SiTime Corp 2026年季度报告

FORM 10-Q________________________________________________________ (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SiTime Corporation(Exact name of registrant as specified in its charter) ________________________________________________________ Registrant’s telephone number, including area code: (408) 328-4400________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).YesNo As of May1, 2026, the registrant had 26,396,828 shares of common stock, $0.0001 par value per share, outstanding. Table of Contents Risk Factor Summary1PART I.FINANCIAL INFORMATION3Item 1.Financial Statements (Unaudited)3Condensed Consolidated Balance Sheets3Condensed Consolidated Statements of Operations and Comprehensive Loss4Condensed Consolidated Statements of Stockholders’ Equity5Condensed Consolidated Statements of Cash Flows6Notes to Unaudited Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3.Quantitative and Qualitative Disclosures About Market Risk24Item 4.Controls and Procedures24PART II.OTHER INFORMATIONItem 1.Legal Proceedings26Item 1A.Risk Factors26Item 5.Other Information50Item 6.Exhibits51Signatures53 RISK FACTORS SUMMARY Our business is subject to numerous risks, as more fully described in Part II, Item 1A "Risk Factors” below. You should read theserisks before you invest in our common stock. We may be unable, for many reasons, including those that are beyond our control, toimplement or execute our business strategy. In particular, risks associated with our business include, among others: •Global macroeconomic conditions have harmed and may continue to harm our business;•We are subject to the cyclical nature of the semiconductor industry, which can result in over- or under-supply of requiredelectronic components from time to time;•We have historically depended on a limited number of customers for a significant portion of our revenue; if we are unableto expand or further diversify our customer base, our business, financial condition, and results of operations could suffer,and the loss of, or a significant reduction in orders from our customers, including a large customer or end customer, couldsignificantly reduce our revenue and adversely impact our operating results;•Because we do not typically have long-term purchase commitments with our customers, orders may be cancelled, reduced,or rescheduled with little or no notice, which in turn exposes us to inventory risk, and may cause our business and results ofoperations to suffer;•Our revenue and operating results may fluctuate from period to period due to, among other factors, macroeconomicconditions, cyclical fluctuations in the semiconductor market, customer demand, product life cycles, fluctuations ininventories held by our distributors or end customers, the gain or loss of significant customers, the availability of capacityin our supply chain, research and development costs, the impact of any pandemic, epidemic, or outbreak of disease, on ourbusiness as well as our suppliers and customers, and product warranty claims. This in turn could cause our stock price todecline;•The third parties we rely upon for our raw materials, engineered materials, wafer fabrication and supply, assembly,packaging and testing may be unable to secure raw materials, reduce their resources available to us and our immediatesuppliers, not meet satisfactory yields or quality, or increase pricing, which could harm our ability to ship our solutions toour customers on time and in the quantity required which could cause an unanticipated decline in our sales and loss ofcustomers;•International trade policies, including tariffs, sanctions and trade barriers, may adversely affect our business