SITM Stock Recent News

SANTA CLARA, Calif., April 05, 2023 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the precision timing company, will announce its first quarter 2023 financial results on Wednesday, May 3, 2023, after market close.

SiTime has a unique advantage in the timing industry as it is the sole supplier offering a complete range of all-silicon timing products. SiTime has a healthy cash reserve of over $500 million, which the company can use to pursue acquisitions during a downturn period.

It's not surprising, as during shortage most customers overordered and now have to wind down inventories, like the company's biggest customer. This will happen in H1/23, but underlying demand remains strong, the company's 'cruze-speed' growth rate is 30%, producing 65% gross margins.

SiTime Corporation (NASDAQ:SITM ) Q4 2022 Earnings Conference Call February 1, 2023 5:00 PM ET Company Participants Brett Perry - Shelton Group Investor Relations Rajesh Vashist - Chief Executive Officer Art Chadwick - Executive Vice President & Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company Chris Caso - Credit Suisse Alessandra Vecchi - William Blair Suji Desilva - ROTH Capital Partners Tore Svanberg - Stifel Doug O'Laughlin - Fabricated Knowledge Operator Good afternoon, and welcome to SiTime's Fourth Quarter 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

SiTime (SITM) delivered earnings and revenue surprises of 16.36% and 1.40%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

SANTA CLARA, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the precision timing company, will announce its fourth quarter 2022 financial results on Wednesday, February 1, 2023, after market close.

SiTime heavily relies on top-line strength to keep its margins, so more customers equals more revenue. SiTime was able to acquire more design wins, was able to position itself for single sourcing, and its expansion in the IoT automotive market is a huge win.

SiTime Corporation (NASDAQ:SITM ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Brett Perry - Shelton Group Investor Relations Rajesh Vashist - Chief Executive Officer Art Chadwick - Chief Financial Officer Conference Call Participants Alessandra Vecchi - William Blair Suji Desilva - ROTH Capital Quinn Bolton - Needham & Company Operator Good afternoon, and welcome to SiTime's Third Quarter 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

SANTA CLARA, Calif., Oct. 05, 2022 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the precision timing company, will announce its third quarter 2022 financial results on Wednesday, November 2, 2022, after market close.

Growth in 2022 isn't going to come in as hot as the company had originally hoped.