Stock Track | SiTime Soars 10.64% After-Hours on Strong Earnings and $1.5 Billion Renesas Timing Business Acquisition

Stock Track

Feb 05

SiTime Corporation's stock surged 10.64% in after-hours trading on Wednesday, following the simultaneous release of its fourth-quarter financial results and the announcement of a major strategic acquisition.

The precision timing company reported quarterly adjusted earnings of $1.53 per share, significantly beating analyst estimates of $1.21, while revenue of $113.284 million also exceeded expectations of $101.808 million. This represents a 66% year-over-year revenue increase, driven by strong growth in the Communications, Enterprise, and Datacenter business segment.

Concurrently, SiTime announced a definitive agreement to acquire Renesas Electronics' timing business for $1.5 billion in cash and stock. The acquired business is expected to generate approximately $300 million in revenue within 12 months after closing, with about 75% coming from high-growth AI datacenter and communications markets. The transaction is anticipated to close by the end of 2026.

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This represents a 66% year-over-year revenue increase, driven by strong growth in the Communications, Enterprise, and Datacenter business segment.</p><p>Concurrently, SiTime announced a definitive agreement to acquire Renesas Electronics' timing business for $1.5 billion in cash and stock. The acquired business is expected to generate approximately $300 million in revenue within 12 months after closing, with about 75% coming from high-growth AI datacenter and communications markets. The transaction is anticipated to close by the end of 2026.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SITM","symbol_name":"SiTime Corp","start_time":0,"source_url":"","article_id":"1108373173","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108373173","pubTimestamp":1770241135,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SiTime Corporation's stock surged 10.64% in after-hours trading on Wednesday, following the simultaneous release of its fourth-quarter financial results and the announcement of a major strategic...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SITM":"SiTime Corp"},"translate_title":"个股追踪|SiTime盘后大涨10.64%盈利强劲、15亿美元收购瑞萨计时业务","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SITM":1},"content_text":"SiTime Corporation's stock surged 10.64% in after-hours trading on Wednesday, following the simultaneous release of its fourth-quarter financial results and the announcement of a major strategic acquisition.The precision timing company reported quarterly adjusted earnings of $1.53 per share, significantly beating analyst estimates of $1.21, while revenue of $113.284 million also exceeded expectations of $101.808 million. 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