Net revenue in the fourth quarter of 2025 was $113.3 million, a 36% increase from $83.6 million in the prior quarter and an increase of 66% from the year ago period.
Net revenue for fiscal year 2025 was $326.7 million, an increase of 61% from $202.7 million in fiscal year 2024.
"Driven by AI, Q4 2025 was the seventh consecutive quarter of over 100% year-over-year growth for our Communications, Enterprise and Datacenter (CED) business," said Rajesh Vashist, chairman and CEO of SiTime. "Growth in both Q4 2025 and FY2025 was broad-based, across all end customer segments, and regions. In addition to 61% year-on-year growth, I am also pleased that we achieved 61.2% gross margin in the fourth quarter, which exceeded the forecast that we made at the beginning of the year. Looking forward into 2026, we expect our broad-based growth to continue, again driven by CED."
In the fourth quarter of 2025, GAAP gross profit was $63.9 million, or 56.4% of revenue, GAAP operating expenses were $62.1 million, GAAP income from operations was $1.8 million, and GAAP net income was $9.2 million, or $0.34 per diluted share.
In the fourth quarter of 2025, non-GAAP gross profit was $69.4 million, or 61.2% of revenue, non-GAAP operating expenses were $35.5 million, non-GAAP income from operations was $33.9 million and non-GAAP net income was $41.3 million, or $1.53 per diluted share.
For the twelve months ended December 31, 2025, GAAP gross profit was $175.0 million, or 53.6% of revenue, GAAP operating expenses were $242.0 million, GAAP loss from operations was $67.0 million, and GAAP net loss was $42.9 million, or $1.72 per diluted share.
For the twelve months ended December 31, 2025, non-GAAP gross profit was $193.5 million, or 59.3% of revenue, non-GAAP operating expenses were $135.0 million, non-GAAP income from operations was $58.6 million and non-GAAP net income was $82.6 million, or $3.20 per diluted share.
Total cash, cash equivalents and short-term investments were $808.4 million on December 31, 2025.
The company plans to discuss its business outlook as part of today's scheduled conference call.
Use of Non-GAAP Financial Information
This press release and its attachments include certain non-GAAP supplemental performance measures. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.
SiTime believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to SiTime's financial condition and results of operations. SiTime believes that these non-GAAP financial measures provide additional insight into SiTime's ongoing performance and core operational activities and has chosen to provide these measures for more consistent and meaningful comparison between periods. These measures should only be used to evaluate SiTime's results of operations in conjunction with the corresponding GAAP measures. The non-GAAP financial measures exclude stock-based compensation expense, amortization of acquired intangibles, and acquisition-related expenses, which include transaction and certain other cash costs associated with business acquisitions as well as changes in the estimated fair value of earn out liabilities and accretion of acquisition consideration payable. The reconciliation between GAAP and non-GAAP financial results is provided in the financial statements portion of this release.
Inducement Plan Grants
SiTime granted restricted stock unit awards ("RSUs") on February 2, 2026 that were approved by the Compensation and Talent Committee of its Board of Directors under SiTime's Amended and Restated 2022 Inducement Award Plan, as a material inducement to employment of 26 newly hired non-executive individuals globally. The RSUs were approved in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement grants consisted of an aggregate of 19,373 RSUs. One-fourth of the RSUs will vest on the first February 20, May 20, August 20, or November 20 falling in the one-year anniversary quarter of the applicable vesting start date, and then 1/16th of the RSUs vest in equal quarterly installments on each February 20, May 20, August 20, and November 20, thereafter, subject to each such employee's continued service on each vesting date. The inducement grants are subject to the terms and conditions of award agreements covering the grants and SiTime's 2022 Amended and Restated Inducement Award Plan.
Conference Call
SiTime will broadcast the financial results for its fourth quarter of 2025 via conference call today, February 4, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). To join the conference call via phone, participants are required to complete the following registration form to receive a dial-in number and dedicated PIN for accessing the conference call. The conference call will also be available via a live audio webcast on the investor relations section of the SiTime website at investor.sitime.com. Please access the website at least a few minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay of the call will be available on the website.
About SiTime
SiTime Corporation is the Precision Timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With more than 3.5 billion devices shipped, SiTime is changing the timing industry. For more information, visit www.sitime.com.
Forward-Looking Statements
This press release and the earnings call referencing this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Security Exchange Act of 1934, as amended. These forward-looking statements involve risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to differ materially from those anticipated in such forward-looking statements. The risks, uncertainties, assumptions, and other factors include, but are not limited to our expectations and trends relating to the growth of our new products, our product differentiation and market acceptance of our products, and our ability to accurately forecast our future performance, business and growth. More information about these and other risks, uncertainties, and other factors that may cause actual outcomes and results to differ materially from those included in the forward-looking statements contained in this release are included under the caption "Risk Factors" and elsewhere in our most recent Form 10-Q filed with the Securities and Exchange Commission and other filings SiTime makes with the Securities and Exchange Commission from time to time, including the Form 10-K to be filed for the year ended December 31, 2025. The financial information set forth in this release reflects estimates based on information available at this time. While SiTime believes these estimates to be reasonable, these amounts could differ materially from reported amounts in SiTime's Annual Report on Form 10-K for the year ended December 31, 2025 and SiTime's other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date the statements are made and are based on information available to SiTime at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Except as required by law, SiTime undertakes no obligation, and does not intend, to update these forward-looking statements.
SiTime CorporationUnaudited GAAP Condensed Consolidated Statements of Operations
Three months ended
December 31,2025
September 30,2025
December 31,2024
(in thousands, except per share data)
Revenue
$
113,284
$
83,567
$
68,111
Cost of revenue
49,404
38,850
32,267
Gross profit
63,880
44,717
35,844
Operating expenses:
Research and development
28,294
30,009
29,333
Selling, general and administrative
30,815
30,603
27,695
Acquisition related costs
3,008
126
1,835
Total operating expenses
62,117
60,738
58,863
Income (loss) from operations
1,763
(16,021
)
(23,019
)
Interest income
7,998
8,275
5,088
Other expense, net
(209
)
(157
)
(510
)
Income (loss) before income taxes
9,552
(7,903
)
(18,441
)
Income tax expense
(386
)
(111
)
(372
)
Net income (loss)
$
9,166
$
(8,014
)
$
(18,813
)
Net income (loss) attributable to common stockholders and comprehensive income (loss)
$
9,166
$
(8,014
)
$
(18,813
)
Net income (loss) per share attributable to common stockholders, basic
$
0.35
$
(0.31
)
$
(0.80
)
Net income (loss) per share attributable to common stockholders, diluted
$
0.34
$
(0.31
)
$
(0.80
)
Weighted-average shares used to compute basic net income (loss) per share
26,201
26,048
23,467
Weighted-average shares used to compute diluted net income (loss) per share
27,070
26,048
23,467
SiTime CorporationUnaudited GAAP Condensed Consolidated Statements of Operations
Year Ended
December 31,2025
December 31,2024
(in thousands, except per share data)
Revenue
$
326,660
$
202,697
Cost of revenue
151,674
98,203
Gross profit
174,986
104,494
Operating expenses:
Research and development
118,893
106,855
Selling, general and administrative
116,504
102,157
Acquisition related costs
6,567
10,722
Total operating expenses
241,964
219,734
Loss from operations
(66,978
)
(115,240
)
Interest income
24,830
22,883
Other expense, net
(157
)
