---
title: "SiTime's November 4 print tests a guided doubling, with targets from $370 to $900"
description: "SiTime reports third-quarter results on November 4 with revenue guided to $285 million to $295 million against Q2's $157.4 million, a step bought from Renesas as much as grown from AI demand. Analyst targets from $370 to $900 bet on opposite outcomes of the same print."
publisher: "The Inference"
section: "Chips"
published: 2026-10-22T13:04:47.098Z
modified: 2026-10-22T13:04:47.098Z
canonical: https://theinference.org/article/sitime-s-november-4-print-tests-a-guided-doubling-with-targets-from-370-to-900
language: en
keywords: "SiTime, Earnings, Analyst Targets, Chips, Insider Sales"
---

# SiTime's November 4 print tests a guided doubling, with targets from $370 to $900

> SiTime reports third-quarter results on November 4 with revenue guided to $285 million to $295 million against Q2's $157.4 million, a step bought from Renesas as much as grown from AI demand. Analyst targets from $370 to $900 bet on opposite outcomes of the same print.

## A guide that doubles the company in one quarter

[SiTime](https://theinference.org/markets/companies/sitime) [reports third-quarter results on November 4](https://investor.sitime.com/press-releases) after the Nasdaq close, and management has already named the bar: [revenue of $285 million to $295 million and non-GAAP earnings of $3.50 to $3.65 a share](https://investor.sitime.com/news-releases/news-release-details/sitime-reports-second-quarter-2026-financial-results), against $157.4 million and $2.34 in the second quarter [1] [11]. That guide is 3.5 times the $83.6 million the quarter did a year ago [3]. The Santa Clara company, run by chief executive [Rajesh Vashist](https://theinference.org/markets/people/rajesh-vashist), replaces quartz crystals with silicon MEMS clocks that keep AI data center gear in step [2].

## Bought from Renesas as much as grown

The doubling is bought as much as grown. SiTime [closed its purchase of the Renesas timing business on July 1](https://investor.sitime.com/news-releases/news-release-details/sitime-completes-acquisition-renesas-timing-business), paying $1.5 billion in cash plus about 4.13 million shares, about $3 billion at the collar midpoint [5]. The acquired clocking line is expected to add at least $300 million of revenue in its first twelve months at roughly 70 percent gross margin, three quarters of it from AI, datacenter and communications customers [6].

The quarter that began July 1 is the first to consolidate it [3]. If the acquired business paces evenly near $75 million, the guide's midpoint leaves about $215 million for the legacy company, 37 percent above Q2 [3]. The organic split arrives only with the print.

*Chart: **Revenue nearly doubles under guidance, on top of a fourfold run** Line chart of SiTime quarterly revenue from Q3 2023 to Q2 2026 with the Q3 2026 guidance midpoint marked as an estimate*

*Quarterly revenue in USD millions as filed with the SEC; the final point is the midpoint of management's Q3 2026 guidance of $285 million to $295 million, drawn as an estimate. Sources: SiTime SEC filings; Weiss Ratings. [3][1]*

## Fourteen million dollars of trailing profit

The base under a $14.9 billion market cap is thin [3][4]. Four quarters of GAAP net income sum to roughly $14 million [3], behind a trailing price-to-earnings multiple of 1,014 on October 20 [4]. Q2's $18.2 million of GAAP profit leaned on $12.5 million of interest income; operations earned $8.2 million [2]. Non-GAAP net income of $65.6 million added back $31.0 million of stock compensation among other items [2].

The stock closed October 20 at $497.11, 45 percent below its May 11 high of $901.81 [4]. Insiders sold $501.8 million of stock in twelve months with no purchases [7], $10.1 million of it in the past ninety days at prices near $700 [8], while institutions hold 84.31 percent of the shares [8].

## Growth 8 of 10, profitability 3 of 10

The bulls have numbers too. Q2 beat consensus on both lines, non-GAAP gross margin climbed to 67.1 percent from 58.2 percent, and the balance sheet holds $1.92 billion of cash after a $1.2 billion zero-coupon convertible issue due 2031 [2] [8]. [GuruFocus](https://www.gurufocus.com/news/9126778/sitime-corp-sitm-shares-fall-45-what-gf-score-of-78-tells-investors) still marks the stock modestly undervalued against a $559.69 fair value, scoring growth 8 of 10 and profitability 3 of 10 [7]. SiTime's own engineers put the AI stakes plainly: [GPU clusters achieve 35 to 45 percent of their potential compute when clocks drift](https://datacenters.economictimes.indiatimes.com/news/ai-compute-infrastructure/sitime-ai-infrastructure-needs-precise-timing-for-efficiency/135081418) [10].

