Recent News
On February 5, 2026 Renesas announced a memorandum of understanding to explore integrating SiTime’s MEMS resonator technology into Renesas MCUs and SoCs. On February 4–5, 2026 multiple reports covered an asset purchase agreement and related transaction details tying SiTime to Renesas’ timing business, including proposed cash and stock consideration. Stifel publicly raised its price target citing edge-AI demand on January 22, 2026. SiTime participated in investor conferences in late February and early March 2026 where management discussed AI-facing end markets. Institutional ownership filings noted a material stake held by American Century as of early March 2026.
Technical Analysis
Directional indicators present an emerging but bearish bias: ADX at 23.29 signals an emerging trend while DI+ at 21.96 decreases and DI- at 21.94 increases, indicating directional momentum favors sellers and elevating near-term downside pressure.
MACD sits at -5.11 and declines below its signal line (signal = 3.06), reflecting bearish momentum that supports further consolidation or pullback in the near term.
MRO at 18.07 places price above WMDST’s target and, combined with the oscillator’s recent dip-and-reversal, implies moderate downside potential as mean reversion pressure could resume.
RSI at 52.28 and trending lower signals neutral-to-slightly-weak momentum; the indicator does not show oversold conditions, so follow-through selling remains possible before a clear rebound.
Price trades below short-term averages—20-day average $385.60 and 50-day average $375.88—while remaining above the 200-day average $289.26, indicating short-term weakness within a longer-term uptrend. The close at $350.93 sits just above the 1x lower Bollinger band ($350.17), highlighting a proximity to short-term support. Daily volume (255,373) runs below the 10-day average (431,404), suggesting tentative conviction behind recent moves. Elevated 42‑day beta 1.74 and 52‑week beta 2.57 reflect above-market sensitivity, amplifying risk around headline events.
Fundamental Analysis
Revenue growth shows strong momentum: total revenue $113,285,000 with YoY revenue growth 97.05% and QoQ growth 75.61%, demonstrating robust top-line expansion into AI and edge segments. Gross margin at 56.39% improved YoY and QoQ, supporting operating leverage potential as product mix shifts upmarket.
Operating (EBIT) margin stands at 4.21%, markedly below the industry peer mean of 32.72% and the industry peer median of 31.71%, indicating significant room for margin expansion if scale and product mix improvements materialize. EBIT $4,771,000 and EBITDA $16,202,000 produce positive operating cash flow dynamics, though operating leverage reads negative and signals sensitivity to revenue swings.
Profitability metrics show EPS actual $1.53 versus estimate $1.21, an EPS surprise of $0.32 or +26.45%, and forward EPS $1.649. Forward P/E near 192.62 and trailing P/E ~220.51 reflect stretched valuation relative to typical market multiples; price-to-sales 78.32 and price-to-book 7.67 also sit above industry peer means (PS mean 26.61; PB mean 5.52), underscoring premium pricing for growth expectations.
Balance sheet and liquidity display exceptional strength: cash and short-term investments $808,407,000, cash ratio 9.62, current ratio 11.30, and quick ratio 10.33. Total debt minimal at $3,610,000 with debt-to-assets ~0.28%, affording financial flexibility for acquisitions or capex. Cash conversion cycle 177.64 days exceeds the industry peer mean of 122.98 days, reflecting longer working capital conversion and inventory intensity (days inventory outstanding ~197.65 days).
