NASDAQ$SITM
SiTime Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
SiTime's financial performance declined in Q2 2023, with a decrease in revenue and a net loss reported.
SiTime Corporation reported a decrease in revenue for the second quarter of 2023, with net revenue at $27.7 million, a 27.7% decrease compared to the previous quarter. The company experienced a GAAP net loss of $25.9 million, or $1.17 per basic share, and a non-GAAP net loss of $4.8 million, or $0.22 per diluted share.
- Net revenue was $27.7 million, a 27.7% decrease from the previous quarter.
- GAAP gross margins were 55.7% of revenue.
- GAAP net loss was $25.9 million, or $1.17 per basic share.
- Non-GAAP net loss was $4.8 million, or $0.22 per diluted share.
Headline financials
Revenue & EPS history
SiTime · Revenue · Quarterly
$27.7M
Forward guidance
No forward guidance provided in this report.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro