Key Highlights

  • Third quarter Revenue was USD 298.7 million against a USD 292.65 million estimate and USD 83.6 million a year earlier.
  • Non-GAAP EPS was USD 4.01 against an estimate of USD 3.62, and GAAP EPS was USD 0.14.
  • Cash and short-term investments were USD 324.3 million on September 30, with convertible senior notes of USD 1.319 billion.
  • A three-for-one forward Stock Split has a December 3 record date, with split-adjusted trading starting December 7.

SiTime Corporation (NASDAQ:SITM) closed its third quarter with net revenue of USD 298.7 million, up from USD 83.6 million a year earlier, a change the company stated as an increase of 257%. The result includes the addition of TPD, a Business the chief executive said is now part of a company operating at a new level of scale. Alongside the numbers, the board announced a three-for-one forward stock split.

Revenue and Where It Came From

Revenue of USD 298.7 million compares with an estimate of USD 292.65 million and with USD 157.43 million in the second quarter of 2026.

Chairman and CEO Rajesh Vashist said growth was broad-based across markets rather than tied to a single one. He added that core CED revenue grew 202% year over year as the AI infrastructure buildout continued to drive Demand for differentiated timing. Management also said the company exited the quarter with an annualized revenue run rate above USD 1 billion.

Profit and Margins

On a GAAP basis, Gross Profit was USD 154.1 million, or 51.6% of revenue, against 63.0% in the second quarter and 53.5% a year earlier. Operating expenses were USD 145.8 million, which produced GAAP income from operations of USD 8.3 million. GAAP Net Income was USD 4.4 million, or USD 0.14 per diluted share, compared with a net loss of USD 8.0 million, or USD 0.31 per share, in the third quarter of 2025.

Non-GAAP measures exclude stock-based compensation, amortization of acquired intangibles and inventory step-up costs, financing-related Transaction Costs and acquisition-related expenses. On that basis, gross profit was USD 211.1 million, or 70.7% of revenue, and operating expenses were USD 81.6 million. Non-GAAP income from operations was USD 129.5 million, or 43.4% of revenue, and non-GAAP net income was USD 130.3 million, or USD 4.01 per diluted share. The estimate for EPS was USD 3.62.

Acquisition-related costs were USD 21.3 million.

Cash, Debt and the Share Split

Cash and cash equivalents were USD 324.35 million at September 30, 2026, against USD 16.76 million at year end 2025, when the company also held USD 791.65 million of short-term held-to-maturity investments. The Balance Sheet now carries convertible senior notes of USD 1.319 billion, Goodwill of USD 2.0 billion and net intangible assets of USD 2.157 billion. Accounts Receivable were USD 202.9 million.

The stock split is carried out through an amendment to the certificate of incorporation, which raises authorized common shares proportionally. Holders of record at the close of market on Thursday, December 3, 2026 receive two additional shares for each share held, distributed after the close on Friday, December 4. Split-adjusted trading begins at market open on Monday, December 7, 2026. The company said the aim is to make stock ownership more accessible to employees and investors.

Numbers in Context

Revenue of USD 298.7 million sits alongside non-GAAP EPS of USD 4.01, GAAP EPS of USD 0.14 and cash of USD 324.3 million. The company held its conference call on November 4 at 2:00 p.m. Pacific Time. The dates management attached to the split are December 3 for the record date, December 4 for distribution and December 7 for the first split-adjusted trading session.