Every material Form 8-K PDF Solutions has filed with the SEC since December 18, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PDF Solutions reported third-quarter 2026 revenue of $68.3 million, up 20% from a year earlier and up 11% from the second quarter, with GAAP diluted EPS of $0.16 versus $0.03 a year earlier. The company reaffirmed its 20% annual revenue growth target for 2026, but ending backlog fell to $247.2 million from $270.7 million in the second quarter and $292.0 million a year earlier.
Total revenue $68.3 million in Q3 2026, up 20% from $57.1 million in Q3 2025
GAAP diluted EPS $0.16 vs. $0.03 in Q3 2025; non-GAAP diluted EPS $0.40 vs. $0.25
Ending backlog $247.2 million, down from $270.7 million in Q2 2026 and $292.0 million in Q3 2025
Company reaffirmed its 20% annual revenue growth target for 2026
PDF Solutions reported second-quarter 2026 revenue of $61.5 million, up 19% from $51.7 million a year earlier but up only 2% from the first quarter. GAAP net income was $4.3 million, or $0.10 per diluted share, down from $4.8 million, or $0.12, in the first quarter, though up from $1.1 million, or $0.03, a year earlier. The company reaffirmed its 20% annual revenue growth target for 2026.
Total revenues $61.5 million, up 19% year over year and up from $60.1 million in Q1 2026
GAAP diluted EPS $0.10 versus $0.12 in Q1 2026 and $0.03 in Q2 2025; non-GAAP diluted EPS $0.27 versus $0.31 in Q1 2026
Ending backlog $270.7 million, up from $246.4 million in Q1 2026
May 2026 secondary offering issued 1.9 million shares for net proceeds of $81.8 million
PDF Solutions reported first-quarter 2026 revenue of $60.1 million, up 26% from a year earlier but down from $62.4 million in the fourth quarter of 2025. GAAP net income was $4.8 million, or $0.12 per diluted share, compared with a net loss of $3.0 million a year earlier, and management reaffirmed its prior guidance of 20% annual revenue growth for 2026.
Q1 2026 total revenue was $60.1 million, up 26% year over year and down 4% from Q4 2025.
GAAP net income was $4.8 million, or $0.12 per diluted share, versus a net loss of $3.0 million, or $(0.08) per share, in Q1 2025.
Non-GAAP diluted EPS was $0.31, compared with $0.21 in Q1 2025; ending backlog was $246.4 million.
Management reaffirmed its 20% annual revenue growth guidance for 2026 and did not change it.
On April 23, 2026, PDF Solutions signed a First Amendment to its March 7, 2025 Credit Agreement with Wells Fargo as administrative agent, increasing the revolving credit facility to $75 million. The amendment also ties the annual commitment fee on the facility to the company's total debt to EBITDA ratio, with all other material terms unchanged.
Revolving credit facility increased to an aggregate principal amount of $75 million
Commitment fee set at 0.50% if total debt to EBITDA is 2.50 to 1.00 or higher, 0.35% if between 0.50 to 1.00 and below 2.50 to 1.00, and 0.20% if below 0.50 to 1.00
Previously a flat 0.50% per annum rate applied
Wells Fargo Bank, National Association serves as administrative agent
PDF Solutions reported record fourth-quarter revenue of $62.4 million, up 25% from a year earlier, and record full-year revenue of $219.0 million, up 22%. GAAP results swung to a loss in both periods, while non-GAAP diluted earnings per share rose, and management expects 2026 revenue to grow in line with its 20% long-term target.
Q4 2025 total revenues were $62.4 million, up from $50.1 million in Q4 2024; full-year revenues were $219.0 million, up from $179.5 million.
Q4 2025 GAAP net loss was $48 thousand, or $(0.00) per diluted share, compared with net income of $0.5 million in Q4 2024.
Full-year 2025 GAAP net loss was $0.6 million, or $(0.02) per diluted share, compared with net income of $4.1 million in 2024.
Q4 2025 non-GAAP diluted EPS was $0.30, up from $0.25 in Q4 2024; full-year non-GAAP diluted EPS was $0.94, up from $0.84.
PDF Solutions reported third quarter 2025 results on November 6, 2025, with total revenue of $57.1 million, up 23% from $46.4 million a year earlier. GAAP net income fell to $1.3 million, or $0.03 per diluted share, from $2.2 million, or $0.06, in the third quarter of 2024, while non-GAAP diluted EPS was flat at $0.25. CEO John Kibarian said the company reaffirmed its prior 21-23% annual revenue growth guidance for 2025.
Q3 2025 revenue of $57.1 million, up 23% from Q3 2024 and up from $51.7 million in Q2 2025
GAAP net income of $1.3 million, or $0.03 per diluted share, versus $2.2 million, or $0.06, a year earlier
Non-GAAP diluted EPS of $0.25, unchanged from Q3 2024; ending backlog of $292.0 million
Management reaffirmed 21-23% annual revenue growth guidance for 2025
PDF Solutions reported second-quarter 2025 revenue of $51.7 million, up 24% from a year earlier and up from $47.8 million in the first quarter, and reaffirmed its 21-23% annual revenue growth guidance for 2025. GAAP net income was $1.1 million, or $0.03 per diluted share, down from $1.7 million in the second quarter of 2024 but a swing from a loss in the first quarter of 2025, so shareholders see strong top-line growth alongside lower year-over-year GAAP profit.
Q2 2025 total revenues were $51.7 million, up from $41.7 million in Q2 2024 and $47.8 million in Q1 2025.
GAAP net income was $1.1 million, or $0.03 per diluted share, versus $1.7 million ($0.04) in Q2 2024 and a net loss of $3.0 million in Q1 2025.
