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SiTime Fiscal Q3 2021 Earnings Report - CapyFin

SiTime

🇺🇸 NASDAQ:SITM

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Overview Earnings Dividends Seasonality Metrics

Nov 03, 2021

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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.

Total Revenue

$63M

Previous year: $32.7M