# SiTime Corporation (SITM)

> Source: Nexqual · https://nexqual.com/SITM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, SiTime Corporation (SITM), nexqual.com/SITM" · informational, not investment advice.

**Price:** USD 462.72 (-9.13% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 509.2 · day 453.46–494.2 · 52w 243.68–901.81 · market cap $13.9B · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $468M, net income $14.1M (3.0% margin), free cash flow $84.5M (SEC filings).
- Valuation: P/E 983.6x, EV/EBITDA 715.1x, net cash $604M.
- 2 of 80 tracked superinvestors hold SITM (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (12 analysts), mean target USD 840.45 (range 730–900).
- Total return with dividends: 1Y +69.1% vs S&P 500 +14.9%; 5Y +102.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 3.56, revenue estimate $289M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $219M | $284M | $144M | $203M | $327M | $468M |
| Gross profit | $139M | $183M | $82.1M | $104M | $175M | — |
| Operating income | $32.8M | $16.1M | -$107M | -$115M | -$67.0M | -$18.4M |
| Net income | $32.3M | $23.3M | -$80.5M | -$93.6M | -$42.9M | $14.1M |
| EPS (diluted) | $1.53 | $1.03 | -$3.63 | -$4.05 | -$1.72 | — |
| Free cash flow | $28.2M | $8.0M | -$889K | -$13.0M | $35.1M | $84.5M |
| Gross margin | 63.7% | 64.5% | 57.0% | 51.6% | 53.6% | — |
| Operating margin | 15.0% | 5.7% | -74.4% | -56.9% | -20.5% | -3.9% |
| Net margin | 14.8% | 8.2% | -55.9% | -46.2% | -13.1% | 3.0% |
| Revenue growth | +88.4% | +29.6% | -49.2% | +40.8% | +61.2% | — |
| Cash + short-term investments | $559M | $34.6M | $9.5M | $6.1M | $16.8M | — |
| Total debt | — | — | — | — | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 983.6x · P/S 29.6x · EV/EBITDA 715.1x · EV/Sales 28.3x · P/FCF 164.1x · P/B 13.5x · FCF yield 0.61% · Earnings yield 0.10% · Net cash $604M · EV $13.3B

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold SITM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.04% | $4.1M | Reduced -21.8% |
| Lee Ainslie | Maverick Capital | 0.01% | $649K | New position |

## Analysts
Consensus Buy (mean 1.75 on a 1–5 scale), 12 analysts; mean target USD 840.45 (low 730, high 900).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Rosenblatt | Initiated | Buy | $750 |
| 2026-09-23 | Seaport Global | Initiated | Neutral |  |
| 2026-09-17 | Morgan Stanley | Initiated | Overweight | $730 |
| 2026-08-20 | Benchmark | Initiated | Buy | $850 |
| 2026-08-06 | UBS | Target raised | Buy | $775 → $840 |
| 2026-08-06 | Needham | Target raised | Buy | $850 → $900 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +69.1% | +102.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +69.5% | +15.1% |
| Volatility (annualized) | 84.6% | 74.0% |
| Max drawdown | -48.7% (May 2026→Jul 2026) | -75.7% (Nov 2021→Oct 2022) |

## Peers (Semiconductors)
LSCC (Lattice Semiconductor Corporati) USD 96.4 -10.57% · SMTC (Semtech Corporation) USD 125.12 -11.66% · SWKS (Skyworks Solutions, Inc.) USD 82.39 +0.21% · MTSI (MACOM Technology Solutions Hold) USD 229.73 -15.87% · TSEM (Tower Semiconductor Ltd.) USD 167.71 -11.52% · RMBS (Rambus, Inc.) USD 85.73 -7.62%

