🟢 SiTime is trading 20% up today after an earnings beat and Q3 revenue and EPS guidance

SiTime is trading 20% up at $661.02 after a second-quarter earnings beat and strong Q3 outlook.

• Q2 revenue was $157.4 million, up 127% year over year; non-GAAP EPS was $2.34 versus $1.93 consensus.
• Management guided to Q3 revenue of $285 million–$295 million and non-GAAP EPS of $3.50–$3.65, supported by the completed Renesas Timing Products Division acquisition.
• AI data-center demand fueled the sharp positive reaction.