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SiTime Fiscal Q3 2024 Earnings Report - CapyFin

SiTime

🇺🇸 NASDAQ:SITM

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Overview Earnings Dividends Seasonality Metrics

Nov 06, 2024

•

Sep 30, 2024

SiTime Q3 2024 Earnings Report

SiTime's Q3 2024 financial results were announced, demonstrating significant revenue and profit growth.

Key Takeaways

SiTime reported strong Q3 2024 results with a 62% increase in revenue compared to the year-ago period, reaching $57.7 million. All market segments experienced double-digit sequential growth, driven by a focus on high-value applications and differentiated product offerings. The company achieved a GAAP gross profit of $29.5 million and a non-GAAP net income of $9.6 million.

Revenue increased by 62% year-over-year, reaching $57.7 million.

All market segments experienced double-digit sequential growth.

GAAP gross profit was $29.5 million, or 51.1% of revenue.

Non-GAAP net income was $9.6 million, or $0.40 per diluted share.

Total Revenue

$57.7M

Previous year: $35.5M