NASDAQ$SITM

SiTime Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

SiTime's Q3 2021 financial results were announced, with significant revenue growth.

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.

Headline financials

Total Revenue

$63M

Previous: $32.7M+92.9%
EPS (adj)

$1.03

Previous: $0.23+347.8%
GAAP Gross Margin

66.2%

Previous: 51.7%+28.0%
Non-GAAP Gross Margin

66.9%

Previous: 52.1%+28.4%
Non-GAAP Income from Operations % of Revenue

34.9%

No prior period
Capital Expenditures

-$20.1M

Previous: -$3.91M-413.0%
Free Cash Flow

-$6.11M

Previous: -$4.58M-33.4%
Net Income

$14M

Previous: -$667K+2193.0%
Operating Income

$14.1M

Previous: -$560K+2613.2%
Gross Profit

$41.7M

Previous: $16.9M+146.7%
Cash & Equivalents

$267M

Previous: $69.2M+285.9%
Total Assets

$367M

Previous: $128M+187.7%
Stock-Based Comp

$7.39M

Previous: $4.3M+71.9%

Revenue & EPS history

SiTime · Revenue · Quarterly

$63M

Q3 2021+92.9%vs Q3 2020
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

No forward guidance was provided in the release.

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 Q3 2021

Historical avgQ3 2021

+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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