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PDF Solutions, Inc.

PDFS

NASDAQTechnologySoftware - Application

Previous close

$45.65

+$0.84 · +1.87%

Aug 21, 4:00 PM ET

PDFS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

47

Fair Value

Momentum

53

Neutral

Sentiment

58

Mixed

Risk resilience

43

Elevated Risk

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Company profile

Company website

PDF Solutions, Inc. offers a comprehensive array of solutions to the semiconductor sector, encompassing proprietary software, physical intellectual property for integrated circuit designs, electrical measurement hardware, proven methodologies, and professional services. The company maintains a global presence, with significant operations in the United States, China, Japan, Taiwan, and other international regions. At the core of their software portfolio is the Exensio platform. This includes Manufacturing Analytics, which centralizes collected data, providing engineers with a consistent view to effectively identify and analyze production yield, performance, and reliability issues. Process Control delivers capabilities for failure detection, classification, and robust monitoring and management of manufacturing tool sets. Test Operations focuses on efficient data collection and analytical functionalities, while Assembly Operations is designed to seamlessly link assembly, packaging, fabrication, and characterization data throughout a product's entire lifespan. Beyond software, PDF Solutions provides advanced hardware and systems such as their design-for-inspection (DFI) Systems, featuring DFI on-chip instruments, and the eProbe, a non-contact E-beam tool. They also offer the Characterization Vehicle (CV) system, which comprises CV test chips, pdFasTest electrical testers, and specialized Exensio characterization software tailored to process measurements gathered from DFI on-chip instruments using the eProbe tool. Further enhancing their product suite are Cimetrix software products, which facilitate the implementation of industry-standard interfaces for equipment manufacturers. Their service offerings extend to software-as-a-service (SaaS) subscriptions, various software-related support, and dedicated characterization services. PDF Solutions engages a broad spectrum of clients—including integrated device manufacturers, fabless semiconductor companies, foundries, equipment manufacturers, electronics manufacturing suppliers, original device manufacturers, outsourced semiconductor assembly and test firms, and system houses—through a combination of direct sales, dedicated service teams, and strategic alliances. Established in 1991, the company's headquarters are located in Santa Clara, California.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
John K. Kibarian
Listed since
Jul 31, 2001
Employees
600

Market position

Day range

Current $45.65

52-week range

Current $45.65

Open
$45.00
Previous close
$44.81
Volume
953.66K
1.3× average
Average volume
732.64K
Average daily volume
Market cap
1.91B USD
Beta
1.65
Market reference 1
50-day average
$54.3266
-15.97% below average
200-day average
$40.2875
+13.31% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
181.44×
P/B (TTM)
5.02×
P/S (TTM)
7.92×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
71.46%
Operating margin
8.15%
Net margin
4.27%

Financial health

Debt / equity
0.19×
Altman Z-score
8.6
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends81%45%8%-29%Gross margin, FY2021: 60.21%Gross margin, FY2022: 67.75%Gross margin, FY2023: 68.79%Gross margin, FY2024: 69.83%Gross margin, FY2025: 72.32%Operating margin, FY2021: -14.98%Operating margin, FY2022: -2.04%Operating margin, FY2023: -0.68%Operating margin, FY2024: -0.28%Operating margin, FY2025: 2.67%Net margin, FY2021: -19.35%Net margin, FY2022: -2.31%Net margin, FY2023: 1.87%Net margin, FY2024: 2.26%Net margin, FY2025: -0.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 60.21%. Gross margin FY2022 67.75%. Gross margin FY2023 68.79%. Gross margin FY2024 69.83%. Gross margin FY2025 72.32%. Operating margin FY2021 -14.98%. Operating margin FY2022 -2.04%. Operating margin FY2023 -0.68%. Operating margin FY2024 -0.28%. Operating margin FY2025 2.67%. Net margin FY2021 -19.35%. Net margin FY2022 -2.31%. Net margin FY2023 1.87%. Net margin FY2024 2.26%. Net margin FY2025 -0.29%.

