PDF Solutions Q2 revenue slightly beats estimates as it wins major customers

Overview

• Semiconductor data solutions firm's Q2 revenue rose 19% yr/yr, slightly beating analyst expectations

• Adjusted EPS for Q2 met analyst expectations

• Company reaffirmed 20% annual revenue growth target for 2026, citing increased backlog and customer wins

Outlook

• PDF Solutions reaffirms 20% annual revenue growth target for 2026

• Company expects increased backlog to contribute to revenue for several years

Result Drivers

• CUSTOMER WINS - Co said major customer wins for secureWISE, DirectScan, and Exensio offerings contributed to Q2 results

• PORTFOLIO BREADTH - CEO said growth was enabled by a broad product and services portfolio addressing semiconductor manufacturing needs

• BACKLOG INCREASE - Co said significantly increased backlog in Q2 is expected to add to revenue over a number of years

Company press release: ID:nGNX4rYtXf

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment testing peer group is "buy"

• Wall Street's median 12-month price target for PDF Solutions, Inc. is $60.00, about 21.3% above its August 5 closing price of $49.46

• The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 36 three months ago

Reuters Recommended Reads

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• Aug 5 - Everspin Q2 revenue rises 42%, beats analyst estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)