SiTime Corp. (SITM) Tops Q2 EPS by 10c

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Go back to SiTime Corp. (SITM) Tops Q2 EPS by 10c

SiTime Reports Second Quarter 2022 Financial Results

August 3, 2022 4:06 PM EDT

SANTA CLARA, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) -- SiTime Corporation, (Nasdaq: SITM), a market leader in precision timing, today announced financial results for the second quarter ended June 30, 2022.

Net revenue in the second quarter of 2022 was $79.4 million, a 78.5% increase from the $44.5 million in the second quarter of 2021 and a 13.0% increase from the $70.3 million in the first quarter of 2022.

Generally Accepted Accounting Principles (GAAP) Results

In the second quarter of 2022 gross margins were $52.7 million, or 66.3% of revenue, operating expenses were $40.4 million, or... More