Why SiTime Stock Blasted Almost 27% Higher on Thursday

SiTime surged nearly 27% after reporting strong Q2 earnings that more than doubled revenue to $157.4 million and quintupled adjusted net income to $2.34 per share, significantly beating analyst expectations. The company's communications, enterprise, and data center segment—driven by AI capacity buildouts—grew 181%, while other segments grew over 50%. SiTime also provided robust Q3 guidance of $285-295 million in revenue and $3.50-3.65 adjusted EPS, benefiting from organic growth and the recent Renesas timing products acquisition.