Free cash flow $12,767,000 and free cash flow yield 0.14% lag the industry peer mean of ~1.50%, pointing to limited cash yield versus market cap despite strong liquidity reserves. WMDST values the stock as over-valued, with enterprise multiple and EVR elevated versus typical comparables, implying the market prices substantial execution on scale and acquisition synergies.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-04 |
| NEXT REPORT DATE: | 2026-05-06 |
| CASH FLOW | Begin Period Cash Flow | $ 27.1 M |
| Operating Cash Flow | $ 25.4 M | |
| Capital Expenditures | $ -12.61 M | |
| Change In Working Capital | $ -23.54 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -10.35 M | |
| End Period Cash Flow | $ 16.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 113.3 M | |
| Forward Revenue | $ 134.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 49.4 M | |
| Depreciation | $ 11.4 M | |
| Depreciation and Amortization | $ 11.4 M | |
| Research and Development | $ 28.3 M | |
| Total Operating Expenses | $ 108.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 63.9 M | |
| EBITDA | $ 16.2 M | |
| EBIT | $ 4.8 M | |
| Operating Income | $ 4.8 M | |
| Interest Income | $ 8.0 M | |
| Interest Expense | — | |
| Net Interest Income | $ 8.0 M | |
| Income Before Tax | $ 9.6 M | |
| Tax Provision | $ 385.0 K | |
| Tax Rate | 4.031 % | |
| Net Income | $ 9.2 M | |
| Net Income From Continuing Operations | $ 9.2 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.21 | |
| EPS Actual | $ 1.53 | |
| EPS Difference | $ 0.32 | |
| EPS Surprise | 26.446 % | |
| Forward EPS | $ 1.65 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.3 B | |
| Intangible Assets | $ 234.5 M | |
| Net Tangible Assets | $ 921.7 M | |
| Total Current Assets | $ 949.3 M | |
| Cash and Short-Term Investments | $ 808.4 M | |
| Cash | $ 16.8 M | |
| Net Receivables | $ 45.0 M | |
| Inventory | $ 81.6 M | |
| Long-Term Investments | $ 1.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 21.3 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 84.0 M | |
| Net Debt | — | |
| Total Debt | $ 3.6 M | |
| Total Liabilities | $ 138.5 M | |
| EQUITY | ||
| Total Equity | $ 1.2 B | |
| Retained Earnings | $ -224.90 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 43.96 | |
| Shares Outstanding | 26.299 M | |
| Revenue Per-Share | $ 4.31 | |
| VALUATION | Market Capitalization | $ 8.9 B |
| Enterprise Value | $ 8.1 B | |
| Enterprise Multiple | 497.957 | |
| Enterprise Multiple QoQ | -148.115 % | |
| Enterprise Multiple YoY | -233.708 % | |
| Enterprise Multiple IPRWA | high: 559.343 SITM: 497.957 mean: 67.92 median: 44.001 low: -343.676 |
|
| EV/R | 71.218 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.12 | |
| Asset To Liability | 9.347 | |
| Debt To Capital | 0.003 | |
| Debt To Assets | 0.003 | |
| Debt To Assets QoQ | -19.597 % | |
| Debt To Assets YoY | -60.369 % | |
| Debt To Assets IPRWA | high: 0.349 mean: 0.17 median: 0.145 low: 0.005 SITM: 0.003 |
|
| Debt To Equity | 0.003 | |
| Debt To Equity QoQ | -22.388 % | |
| Debt To Equity YoY | -64.983 % | |
| Debt To Equity IPRWA | high: 1.279 mean: 0.31 median: 0.211 low: 0.006 SITM: 0.003 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 7.674 | |
| Price To Book QoQ | 21.592 % | |
| Price To Book YoY | 5.623 % | |
| Price To Book IPRWA | high: 13.806 SITM: 7.674 mean: 5.519 median: 4.056 low: 0.806 |
|
| Price To Earnings (P/E) | 220.508 | |
| Price To Earnings QoQ | -125.62 % | |
| Price To Earnings YoY | -50.87 % | |
| Price To Earnings IPRWA | high: 305.636 SITM: 220.508 mean: 84.344 median: -11.364 low: -243.893 |
|
| PE/G Ratio | -0.372 | |
| Price To Sales (P/S) | 78.322 | |
| Price To Sales QoQ | -6.015 % | |
| Price To Sales YoY | 4.931 % | |
| Price To Sales IPRWA | high: 97.421 SITM: 78.322 mean: 26.61 median: 17.485 low: 3.249 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 192.62 | |
| Forward PE/G | -0.325 | |
| Forward P/S | 66.205 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -3.656 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.088 | |
| Asset Turnover Ratio QoQ | 34.217 % | |
| Asset Turnover Ratio YoY | 14.016 % | |
| Asset Turnover Ratio IPRWA | high: 0.238 mean: 0.163 median: 0.162 SITM: 0.088 low: 0.034 |
|
| Receivables Turnover | 3.354 | |
| Receivables Turnover Ratio QoQ | -0.914 % | |
