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 (SITM) is a Nasdaq-listed semiconductor company that describes itself as the Precision Timing company. Its news flow centers on MEMS-based programmable timing solutions, including oscillators, clocks, and resonators that support precise timing in communications, data center, aerospace, defense, industrial, wearable, medical, and IoT applications.
On this page, readers can follow SiTime’s financial announcements, such as quarterly earnings results and revenue trends, which the company reports through press releases and accompanying conference calls. These updates often include both GAAP and non-GAAP metrics, along with explanations of adjustments like stock-based compensation and amortization of acquired intangibles.
SiTime’s news also highlights product launches and technology milestones. Examples include the Endura Super-TCXO ENDR-TTT for GNSS-based PNT applications in aerospace, defense, and industrial markets, and the Titan Platform, a family of MEMS resonators built on the company’s FujiMEMS technology for highly integrated, small, battery-powered devices. Such announcements describe performance characteristics, implementation options, and target use cases across edge and high-performance systems.
Investors will also find corporate and governance updates, including board changes disclosed in coordination with SEC filings, and participation in investor conferences where management hosts fireside chats and meets with institutional investors.
By reviewing the news feed for SITM, users can track how SiTime communicates its Precision Timing strategy, product roadmap, end-market focus, and capital markets activities over time. Bookmark this page to quickly access the latest company-issued press releases and related market communications about SiTime Corporation.
SiTime Corporation (NASDAQ: SITM) has introduced two new Endura™ precision timing oscillator families designed for aerospace-defense applications. These ruggedized devices promise up to 5x better stability and 10x better environmental resilience, making them ideal for harsh conditions. The Endura ultra-stable Super-TCXO® offers ±10 ppb frequency stability, while the low-jitter differential oscillator ensures optimal communication reliability. Both families are currently sampling, with full production expected by March and July 2023. SiTime's innovative technology aims to enhance design simplicity and reduce troubleshooting time for engineers.
SiTime Corporation (Nasdaq: SITM) will release its fourth quarter 2022 financial results on February 1, 2023, after market close. The company’s CEO, Rajesh Vashist, and CFO, Art Chadwick, will host a conference call at 2:00 p.m. PT to discuss these results. Investors and analysts can register for the call to receive dial-in details. SiTime is a leader in precision timing solutions, having shipped over 3 billion devices, and aims to enhance product performance with compact solutions that offer lower power consumption and increased reliability.
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SiTime Corp. (NASDAQ: SITM) has launched the Elite RF Super-TCXO, a precision timing platform designed for 5G and satellite communications. This new technology simplifies wireless infrastructure by integrating clocking functions, enhancing bandwidth and reducing latency. The Elite RF is expected to expand SiTime's serviceable addressable market (SAM) by $150 million, addressing applications such as small cells and remote radio units. Additionally, it offers 30x higher reliability and 20x better environmental resilience compared to mini-OCXOs.
SiTime Corporation (NASDAQ: SITM) has announced that AMD is utilizing its MEMS precision timing solutions for the Alveo X3 series network cards, specifically designed for low latency electronic trading. The SiT95145 Cascade clock system on a chip will generate all clocks for the Alveo X3 NIC, enhancing performance for high-speed networks and stock exchanges. The collaboration aims to meet the demands of financial firms needing ultra-low-latency trade execution and risk management. SiTime's technology promises improved reliability and greater design efficiency for clients.
SiTime Corp. (NASDAQ: SITM) has introduced the SiT5503 Elite X™ Super-TCXO, designed to enhance timing performance in data centers and 5G infrastructure. This breakthrough precision timing solution is anticipated to capture $200M of the $1.3 billion market by 2024. It offers features like ±5 ppb stability, a compact size of 7.0 mm x 5.0 mm, and only 110 mW power consumption. The product is available for sampling now, with mass production expected in the first half of 2023.
SiTime Corp. (NASDAQ: SITM) will participate in the International Timing and Sync Forum (ITSF) from November 7 to 10 in Düsseldorf, Germany. The event is a significant gathering for precision timing solutions across various sectors, including automotive and aerospace. SiTime will present advancements in TCXO technology and host a webinar on durable timing in emerging applications. Jeff Gao, VP of Product Marketing, will speak on November 10, 2022. SiTime offers programmable timing solutions that enhance product performance and reliability.
SiTime Corporation (Nasdaq: SITM) reported third-quarter 2022 financial results, posting net revenue of $73.1 million, which reflects a 16.0% increase year-over-year but an 8.0% decline from the previous quarter. Gross margins stood at 64.7%, with GAAP net income of $5.8 million or $0.26 per diluted share. Non-GAAP net income was $21.9 million or $0.97 per diluted share. The company has cash and cash equivalents totaling $41.6 million, with short-term investments amounting to $522.2 million as of September 30, 2022.
SiTime Corporation (NASDAQ: SITM) has launched the SiT1881 ultra-low-power 32 kHz oscillator family, enhancing performance for automotive applications like ADAS and infotainment. This new series boasts 4x better stability, 20% lower power consumption, and a 30% smaller size, contributing to longer battery life. With Gartner forecasting a rise in semiconductor content per vehicle, demand for precision timing solutions is set to grow. The SiT1881 ensures accurate timekeeping while being the industry’s smallest at just 1.2 mm x 1.1 mm x 0.55 mm, with samples available from November 1, 2022.
SiTime Corporation (NASDAQ: SITM) will showcase its precision timing solutions at the OCP Global Summit 2022 in Santa Clara, California from October 18-20. The company's demonstration will feature the Elite Super-TCXO, Cascade Network Synchronizer, and IEEE 1588 software, achieving Class D accuracy essential for high-performance 5G networks. SiTime's MEMS technology is designed to enhance environmental resilience, facilitating ultra-fast speeds and low latency in 5G systems. The event offers attendees a chance to interact with experts and learn about advanced synchronization solutions.