime ended the quarter with a strong financial position, reporting total cash, cash equivalents, and short-term investments of $796.7 million as of June 30, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.