SiTime Corporation (NASDAQ:SITM) Q2 2023 Results Conference Call August 2, 2023 5:00 PM ET

Company Participants

Brett Perry - Shelton Group Investor Relations

Rajesh Vashist - CEO

Art Chadwick - CFO

Conference Call Participants

Tore Svanberg - Stifel

Suji Desilva - ROTH Capital

Quinn Bolton - Needham & Company

Chris Caso - Wolfe Research

Douglas O'Laughlin - Fabricated Knowledge

Operator

Good afternoon. And welcome to SiTime's Second Quarter 2023 Financial Results Conference Call [Operator Instructions]. As a reminder, this conference call is being recorded today, Wednesday, August 2, 2023.

I would now like to turn the call over to Brett Perry of Shelton Group Investor Relations. Brett, please go ahead.

Brett Perry

Thank you, Chris. Good afternoon. And welcome to SiTime's second quarter 2023 financial results conference call. On today's call from SiTime are Rajesh Vashist, CEO; and Art Chadwick, CFO. Before we begin, I'd like to point out that during the course of this call, the company may make forward-looking statements regarding expected future results, including financial position, strategy and plans, future operations, the timing market and other areas of discussion. It's not possible for the company's management to predict all risks, nor can the company assess the impact of all factors on its business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. In light of these risks, uncertainties and assumptions, the forward-looking events discussed during this call may not occur and actual results could differ materially and adversely from those anticipated or implied. Neither the company nor any person assumes responsibility for the accuracy and completeness of the forward-looking statements. The company undertakes no obligation to publicly update forward-looking statements for any reason after the date of this call to conform the statements to actual results or to changes in the company's expectations. For more detailed information on risks associated with the business, we refer you to the risk factors described in the 10-K filed on February 27, 2023, as well as the company's subsequent filings with the SEC.

Also during the call, we'll refer to certain non-GAAP measures, which are considered to be an important measure of company's performance. These non-GAAP financial measures are provided in addition to and not as a substitute for nor superior to measures of financial performance prepared in accordance with US GAAP. The only difference between reported GAAP and non-GAAP results is stock based compensation expense. Please refer to the company's press release issued today for a detailed reconciliation of GAAP and non-GAAP financial results.