SiTime Corporation (SITM)
NASDAQ (NMS) NASDAQ (NMS) Primary 
XMEX 
SiTime: Upgrading To Buy As Rapid TAM Expansion Outpaces Premium Valuation
SiTime is upgraded from Hold to Buy as its TAM expands rapidly across AI data centers, optical modules, and Apple's internal modem adoption. SITM's Q2 revenue and EPS beat consensus by 8% and 21%, with non-GAAP EBIT up 647% YoY, driven by strong CED segment growth and operating leverage. The Renesas TPD acquisition accelerates SITM's clock IC portfolio, delivering faster-than-expected revenue and positioning the company as a complete timing solutions provider.
Renesas' TPD Business Could Unlock Significant Earnings Growth For SiTime
I'm rating SiTime Corporation a Strong Buy with an $850 price target, implying 49% upside from current levels. I believe growth will be driven by higher precision timing content in AI servers, optical networking upgrades, Renesas clocking products, and expanding automotive and industrial demand. SITM trades at a 0.49x FWD non-GAAP PEG, representing a 61% discount to the sector median of 1.26x. My projected 2028 EPS of $17.72 supports an $850 price target.
SiTime: The Silicon Timing Inflection Point
SiTime is at an inflection point, benefiting from surging MEMS timing adoption and robust topline growth, with a near-monopoly in its niche. SITM's Q2 2026 revenue soared 126.5% Y/Y to $157.43M, marking its first GAAP profit and highlighting accelerating operational leverage. The Renesas clock and timing business acquisition nearly doubled SITM's revenue base, expanding its customer reach and annualized run rate to $1.1B.
Why Is SiTime (SITM) Down 16.4% Since Last Earnings Report?
SiTime (SITM) reported earnings 30 days ago. What's next for the stock?
How Much Upside is Left in SiTime (SITM)? Wall Street Analysts Think 37.15%
The average of price targets set by Wall Street analysts indicates a potential upside of 37.2% in SiTime (SITM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Earnings Estimates Moving Higher for SiTime (SITM): Time to Buy?
SiTime (SITM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
SiTime Q2 Earnings Beat Estimates, Revenues Increase Y/Y
SITM's Q2 earnings beat estimates as revenues surge 127%, led by CED growth, while margins expand and its Renesas deal strengthens the Q3 outlook.
SITM Q2 Earnings Call Points to AI Growth and TPD Upside
SiTime sees AI infrastructure and TPD fueling a sharp Q3 revenue step-up as rising timing content and longer orders improve visibility into 2027.
SiTime Q2 Earnings Call Highlights
SiTime NASDAQ: SITM reported second-quarter 2026 results marked by broad revenue growth, higher margins and increased profitability, while outlining a substantially larger third-quarter outlook following the July 1 closing of its acquisition of Renesas Electronics' Timing Products Division.
SiTime Corporation (SITM) Q2 2026 Earnings Call Transcript
SiTime Corporation (SITM) Q2 2026 Earnings Call Transcript
SiTime (SITM) Q2 Earnings and Revenues Beat Estimates
SiTime (SITM) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $0.47 per share a year ago.
SITM Gears Up to Report Q2 Earnings: What's in Store for the Stock?
SiTime is set to report Q2 results on Aug. 5, with triple-digit revenue growth expected on AI demand, premium timing products and customer gains.
