SiTime receives Overweight rating due to data center demand and M&A support: MS

Benchmark initiated coverage of SiTime (SITM) with a Buy rating and $850 price target, citing growth in precision timing technology. Q2 revenue rose 127% YoY to $157.4M, with adjusted net income of $65.6M. The Renesas acquisition adds 550 products and $300M+ in expected revenue, but carries integration risks and market concentration concerns. Institutional ownership increased in Q2 2026.

SiTime (SITM) reported Q2 2026 earnings and revenue growth exceeding expectations, driven by demand in communications, enterprise, and data center sectors. The company completed the acquisition of Renesas' timing business, expanding its portfolio. SiTime projects $2.3B revenue and $801.1M earnings by 2029, requiring 69% annual revenue growth. Analysts had projected 76.9% growth and $759.8M earnings by 2029. The acquisition and strong Q2 performance may influence SiTime's investment narrative, bu

SiTime (SITM) issued third-quarter 2026 revenue guidance of $285 million to $295 million and provided a second-quarter results update, along with information on its Renesas Timing acquisition. The article notes a sharp share-price move, with 7-day and 30-day gains and a longer-term decline. It discusses valuation versus analyst targets and a stated fair value of $864.38 per share.

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.

SiTime (SITM) shares rose about 5.5% to around $725 after its Q2 2026 results. Revenue increased to about $157.4m from $69.5m a year earlier. Non-GAAP EPS was $2.34, with non-GAAP operating margin around 34% and gross margin about 67.1%. The article also cites customer concentration, Renesas transition services, capacity expansion needs, and $1.35b zero-coupon convertibles.

SiTime (NASDAQ: SITM) shares rose nearly 27% on Thursday after the company reported Q2 results. According to SiTime, net revenue was $157.4M, up from $69.5M a year earlier, with communications, enterprise and data center revenue up 181%. Adjusted net income rose to $65.6M, or $2.34 per share. Guidance for Q3 calls for $285M to $295M revenue and $3.50 to $3.65 adjusted EPS.