--- title: "SiTime tripled revenue to $298.7 million and the market still cut it 60%" description: "The chipmaker whose silicon clocks keep AI data centers synchronized posted the strongest quarter of the AI trade and still lost 60 percent of its value from September [3]. Friday's 17 percent snapback now has to prove itself before a 3-for-1 split resets every price on the chart." publisher: "The Inference" section: "Chips" published: 2026-11-08T14:10:27.069Z modified: 2026-11-08T14:10:27.069Z canonical: https://theinference.org/article/sitime-tripled-revenue-to-298-7-million-and-the-market-still-cut-it-60 language: en keywords: "Semiconductors, Earnings, Guidance, Stock Moves, AI Infrastructure" --- # SiTime tripled revenue to $298.7 million and the market still cut it 60% > The chipmaker whose silicon clocks keep AI data centers synchronized posted the strongest quarter of the AI trade and still lost 60 percent of its value from September [3]. Friday's 17 percent snapback now has to prove itself before a 3-for-1 split resets every price on the chart. ## The best quarter in the AI trade got sold at the open After the close on Wednesday November 4, [SiTime](https://theinference.org/markets/companies/sitime) [reported revenue of $298.7 million](https://markets.businessinsider.com/news/stocks/sitime-reports-third-quarter-2026-financial-results-1036717198) against $83.6 million a year earlier, adjusted earnings of $4.01 a share against a $3.63 consensus, and [revenue above the $292.06 million estimate](https://ijr.com/discover/sitime-q3-earnings-beat-estimates-revenue-tops-forecast-c3b15ea4) [1][2]. The Santa Clara company builds the precision-timing chips, oscillators and clocks, that keep AI data-center systems synchronized [1]. The stock fell 10.7 percent after hours anyway, then got swept into a broad semiconductor sell-off [3]. ## Six weeks of selling, estimates that never left By Thursday's close the stock sat at $355, about [60 percent below its September peak of $901.81](https://www.ainvest.com/news/sitime-crashed-60-record-quarter-friday-17-rebound-rests-450-2611/) [3]. The street's response was to trim targets and keep every rating: Needham to $600 from $900, [Stifel](https://theinference.org/markets/companies/stifel) to $750, [Morgan Stanley](https://theinference.org/markets/companies/morgan-stanley) to $640, UBS to $650, all Buy [3]. On Friday, Seaport analyst Jay Goldberg [upgraded to Buy at $425](https://uk.finance.yahoo.com/news/sitime-shares-surge-16-seaport-173840464.html), arguing the AI infrastructure buildout remains intact and that the indiscriminate sell-off made an attractive entry, while Rosenblatt named SiTime its top semiconductor pick at $900, raised from $750 [4][2]. The stock closed at $416.92, up 17.4 percent [3]. Even after the cuts, the average target near $767 sits about 84 percent above the price [3]. ## A third of the record quarter was bought, not grown The 257 percent headline is not an organic rate [5]. It was the first full quarter combining SiTime with [Renesas](https://theinference.org/markets/companies/renesas-electronics)'s timing products division, an acquisition closed July 1 [5]. That acquired unit, TPD, contributed $86.3 million of the $298.7 million, up 67 percent, while core SiTime excluding TPD grew 154 percent to $212.4 million [6]. The adjusted $4.01 also leans hard on adjustments: GAAP diluted EPS was $0.14, GAAP gross margin was 51.6 percent against 70.7 percent adjusted, and the deal left $1.3 billion of convertible notes on the balance sheet [1]. ## The receipts: revenue tripled in four quarters *Chart: **Revenue tripled in four quarters and the guide calls for another record** Column chart of SiTime quarterly revenue from Q3 2025 through Q3 2026 with the Q4 2026 guidance shown as a dashed column at the $336M midpoint over a $331M to $341M range; the Q3 2026 column is highlighted, rising from $83.6M to $298.7M.