SITM — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• In May 2026, the Company issued $1,350.0 million aggregate principal amount of 0% Convertible Senior Notes due 2031. The proceeds were used to fund a portion of the cash consideration of $1,500.0 million paid in connection with the acquisition of the Timing business from Renesas, which was completed…

• We derive revenue primarily from sales of Precision Timing solutions to distributors. We also sell products directly to some of our end customers. Our sales are made pursuant to standard purchase orders which may be cancelled, reduced, or rescheduled, with little or no notice. We recognize product r…

• (in thousands except percentage)(in thousands except percentage)

• Revenue increased by $87.9 million, or 127%, for the three months ended June 30, 2026 compared to the same period in the prior year primarily driven by demand for our products in the AI and datacenter applications. Revenue increased by $141.2 million, or 109%, for the six months ended June 30, 2026 …

• Our top three customers by revenue, which are distributors, together accounted for approximately 66% of our revenue for the three months ended June 30, 2026 and 2025, and 66% and 64% of our revenues for the six months ended June 30, 2026 and 2025, respectively.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• We derive revenue primarily from sales of Precision Timing solutions to distributors. We also sell products directly to some of our end customers. Our sales are made pursuant to standard purchase orders which may be cancelled, reduced, or rescheduled, with little or no notice. We recognize product r…

• Revenue increased by $53.3 million, or 88%, for the three months ended March 31, 2026 compared to the same period in the prior year primarily driven by demand for our products in the AI and datacenter applications. The increase was primarily related to an in average selling prices of our products du…

• Our top three customers by revenue, which are distributors, together accounted for approximately 66% and 64% of our revenue for the three months ended March 31, 2026 and 2025, respectively. Revenue attributable to our largest ten end customers accounted for 67% and 64% for the three months ended Mar…

• Gross profit increased by $36.6 million in the three months ended March 31, 2026 compared to the same period in the prior year. Gross profit increased $41.1 million mainly from higher revenue which was partially offset by higher other manufacturing and overhead costs of $2.4 million, consisting of d…

• Gross margin was higher by 8.7% in the three months ended March 31, 2026 compared to the same period in the prior year. The gross margins increased by 4.9% due to impact of leverage from higher revenue, 3.1% due to a change in the mix of products shipped, and 0.6% due to lower stock-based compensati…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• controls can provide absolute assurance that all control issues and instances of fraud, if any, within SiTime have been detected.

Text added vs the prior filing · source: 10-Q · 2026-08-06

• •geopolitical and military conflicts, including the effects of political and military conflict in Russia, Ukraine, and the Middle East;

• •the successful integration of employees who join the Company through hiring, acquisitions, or other business expansion initiatives, and the risk that differences in organizational culture, work practices, expectations, or employee engagement may reduce collaboration, distract management, increase t…

• We have in the past and may in the future make business investments and may not be able to realize the potential benefits of business investments, which could hurt our ability to grow our business, develop new products or sell our products.

• We have invested and may continue to invest in private companies to further our strategic objectives and to support certain key business initiatives. These companies can include early-stage companies still defining their strategic direction. Our investments in private companies could create volatili…

• We have in the past and may in the future make acquisitions that could disrupt our business, cause dilution to our stockholders, reduce our financial resources, and harm our business.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• •geopolitical and military conflicts, including the effects of Russia’s invasion of Ukraine;

• •travel, work-from-home or other restrictions or stoppages, like those imposed by governments around the world as a result of pandemics.

• We may make acquisitions in the future that could disrupt our business, cause dilution to our stockholders, reduce our financial resources, and harm our business.

• We have in the past, and may in the future, seek to acquire other businesses, products, or technologies. For example, in December 2023, we closed the acquisition of certain assets and an exclusive license to certain intellectual property of Aura. Also, on February 4, 2026, we entered into the Asset …

• These transactions, including the Renesas Acquisition, or parts of any such transactions, may fail to be completed due to factors such as: failure to obtain regulatory or other required approvals, disputes or litigation, or difficulties obtaining financing for the transaction. Even if we fail to com…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Lionel BonnotExecutive Vice President, Worldwide Sales and Business DevelopmentTerminationMay 11, 2026

• Katherine SchuelkeDirectorTerminationMay 12, 2026XAugust 7, 20261,290

• Piyush SevaliaExecutive Vice President, MarketingTerminationJune 5, 2026XAugust 21, 202615,066

• Samsheer AhmadSenior Vice President, Finance and Chief Accounting OfficerAdoptionJune 9, 2026XFebruary 12, 202713,000

• Fariborz AssaderaghiExecutive Vice President, Engineering and OperationsAdoptionJune 14, 2026XFebruary 26, 20273,793

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• Rajesh Vashist, through Aldebran Constellation LLCChief Executive Officer