SiTime beats Q3 estimates, raises Q4 outlook, but shares fall amid AI sector sell-off.

SiTime reported strong Q3 results that exceeded expectations and raised its Q4 outlook, driven by volume growth rather than price increases. The company's gross margins improved to 70.7% due to product mix and scale advantages, setting it apart from cyclical memory peers. Despite a 34% share price drop since September amid a broader AI sector correction, SiTime remains attractively valued with a 21x FY2027 earnings multiple and a forecasted 56% growth in 2027. The company benefits from secular market share gains and expanding data center demand, with manageable risks from AI spending and competition, supporting a buy rating.

SiTime Corporation holds a market cap of $12.59 billion and an enterprise value of $13.60 billion as of Nov 10, 2026, 16:11 WIB. Despite the article noting a 34% share price drop since September, on Pluang the stock price is stable at USD 457.01 with a minimal 1-day change of -0.01%. Trading volume is robust at 1,645,866 shares, reflecting steady investor interest amid the broader AI sector dynamics.