SITM Q1 earnings — Revenue +88% YoY

The Print

SiTime Corporation (SITM) reported 88.3% year-over-year revenue growth for its first fiscal quarter of 2026, per Item 2.02 of an 8-K filing accepted by the U.S. Securities and Exchange Commission on May 19, 2026. The company posted quarterly revenue of $114 million, compared to $60 million in the year-ago quarter. Diluted EPS came in at -$0.20, an improvement from -$1.01 in Q1 2025, while quarterly EBIT hit -$5 million, down from -$27 million in the prior year’s comparable quarter. Per the filing summary, year-over-year comparisons for diluted EPS and EBIT are marked as not applicable. The full earnings summary is available via the SEC filing linked at https://www.sec.gov/Archives/edgar/data/1451809/000145180926000045/ex993-sitimeproformafs.htm.

Operating Leverage

The quarterly operating loss narrowed far faster than revenue grew, marking significant margin expansion. Revenue increased by $54 million year-over-year, while the EBIT deficit shrank by $22 million. As a percentage of total revenue, the operating loss fell from 45% in Q1 2025 to approximately 4.4% in Q1 2026, a 40.6 percentage point improvement in operating margin.

Forward Outlook

No formal forward guidance for future quarterly results was included in the May 19, 2026 8-K earnings filing, so no sequential or year-over-year performance targets have been disclosed at this time.

Cross-Reference to Prior Signals

Insider and institutional activity ahead of the earnings release includes a major stock sale by a 10% owner: on May 18, 2026, one day before the earnings filing, MEGACHIPS CORP /FI sold 400,000 SITM shares at $779.50 per share, generating gross proceeds of $311.8 million. Separately, director Christine Heckart received two $0-cost stock gifts totaling 18,610 shares on the same date, while CEO Rajesh Vashist received 72,000 total $0-cost stock gifts on March 10, 2026. Analyst rating distribution has remained static since February 2026, with 3 Strong Buy, 6 Buy, and 1 Hold ratings across covering firms as of May 1, 2026. As of December 31, 2025, SITM had 407 institutional holders owning 91.3% of its float, with 217 increased positions, 83 new positions, 137 reduced positions, and 44 closed positions, for a net positive institutional flow ratio of ~1.6:1.

What This Print Does NOT Tell Us

Three key data points are not included in the initial 8-K earnings filing: 1) Breakdown of revenue by end-market segment (e.g., automotive, communications, computing), which will only be available in the full Q1 2026 10-Q filing; 2) Quarterly balance sheet metrics including total cash reserves, long-term debt, and operating cash flow; 3) Detailed gross margin percentage, as only aggregate EBIT was disclosed in the summary release.