SiTime CorporationSITM
NasdaqGM•Technology•Semiconductors
SiTime Corporation engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally. It offers various types of oscillators, as well as clock integrated circuits, resonators, and synchronization software for use in artificial intelligence systems, data center, communications, enterprise, automotive, industrial, aerospace, defense, mobile, Internet of Things, and consumer markets. The company was incorporated in 2003 and is based in Santa Clara, California.
SiTime Corporation (SITM) reported trailing twelve months revenue of $379.91M as of March 2026, a 65.2% increase year-over-year. Quarterly revenue reached $113.57M, reflecting continued top-line momentum.
SiTime Corporation reported a TTM net loss of $24.24M, with quarterly EBITDA of $51,000. The operating margin expanded from -46.6% to -10.9%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-10.9%) and net margin (-4.6%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -39.6% a year ago, signaling stronger bottom-line efficiency.
SITM trades at a P/S of 21.6x. The price-to-book ratio of 7.1x indicates a significant premium over book value.
The company generated $17.87M in free cash flow over the trailing twelve months, a 1500.4% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $1.29B in total assets with no in long-term debt against $1.16B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -32.6%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Only 3 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
TTM revenue has grown consistently (7 of 7 quarters up), with ~145.4% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
The last 5 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Shares outstanding increased 14.5% — significant dilution, likely from stock compensation or capital raises.