Recent News
On August 6, 2025, SiTime reported second-quarter 2025 results showing net revenue of $69.5 million, a 58% year-over-year increase and GAAP gross margin of 51.9%. On September 17, 2025, the company launched the Titan Platform, a new family of MEMS resonators targeting the wearable market. On August 27, 2025, investor research outlets noted a lift in SiTime’s Relative Strength rating into the 90s, citing strong price performance and accelerating earnings growth.
Technical Analysis
Directional (ADX / DI+ / DI-): ADX at 21.8 indicates an emerging trend rather than a strong one. DI+ exhibited a dip-and-reverse, a bullish development that signals buying pressure returned after a pullback. DI- showed a peak-and-reverse, which also reads bullish because downward pressure has abated.
MACD: MACD sits at 0.16 while the signal line reads 2.32; MACD remains below the signal line, but the MACD trend shows a dip-and-reversal indicating bullish momentum buildup even though a confirmatory cross has not occurred.
MRO (Momentum/Regression Oscillator): MRO at 13.48 sits on the positive side, which implies the market price sits above the valuation target and therefore creates downward pressure; the MRO trend decreasing suggests that that overvaluation pressure has been easing recently.
RSI: RSI at 55.01 registered a dip-and-reversal, indicating renewed buying interest without overbought readings and supporting a near-term bullish tilt.
Price vs Moving Averages and Bands: The last close at $289.64 trades above the 20-day average ($280.06), 50-day average ($276.35) and the 200-day average ($210.48), which aligns with constructive short-term momentum. Bollinger upper and lower bands imply a moderate trading range around current levels and the 20-day standard deviation sits at $10.37, consistent with elevated but manageable short-term volatility.
Volume & Volatility: Daily volume of ~343k exceeds the 10-day average (~274k) and approximates the 50/200-day averages, supporting recent price moves. Short-horizon beta (42-day 3.48) and 52-week beta (2.84) confirm elevated sensitivity to market swings, suggesting moves can be amplified.
Fundamental Analysis
Revenue and Profitability: Total revenue of $69,494,000 in the period aligns with reported Q2 results. YoY revenue growth shows conflicting metrics in the dataset; the standalone revenueGrowth value indicates 15.22% while year-over-year revenue growth fields show a -53.65% figure; the company’s Q2 disclosure and reported net revenue imply meaningful sequential recovery driven by Communications, Enterprise and Data Center demand. Gross margin at 51.88% exceeds the industry peer mean of 47.17% and sits near industry median levels, reflecting healthy product-level profitability.
Operating Performance: Operating income (EBIT) registered negative $22,739,000, producing an operating margin of -32.72%, substantially below the industry peer mean operating margin of 18.60% and the industry peer median of 24.79%. Operating margin fell QoQ by 25.66% and declined YoY by 50.77% on the provided QoQ/YoY deltas, reflecting elevated operating expenses versus revenue despite improving revenue trends.
Cash & Capital Structure: Cash and short-term investments total $796,666,000 and the current ratio reads 8.54 with a quick ratio of 7.76, indicating a strong liquidity cushion. Total debt remains minimal at $5,245,000, producing a debt-to-assets ratio of 0.41% and debt-to-equity of 0.48%, both well below typical leverage levels.
Returns & Efficiency: Return on equity stands at -1.83% and return on assets at -1.89%, both negative and declining YoY and QoQ, reflecting losses at the operating and net levels. Asset turnover reads 6.49%, indicating low revenue generation per dollar of assets, though asset turnover improved YoY by 34.75% per the provided figure.
Earnings and Market Multiples: Reported EPS of $0.47 exceeded the estimate of $0.28, producing an EPS surprise of 67.86%. Price multiples sit at elevated levels: trailing PE about 423x, price-to-book roughly 4.99x, and price-to-sales at 79.03x; these mark the stock as richly priced relative to typical valuation ranges. WMDST values the stock as over-valued based on the current inputs and multiple compression risk given operating losses.
