SiTime shares rise 4.8% after hours despite Q3 profit beat

SiTime (SITM) topped third-quarter profit estimates on Nov. 4, with revenue up 257% from a year earlier. The company also announced a three-for-one forward stock split.

Shares rose 4.8% in after-hours trading as of 5:30 p.m. ET, from a regular-session close of $406.70.

Here's how the company did:

• Revenue: $298.7 million vs. $83.6 million a year earlier
• Adjusted EPS: $4.01 vs. $3.70 expected
• GAAP EPS: $0.14 per diluted share vs. a loss of $0.31 a year earlier

Revenue was in line with the $298.5 million consensus estimate, and the company said it rose 257% from the year-earlier quarter.

Revenue has risen in each of the last three quarters, from $83.6 million in the third quarter of 2025 to $157.4 million in the second quarter of 2026, according to its SEC filings.

Chairman and CEO Rajesh Vashist said the company now operates at a new scale. “With its rapid organic growth and the addition of TPD, SiTime is now operating at a new level of scale and financial performance,” Vashist said.

Vashist also said the company exited the quarter with an annualized revenue run rate above $1 billion. “We exited the quarter with an annualized revenue run rate above $1 billion and substantial opportunity still ahead.”

The company said core CED revenue grew 202% year over year as demand for differentiated timing rose with the AI infrastructure buildout.

Costs and cash

GAAP gross margin was 51.6% in the quarter, while non-GAAP gross margin was 70.7%. GAAP income from operations was $8.3 million.

Acquisition related costs were $21.3 million in the quarter. Amortization of acquired intangibles totaled $61.8 million, which the company excludes from its non-GAAP results.

Total cash, cash equivalents and short-term investments were $324.3 million on Sept. 30.

Stock split terms

The company said the three-for-one forward stock split is intended to make stock ownership more accessible to employees and investors. It will be effected through an amendment to its Amended and Restated Certificate of Incorporation, which will increase the number of authorized common shares proportionately.

Each record holder as of the close of market on Dec. 3 will receive two additional shares for each share owned. The additional shares will be distributed after the close of market on Dec. 4.

Trading is expected to begin on a split-adjusted basis at market open on Dec. 7.

The company plans to discuss its business outlook on its conference call held the same day as the release.