PDF Solutions, Inc. (PDFS) Stock

PDF Solutions, Inc. (PDFS) is a Technology stock trading at $45.66 (as of 2026-08-21), with a market capitalization of $1.93B and a trailing P/E of 187.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PDF Solutions, Inc. provides software and physical IP offerings used in integrated circuit design, electrical measurement, and manufacturing processes, along with related methodologies and professional services. Its Exensio software covers areas such as manufacturing and process analytics, test operations, and assembly operations, and it also offers design-for-inspection systems including instruments and characterization vehicles for device manufacturers and engineering teams.

Understand PDF Solutions, Inc.: how it makes money

PDF Solutions provides proprietary software and physical IP products for integrated circuit design, electrical measurement, and professional services, and it makes money by selling Exensio software (including Manufacturing Analytics and Process Control) plus related physical tools and services to chip industry customers.

Profit visibility is supported by recurring revenue (0.06B) and Remaining Performance Obligations (0.23B), which together indicate that future deliveries and renewals for its software and related offerings are a core part of the revenue engine.

Revenue by segment (latest quarter)
Platform$0.1B
Analytics$0.1B

Business quality (Mixed): For the period ended 2026-03-31, the company reported gross margin of 71.8% and operating margin of 10.5%, with revenue split evenly between Platform (0.05B) and Analytics (0.05B).

Valuation: Trades at 350× trailing earnings · $3B market cap.

Bull case

  • Recurring revenue supports revenue durability: Recurring Revenue is 0.06B, suggesting a meaningful portion of results comes from repeatable software and related activity.
  • Backlog provides forward visibility: Remaining Performance Obligations are 0.23B, which can help indicate the amount of future work/deliveries tied to current commitments.

Bear case

  • Revenue mix suggests not all revenue is recurring: With total revenue of 0.1B and Recurring Revenue of 0.06B, a larger share (0.04B) comes from non-recurring or usage/other components, which can be harder to predict.
  • Exposure to chip industry customer spending: The company serves chip industry customers, and its offerings focus on manufacturing yield, performance, reliability, and electrical measurement needs, which can shift with customer priorities.
Valuation — source: SEC EDGAR (first-party)
Price$45.66
Market Cap$1.93B
P/E Ratio187.1
EV / EBITDA72.5
Price / Book5.18
Price / Sales8.00
FCF Yield-0.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$219.02M
Net Margin-0.3%
Revenue Growth (YoY)18.9%
EPS Growth (YoY)233.3%
FCF Growth (YoY)-117.0%
Financial Health — source: SEC EDGAR
Altman Z-Score7.92 (safe)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Stock P/E187.1
Sector P/E (Technology)34.0
Industry P/E (Business Services)30.2
vs Sector450.5%
vs Industry520.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($159.17M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOJohn K. Kibarian
Employees539
CountryUS
IPO Date2001-07-31

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PDFS earnings history · PDFS institutional & insider holders · PDFS KPIs & operating metrics · PDFS financials · PDFS investor presentations & press releases · PDFS SEC filings · PDFS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.