Key Highlights

• Q3 net Revenue of $298.7 million, up 257% from $83.6 million in the year-ago quarter

• Non-GAAP Net Income of $130.3 million, or $4.01 per diluted share

• Annualized revenue run rate exceeded $1 billion exiting the quarter

• Company announced a 3-for-1 forward Stock Split effective December 7, 2026

SiTime Corporation(NASDAQ:SITM), the precision timing company, reported financial results for the third quarter ended September 30, 2026, revealing a period of significant scale expansion driven by both organic growth and the contribution from its TPD acquisition. The Santa Clara-based semiconductor company posted quarterly revenue that more than tripled from the prior-year period.

A New Level of Scale

Net revenue in the third quarter reached $298.7 million, compared to $83.6 million in Q3 2025, marking a 257% year-over-year increase. Chairman and CEO Rajesh Vashist described the company as now operating at a new level of scale and financial performance. The growth was characterized as broad-based, extending beyond any single market, while core CED revenue grew 202% year-over-year as the AI infrastructure buildout continued to drive Demand for differentiated timing solutions.

The integration of TPD, a significant Acquisition for the company, was described as having progressed well across teams, customers, and product roadmap. SiTime exited the quarter with an annualized revenue run rate exceeding $1 billion, a milestone for the precision timing segment.

Profitability and Cash Position

On a GAAP basis, Gross Profit was $154.1 million, representing a gross Margin of 51.6%. GAAP operating expenses totaled $145.8 million, yielding GAAP income from operations of $8.3 million and GAAP net income of $4.4 million, or $0.14 per diluted share.

Non-GAAP results painted a different picture of underlying profitability. Non-GAAP gross profit reached $211.1 million, with a non-GAAP gross margin of 70.7%. Non-GAAP income from operations was $129.5 million, and non-GAAP net income came in at $130.3 million, or $4.01 per diluted share. The substantial difference between GAAP and non-GAAP figures reflects stock-based compensation, amortization of acquired intangibles, inventory step-up costs, and acquisition-related expenses.

Total cash, cash equivalents, and short-term investments stood at $324.3 million as of September 30, 2026.

Stock Split Announcement

SiTime announced a 3-for-1 forward stock split of its issued common stock, citing a desire to make stock ownership more accessible to employees and investors. The split will be implemented through an amendment to the company's Amended and Restated Certificate of Incorporation. Record holders as of the close of market on December 3, 2026, will receive two additional shares for each share owned, with distribution after market close on December 4, 2026. Trading on a split-adjusted basis is expected to begin on December 7, 2026.

The split will result in a proportionate increase in the number of shares of authorized common stock. Stock splits do not change the fundamental value of the company but reduce the per-share price, potentially broadening the investor base.

AI Infrastructure as a Growth Engine

The AI infrastructure buildout has emerged as a meaningful demand driver for SiTime's precision timing products. Timing solutions are critical components in data centers and networking equipment, where synchronization precision directly affects system performance. The 202% year-over-year growth in core CED revenue underscores the extent to which AI-related infrastructure spending is flowing through to component suppliers with differentiated technology positions.

The Bigger Picture

SiTime's Q3 results mark a transformation in the company's financial profile, with the combination of organic growth and the TPD acquisition pushing annualized revenue past the $1 billion threshold. The 70.7% non-GAAP gross margin suggests the company's precision timing technology commands significant pricing power, while the stock split reflects management's confidence in the sustainability of this elevated operating trajectory.