SiTime Reports Q3 2026 Revenue Up 257% to $298.7M and Announces 3-for-1 Stock Split

Executive Summary

On November 4, 2026, SiTime Corporation filed a Current Report on Form 8-K under Item 2.02 and Item 9.01, reporting its third-quarter 2026 financial results and announcing a 3-for-1 forward stock split. Fueled by rapid organic demand, AI infrastructure timing requirements, and the integration of TPD, quarterly net revenue surged 257% year-over-year to $298.7 million.

Q3 2026 Financial Highlights

• Net Revenue: $298.7 million, up 257.4% from $83.6 million in Q3 2025 and up 89.7% sequentially from $157.4 million in Q2 2026.
• Gross Margin:
  • GAAP Gross Profit: $154.1 million (51.6% margin), compared to $44.7 million (53.5%) in Q3 2025.
  • Non-GAAP Gross Profit: $211.1 million (70.7% margin).
• Operating Income:
  • GAAP Operating Income: $8.3 million, swinging from an operating loss of $(16.0) million in Q3 2025.
  • Non-GAAP Operating Income: $129.5 million.
• Net Income & EPS:
  • GAAP Net Income: $4.4 million, or $0.14 per diluted share (compared to a net loss of $(8.0) million, or $(0.31) per diluted share in Q3 2025).
  • Non-GAAP Net Income: $130.3 million, or $4.01 per diluted share.
• Nine-Month Overview: Total revenue for the nine months ended September 30, 2026, reached $569.7 million versus $213.4 million in the prior-year period, yielding GAAP net income of $17.3 million versus a $(52.1) million loss.

Key Operational Drivers & Stock Split Announcement

• Annualized Run Rate: Exited the quarter with an annualized revenue run rate surpassing $1.0 billion.
• AI Infrastructure & CED Growth: Core Communications, Enterprise, and Datacenter (CED) revenue expanded 202% year-over-year.
• TPD Integration: Management indicated the integration of TPD has progressed ahead of expectations across teams, products, and customer roadmaps.
• 3-for-1 Forward Stock Split:
  • Board approved a 3-for-1 split of common stock via an amendment to SiTime’s Amended and Restated Certificate of Incorporation.
  • Record Date: Close of market on Thursday, December 3, 2026.
  • Distribution Date: After market close on Friday, December 4, 2026 (two additional shares distributed per share held).
  • Split-Adjusted Trading: Expected to begin Monday, December 7, 2026.

Balance Sheet & Equity Inducements

• Liquidity: Cash, cash equivalents, and short-term investments stood at $324.3 million as of September 30, 2026.
• Inducement Plan Grants: Granted 47,976 RSUs under the 2022 Inducement Award Plan to 71 newly hired employees pursuant to Nasdaq Listing Rule 5635(c)(4).