| Receivables Turnover Ratio YoY | 68.392 % | |
| Receivables Turnover Ratio IPRWA | high: 4.908 SITM: 3.354 mean: 2.356 median: 2.058 low: 0.632 |
|
| Inventory Turnover | 0.587 | |
| Inventory Turnover Ratio QoQ | 29.107 % | |
| Inventory Turnover Ratio YoY | 35.206 % | |
| Inventory Turnover Ratio IPRWA | high: 1.202 mean: 0.742 median: 0.724 SITM: 0.587 low: 0.485 |
|
| Days Sales Outstanding (DSO) | 27.203 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 177.643 | |
| Cash Conversion Cycle Days QoQ | -17.949 % | |
| Cash Conversion Cycle Days YoY | -19.253 % | |
| Cash Conversion Cycle Days IPRWA | high: 196.578 SITM: 177.643 median: 125.075 mean: 122.983 low: 48.891 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.131 | |
| CapEx To Revenue | -0.111 | |
| CapEx To Depreciation | -1.103 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.2 B | |
| Net Invested Capital | $ 1.2 B | |
| Invested Capital | $ 1.2 B | |
| Net Tangible Assets | $ 921.7 M | |
| Net Working Capital | $ 865.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 9.623 | |
| Current Ratio | 11.3 | |
| Current Ratio QoQ | 34.196 % | |
| Current Ratio YoY | 125.251 % | |
| Current Ratio IPRWA | SITM: 11.3 high: 10.418 mean: 3.175 median: 2.46 low: 0.939 |
|
| Quick Ratio | 10.329 | |
| Quick Ratio QoQ | 35.255 % | |
| Quick Ratio YoY | 139.711 % | |
| Quick Ratio IPRWA | SITM: 10.329 high: 9.909 mean: 2.417 median: 1.779 low: 0.579 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.223 | |
| Cost Of Debt | 93.511 % | |
| Interest Coverage Ratio | 0.833 | |
| Interest Coverage Ratio QoQ | -130.016 % | |
| Interest Coverage Ratio YoY | -122.523 % | |
| Interest Coverage Ratio IPRWA | high: 242.269 mean: 47.342 median: 21.988 SITM: 0.833 low: -74.981 |
|
| Operating Cash Flow Ratio | 0.068 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 47.209 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.386 % | |
| Revenue Growth | 35.562 % | |
| Revenue Growth QoQ | 75.606 % | |
| Revenue Growth YoY | 97.052 % | |
| Revenue Growth IPRWA | SITM: 35.562 % high: 20.574 % mean: 11.382 % median: 8.704 % low: -14.38 % |
|
| Earnings Growth | -593.548 % | |
| Earnings Growth QoQ | 257.652 % | |
| Earnings Growth YoY | -3067.74 % | |
| Earnings Growth IPRWA | high: 147.917 % mean: 21.599 % median: 1.268 % low: -280.0 % SITM: -593.548 % |
|
| MARGINS | ||
| Gross Margin | 56.39 % | |
| Gross Margin QoQ | 5.382 % | |
| Gross Margin YoY | 7.152 % | |
| Gross Margin IPRWA | high: 88.08 % SITM: 56.39 % median: 56.043 % mean: 55.551 % low: 0.701 % |
|
| EBIT Margin | 4.212 % | |
| EBIT Margin QoQ | -122.144 % | |
| EBIT Margin YoY | -113.543 % | |
| EBIT Margin IPRWA | high: 60.153 % mean: 32.722 % median: 31.707 % SITM: 4.212 % low: -113.66 % |
|
| Return On Sales (ROS) | 4.212 % | |
| Return On Sales QoQ | -122.144 % | |
| Return On Sales YoY | -113.543 % | |
| Return On Sales IPRWA | high: 60.153 % mean: 31.593 % median: 30.727 % SITM: 4.212 % low: -113.66 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 12.8 M | |
| Free Cash Flow Yield | 0.144 % | |
| Free Cash Flow Yield QoQ | -61.804 % | |
| Free Cash Flow Yield YoY | -393.878 % | |
| Free Cash Flow Yield IPRWA | high: 4.536 % mean: 1.498 % median: 1.267 % SITM: 0.144 % low: -3.494 % |
|
| Free Cash Growth | -51.39 % | |
| Free Cash Growth QoQ | -94.85 % | |
| Free Cash Growth YoY | -19.374 % | |
| Free Cash Growth IPRWA | high: 225.725 % median: 23.043 % mean: 13.244 % SITM: -51.39 % low: -215.052 % |
|
| Free Cash To Net Income | 1.393 | |
| Cash Flow Margin | 5.034 % | |
| Cash Flow To Earnings | 0.622 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.713 % | |
| Return On Assets QoQ | -213.175 % | |
| Return On Assets YoY | -133.411 % | |
| Return On Assets IPRWA | high: 7.02 % median: 5.823 % mean: 4.575 % SITM: 0.713 % low: -6.463 % |
|
| Return On Capital Employed (ROCE) | 0.394 % | |
| Return On Equity (ROE) | 0.008 | |
| Return On Equity QoQ | -209.229 % | |
| Return On Equity YoY | -129.491 % | |
| Return On Equity IPRWA | high: 0.13 median: 0.089 mean: 0.075 SITM: 0.008 low: -0.084 |
|
| DuPont ROE | 0.811 % | |
| Return On Invested Capital (ROIC) | 0.396 % | |
| Return On Invested Capital QoQ | -134.798 % | |
| Return On Invested Capital YoY | -90.237 % | |
| Return On Invested Capital IPRWA | high: 8.306 % median: 7.826 % mean: 5.893 % SITM: 0.396 % low: -7.625 % |
|