PDF Solutions Q2 Revenue Jumps 19% to $61.5M, Backlog Hits $270.7M
PDFS has more than doubled off its 52-week low of $18.12.
Summary
PDF Solutions delivered a strong Q2 with revenue up 19% YoY to $61.5M, non-GAAP EPS of $0.27, and gross margins near 69-73%. The backlog grew to $270.7M, with platform revenue now ~80% of the mix, and management reaffirmed a 20% full-year growth target. This follows the bare EPS headline from August 6 and adds the full financial picture. Wells Fargo also initiated coverage with an Equal-Weight rating and $50 price target, providing a fresh sell-side view. The combination of accelerating platform revenue and a large backlog supports the growth narrative, though the stock is already trading near the new PT.
At the time of this announcement, PDFS was trading at $50.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $18.12 to $71.69. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.