SiTime Corporation will announce its second quarter 2026 financial results on August 5, 2026, after market close. The announcement will provide insights into the company’s performance for the quarter, with a conference call scheduled to discuss the outcomes. Rajesh Vashist, chief executive officer, and Beth Howe, chief financial officer, will lead the discussion, offering analysts and investors an opportunity to review the results.

Conference Call Details

The conference call is set for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on August 5, 2026. Participants must register in advance to receive a dial-in number and dedicated PIN. A live audio webcast will also be available and archived for approximately 90 days in the Events section of SiTime’s Investor Relations website.

About SiTime Corporation

SiTime Corporation is the Precision Timing company, specializing in semiconductor MEMS programmable solutions. Its products enable customers to differentiate their offerings with higher performance, smaller size, lower power, and better reliability. With over 4 billion devices shipped, SiTime continues to transform the timing industry, serving applications in AI datacenters, automated driving, industrial robotics, wearables, and IoT.

Renesas Electronics Corporation has completed the transfer of its timing business to SiTime Corporation, effective July 1, 2026. The transaction positions SiTime to accelerate its path to $1 billion in revenue, adding a preeminent brand in clocking with a 30-year legacy to its portfolio. The acquired business is expected to generate at least $300 million in revenue in the 12 months following the acquisition, driven by SiTime’s sales and go-to-market expertise.

Rajesh Vashist, chairman and CEO of SiTime, stated that the acquisition marks a monumental milestone that will transform the company. He highlighted that the deal grows the clocking portfolio by 10x and expands SiTime's presence in the high-growth AI datacenter market. Vashist also indicated that the company expects to scale its gross margins to the higher end of its target range as a result of the acquisition.

As a result of the transfer, Renesas expects to record a gain on the transfer of approximately 443.3 billion yen in its consolidated financial statements for the nine months ending September 30, 2026. This amount is a preliminary estimate based on the currently available information and may be subject to change due to various factors. The timing and final amount of the gain to be recorded will be determined in consultation with Renesas’ independent auditor, and Renesas will disclose any updates once they are finalized.

Renesas disclosed that there is no change to the forecast for the six months ending June 30, 2026, announced on April 24, 2026. The company will continue to explore and develop its partnership with SiTime, as previously outlined in the disclosure dated February 5, 2026.

Strategic Collaboration

Alongside the acquisition announcement in February 2026, the companies signed a partnership Memorandum of Understanding (MOU). The agreement aims to explore strategic collaboration to integrate SiTime's MEMS resonators into Renesas' embedded computing products for the next generation of intelligent devices. Hidetoshi Shibata, CEO of Renesas, is expected to join SiTime's Board of Directors.

Key Financial and Operational Metrics