SiTime Corp's stock surged 15.51% in after-hours trading following the release of its first-quarter 2026 financial results, which significantly exceeded analyst expectations.

The precision timing chipmaker reported revenue of $113.567 million, beating the consensus estimate of $103.388 million by 9.85% and representing an 88.3% year-over-year increase. Adjusted earnings per share came in at $1.44, surpassing the $1.16 estimate by 24.14%.

The company attributed its strong performance to rising demand for precision timing solutions in AI infrastructure and high-performance systems. CEO Rajesh Vashist stated that as AI infrastructure expands, precision timing is becoming a system-level requirement, with the company's differentiated platforms driving higher average selling prices and margins.