* *SiTime quarterly revenue in millions of dollars as reported under GAAP, from its SEC filings; the Q4 column is management's guidance midpoint of a $331M to $341M range given on the November 4, 2026, earnings call, drawn dashed as guidance. Sources: SiTime quarterly figures from SEC filings [7]; Q3 2026 earnings call guidance [6]. [6][7]* Management [guided the December quarter to $331 to $341 million of revenue](https://seekingalpha.com/news/4666021-sitime-forecasts-q4-revenue-of-331m-341m-while-setting-3-forminus-1-stock-split-and-targeting), about 70 percent gross margin and roughly $4.76 adjusted EPS at the midpoint [6]. Chief executive [Rajesh Vashist](https://theinference.org/markets/people/rajesh-vashist) called the growth broad-based, well beyond any single market, and put the annualized revenue run-rate above $1 billion [1]. Against that grid, even the trimmed targets sit far above a $416.92 tape [1]. *Chart: **Every price target stayed above Friday's close, even after Thursday's cuts** Bar chart ranking six analyst price targets for SiTime, Rosenblatt $900, Stifel $750, UBS $650, Morgan Stanley $640, Needham $600 and Seaport $425, all drawn as estimates, with a reference line at the $416.92 close of November 6, 2026.* *Price targets in dollars per pre-split share as stated by the named firms on November 5 to 6, 2026, drawn dashed as analyst projections; the reference line is the official November 6, 2026, close. Sources: Ainvest [3]; Investing.com via Yahoo Finance UK [4]; IJR [2]. [2][3][4]* ## The bear case has numbers too Q3 operating cash flow was a $6.6 million outflow, and wafer supply constraints run through 2027 [6]. The chart is still broken: the price sits far below its 50-day average near $562 and its 200-day near $548, the 14-day RSI reads about 39 [3]. A sustained close above $425 to $450 is what would confirm a durable low, while losing the mid-$340s extends the sell-off [3]. Friday's thrust is the first strong counter-trend session in weeks, encouraging, not yet confirmation [3]. ## December 7 rewrites the chart SiTime also declared a 3-for-1 split: record date December 3, two extra shares per share distributed after the close on December 4, split-adjusted trading from December 7 [1]. Some market reports put the distribution after December 6; the company's own release says 4 [1][3]. The Inference previewed this print on October 22 as a test of a guided doubling, with street targets from $370 to $900 [previewed this print on October 22](https://theinference.org/article/sitime-s-november-4-print-tests-a-guided-doubling-with-targets-from-370-to-900). The next scheduled reading is the Q4 report. Watch one thing after the split: whether the stock holds the reclaimed low or hands the mid-$300s back. The estimates never left the stock. Only the multiple moved. ## Takeaway SiTime's record $298.7M quarter and 84% of upside to targets could not stop a 60% slide; the $425 to $450 line and the December 7 split now decide the chart. ## Sources 1. [Markets Insider (GlobeNewswire), SiTime Reports Third Quarter 2026 Financial Results, 4 November 2026](https://markets.businessinsider.com/news/stocks/sitime-reports-third-quarter-2026-financial-results-1036717198) 2. [IJR News, SiTime Q3 Earnings Beat Estimates, Revenue Tops Forecast, 5 November 2026](https://ijr.com/discover/sitime-q3-earnings-beat-estimates-revenue-tops-forecast-c3b15ea4) 3. [Ainvest, SiTime Crashed 60% After a Record Quarter. Friday's 17% Rebound Rests on $450, 8 November 2026](https://www.ainvest.com/news/sitime-crashed-60-record-quarter-friday-17-rebound-rests-450-2611/) 4. [Investing.com via Yahoo Finance UK, Luke Juricic, SiTime shares surge 16% as Seaport upgrades to Buy following post-earnings dip, 6 November 2026](https://uk.finance.yahoo.com/news/sitime-shares-surge-16-seaport-173840464.html) 5. [Seeking Alpha, Earnings Call Insights: SiTime forecasts Q4 revenue of $331M to $341M while setting 3-for-1 stock split, 4 November 2026](https://seekingalpha.com/news/4666021-sitime-forecasts-q4-revenue-of-331m-341m-while-setting-3-forminus-1-stock-split-and-targeting) 6. [GuruFocus via Yahoo Finance, SiTime Corp (SITM) Q3 2026 Earnings Call Highlights: Revenue Surges 257% and Gross Margin Hits 70.7%, 5 November 2026](https://finance.yahoo.com/markets/stocks/articles/sitime-corp-sitm-q3-2026-091039586.html) 7. [SiTime quarterly revenue and gross margin from its SEC filings, retrieved 8 November 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001451809) --- SiTime tripled revenue to $298.7 million and the market still cut it 60% — The Inference. Canonical: https://theinference.org/article/sitime-tripled-revenue-to-298-7-million-and-the-market-still-cut-it-60