PDF SOLUTIONS (PDFS) Company Report

The semiconductor market is projected to reach ~$1.1 trillion by 2030, with AI representing ~67% of this market and growing 3x faster than the overall semi market. Governments are expected to deploy over $1.5 trillion in the semi ecosystem through 2030.
PDF Solutions' addressable market is expected to grow from ~$2.6 billion in 2023 to over $5.3 billion in 2030. The company reported $179 million in revenue for FY2024 and $207 million for TTM Q3 2025, with analytics revenue comprising 94% of total revenue in TTM Q3 2025.
For YTD Q3 2025, PDF Solutions achieved 76% Non-GAAP Gross Margin and 20% Non-GAAP Operating Margin. The company has set new long-term financial targets, including 20% total revenue growth, >77% Non-GAAP Gross Margins, and >27% Non-GAAP Operating Margin.
The total backlog grew 2.7 times from $108 million in 2020 to $292 million in Q3 2025, representing a 23% CAGR. Recurring revenue for TTM Q3 2025 was $182 million.

7 days ago

PDF Solutions Updates Long-Term Financial Targets and Strategic Vision

PDFS

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

PDF Solutions (PDFS) reaffirmed its 2025 revenue growth rate guidance of 21%-23% and established new long-term targets: 20% revenue growth, gross margins exceeding 77%, and operating margins exceeding 27%.
The company's addressable market is expected to more than double over the next seven years, following a doubling in the past four years, driven by the increasing importance of manufacturing software in the semiconductor industry.
PDFS's backlog has grown significantly from over $100 million in 2020 to over $290 million in the most recent quarter, outpacing revenue growth and reflecting strong customer engagement.
The business has largely transitioned to an analytics model, with 94% of the business now analytics-focused and approximately 80% of total revenue, or over $180 million on a trailing twelve-month basis, being recurring.
PDFS is strategically positioned within a semiconductor industry projected to reach $1.1 trillion by 2030, with 67% of silicon related to AI, emphasizing the need for its unified analytics platform in the evolving 3D era of manufacturing.

7 days ago

PDF Solutions Sets Ambitious Long-Term Financial Targets

PDFS

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

PDF Solutions has established new long-term financial targets, including 20% revenue growth, greater than 77% gross margin, and greater than 27% operating margin.
The company is positioning itself as a unified analytics platform for the semiconductor industry, which is projected to grow to $1.1 to $1.2 trillion by 2030.
The business model emphasizes recurring revenue, which constitutes approximately 80% of total revenue, exceeding $180 million on a trailing twelve-month basis, and boasts a backlog of over $290 million.
Investments in its DFI business are expected to yield a 5-plus X return on machine cost over the lifetime of the investment.

7 days ago

PDF Solutions to Host 2025 Analyst Day and Reaffirms Revenue Guidance

PDFS

Guidance Update

PDF Solutions will host its 2025 Analyst Day on Wednesday, December 3, 2025, featuring presentations by Chief Financial Officer Adnan Raza and Chief Executive Officer John Kibarian.
A live webcast of the presentation, along with presentation materials, will be available on the Investor Relations section of the company's website at https://ir.pdf.com/webcasts, with a replay also accessible after the event.
The company reaffirmed its prior guidance range of 21-23% annual revenue growth for 2025.

Dec 2, 2025, 12:01 AM

PDFS Reports Record Q3 2025 Revenue and Strong Bookings

PDFS

Earnings

Guidance Update

Product Launch

PDFS achieved record quarterly revenue of $57.1 million in Q3 2025, marking a 23% increase year-over-year, with analytics revenue reaching $54.7 million.
The company reported non-GAAP gross margin of 76% for Q3 2025, which is ahead of its long-term target of 75%.
Q3 2025 bookings totaled over $100 million, exceeding the prior two quarters combined, and the quarter ended with a backlog of $292 million, representing a 25% sequential increase and 22% year-over-year increase.
PDFS reaffirmed its guidance for 21%-23% annual revenue growth for the current year.
Key business developments include licensing Intel's Tiber AI Studio for integration into Exensio, signing two eight-figure contracts (one for Exensio with a large IC manufacturer and another for Cimetrix with a major equipment OEM), and shipping two additional eProbe machines under a subscription model.

Nov 6, 2025, 10:00 PM

PDF Solutions Reports Record Third Quarter 2025 Financial Results

PDFS

Earnings

Revenue Acceleration/Inflection

Guidance Update

PDF Solutions, Inc. announced record quarterly total revenues of $57.1 million for the third quarter ended September 30, 2025, marking a 23% increase over the comparable quarter last year.
Non-GAAP diluted earnings per share (EPS) for Q3 2025 was $0.25.
The company reported an ending backlog of $292.0 million.
PDF Solutions reaffirmed its 21-23% annual revenue growth guidance for the year.

Nov 6, 2025, 9:29 PM

PDF Solutions Reports Third Quarter 2025 Financial Results

PDFS

Earnings

Guidance Update

Revenue Acceleration/Inflection

PDF Solutions announced record quarterly total revenues of $57.1 million for the third quarter ended September 30, 2025, marking a 23% increase over the comparable quarter last year.
GAAP diluted earnings per share (EPS) for Q3 2025 was $0.03, and non-GAAP diluted EPS was $0.25.
The company reported a GAAP gross margin of 72% and a non-GAAP gross margin of 76% for the third quarter of 2025.
GAAP operating margin was 8% and non-GAAP operating margin was 23% for Q3 2025.
PDF Solutions ended the quarter with an ending backlog of $292.0 million and reaffirmed its 21-23% annual revenue growth guidance range for the current year.