Welcome to our dedicated page for SiTime news (Ticker: SITM), a resource for investors and traders seeking the latest updates and insights on SiTime stock.
SiTime Corporation reports news about its Precision Timing business, including semiconductor MEMS programmable solutions used to provide timing functionality for electronics. Company updates cover product introductions such as Elite 2 Super-TCXO, applications in AI data centers, automated driving, industrial and humanoid robots, wearables and IoT, and developments across the company’s fabless timing-systems model.
Recurring SiTime news also includes quarterly and annual financial results, conference participation, governance changes, and material corporate events. Coverage centers on revenue trends, GAAP and non-GAAP operating metrics, product positioning against quartz timing technologies, and board-level updates for the Nasdaq-listed semiconductor company.
SiTime Corporation (Nasdaq: SITM) has announced a proposed follow-on public offering of $350 million worth of common stock shares. The company will also grant underwriters a 30-day option to purchase up to an additional $52.5 million in shares.
The offering will be managed by UBS Investment Bank and Stifel as joint lead book-running managers, with Needham & Company serving as an additional joint book-running manager. The offering follows a registration statement filed with the SEC on February 26, 2024, and will be conducted through a prospectus supplement and accompanying prospectus.
SiTime Corporation (SITM) has launched Symphonic™ (SiT30100), its first mobile clock generator with an integrated MEMS resonator. The product targets a $2 billion served addressable market (SAM) over the next five years. The clock generator provides accurate timing signals for 5G and GNSS chipsets in mobile and IoT devices.
The Symphonic clock generator features a 4-output design delivering frequencies of 76.8 MHz, 38.4 MHz, or 19.2 MHz, integrated with a MEMS resonator in a compact 2.22 mm² area. Key features include an integrated temperature sensor, superior thermal resilience, and system power optimization capabilities. The device operates in temperatures from -30°C to +90°C and is designed to enhance GPS accuracy and lock time while maintaining stable performance under harsh conditions.
SiTime (SITM) has scheduled the release of its first quarter 2025 financial results for Wednesday, May 7, 2025, after market close. The precision timing company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) featuring CEO Rajesh Vashist and CFO Beth Howe to discuss the quarterly results.
The company will provide a live audio webcast of the conference call, which will be archived for approximately 90 days on SiTime's Investor Relations website. Analysts and investors interested in participating via phone must complete an advanced registration to receive a dedicated PIN and dial-in number.
SiTime (Nasdaq: SITM), the Precision Timing company, has announced its participation in the upcoming Morgan Stanley Technology, Media & Telecom Conference. The event will take place at the Palace Hotel in San Francisco, CA.
Key details:
- CEO Rajesh Vashist and CFO Beth Howe will represent SiTime
- The company will host a fireside chat on Tuesday, March 4, 2025, at 4:50 p.m. PST
- Investors can access both live and archived versions of the fireside chat through the Events section of SiTime's Investor Relations website
SiTime (SITM) reported strong Q4 2024 financial results with net revenue of $68.1 million, up 18% quarter-over-quarter and 61% year-over-year. Full-year 2024 revenue reached $202.7 million, a 41% increase from 2023.
Q4 2024 showed mixed results with GAAP metrics reporting a loss from operations of $23.0 million and net loss of $18.8 million ($0.80 per share). However, non-GAAP figures were positive with income from operations of $7.6 million and net income of $11.8 million ($0.48 per share).
The company reported over 30% growth across all customer segments, with significant gains in Communications, Enterprise, and Datacenter business. Total cash and equivalents stood at $418.8 million as of December 31, 2024. The quarter included a $7.3 million payment related to the Aura transaction.
SiTime (NASDAQ: SITM) has introduced the SiT5977 Super-TCXO®, a new differential-ended timing solution for AI datacenters. This single-chip solution delivers 3X better synchronization and 800G network connectivity in a 4X smaller footprint compared to competing architectures.
The product targets applications in smart network interface cards, acceleration cards, switches, and compute nodes within the $200 billion datacenter infrastructure market. The SiT5977 features ±1 ppb/°C frequency stability, 80 fs phase jitter, and LVDS outputs. It includes digital control for system-level programmability and operates at 156.25 MHz output frequency.
This innovation addresses the growing demands of AI workloads in datacenters, which IDC projects will grow at a 40.5% CAGR through 2027. The solution aims to optimize AI compute cluster efficiency, potentially leading to lower total cost of ownership and reduced energy consumption.
SiTime (Nasdaq: SITM), known for its precision timing solutions, will release its fourth quarter 2024 financial results on February 5, 2025, after market close. The announcement will be followed by a conference call hosted by CEO Rajesh Vashist and CFO Beth Howe at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
Analysts and investors can join the call via a live webcast or by registering for a dedicated dial-in number and PIN. The webcast will be archived for approximately 90 days on SiTime’s Investor Relations website.
SiTime (Nasdaq: SITM), the Precision Timing company, has announced its participation in the 27th Annual Needham Growth Conference on January 17, 2025. CEO Rajesh Vashist and CFO Beth Howe will represent the company, conducting a fireside chat scheduled for 1:30 p.m. EST.
The executives will also hold virtual meetings with conference investors. Interested parties can access both live and archived versions of the fireside chat through the Events section of SiTime's Investor Relations website.
SiTime (Nasdaq: SITM) announced its participation in the Raymond James TMT and Consumer Conference at the Lotte Palace Hotel in New York, NY. The company's management will conduct a fireside chat on Tuesday, December 10, 2024, at 10:00 a.m. EST and meet with investors throughout the day. The event will be accessible via live and archived webcast through the Events section of SiTime's Investor Relations website.