Why SiTime Stock Blasted Almost 27% Higher on Thursday
The company smashed second-quarter estimates.
Overview
Shares of silicon timing components specialist SiTime (NASDAQ: SITM) raced to a double-digit gain on Thursday. Investors were reacting to an impressive second-quarter earnings report published by the company after market close the previous day. Its stock closed the day nearly 27% higher.
SiTime earned net revenue of $157.4 million, more than double the $69.5 million it posted in the same quarter of 2025. This was led by the white-hot communications, enterprise, and data center end market, currently in the midst of feverish build-outs of artificial intelligence (AI) capacity; this segment's revenue grew by 181%.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.