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Sep 30, 2022
SiTime Q3 2022 Earnings Report
SiTime's Q3 2022 financial results were announced, with revenue increasing year-over-year but decreasing sequentially.
Key Takeaways
SiTime Corporation reported Q3 2022 financial results with a year-over-year revenue increase of 16.0% to $73.1 million, but a decrease of 8.0% compared to the previous quarter. GAAP net income was $5.8 million, or $0.26 per diluted share, while non-GAAP net income was $21.9 million, or $0.97 per diluted share.
Net revenue reached $73.1 million, up 16.0% year-over-year.
GAAP gross margin was 64.7% of revenue.
GAAP net income was $5.8 million, or $0.26 per diluted share.
Non-GAAP net income was $21.9 million, or $0.97 per diluted share.