PDFS · Pdf Solutions Inc
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. PDF Solutions reported Q2 2026 revenue of $61.5M, up 19% YoY, with backlog rising to $270.7M on major secureWISE, DirectScan, and Exensio wins; the company reaffirmed its 20% annual revenue growth target for 2026. Non-GAAP gross margin of 73% and non-GAAP operating margin of 22% declined sequentially, and CapEx is expected to step higher in Q3/Q4.
- + Q2 revenue grew 19% YoY to $61.5M with ending backlog up to $270.7M from $232.6M a year ago.
- + Major customer wins for secureWISE, DirectScan, and Exensio significantly increased backlog expected to convert to revenue over multiple years.
- + Company reaffirmed its 20% annual revenue growth target for 2026.
- + Volume-based revenue jumped 45% YoY to $12.4M and GAAP operating margin expanded to 8% from 2% a year ago.
- − Non-GAAP gross margin of 73% declined from 76% in Q1 2026 and Q2 2025.
- − Non-GAAP operating margin of 22% fell from 25% in Q1 2026 and GAAP diluted EPS of $0.10 trailed Q1's $0.12.
- − CapEx is expected to step higher in Q3/Q4, and costs for the eProbe computing element continue to rise.
- − Recurring revenue mix slipped to 80% from 89% in Q1 2026, signaling less predictable near-term revenue.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Cash Used for CAPEX | $24.58M | Six Months Ended June 30, 2026 | — |
| Cash Used for Capital Expenditures (CAPEX) | $14.08M | Q2 2026 | — |
| Effective Tax Rate | 8% | Q2 2026 | — |
| Ending backlog | 270.7M | second quarter of 2026 | — |
| Gross margin | 69% | the three months ended June 30, 2026 filing | — |
| International revenues as a percentage of total revenues | 45% | Three Months Ended June 30, 2026 filing | — |
| Non-GAAP gross margin non-GAAP | 73% | Q2 2026 | — |
| Non-GAAP income from operations non-GAAP | $13.65M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP income (loss) from operations 5.06M
+6M Stock-based compensation expense
+2.06M Amortization of acquired intangible assets
+501K Expenses for certain legal proceedings
+30K Acquisition-related and integration costs
= Non-GAAP income from operations 13.65M
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| Non-GAAP net income non-GAAP | $11.37M | Q2 2026 | — |
| Non-GAAP net income per diluted share non-GAAP | $0.27 | Q2 2026 | — |
| Non-GAAP operating margin non-GAAP | 22% | Q2 2026 | — |
| Operating Cash Flow | $18.08M | Six Months Ended June 30, 2026 | — |
| Outstanding Debt, net | $66.52M | Q2 2026 | — |
| Platform revenue | $49.1M | Q2 2026 | +13.7% |
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| Platform revenue as a percentage of total revenues | 80% | the three months ended June 30, 2026 filing | — |
| Recurring revenue | 80% | Q2 2026 | -10.1% |
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| Research and development as a percentage of total revenues | 28% | the three months ended June 30, 2026 filing | — |
| Selling, general, and administrative as a percentage of total revenues | 31% | the three months ended June 30, 2026 filing | — |
| Upfront revenue | 20% | Q2 2026 | +81.8% |
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| Volume-based revenue | $12.4M | Q2 2026 | +45.4% |
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| Volume-based revenue as a percentage of total revenues | 20% | the three months ended June 30, 2026 filing | — |
| Weighted Average Common Shares Outstanding | 40.9M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PDFS
this stock
Pdf Solutions Inc
|
$2.09B | +87.1% | -5.2% | 198.2 | 7.7% |
|
QH
QUHUO Ltd
|
$350.35B | +238.0% | +59.7% | — | 0.0% |
|
SAP
Sap SE
|
$243.17B | -13.2% | — | — | 0.4% |
|
CRM
Salesforce, Inc.
|
$191.79B | -10.7% | +25.9% | 21.3 | 3.9% |
|
SHOP
Shopify Inc.
|
$183.03B | -7.4% | +30.1% | 95.5 | 1.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PDFS | +11.5% | +27.0% | +37.5% | +4.6% | +87.1% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | +11.9% | +27.1% | +25.1% | +4.4% | +75.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.