Income trends

Revenue

219.02M USD+22.04%

Operating income

5.85M USD+6.35M USD

Net income

−640K USD−4.7M USD
Income trends across reported periods243.08M USD146.87M USD50.67M USD−45.54M USDRevenue, FY2021: 111.06M USDRevenue, FY2022: 148.55M USDRevenue, FY2023: 165.84M USDRevenue, FY2024: 179.47M USDRevenue, FY2025: 219.02M USDOperating income, FY2021: −16.64M USDOperating income, FY2022: −3.04M USDOperating income, FY2023: −1.13M USDOperating income, FY2024: −504K USDOperating income, FY2025: 5.85M USDNet income, FY2021: −21.49M USDNet income, FY2022: −3.43M USDNet income, FY2023: 3.11M USDNet income, FY2024: 4.06M USDNet income, FY2025: −640K USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 111.06M USD. Revenue FY2022 148.55M USD. Revenue FY2023 165.84M USD. Revenue FY2024 179.47M USD. Revenue FY2025 219.02M USD. Operating income FY2021 −16.64M USD. Operating income FY2022 −3.04M USD. Operating income FY2023 −1.13M USD. Operating income FY2024 −504K USD. Operating income FY2025 5.85M USD. Net income FY2021 −21.49M USD. Net income FY2022 −3.43M USD. Net income FY2023 3.11M USD. Net income FY2024 4.06M USD. Net income FY2025 −640K USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue219.02M USD179.47M USD165.84M USD148.55M USD111.06M USD
Cost of goods sold60.62M USD54.14M USD51.75M USD47.91M USD44.19M USD
Gross profit158.4M USD125.32M USD114.09M USD100.64M USD66.87M USD
Research and development67.91M USD55.9M USD53M USD58.34M USD45.86M USD
Selling, general, and administrative80.24M USD
Operating expenses152.55M USD125.83M USD115.22M USD103.68M USD83.51M USD
Interest income1.31M USD5.02M USD2.56M USD683K USD
Interest expense3.96M USD−5.64M USD
Depreciation and amortization11.34M USD4.52M USD6.27M USD6.8M USD9.55M USD
Operating income5.85M USD−504K USD−1.13M USD−3.04M USD−16.64M USD
Net income−640K USD4.06M USD3.11M USD−3.43M USD−21.49M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 2 misses, 2 met estimates
Average EPS surprise
+9.78%
11 comparable reports
Latest EPS result
0.27
Estimate 0.27 · Beat by 0.75%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.370.30.230.16Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MetQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 0.25, estimate 0.23, surprise +8.70%, Beat. Q2 2025, reported May 8, 2025: actual 0.21, estimate 0.19, surprise +10.53%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.19, estimate 0.2, surprise -5.00%, Miss. Q4 2025, reported Nov 6, 2025: actual 0.25, estimate 0.25, surprise 0.00%, Met estimate. Q1 2026, reported Feb 12, 2026: actual 0.3, estimate 0.24, surprise +25.00%, Beat. Q2 2026, reported May 7, 2026: actual 0.31, estimate 0.23, surprise +34.78%, Beat. Q3 2026, reported Aug 6, 2026: actual 0.27, estimate 0.268, surprise +0.75%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.33, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates70.17M61.81M53.44M45.08MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 50.09M USD, estimate 49.26M USD, surprise +1.67%, Beat. Q2 2025, reported May 8, 2025: actual 47.78M USD, estimate 50.58M USD, surprise -5.55%, Miss. Q3 2025, reported Aug 7, 2025: actual 51.73M USD, estimate 56.81M USD, surprise -8.95%, Miss. Q4 2025, reported Nov 6, 2025: actual 57.12M USD, estimate 61.95M USD, surprise -7.81%, Miss. Q1 2026, reported Feb 12, 2026: actual 62.4M USD, estimate 61.96M USD, surprise +0.71%, Beat. Q2 2026, reported May 7, 2026: actual 60.13M USD, estimate 59.71M USD, surprise +0.70%, Beat. Q3 2026, reported Aug 6, 2026: actual 61.53M USD, estimate 61.17M USD, surprise +0.59%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 67.47M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$63.00

38.01% upside
Past 12 months12-month forecastHigh $74.00Average $63.00Low $50.00

Rating distribution

5 ratings
Strong buy00%
Buy5100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions
Northland Capital MarketsmaintainOutperform

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