Q2 2026 PDF Solutions Inc Earnings Call Transcript
Key Points
- PDF Solutions Inc (PDFS) reported strong Q2 revenue of $61.5 million, up 19% year-over-year, with first-half revenue growth of 22%.
- The company secured eight-figure contracts for both SecureWise and DirectScan systems, along with multiple seven-figure contracts for Excensio products, indicating robust demand.
- Symmetrix bookings reached a record high, and total backlog grew to $271 million, up 10% quarter-over-quarter and 16% year-over-year.
- The company placed three new e-Probe e-beam inspection machines, including two with new customers, expanding its customer base and market reach.
- PDF Solutions Inc (PDFS) reaffirmed its 20% year-over-year revenue growth guidance for 2026, driven by strong bookings momentum and a robust pipeline.
- Operating margins improved by 300 basis points year-over-year to 22%, reflecting disciplined expense management despite lower gross margins in the quarter.
- Gross margin contracted to 73% in Q2, down from Q1 levels, due to higher perpetual software licenses in the prior quarter.
- The company expects incrementally higher capital expenditures in Q3 and Q4, partly due to rising component costs for DirectScan systems.
- The DirectScan evaluation with a new customer may take close to a year to convert into contracted revenue, creating uncertainty in near-term growth.
- PDF Solutions Inc (PDFS) faces supply chain challenges, particularly around computing components, which could impact production timelines and costs.
- The company did not provide specific guidance for 2027 e-Probe shipments, citing ongoing customer dialogues and supply chain optimization efforts.
Good day, everyone, and welcome to the PDF Solutions, Inc. Conference call to discuss its financial results for the second quarter conference call ending Tuesday, June the 30th, 2026.
At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone.
As a reminder, this conference is being recorded.
If you have not received a copy of the corresponding press release, it has been posted to the PDF's website at www.pdf.com.
Some of the statements that will be made in the course of this conference are forward-looking, including statements regarding PDF's future financial results and performance, growth rates and demand for its solution. PDF's actual results could differ materially.
You should refer to the section entitled Risk Factors on pages 16 through 30 on PDF's annual report on Form 10-K for the fiscal year ending December 31, 2025, and similar
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