SiTime Corp

SiTime Corp posted a blowout second quarter for fiscal 2026, extending its streak of consensus beats to five consecutive quarters as adjusted EPS of $2.34 topped the $1.95 estimate by 19.74% and revenue of $157.43 million cleared the $146.46 million consensus by 7.49%. The headline driver was explosive top-line momentum, with revenue climbing 126.5% year over year, fueled in large part by the Communications, Enterprise, and Data Center segment, which grew 181% from a year ago as demand for precision timing solutions tied to AI infrastructure accelerated sharply. Non-GAAP gross margin expanded to 67.1% from 58.2% a year earlier, reflecting favorable product mix and operating leverage that helped lift non-GAAP operating income to $53.46 million, a 34.0% margin. On the GAAP side, the company posted net income of $18.16 million, compared to a loss in the year-ago period. SiTime also completed its acquisition of Renesas Electronics' Timing Business on July 1, 2026, broadening its product portfolio, with management set to address the business outlook on its earnings call.