Key Highlights

  • SiTime (NASDAQ:SITM) reported third-quarter Revenue of USD 298.7 million, a 257% increase from USD 83.6 million, while GAAP EPS was USD 0.14 and non-GAAP EPS reached USD 4.01.
  • Qualcomm (NASDAQ:QCOM) lifted fiscal 2026 Net Income 146% to USD 13.6 billion, helped by a USD 5.7 billion valuation allowance release, while revenue slipped to USD 43.1 billion.
  • Cirrus Logic (NASDAQ:CRUS) booked USD 559.5 million of net sales in its fiscal second quarter, essentially unchanged, and diluted EPS came in at USD 2.23 versus USD 2.48, with one customer at about 93% of sales.
  • Power Integrations (NASDAQ:POWI) earned USD 125.5 million in third-quarter revenue, 6% above a year earlier, with GAAP EPS at USD 0.32, and guided fourth-quarter revenue to USD 118.0 million to USD 126.0 million.

SiTime (NASDAQ:SITM): An Acquisition Layered on AI Demand Drives the 257% Revenue Surge

SiTime (NASDAQ:SITM) disclosed its third-quarter 2026 numbers on November 4, 2026. The Business builds precision timing parts, such as oscillators and clocks, used in AI hardware, self-driving vehicles and satellites. Net revenue reached USD 298.7 million, a 257% increase from USD 83.6 million a year earlier (calculated), and roughly 1.9 times the USD 157.4 million of the prior quarter. The chief executive credited fast organic expansion together with the addition of TPD, a unit the release never defines, and said core CED revenue jumped 202% year over year. On a GAAP basis, profit came to USD 4.4 million, or USD 0.14 a diluted share, whereas the non-GAAP tally reached USD 130.3 million, or USD 4.01 a share. The gap reflects USD 61.8 million of acquired-intangible amortization, USD 35.0 million of Stock Compensation and USD 21.3 million of deal costs. A three-for-one split is on the calendar, and split-adjusted trading is expected to begin December 7, 2026. Nine-month revenue totaled USD 569.7 million, compared with USD 213.4 million, and the release offered no outlook figures, deferring guidance to the call.

Qualcomm (NASDAQ:QCOM): A USD 5.7 Billion Tax Benefit Behind the 146% Profit Increase

Qualcomm (NASDAQ:QCOM) lodged its annual filing on November 4, 2026, covering the fiscal year that closed September 27, 2026. Sales of USD 43,120 million slipped from USD 44,284 million, while net income rose to USD 13,628 million from USD 5,541 million. The profit jump traces to an income tax benefit of USD 4,214 million, compared with a USD 7,122 million expense the prior year; the change followed a USD 5.7 billion valuation allowance release booked in the second quarter. Handset revenue fell to USD 24.1 billion from USD 27.8 billion, whereas automotive rose from USD 4.0 billion to USD 6.0 billion and IoT reached USD 7,132 million. The company expects Apple (NASDAQ:AAPL) to rely mainly on its own modems going forward, a shift likely to weigh heavily on chip revenue. Qualcomm returned USD 11.7 billion through Buybacks and dividends, leaving cash and marketable securities at USD 7,681 million, down from USD 12,478 million. Debt including Commercial Paper totaled USD 15,112 million, and, starting in fiscal 2027, the segment reporting change places Data Center within the chip segment.

Cirrus Logic (NASDAQ:CRUS): Flat Sales, Lower EPS and Heavy Reliance on One Customer

Cirrus Logic (NASDAQ:CRUS) filed its Quarterly Report on November 4, 2026 for fiscal second quarter 2027. Its products are low-power, high-precision mixed-signal semiconductors aimed at phones and other consumer electronics. Net sales of USD 559.5 million held near USD 561.0 million a year earlier, while net income declined to USD 114.7 million from USD 131.6 million, about 12.8% lower (calculated). Gross Margin improved to 53.7% from 52.5%, yet Operating Income slid from USD 144.8 million to USD 132.4 million, because research outlays grew by USD 13.3 million, reaching USD 123.3 million. The effective tax rate climbed to 19.2% from 14.2%. Apple accounted for about 93% of net sales, up from 90%, a concentration risk that is separate from the lower EPS. On October 6, 2026 the company completed a purchase of INVENTVM Semiconductor, a private Italian chipmaker, which it characterized as immaterial. On October 26, 2026 the board approved a further USD 500 million repurchase program, and cash reached USD 720.1 million. No adjusted figures or outlook appear in the filing.

Power Integrations (NASDAQ:POWI): A Swing From Loss to Profit Assisted by a Legal Reserve Release

Power Integrations (NASDAQ:POWI) released third-quarter figures on November 4, 2026. Its business is high-voltage semiconductor technology for power conversion, serving AI data centers, electric vehicles and high-voltage direct current infrastructure. Revenue came in at USD 125.5 million, up 5% sequentially and 6% year over year, which the chief executive linked to PowiGaN products and strength in industrial markets. GAAP net income reached USD 18.3 million, or USD 0.32 a diluted share, against a USD 0.02 loss in the prior-year period; non-GAAP Earnings came in at USD 0.46 a share. Lower operating costs and a USD 2.0 million credit, tied to a settled legal judgment and a smaller related reserve, explain part of the swing. The fourth-quarter revenue range of USD 118.0 million to USD 126.0 million implies a midpoint of USD 122.0 million by our calculation, lower than the third quarter. The USD 0.215 Dividend is due December 31, 2026, and USD 0.22 per quarter is expected during 2027. Cash and equivalents rose from USD 58.8 million at the year's outset to USD 96.8 million, and the company bought back no shares during the quarter.

Where Things Stand

SiTime (NASDAQ:SITM) jumped because an acquisition joined fast organic growth, whereas the remaining trio barely shifted. Its GAAP and non-GAAP earnings are the furthest apart in this group, so the 257% rise deserves that context. Qualcomm (NASDAQ:QCOM) grew profit through a tax benefit rather than operations, and its operating income fell. Cirrus Logic (NASDAQ:CRUS) held sales steady with one customer at roughly 93% of the total. Power Integrations (NASDAQ:POWI) guides its next quarter slightly lower at the midpoint, so its turn from a loss depends on PowiGaN and data center demand. Next markers are the SiTime outlook and split-adjusted start, Qualcomm's handset and automotive mix, the Cirrus Logic buyback pace and the Power Integrations fourth-quarter result. Nothing in these filings secures later performance.