*Chart: **GAAP gross margin has risen five quarters straight, to 63 percent in Q2 2026** Line chart of SiTime's GAAP gross margin by quarter from Q1 2024 to Q2 2026, climbing from about 50 percent to 63 percent*

*GAAP gross margin as a percent of revenue, from SiTime's SEC filings; five consecutive quarterly increases through Q2 2026. The 67.1 percent non-GAAP gross margin cited in the text adds back stock compensation and other items. Source: SiTime, quarterly figures from its SEC filings, retrieved 22 October 2026. [13]*

*Chart: **Analyst targets span $370 to $900 around a $500 stock** Bar chart of SiTime analyst price targets from Morgan Stanley at $370 to Needham at $900, with the October 20 closing price as a reference line*

*Disclosed price targets in USD; consensus is MarketBeat's average across twelve analyst ratings. Reference line is the October 20, 2026 Nasdaq close. Sources: ad-hoc-news; MarketBeat. [4][8][9]*

## November 4 decides the spread

The targets straddle the tape. [Morgan Stanley](https://theinference.org/markets/companies/morgan-stanley) [has held $370, below the market, since September 17](https://www.ad-hoc-news.de/boerse/news/nebenwerte/morgan-stanley-starts-coverage-on-sitime-stock-at-usd-370-00/70333670) [9]; the stock closed October 21 at $509.20 [12]. Rosenblatt [initiated at $750 on October 20](https://www.ad-hoc-news.de/boerse/news/nebenwerte/rosenblatt-sets-usd-750-target-for-sitime-stock/70378499) [4]; Benchmark sits at $850 and Needham at $900, around a twelve-firm consensus of $717.78 [8]. Zacks and Wall Street Zen have both cut to Hold [8]. Watch revenue inside the guide, earnings near $3.50, and how much of the quarter is [Renesas](https://theinference.org/markets/companies/renesas-electronics) [8]. Morgan Stanley's $370 and Needham's $900 cannot both survive the print [8].

## Takeaway

The November 4 guide doubles SiTime's revenue on the first quarter consolidating Renesas; with about $14 million of trailing GAAP profit and targets from $370 to $900, the print decides which thesis survives.

## Sources

1. [Weiss Ratings, "SiTime Corporation (SITM) Up 6.2% - Do I Buy Into This Momentum Play?", 19 October 2026](https://weissratings.com/en/instant-news-alerts/sitime-corporation-sitm-up-6-2-do-i-buy-into-this-momentum-play)
2. [SiTime Corporation press release, "SiTime Reports Second Quarter 2026 Financial Results", 5 August 2026](https://investor.sitime.com/news-releases/news-release-details/sitime-reports-second-quarter-2026-financial-results)
3. [SiTime Corporation, quarterly figures from its SEC filings (EDGAR, CIK 0001451809), retrieved 22 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001451809)
4. [ad-hoc-news, "Rosenblatt sets USD 750 target for SiTime stock", 21 October 2026](https://www.ad-hoc-news.de/boerse/news/nebenwerte/rosenblatt-sets-usd-750-target-for-sitime-stock/70378499)
5. [SiTime Corporation press release, "SiTime to Acquire Renesas' Timing Business", 4 February 2026](https://investor.sitime.com/news-releases/news-release-details/sitime-acquire-renesas-timing-business)
6. [SiTime Corporation press release, "SiTime Completes Acquisition of Renesas' Timing Business", 1 July 2026](https://investor.sitime.com/news-releases/news-release-details/sitime-completes-acquisition-renesas-timing-business)
7. [GuruFocus, "SiTime Corp (SITM) Shares Fall 4.5% - What GF Score of 78 Tells Investors", 15 October 2026](https://www.gurufocus.com/news/9126778/sitime-corp-sitm-shares-fall-45-what-gf-score-of-78-tells-investors)
8. [MarketBeat, "SiTime (NASDAQ:SITM) Stock Falls 8.5% - Time to Sell?", 15 October 2026](https://www.marketbeat.com/instant-alerts/price-sitime-nasdaq-sitm-stock-falls-85-time-to-sell-2026-10-15/)
9. [ad-hoc-news, "Morgan Stanley starts coverage on SiTime stock at USD 370.00", 16 October 2026](https://www.ad-hoc-news.de/boerse/news/nebenwerte/morgan-stanley-starts-coverage-on-sitime-stock-at-usd-370-00/70333670)
10. [ETDatacenters, "SiTime: AI infrastructure needs precise timing for efficiency", 21 October 2026](https://datacenters.economictimes.indiatimes.com/news/ai-compute-infrastructure/sitime-ai-infrastructure-needs-precise-timing-for-efficiency/135081418)
11. [SiTime investor relations, press-release index including "SiTime Corporation to Announce Third Quarter 2026 Financial Results on November 4, 2026" (7 October 2026) and the $1.2 billion 0% convertible notes pricing (20 May 2026), retrieved 22 October 2026](https://investor.sitime.com/press-releases)
12. [SiTime investor relations home page, Nasdaq quote of $509.20 at the 21 October 2026 close, retrieved 22 October 2026](https://investor.sitime.com/)
13. [SiTime, quarterly figures from its SEC filings, retrieved 22 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001451809)


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SiTime's November 4 print tests a guided doubling, with targets from $370 to $900 — The Inference. Canonical: https://theinference.org/article/sitime-s-november-4-print-tests-a-guided-doubling-with-targets-from-370-to-900