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PDF Solutions, Inc.(PDFS)Earnings, Financials & Key Ratios
PDFS•NASDAQ
$51.63
Price updated Jul 7, 2026
AboutPDF Solutions, Inc. provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, Taiwan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that stores collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offers data collection and analysis capabilities; and Assembly Operations that provides device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle. It also provides design-for-inspection (DFI) Systems, such as DFI on-chip instruments; eProbe non-contactless E-beam tool; and Characterization Vehicle (CV) system, which includes CV test chips and pdFasTest electrical testers, as well as Exensio characterization software, designed to analyze the measurements collected from DFI on-chip instruments using the eProbe tool. In addition, the company offers Cimetrix software products that enables equipment manufacturers to provide industry standard interfaces on their products; and software-as-a-service, software related services, and characterization services. It sells its technologies and services through direct sales force, service teams, and strategic alliances to integrated device manufacturers, fabless semiconductor companies, foundries, equipment manufacturers, electronics manufacturing suppliers, original device manufacturers, out-sourced semiconductor assembly and test, and system houses. The company was founded in 1991 and is headquartered in Santa Clara, California.Show more
- Revenue$219M+22.0%
- EBITDA$17M+327.5%
- Net Income-$640K-115.8%
- EPS (Diluted)-0.02-116.3%
- Gross Margin74%+6.0%
- EBITDA Margin7.85%+250.3%
- Operating Margin2.67%+1050.7%
- Net Margin-0.29%-112.9%
- ROE-0.25%-114.5%
PDFS Price & Volume
PDF Solutions, Inc. (PDFS) stock price & volume — 10-year historical chart
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Accelerating Revenue Growth Amidst Persistent Profitability Challenges
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Geopolitical export control exposure
Key Thesis Takeaways
- PDF Solutions is successfully scaling its subscription-based software model, evidenced by a 25.9% year-over-year revenue growth rate in 2026Q1, yet the company struggles to translate this top-line expansion into meaningful operating income.
- While the firm has successfully deleveraged its balance sheet to a 0.03 debt-to-equity ratio, investors should remain cautious regarding the heavy reliance on stock-based compensation, which consistently exceeds $6 million per quarter.
- Future performance hinges on the company's ability to improve cash conversion efficiency and justify the $95 million in goodwill currently sitting on the balance sheet.
Verdict Logic
while top-line growth is accelerating at 25.9% year-over-year, the persistent disconnect between net income and operating cash flow, coupled with high stock-based compensation exceeding $6 million per quarter, warrants a wait-and-see approach.
PDFS Growth Metrics
PDF Solutions, Inc. (PDFS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.38%
5 Years19.99%
3 Years13.82%
TTM24.44%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM406.56%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM64.57%
Return on Capital
10 Years-1.6%
5 Years-1.42%
3 Years0.42%
Last Year1.94%
PDFS Recent Earnings
PDF Solutions, Inc. (PDFS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.31+34.8%
$0.23
Rev
$60M+0.7%
$60M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.30+25.0%
$0.24
Rev
$62M+0.7%
$62M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.25+0.0%
$0.25
Rev
$57M-7.8%
$62M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.19-5.0%
$0.20
Rev
$52M-8.9%
$57M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.31vs $0.23+34.8% | $60Mvs $60M+0.7% |
| Q1 2026 | Feb 12, 2026 | $0.30vs $0.24+25.0% | $62Mvs $62M+0.7% |
| Q4 2025 | Nov 6, 2025 | $0.25vs $0.25+0.0% | $57Mvs $62M-7.8% |
| Q3 2025 | Aug 7, 2025 | $0.19vs $0.20-5.0% | $52Mvs $57M-8.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for PDF Solutions, Inc. (PDFS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $51.63 | $2.06B | -3167.48 | 22.04% | -0.29% | -0.25% | — | |
| $279.93 | $13.92B | 100.69 | 1.82% | 10.33% | 5.19% | — | |
| $50.97 | $2.39B | -32.06 | 12.74% | -11.54% | -6.84% | — | |
| $131.54 | $4.04B | 34.62 | -17.57% | 11.93% | 9.79% | — | |
| $39.21 | $1.61B | 23.62 | 29.79% | 8.87% | 18.16% | — | |
| $216.47 | $282.77B | 71.28 | 23.89% | 35.66% | 89.07% | — |
Compare PDFS vs Peers
PDF Solutions, Inc. (PDFS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PDFS SEC Filings & Documents
PDF Solutions, Inc. (PDFS) SEC filings — annual & quarterly reports (10-K, 10-Q)
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PDFS Frequently Asked Questions
PDF Solutions, Inc. (PDFS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is PDF Solutions, Inc.'s revenue?
PDF Solutions, Inc. (PDFS) reported $231.4M in revenue for fiscal year 2025. This represents a 1049% increase from $20.1M in 2000.
How fast is PDF Solutions, Inc. growing?
PDF Solutions, Inc. (PDFS) grew revenue by 22.0% over the past year. This is strong growth.
Is PDFS profitable?
Yes, PDF Solutions, Inc. (PDFS) is profitable, generating $7.2M in net income for fiscal year 2025 (-0.3% net margin).
Dividend & Returns
What is PDFS's return on equity?
PDF Solutions, Inc. (PDFS) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.
What is PDF Solutions, Inc.'s free cash flow?
PDF Solutions, Inc. (PDFS) had negative free cash flow of $18.0M in fiscal year 2025, likely due to heavy capital investments.