SiTime Corporation (SITM) SEC Filings & Earnings Calls

No material risk from this routine board change.

“Resignation not due to disagreement; board size reduction is procedural.”

Customer Concentration

“Our top three distributors by revenue together accounted for approximately 66% of our revenue for the three months ended June 30, 2026 and 2025”

Supply Chain Dependency

“We rely on TSMC and United Microelectronics Corporation ("UMC") for our analog circuits fabrication, and any disruption in the supply of wafers or any increases in the wafer or materials prices could adversely affect our gross margins and our ability to meet customer demands in a timely manner, or at all, and lead to reduced revenue.”

Tariff / Trade Policy Risk

“Substantial new tariffs and other restrictive trade policies... may significantly raise the costs of raw materials, components or finished goods, which may adversely impact both our product offerings and our operational expenses.” · word for word

Integration risk from Renesas Timing Business acquisition; 168 new hires including 126 from acquisition.

“SiTime granted RSUs to 168 newly hired individuals globally, including 126 employees hired in connection with the acquisition.”

Ownership and governance change risk

“Renesas CEO Director shall be appointed by the Board to serve as a Class I director ... Renesas America may not transfer more than 33% of Acquired Shares in any 45-day period for six months”

Potential dilution from conversion of notes; conversion price set at 50% premium to last sale price.

“The conversion rate for the Notes will initially be 0.9611 shares of Common Stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $1,040.47 per share.”

Acquisition still subject to remaining closing conditions; integration risk

“The Closing remains subject to the satisfaction or waiver of the remaining conditions to the closing of the Acquisition set forth in the Asset Purchase Agreement” · word for word

Significant debt financing ($900M bridge) increases leverage

“Wells Fargo has committed to provide the Company with debt financing to fund a portion of the cash consideration in an aggregate principal amount of up to $900.0 million” · word for word

Customer Concentration

“Our top three distributors by revenue together accounted for approximately 66% and 64% of our revenue for the three months ended March 31, 2026 and 2025, respectively.”

Supply Chain Disruption

“We currently rely primarily on Bosch and Teledyne Digital Imaging Inc. for our MEMS fabrication, and primarily on TSMC and United Microelectronics Corporation for our analog circuits fabrication, and any disruption in the supply of wafers or any increases in the wafer or materials prices could adversely affect our gross margins and our ability to meet custom” · word for word

Tariff / Trade Policy Risk

“Current or future tariffs or other restrictive trade measures may significantly raise the costs of raw materials, components or finished goods, which may adversely impact both our product offerings and our operational expenses.” · word for word

Net loss persists despite strong revenue growth

“Net Income (Loss) (in millions) ($) ... (42.9)”

Concentrated ownership by MegaChips (13%)

“MegaChips Corporation ... 3,420,000 ... 13.0%”

Integration risk and regulatory approval required

“subject to receipt of regulatory approvals and other customary closing conditions”

No material risks identified; standard board appointment.

Tariff and trade policy risk

“Substantial new tariffs and other restrictive trade policies have created a dynamic and unpredictable trade landscape, which may adversely impact our business.” · word for word

Customer concentration risk

“Our top three distributors by revenue together accounted for approximately 58% and 55% of our revenue for the three months ended September 30, 2025 and 2024, respectively.” · word for word

Supply chain concentration risk

“We currently rely primarily on Bosch and Teledyne Digital Imaging Inc. for our MEMS fabrication, and primarily on TSMC for our analog circuits fabrication, and any disruption in the supply of wafers or any increases in the wafer or materials prices could adversely affect our gross margins and our ability to meet customer demands in a timely manner, or at all” · word for word

Geopolitical risk (Taiwan/China)

“If political tensions between China and Taiwan were to increase further, it could disrupt our business and adversely affect our financial condition and results of operations.” · word for word

Dependence on AI demand sustainability; potential cyclicality in semiconductor market.

“Forward-looking statements note risks including market acceptance and forecast accuracy.”