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SITM · Analysis updated Nov 6, 2026, 6:12 PM ET
Why is SiTime Corporation (SITM) stock moving?
SiTime Corporation (SITM) reported strong Q3 2026 results with net revenue climbing 257% YoY to $298.7 million and non-GAAP EPS surging to $4.01, surpassing market consensus. Growth was driven by 202% YoY expansion in core Communications, Enterprise, and Data Center (CED) revenues and the full-quarter contribution of Renesas' Timing Products Division ($86.3M). Management also delivered above-consensus Q4 revenue guidance of $331M-$341M and announced a 3-for-1 stock split. However, the market saw heavy profit-taking and multiple compression on November 5, with shares declining to close at $355.00 on exceptionally high volume of over 3 million shares. Wall Street analysts including UBS and Needham maintained Buy ratings while calibrating price targets between $425 and $650. The sharp price correction sets up an attractive valuation reset given underlying operational acceleration and expanding AI hardware design wins.
News behind the analysis
- SiTime (SITM) Delivers Strong Q3 2026 Results Driven by AI Timing DemandSiTime reported Q3 revenue of $298.7 million, up 257% YoY, and non-GAAP EPS of $4.01, surpassing consensus estimates.
- SiTime Price Target Cut to $650 by UBS Following Earnings Sell-OffUBS trimmed its target on SITM to $650 from $750 while maintaining a Buy rating after the post-earnings pullback.
- SiTime Q3 FY 2026: Optical Demand Expands Timing ContentDemand for precision timing in AI optical networking drove a 202% surge in core CED revenues as non-GAAP operating margin reached 43.4%.
- SiTime Corporation (SITM) Q3 2026 Earnings Call TranscriptManagement guided Q4 revenue to $331M-$341M with EPS of $4.76 and announced a 3-for-1 stock split effective in early December.
- SiTime Q3 Revenue Hits $299M; Acquisition Adds $86.3MSiTime's Form 10-Q filing confirmed the first full quarter consolidation of Renesas' Timing Products Division.