Short answer
SITIME Corp (SITM) filed an 8-K current report with the SEC on September 9, 2026 reporting Item EX-99.1 (Exhibit EX-99.2). SiTime completed the $1.5B cash and 3,558,691-share acquisition on July 1, 2026, materially expanding its timing-product portfolio.
SITIME Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item EX-99.1 · Exhibit EX-99.2
- SiTime completed the $1.5B cash and 3,558,691-share acquisition on July 1, 2026, materially expanding its timing-product portfolio
- Timing Business revenue reached $83.7M in Q2 2026, up from $50.3M, with revenue less direct expenses of $43.7M
- Six-month revenue was $153.0M versus $97.3M, while revenue less direct expenses increased to $75.9M from $33.3M
- Customer concentration remains significant, with WT Microelectronics representing 51.6% of Q2 revenue and three distributors exceeding 10%
- Acquired net assets totaled $424.8M, including $382.3M goodwill, highlighting substantial acquisition premium and future impairment exposure
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