SiTime reported strong revenue growth in Q4 2024, driven by demand for precision timing in AI-driven Communications, Enterprise, and Datacenter markets. The company exceeded revenue expectations, growing over 30% across all customer segments and entering 2025 with significant momentum.
“In Q4, we surpassed revenue expectations highlighting our market diversification, and entered 2025 with strong momentum,” said Rajesh Vashist, CEO and chairman of SiTime. “We reported over 30% growth across all customer segments, with our Communications, Enterprise, and Datacenter business experiencing significant gains due to the critical role of precision timing in AI.”
• Revenue: $68.1 million, up 18% QoQ, up 61% YoY
• GAAP gross profit: $35.8 million (52.6% margin)
• GAAP net loss: $18.8 million (-$0.80 per share)
• Non-GAAP gross profit: $40.1 million (58.8% margin)
• Non-GAAP net income: $11.8 million ($0.48 per share)
Full-Year 2024 Performance
• Revenue: $202.7 million, up 41% YoY
• GAAP gross profit: $104.5 million (51.6% margin)
• GAAP net loss: $93.6 million (-$4.05 per share)
• Non-GAAP gross profit: $118.0 million (58.2% margin)
• Non-GAAP net income: $22.2 million ($0.93 per share)
• Total cash and investments: $418.8 million
Key Business Insights
• AI-driven demand for precision timing solutions led to significant gains in Communications, Enterprise, and Datacenter markets
• Over 30% growth across all customer segments, highlighting strong market diversification
• The Aura transaction resulted in a $7.3 million payment in Q4
