SiTime Forecasts Q4 Revenue Between $331M-$341M and Announces 3-for-1 Stock Split
SiTime Corporation (SITM) reported significant growth following its acquisition of the Renesas Timing Products Division, which closed on July 1. The company's first full quarter of consolidated results showed combined revenue of $298.7 million and a robust gross margin of 70.7%, signaling a successful integration and increased operational scale. Looking ahead, SiTime has provided Q4 revenue guidance in the range of $331 million to $341 million and is targeting long-term gross margins of approximately 70%. Additionally, the company announced a 3-for-1 stock split, reflecting management's confidence in its growth trajectory and market position.