SiTime Corporation delivered 88% revenue growth and a perfect four-quarter earnings beat streak with an average surprise of 34%, but heavy customer concentration with the top ten end customers representing 65% of revenue and a forward price-to-earnings ratio of 69.6x make the stock vulnerable to both concentration risk and valuation compression.
Thesis pillars
- Exceptional Growth With Perfect Beat Streak→Stable
- Extreme Customer Concentration→Stable
- Premium Valuation At 70x Forward Earnings→Stable
- +1 more pillar — see the Why tab for full reasoning
SiTime Corporation (SITM) Stock Analysis
Technology · Semiconductors
Sell if holding. Engine safety override at $607.28: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10. Specifically: Below-average business quality; Rich valuation; Negative price momentum.
SiTime designs and sells Precision Timing semiconductor solutions — oscillators, clock ICs, MEMS resonators, and synchronization software — using a fabless model with MEMS-based silicon technology, serving AI datacenter, communications, automotive, industrial, and consumer IoT... Read more
Sell if holding. Engine safety override at $607.28: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10. Specifically: Below-average business quality; Rich valuation; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.5/10, moderate confidence.
Passes 5/8 gates (no SEC red flags, news events none recent, earnings proximity 33d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and clean insider activity. Suitability: aggressive.
About SiTime Corporation
About SiTime Corporation
SiTime Corporation's top ten end customers accounted for 65% of 2025 revenue, up from 59% in 2024, while Apple alone — the largest single end customer — contributed about 17%. The company's top three distributors generated 59% of 2025 revenue, reflecting a fabless model that routes substantially all manufacturing and assembly to partners in Germany, Malaysia, Taiwan, Thailand, and Singapore. In 2025, SiTime benefited from strong growth in AI datacenter deployments, its most significant growth segment of the year.
SiTime earns revenue from hardware sales of MEMS-based oscillators, clock ICs, resonators, and bundled synchronization software across AI datacenter, communications, automotive, industrial, aerospace and defense, and consumer IoT markets — a total timing opportunity the company estimates at roughly $11 billion. The fabless model outsources all wafer fabrication and assembly: SiTime relies primarily on Bosch for MEMS wafers under a 10-year supply agreement (initial term through February 2027, auto-renewing) and on TSMC and UMC for analog circuits fabrication. Assembly and testing are handled by ASE, Carsem, and UTAC. In December 2023, the company acquired clock products from Aura Semiconductor for circa $148 million in fixed payments plus up to $120 million in earnouts, adding network synchronizers, jitter cleaners, clock generators, and buffers to its portfolio. On February 4, 2026, SiTime entered an asset purchase agreement to acquire Renesas Electronics Corporation's timing business for $1.5 billion in cash plus 4.13 million SiTime shares, subject to HSR clearance and other regulatory approvals.
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SiTime's MEMS fabrication concentrates on Bosch and Teledyne, with only a few foundry vendors capable of manufacturing the company's most advanced MEMS solutions; the Bosch supply agreement auto-renews after its initial term through February 2027. Analog circuit fabrication concentrates on TSMC and UMC, both of which could face capacity constraints as foundries transition to advanced process nodes — an explicit supply chain vulnerability disclosed in the 10-K. Approximately 93% of 2025 revenue came from distributors with ship-to locations outside the United States, exposing the company to tariff and geopolitical risk across its manufacturing sites in Malaysia, Taiwan, Thailand, and Singapore.
See also: Technology · Semiconductors
From SiTime Corporation's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-07-06Recent Developments — SiTime Corporation
Latest news
- NEWS Dow Jones Hits Record High as Chip Bloodbath Sinks Nasdaq 100: Stock Market Today — benzinga Jul 2, 2026 negative
- NEWS Small Caps Are Beating S&P 500 By The Widest Margin Since 2003: Here’s Why — benzinga Jun 29, 2026 neutral
- NEWS SiTime Prices Upsized $1.2B Zero-Coupon Convertible Senior Notes To Fund Renesas Timing Assets Acquisition — benzinga May 20, 2026 positive
- NEWS SiTime Intends To Offer $1.1B Of Convertible Senior Notes Due 2031 — benzinga May 19, 2026 neutral
- NEWS SiTime Announces Expiry Of Its Waiting Period Under Hart-Scott-Rodino Antitrust Improvements Act Regarding Its Proposed — benzinga May 11, 2026 positive
Generated 2026-07-06T04:40:27Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerApple17%10-K Item 1A: 'Sales attributable to Apple, our largest end customer accounted for approximately 17%...of our revenue for the years ended December 31, 2025'
- HIGHCustomertop three distributors59%10-K Item 1A: 'Our top three distributors by revenue together accounted for approximately 59%...of our revenue for the years ended December 31, 2025'
- HIGHCustomertop ten end customers65%10-K Item 1A: 'revenue attributable to our ten largest end customers accounted for 65%...of our revenue for the years ended December 31, 2025'
- HIGHSupplierBosch10-K Item 1A: 'We currently rely primarily on Bosch and Teledyne Digital Imaging Inc. ("Teledyne") for our MEMS fabrication'
- MEDIUMSupplierTSMC10-K Item 1A: 'primarily on TSMC and UMC for our analog circuits fabrication'
- HIGHGeographicinternational ship-to locations93%10-K Item 1A: 'approximately 93%, 92%, and 86% of our revenue for the years ended December 31, 2025...was from distributors with ship-to locations outside the United States'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Hyper-growth tech sacrificing current profitability for scale. Floor tripped because model treats negative margins uniformly; the growth dimension tells the other half of the story.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $607.28: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10. Specifically: Below-average business quality; Rich valuation; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $568.57. Score 5.5/10, moderate confidence.
Take-profit target: $728.62 (+21.1% upside). Prior stop was $568.57. Stop-loss: $568.57.
Concentration risk — Customer: top three distributors (59.0%); Concentration risk — Customer: top ten end customers (65.0%); Quality below floor (3.5 < 4.0).
SiTime Corporation trades at a P/E of N/A (forward 55.6). TrendMatrix value score: 3.9/10. Verdict: Sell.
16 analysts cover SITM with a consensus score of 4.2/5. Average price target: $838.
What does SiTime Corporation do?SiTime designs and sells Precision Timing semiconductor solutions — oscillators, clock ICs, MEMS resonators, and...
SiTime designs and sells Precision Timing semiconductor solutions — oscillators, clock ICs, MEMS resonators, and synchronization software — using a fabless model with MEMS-based silicon technology, serving AI datacenter, communications, automotive, industrial, and consumer IoT markets. Revenue flows through distributors globally, with the top three distributors generating ~59% of 2025 revenue and Apple as the largest end customer at ~17%. In February 2026, the company announced a ~$1.5 billion acquisition of Renesas's timing business.