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Mar 31
SiTime Q1 2025 Earnings Report
Financial results for the first quarter ended March 31, 2025
Key Takeaways
SiTime reported strong revenue growth in Q1 2025, increasing 83% year-over-year to $60.3 million. The company reported a GAAP net loss of $23.9 million or $1.01 per diluted share, but a non-GAAP net income of $6.3 million or $0.26 per diluted share.
Net revenue in the first quarter of 2025 was $60.3 million, an 83% increase compared to $33.0 million in the prior year quarter.
GAAP gross profit was $30.3 million (50.3% of revenue), while non-GAAP gross profit was $34.6 million (57.4% of revenue).
The company reported a GAAP loss from operations of $28.1 million and a GAAP net loss of $23.9 million ($1.01 per diluted share).
Non-GAAP income from operations was $2.1 million (3.4% of revenue), and non-GAAP net income was $6.3 million ($0.26 per diluted share).
SiTime
SiTime
Forward Guidance
SiTime anticipates continued strong growth in the second quarter of 2025, based on customer enthusiasm for new products.
Positive Outlook
- Anticipates continued strong growth in Q2 2025.
- Customer enthusiasm for newest products like Elite RF Super-TCXO and Symphonic mobile clock generator noted as drivers.
Challenges Ahead
- Specific quantitative guidance for Q2 revenue was not provided in the press release.
- Specific quantitative guidance for Q2 EPS was not provided.
- Specific quantitative guidance for Q2 profitability (GAAP or non-GAAP) was not provided.
- Guidance is limited to a qualitative statement about 'strong growth'.