## More
Full page: https://nexqual.com/SITM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SITM's own 10-K filed 2026-02-11 (https://www.sec.gov/Archives/edgar/data/1451809/000145180926000012/sitm-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Robert Bosch | "We use Robert Bosch LLC ("Bosch") in Germany, Taiwan Semiconductor Manufacturing Company ("TSMC") and United Microelectronics Corporation ("UMC") in Taiwan, and Teledyne Digital Imaging Inc. ("Teledyne") in Canada as our…" |
| Supplier | TSMC (TSM) | "We use Robert Bosch LLC ("Bosch") in Germany, Taiwan Semiconductor Manufacturing Company ("TSMC") and United Microelectronics Corporation ("UMC") in Taiwan, and Teledyne Digital Imaging Inc. ("Teledyne") in Canada as our…" |
| Supplier | United Microelectronics (UMC) | "We use Robert Bosch LLC ("Bosch") in Germany, Taiwan Semiconductor Manufacturing Company ("TSMC") and United Microelectronics Corporation ("UMC") in Taiwan, and Teledyne Digital Imaging Inc. ("Teledyne") in Canada as our…" |
| Supplier | Teledyne Digital Imaging | "We use Robert Bosch LLC ("Bosch") in Germany, Taiwan Semiconductor Manufacturing Company ("TSMC") and United Microelectronics Corporation ("UMC") in Taiwan, and Teledyne Digital Imaging Inc. ("Teledyne") in Canada as our…" |
| Supplier | Pernas Electronics | "Although we sell our products to this end customer through distributors on a purchase order basis, including, but not limited to, Pernas, and Quantek, we have a development and supply agreement, which provides a general …" |
| Supplier | Quantek Technology | "Although we sell our products to this end customer through distributors on a purchase order basis, including, but not limited to, Pernas, and Quantek, we have a development and supply agreement, which provides a general …" |
| Supplier | ASE Technology (ASX) | "Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly, and testing, including Advanced Semiconductor Engineering, Inc. ("ASE") in Taiwan, Carsem (M) Sdn Bhd. ("Carsem") …" |
| Supplier | United Test and Assembly Center | "Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly, and testing, including Advanced Semiconductor Engineering, Inc. ("ASE") in Taiwan, Carsem (M) Sdn Bhd. ("Carsem") …" |
| Supplier | Daishinku | "Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly, and testing, including Advanced Semiconductor Engineering, Inc. ("ASE") in Taiwan, Carsem (M) Sdn Bhd. ("Carsem") …" |
| Supplier | STATS ChipPAC Pte | "Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly, and testing, including Advanced Semiconductor Engineering, Inc. ("ASE") in Taiwan, Carsem (M) Sdn Bhd. ("Carsem") …" |
| Customer | Apple (AAPL) | "Based on the sell-through information provided to us from distributors who identify end customers, we believe that the majority of our products sold to Pernas Electronics Co. Ltd ("Pernas") and Quantek Technology Corpora…" |
| Partner | Renesas | "Also, on February 4, 2026, we entered into the Asset Purchase Agreement with Renesas, pursuant to which Renesas will and will cause certain of its affiliates to sell, transfer, assign and convey to SiTime all of their ri…" |
| Competitor | Microchip Technology (MCHP) | "Companies that we primarily compete with include, but are not limited to, Abracon, LLC, Daishinku Corp., Diodes Incorporated, Kyocera Corporation, Microchip Technology Inc., Murata Manufacturing Co., Ltd, Nihon Dempa Kog…" |
| Competitor | Texas Instruments (TXN) | "Companies that we primarily compete with include, but are not limited to, Abracon, LLC, Daishinku Corp., Diodes Incorporated, Kyocera Corporation, Microchip Technology Inc., Murata Manufacturing Co., Ltd, Nihon Dempa Kog…" |

## Customer concentration

Period ended 2025-12-31: 26%, 25% of revenue from unnamed direct customers (10-K, filed 2026-02-11).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $3.56 | $2.49 | +43.0% | $288.9M | 12 |
| Next quarter (ends 2026-12-31) | $3.71 | $2.44 | +51.8% | $312.3M | 12 |
| Current fiscal year (ends 2026-12-31) | $11.20 | $8.49 | +31.9% | $872.4M | 12 |
| Next fiscal year (ends 2027-12-31) | $14.93 | $12.33 | +21.1% | $1.36B | 12 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±22.5%; last 8 reports averaged ±18.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 99.5% | ±22.5% |
| 2026-12-18 | 56 | 87.5% | ±27.7% |
| 2027-02-19 | 119 | 84.2% | ±38.3% |
| 2027-05-21 | 210 | 80.4% | ±48.2% |