SiTime (SITM) Q2 2026 Earnings Call Transcript
SiTime (SITM) reported Q2 2026 revenue of $157.4M, up 127% year over year, and non-GAAP diluted EPS of $2.34. CED revenue was $101.0M (+181%), AIED $24.8M (+51%), and MIC $31.4M (+85%). Q3 2026 revenue guidance is $285M to $295M and non-GAAP EPS $3.50 to $3.65. The Renesas timing business acquisition (TPD) contributed expected $85M in Q3.
How this was made
The 30-second read
Why it matters
The acquisition adds a large expected TPD revenue contribution in Q3, while management simultaneously guided higher revenue, higher non-GAAP EPS, and higher gross margin, but flagged supply-chain and transition execution risks.
Market read
Traders can reprice SiTime’s near-term growth and margin path using the disclosed Q3 guidance, TPD contribution, and cash/financing details, while monitoring integration execution risk.
What to watch
Transition services dependencies with Renesas and manufacturing/testing constraints could delay customer acceptance, impacting revenue timing and gross margin more than the reported mix improvement.
Background
SiTime reported Q2 2026 results and discussed integration of the Renesas timing business (Timing Products Division) completed July 1, 2026.
Ticker impact
SiTime guided Q3 2026 revenue to $285M-$295M and non-GAAP EPS to $3.50-$3.65 after completing the Renesas timing business acquisition.
Near-term bias to follow-through on strong growth and margin expansion, but with elevated volatility risk around integration and supply constraints.
The call discloses fresh, decision-relevant numbers (Q3 guidance, TPD contribution, margin, cash/notes) plus explicit risk language about supply-chain constraint during transition services.
Market effects
Strength in precision timing for AI infrastructure and optical modules reinforces demand expectations for timing/clocking supply chains.
No explicit regional demand or manufacturing geography disclosed beyond supply-chain constraint language.
AI data center buildout and 800G/1.6T optical module ramp assumptions may influence broader optical timing component sentiment.
Counterpoint
The headline growth may be acquisition-driven, and the supply-chain constraint could cap near-term order conversion despite strong guidance.
Key entities
- companySiTime Corporation
Reported Q2 2026 results, provided Q3 2026 guidance, and discussed integration of the Renesas timing business (TPD).
- companyRenesas Electronics Corporation
Seller of the Timing Products Division acquired by SiTime; transition execution and dependencies are cited as a risk factor.
- personRajesh Vashist
SiTime CEO who discussed timing integration into chiplets/modules and market expansion assumptions.
- personElizabeth A. Howe
SiTime CFO who discussed transition plan dependencies and supply-chain constraints.
