Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
SiTime Corporation (SITM)
NASDAQ:SITM
RESEARCH TOOLSreports
Holding SITM?
Track your performance easily
Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.42Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 06, 2020
|% Change Since: 3.84%
|Next Earnings Date:Feb 05, 2020
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with significant growth in revenue and key segments such as CED. The company is in a solid financial position with a positive outlook for the next quarter. However, there are challenges related to seasonal declines and gross margin improvements.Company Guidance
During SiTime's Q3 2024 earnings call, the company reported a 62% increase in revenue to $57.7 million, with net income reaching 17% of revenue. The communications, enterprise, and data center (CED) segment grew by 233% year-over-year, while the automotive, industrial, and aerospace market rose by 51%, and the mobile, IoT, and consumer segment increased by 14%. Non-GAAP gross margins improved to 58.1%, and non-GAAP operating expenses totaled $29.5 million. SiTime's Q4 guidance anticipates revenue between $63 million and $65 million, with non-GAAP EPS ranging from $0.39 to $0.45 per share. The company emphasized its leadership in precision timing for AI data centers and automotive applications, projecting continued growth and market penetration.Record Revenue Growth
Revenue for Q3 2024 grew by 62% to $57.7 million, with net income increasing to 17% of revenue. Each customer segment and region continued at least double-digit growth, with CED, Greater China, and EMEA growing at triple digits.
CED Segment Performance
Communications, Enterprise, and Data Center (CED) segment revenue grew over 200% year-over-year in Q3, and for FY '24, it will more than double.
Strong Financial Position
The company ended the quarter with $435 million in cash, cash equivalents, and short-term investments.
Positive Outlook for Q4
Q4 revenue is expected to be $63 million to $65 million, with non-GAAP gross margins in the range of 58% to 58.5%.
Automotive Market Expansion
The automotive SAM is now $400 million to $500 million, up from negligible at the time of IPO, with significant growth in ADAS and electric vehicles.
---
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
---
SITM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Feb 13, 2024 | $120.61 | $115.54 | -4.20% |
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.
---
FAQ
When does SiTime Corporation (SITM) report earnings?
SiTime Corporation (SITM) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is SiTime Corporation (SITM) earnings time?
SiTime Corporation (SITM) earnings time is at Feb 05, 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 2024 (Q4) is 0.42.
---