Valuation Summary: The current valuation as determined by WMDST classifies the stock as over-valued. Price target mean sits at $314.12 versus last close $289.64; MRO and elevated multiples suggest downside pressure if operating losses persist despite revenue acceleration.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 38.8 M |
| Operating Cash Flow | $ 15.3 M | |
| Capital Expenditures | $ -18.27 M | |
| Change In Working Capital | $ -5.46 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 133.7 M | |
| End Period Cash Flow | $ 172.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 69.5 M | |
| Forward Revenue | $ -8.12 M | |
| COSTS | ||
| Cost Of Revenue | $ 33.4 M | |
| Depreciation | $ 9.8 M | |
| Depreciation and Amortization | $ 9.8 M | |
| Research and Development | $ 30.6 M | |
| Total Operating Expenses | $ 92.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 36.1 M | |
| EBITDA | $ -12.96 M | |
| EBIT | $ -22.74 M | |
| Operating Income | $ -22.74 M | |
| Interest Income | $ 4.3 M | |
| Interest Expense | — | |
| Net Interest Income | $ 4.3 M | |
| Income Before Tax | $ -20.14 M | |
| Tax Provision | $ 35.0 K | |
| Tax Rate | 21.0 % | |
| Net Income | $ -20.18 M | |
| Net Income From Continuing Operations | $ -20.18 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.28 | |
| EPS Actual | $ 0.47 | |
| EPS Difference | $ 0.19 | |
| EPS Surprise | 67.857 % | |
| Forward EPS | $ 0.36 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.3 B | |
| Intangible Assets | $ 243.0 M | |
| Net Tangible Assets | $ 857.6 M | |
| Total Current Assets | $ 918.9 M | |
| Cash and Short-Term Investments | $ 796.7 M | |
| Cash | $ 172.5 M | |
| Net Receivables | $ 26.9 M | |
| Inventory | $ 84.1 M | |
| Long-Term Investments | $ 1.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 13.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 107.5 M | |
| Net Debt | — | |
| Total Debt | $ 5.2 M | |
| Total Liabilities | $ 168.5 M | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ -226.06 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 42.33 | |
| Shares Outstanding | 26.004 M | |
| Revenue Per-Share | $ 2.67 | |
| VALUATION | Market Capitalization | $ 5.5 B |
| Enterprise Value | $ 4.7 B | |
| Enterprise Multiple | -362.637 | |
| Enterprise Multiple QoQ | 84.455 % | |
| Enterprise Multiple YoY | 206.374 % | |
| Enterprise Multiple IPRWA | high: 209.03 mean: 59.909 median: 49.069 low: -115.004 SITM: -362.637 |
|
| EV/R | 67.639 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.153 | |
| Asset To Liability | 7.534 | |
| Debt To Capital | 0.005 | |
| Debt To Assets | 0.004 | |
| Debt To Assets QoQ | -39.265 % | |
| Debt To Assets YoY | 42.414 % | |
| Debt To Assets IPRWA | high: 0.638 median: 0.206 mean: 0.195 SITM: 0.004 low: 0.004 |
|
| Debt To Equity | 0.005 | |
| Debt To Equity QoQ | -44.341 % | |
| Debt To Equity YoY | 29.973 % | |
| Debt To Equity IPRWA | high: 1.649 mean: 0.359 median: 0.318 SITM: 0.005 low: -0.118 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.99 | |
| Price To Book QoQ | -9.905 % | |
| Price To Book YoY | 16.613 % | |
| Price To Book IPRWA | high: 13.227 SITM: 4.99 mean: 4.141 median: 2.914 low: -2.007 |
|
| Price To Earnings (P/E) | 423.124 | |
| Price To Earnings QoQ | -31.956 % | |
| Price To Earnings YoY | -60.361 % | |
| Price To Earnings IPRWA | SITM: 423.124 high: 322.923 mean: 81.501 median: 55.813 low: -85.508 |
|
| PE/G Ratio | 5.239 | |
| Price To Sales (P/S) | 79.027 | |
| Price To Sales QoQ | 24.28 % | |
| Price To Sales YoY | 16.994 % | |
| Price To Sales IPRWA | high: 118.859 SITM: 79.027 mean: 22.145 median: 16.194 low: 0.291 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 537.056 | |
| Forward PE/G | 6.649 | |
| Forward P/S | -676.688 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -0.942 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.065 | |
| Asset Turnover Ratio QoQ | -5.448 % | |
| Asset Turnover Ratio YoY | 34.752 % | |
| Asset Turnover Ratio IPRWA | high: 0.362 mean: 0.136 median: 0.123 SITM: 0.065 low: 0.003 |
|
| Receivables Turnover | 2.528 | |
| Receivables Turnover Ratio QoQ | 38.991 % | |
| Receivables Turnover Ratio YoY | 8.804 % | |
| Receivables Turnover Ratio IPRWA | high: 3.244 SITM: 2.528 mean: 2.197 median: 2.051 low: 0.663 |
