NASDAQ$SITM

SiTime Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

SiTime's Q1 2022 financial results were announced, showing significant revenue growth compared to the previous year, but a slight decrease compared to the previous quarter.

SiTime Corporation reported a strong first quarter in 2022 with a 97.7% increase in revenue compared to Q1 2021. The company's GAAP net income was $6.1 million, or $0.27 per diluted share, while non-GAAP net income was $21.3 million, or $0.94 per diluted share.

  • Net revenue reached $70.3 million, a 97.7% increase year-over-year.
  • GAAP gross margins were 64.4% of revenue.
  • GAAP net income was $6.1 million, or $0.27 per diluted share.
  • Non-GAAP net income was $21.3 million, or $0.94 per diluted share.

Headline financials

Total Revenue

$70.3M

Previous: $35.5M+97.7%
EPS (adj)

$0.94

Previous: $0.19+394.7%
GAAP Gross Margin

64.4%

Previous: 52.9%+21.7%
Non-GAAP Gross Margin

65.3%

Previous: 54.1%+20.7%
Capital Expenditures

-$7.45M

Previous: -$3.87M-92.8%
Free Cash Flow

-$1.31M

Previous: -$7.43M+82.3%
Net Income

$6.14M

Previous: -$3.57M+272.2%
Operating Income

$6.06M

Previous: -$3.49M+273.8%
Gross Profit

$45.2M

Previous: $18.8M+140.4%
Cash & Equivalents

$571M

Previous: $257M+122.4%
Total Assets

$698M

Previous: $324M+115.4%
Stock-Based Comp

$14.3M

Previous: $6.66M+114.4%

Revenue & EPS history

SiTime · Revenue · Quarterly

$70.3M

Q1 2022+97.7%vs Q1 2021
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

SiTime will broadcast its first quarter of 2022 financial results conference call today, May 4, 2022, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+5.5%

Avg return

Earnings day

+5.9%

Avg return

5 days after

+6.3%

Avg return

30 days after

68%

17 / 25 earnings

Positive

+34.4%

Q2 2021

Best reaction

-31.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+27.5%+35.9%+0.7%
Q4 2025+17.9%+18.9%-5.9%
Q3 2025+21.8%+9.9%+26.2%
Q1 2025+13.3%+23.0%+23.9%
Q4 2024-20.9%-25.1%-21.6%
Q3 2024+27.3%+21.5%+30.9%
Q2 2024+9.8%+13.2%+15.0%
Q1 2024+28.2%+27.8%+22.6%
Q4 2023-8.2%-17.7%-30.7%
Q3 2023+8.5%+8.8%+10.8%
Q2 2023+3.5%+3.9%-2.3%
Q1 2023-20.6%-20.0%-4.2%
Q4 2022+13.0%+8.5%+16.3%
Q3 2022-12.1%+1.7%+14.3%
Q2 2022-31.3%-27.8%-50.1%
Q1 2022-0.5%-10.7%+22.0%
Q4 2021-17.0%-18.5%-25.2%
Q3 2021+8.1%+8.6%+4.0%
Q2 2021+34.4%+39.3%+63.2%
Q1 2021+1.2%+0.1%+5.6%
Q4 2020-2.7%+3.8%-27.7%
Q3 2020+4.3%+3.8%+13.3%
Q2 2020+7.6%+10.9%+21.1%
Q1 2020+10.5%+12.9%+48.7%
Q4 2019+13.2%+15.1%-12.5%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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