Loading...
•
Mar 31, 2022
SiTime Q1 2022 Earnings Report
SiTime's Q1 2022 financial results were announced, showing significant revenue growth compared to the previous year, but a slight decrease compared to the previous quarter.
Key Takeaways
SiTime Corporation reported a strong first quarter in 2022 with a 97.7% increase in revenue compared to Q1 2021. The company's GAAP net income was $6.1 million, or $0.27 per diluted share, while non-GAAP net income was $21.3 million, or $0.94 per diluted share.
Net revenue reached $70.3 million, a 97.7% increase year-over-year.
GAAP gross margins were 64.4% of revenue.
GAAP net income was $6.1 million, or $0.27 per diluted share.
Non-GAAP net income was $21.3 million, or $0.94 per diluted share.
Forward Guidance
SiTime will broadcast its first quarter of 2022 financial results conference call today, May 4, 2022, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...