Overview

* SiTime ( SITM ) Q3 revenue rose to $83.6 mln, beating analyst expectations

* Company reported a GAAP net loss of $8.0 mln for Q3

* Non-GAAP net income for Q3 was $23.4 mln

Outlook

* SiTime ( SITM ) expects over 50% year-over-year growth for 2025

Result Drivers

* AI GROWTH - Co attributes milestone revenue to increased adoption of Precision Timing solutions driven by AI growth

* COMMUNICATIONS-ENTERPRISE-DATACENTER STRENGTH - Co expects continued rapid growth driven by strong performance in Communications-Enterprise-Datacenter business

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $83.57 $78.14

Revenue mln mln (7

Analysts

)

Q3 EPS -$0.31

Q3 Net -$8.01

Income mln

Q3 Gross $44.72

Profit mln

Q3 -$16.02

Operatin mln

g Income

Q3 -$7.90

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for SiTime Corp ( SITM ) is $260.00, about 7.4% below its November 4 closing price of $279.31

* The stock recently traded at 90 times the next 12-month earnings vs. a P/E of 93 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)