Overview

* SiTime ( SITM ) Q2 revenue rises 58% yr/yr, beating analyst expectations, per LSEG data

* Company reports GAAP net loss of $20.2 mln, or $0.84 per share

* Revenue growth driven by AI demand in Communications, Enterprise, and Data Center market

Outlook

* Company to discuss business outlook in scheduled conference call

Result Drivers

* AI DEMAND - Revenue from Communications, Enterprise, and Data Center market grew 137% yr/yr, driven by AI demand for Precision Timing solutions

* HIGH PERFORMANCE FOCUS - CEO Rajesh Vashist attributes continued momentum to focus on high performance applications

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $69.49 $64.70

Revenue mln mln (6

Analysts

)

Q2 EPS -$0.84

Q2 Net -$20.18

Income mln

Q2 Gross $36.05

Profit mln

Q2 -$24.61

Operatin mln

g Income

Q2 -$20.14

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $230.00, about 14% above its August 5 closing price of $197.73

* The stock recently traded at 91 times the next 12-month earnings vs. a P/E of 81 three months ago

Press Release:

(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.)