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Sep 30, 2021
SiTime Q3 2021 Earnings Report
SiTime's Q3 2021 financial results were announced, with significant revenue growth.
Key Takeaways
SiTime Corporation reported a strong third quarter in 2021, with net revenue reaching $63.0 million, a 92.9% increase year-over-year and a 41.7% increase sequentially. The company's GAAP net income was $14.0 million, or $0.66 per diluted share, and non-GAAP net income was $21.9 million, or $1.03 per diluted share.
Net revenue for Q3 2021 was $63.0 million, up 92.9% year-over-year.
GAAP gross margins were 66.2% of revenue.
GAAP net income was $14.0 million, or $0.66 per diluted share.
Non-GAAP net income was $21.9 million, or $1.03 per diluted share.
SiTime
SiTime
Forward Guidance
No forward guidance was provided in the release.