SiTime Corporation Q1 FY2026 earnings call

2026 started strongly driven by AI infrastructure and increased demand for precision timing. SciTime addresses a $4 billion SAM in the timing market. Long-term financial model of 25 - 30% annual revenue growth exceeded. Q1 2026 revenue $113.6M, up 88% y/y; EPS up fivefold to $1.44. CED grew 158% y/y for eighth consecutive quarter of triple-digit growth. Elite 2 Super TCXO has better synchronization performance. Expect 1.6 terabit optical modules demand in 2026. Aerospace defense benefits from LEO satellite launches. Mobile consumer business driven by AI categories with Titan resonators gaining traction.

In Q1 2026, SciTime delivered $113.6 million, up 88% year over year. Communications enterprise and data center revenue was $75.7 million, or 66.6% of total revenue, growing 158% year over year. Automotive industrial and aerospace defense revenue was $21.2 million, or 18.7% of total revenue, up 51% year-on-year. Mobile IoT and consumer revenue was $16.7 million, or 14.7% of total revenue, down 1% year over year.

Full year revenue growth expectation increased to at least 80%. Q2 revenue expected $140 - $150 million, up over 100% y/y. Gross margin approx 65%. Operating expenses $46 - $47 million. Q2 non-GAAP EPS expected $1.85 - $2 per share.

Forward-looking statements carry risks of actual results differing; refer to SEC filings for detailed risks.

Q: Tim Arcuri asks about CED growth reasons, A: Rajesh says it's from inference infrastructure and data center networking bandwidth.

Q: Tori Spanberg asks about Q2 segment performance, A: Rajesh says CED continues fast growth, others stable.

Q: Quinn Bolton asks about inference driving precision timing demand, A: Rajesh explains related to GPU utilization.

Q: Chris Casso asks about growth drivers, A: Rajesh says it's units, ASPs and new customer penetration.

Q: Gary Mobley asks about Renaissance acquisition OPEX and customer feedback, A: OPEX structure normal, customer feedback positive.

Q: Jim Schneider asks about OPEX trajectory, A: Beth says will continue investing for growth.

Q: Suji Da Silva asks about CD and optical module customer adoption, A: Rajesh says it's due to performance, reliability and supply chain