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SiTime's Q2 revenue jumps 126.5%, hitting first GAAP profit amid strong MEMS timing demand

Company Fundamentals
23 Sep 2026
Seeking Alpha
View Source
Bullish
SiTime's Q2 revenue jumps 126.5%, hitting first GAAP profit amid strong MEMS timing demand

SiTime reported a 126.5% year-over-year revenue increase in Q2 2026, reaching $157.43 million and achieving its first GAAP profit. This growth is driven by rising adoption of MEMS timing technology and the acquisition of Renesas' clock and timing business, which nearly doubled its revenue base and expanded its customer reach. The company's annualized revenue run rate is now $1.1 billion, supported by strong margins and a favorable forward PEG ratio, indicating promising long-term growth potential despite a premium valuation.

SiTime's stock is trading at USD 612.65 on Pluang as of Sep 23, 2026 22:21 WIB, down 3.37% for the day. This price sits well above its 52-week low of USD 252.76 but remains below its 52-week high of USD 901.60, showing a significant range in its market valuation. Despite the recent pullback, the stock sees strong buying interest with 74% of Pluang orders on the buy side, reflecting ongoing investor confidence in the company’s growth story.

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