Revenue jumps 88% to $113.6M as AI-focused sales drive growth; full-year forecast raised to 80%+

SiTime reported an 88% revenue increase to $113.6 million, driven by a 158% surge in AI-focused CED sales, which now make up two-thirds of total revenue. Management raised the full-year growth forecast to at least 80%, reflecting strong demand for AI infrastructure. The company also expanded its gross margin to 64.5% and operating margin to 28%, while operating cash flow more than doubled year-over-year. The recent Renesas timing acquisition adds $300 million in revenue and enhances SiTime's AI data-center capabilities, positioning it well for long-term growth in AI synchronization technology.