|
| Inventory Turnover | 0.401 | |
| Inventory Turnover Ratio QoQ | 6.614 % | |
| Inventory Turnover Ratio YoY | 30.288 % | |
| Inventory Turnover Ratio IPRWA | high: 1.313 mean: 0.693 median: 0.686 SITM: 0.401 low: 0.159 |
|
| Days Sales Outstanding (DSO) | 36.096 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 232.321 | |
| Cash Conversion Cycle Days QoQ | 11.622 % | |
| Cash Conversion Cycle Days YoY | -41.236 % | |
| Cash Conversion Cycle Days IPRWA | high: 421.858 SITM: 232.321 median: 138.562 mean: 130.925 low: -46.823 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.086 | |
| CapEx To Revenue | -0.263 | |
| CapEx To Depreciation | -1.868 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.1 B | |
| Invested Capital | $ 1.1 B | |
| Net Tangible Assets | $ 857.6 M | |
| Net Working Capital | $ 811.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 7.408 | |
| Current Ratio | 8.545 | |
| Current Ratio QoQ | 75.476 % | |
| Current Ratio YoY | 24.044 % | |
| Current Ratio IPRWA | high: 10.851 SITM: 8.545 mean: 3.197 median: 2.755 low: 0.359 |
|
| Quick Ratio | 7.762 | |
| Quick Ratio QoQ | 89.574 % | |
| Quick Ratio YoY | 29.21 % | |
| Quick Ratio IPRWA | high: 11.513 SITM: 7.762 mean: 2.406 median: 1.962 low: 0.295 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -0.405 | |
| Cost Of Debt | 80.979 % | |
| Interest Coverage Ratio | -3.969 | |
| Interest Coverage Ratio QoQ | -14.341 % | |
| Interest Coverage Ratio YoY | -22.012 % | |
| Interest Coverage Ratio IPRWA | high: 106.184 median: 18.179 mean: 13.831 SITM: -3.969 low: -86.97 |
|
| Operating Cash Flow Ratio | -0.208 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 57.572 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 45.526 % | |
| Revenue Growth | 15.22 % | |
| Revenue Growth QoQ | -232.961 % | |
| Revenue Growth YoY | -53.653 % | |
| Revenue Growth IPRWA | high: 39.13 % SITM: 15.22 % mean: 3.381 % median: 1.591 % low: -16.026 % |
|
| Earnings Growth | 80.769 % | |
| Earnings Growth QoQ | -276.225 % | |
| Earnings Growth YoY | -132.308 % | |
| Earnings Growth IPRWA | high: 122.222 % SITM: 80.769 % median: 10.0 % mean: 9.049 % low: -53.846 % |
|
| MARGINS | ||
| Gross Margin | 51.878 % | |
| Gross Margin QoQ | 3.143 % | |
| Gross Margin YoY | 5.733 % | |
| Gross Margin IPRWA | high: 86.179 % median: 55.075 % SITM: 51.878 % mean: 47.17 % low: -13.046 % |
|
| EBIT Margin | -32.721 % | |
| EBIT Margin QoQ | -25.656 % | |
| EBIT Margin YoY | -50.772 % | |
| EBIT Margin IPRWA | high: 61.973 % median: 24.792 % mean: 18.599 % SITM: -32.721 % low: -152.931 % |
|
| Return On Sales (ROS) | -32.721 % | |
| Return On Sales QoQ | -25.656 % | |
| Return On Sales YoY | -50.772 % | |
| Return On Sales IPRWA | high: 61.973 % median: 24.792 % mean: 17.569 % SITM: -32.721 % low: -152.931 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -2.92 M | |
| Free Cash Flow Yield | -0.053 % | |
| Free Cash Flow Yield QoQ | 43.243 % | |
| Free Cash Flow Yield YoY | -43.617 % | |
| Free Cash Flow Yield IPRWA | high: 2.561 % median: 1.505 % mean: -0.025 % SITM: -0.053 % low: -14.288 % |
|
| Free Cash Growth | 107.741 % | |
| Free Cash Growth QoQ | -346.914 % | |
| Free Cash Growth YoY | -6.385 % | |
| Free Cash Growth IPRWA | high: 370.37 % SITM: 107.741 % mean: 7.811 % median: -6.472 % low: -185.015 % |
|
| Free Cash To Net Income | 0.145 | |
| Cash Flow Margin | -32.161 % | |
| Cash Flow To Earnings | 1.108 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -1.885 % | |
| Return On Assets QoQ | -30.648 % | |
| Return On Assets YoY | -35.884 % | |
| Return On Assets IPRWA | high: 5.595 % median: 2.489 % mean: 2.393 % SITM: -1.885 % low: -22.34 % |
|
| Return On Capital Employed (ROCE) | -1.958 % | |
| Return On Equity (ROE) | -0.018 | |
| Return On Equity QoQ | -46.839 % | |
| Return On Equity YoY | -52.574 % | |
| Return On Equity IPRWA | high: 0.098 mean: 0.042 median: 0.037 SITM: -0.018 low: -0.221 |
|
| DuPont ROE | -2.251 % | |
| Return On Invested Capital (ROIC) | -1.632 % | |
| Return On Invested Capital QoQ | -46.103 % | |
| Return On Invested Capital YoY | -125.205 % | |
| Return On Invested Capital IPRWA | high: 19.024 % mean: 3.183 % median: 3.146 % SITM: -1.632 % low: -13.453 % |
|