SiTime Q2 revenue surges 127% to $157.4M on AI/datacenter demand; debt raised for Renesas

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Revenue jumped 126.5% YoY to $157.4M in Q2 2026, driven by AI and datacenter timing demand; gross margin expanded 11.1pp to 63% on leverage and favorable mix. Net income swung to $18.2M ($0.66/share) from a year-ago loss.

  MD&A: Revenue & Margins verify on EDGAR →
• high

  Issued $1.35B in 0% convertible notes due 2031 and 3.6M shares to fund the $1.5B Renesas timing acquisition, which closed July 1, 2026 (one day after quarter-end). Established a $200M revolving credit facility, undrawn at quarter-end.

  MD&A & Notes: Renesas Acquisition verify on EDGAR →
• high

  Top-ten end-customer concentration rose to 70% of Q2 revenue (from 64% a year ago), amplifying single-customer risk. Top-three distributors held steady at 66%, while international ship-to revenue ticked up to 95%.

  Risk Factors: Customer Concentration verify on EDGAR →