Non-GAAP diluted EPS was $0.19, compared with $0.18 in Q2 2024 and $0.21 in Q1 2025.
Management reaffirmed 21-23% annual revenue growth guidance for 2025; operating cash flow was negative $5.2 million in Q2 2025.
PDF Solutions reported first-quarter 2025 total revenue of $47.8 million, up 16% from a year earlier, and reaffirmed its 21-23% annual revenue growth guidance for 2025. The company posted a GAAP net loss of $3.0 million, or $(0.08) per diluted share, compared with a $0.4 million loss a year earlier, while non-GAAP diluted EPS rose to $0.21 from $0.15.
Total revenues of $47.8 million, up 16% from $41.3 million in Q1 2024 and down from $50.1 million in Q4 2024.
GAAP net loss of $3.0 million, or $(0.08) per diluted share, versus a net loss of $0.4 million, or $(0.01), in Q1 2024.
Non-GAAP net income of $8.1 million, or $0.21 per diluted share, versus $5.7 million, or $0.15, in Q1 2024.
Reaffirmed 21-23% annual revenue growth guidance; acquired SecureWise LLC in March 2025 with $70.0 million of new bank debt and cash on hand.
PDF Solutions completed its acquisition of the secureWISE business from Telit IOT Solutions on March 7, 2025, for a cash purchase price of $130 million, subject to customary adjustments. The company financed the deal with cash on hand and borrowings under a new credit agreement with Wells Fargo as administrative agent, which includes a $45 million revolving credit facility and a $25 million term loan. The new debt adds borrowing obligations and covenants that shareholders should weigh against the acquisition.
Acquisition of secureWISE business from Telit IOT Solutions closed March 7, 2025, for $130,000,000 in cash
Credit agreement with Wells Fargo Bank, National Association provides a $45 million revolving credit facility and a $25 million term loan
SOFR-based borrowing margins range from 2.00% to 2.75%, based on the consolidated total net leverage ratio
Covenants require a consolidated total net leverage ratio of no more than 3.00 to 1.00 and a fixed charge coverage ratio of at least 1.25 to 1.00
PDF Solutions entered an Equity Purchase Agreement on February 19, 2025 to acquire the secureWISE business from Telit IOT Solutions for a cash price of $130 million, subject to customary adjustments. The deal is expected to close in the first calendar quarter of 2025 and is partly funded by a $70 million debt commitment from Wells Fargo, which the filing says is not a financing contingency for the purchase.
Cash purchase price of $130,000,000, subject to adjustments for debt, transaction expenses, cash and working capital
Debt commitment from Wells Fargo: $45 million revolving credit facility and $25 million term loan
Either party may terminate if closing has not occurred by March 12, 2025; Company may owe a $6.5 million reverse termination fee in certain cases
Expected to close during the first calendar quarter of 2025; Board approved the transaction
PDF Solutions reported record fourth-quarter and full-year 2024 total revenues of $50.1 million and $179.5 million, up 22% and 8% respectively. The company said it expects full-year 2025 revenues to grow at a rate approaching 15%, while GAAP net income for the quarter fell to $0.5 million from $0.9 million a year earlier.
Q4 2024 total revenues were $50.1 million, up 22% from the fourth quarter of 2023, with GAAP diluted EPS of $0.01 versus $0.02 a year earlier.
Non-GAAP diluted EPS for Q4 2024 was $0.25, compared with $0.15 in Q4 2023.
Full-year 2024 revenues were $179.5 million, up 8%, and GAAP diluted EPS was $0.10 versus $0.08 in 2023.
CEO John Kibarian said the company expects 2025 full-year revenues to grow at a rate approaching 15% year over year.
PDF Solutions reported third-quarter 2024 revenue of $46.4 million, up 10% from a year earlier, with GAAP net income of $2.2 million, or $0.06 per diluted share, compared with a net loss a year earlier. CEO John Kibarian said the company now expects fourth-quarter revenue to grow year over year in line with its 20% long-term growth target, and the company noted the results are preliminary until its Form 10-Q is filed.
Total revenues of $46.4 million, up from $42.4 million in Q3 2023 and $41.7 million in Q2 2024
Analytics revenue of $44.8 million, up 13% year over year; Integrated Yield Ramp revenue of $1.7 million, down from $2.9 million a year earlier
GAAP net income of $2.2 million ($0.06 per diluted share) versus a net loss of $5.0 million ($0.13 per share) in Q3 2023; non-GAAP diluted EPS of $0.25 versus $0.20
Fourth-quarter revenue expected to grow year over year in line with the 20% long-term revenue growth target
PDF Solutions reported second-quarter 2024 results on August 8, 2024. Revenue of $41.7 million was flat year over year, while GAAP net income fell to $1.7 million, or $0.04 per diluted share, from $6.8 million, or $0.17, a year earlier. The company reiterated its expectation for 20% revenue growth in the second half of 2024 and said the results are preliminary until it files its Form 10-Q.
Total revenue of $41.7 million compared with $41.6 million in Q2 2023; analytics revenue rose 3% to $38.1 million.
GAAP net income of $1.7 million, or $0.04 per diluted share, versus $6.8 million, or $0.17, in Q2 2023.
Non-GAAP diluted EPS of $0.18, compared with $0.19 in Q2 2023.
CEO John Kibarian reiterated the expectation that second-half 2024 revenue will grow 20% over the prior-year period.
PDF Solutions reported first-quarter 2024 revenue of $41.3 million, up 1% from a year earlier, but swung to a GAAP net loss of $0.4 million, or $0.01 per diluted share, from a $0.4 million profit a year earlier. Non-GAAP diluted earnings per share fell to $0.15 from $0.19. Management expects second-half 2024 revenue to grow 20% over the prior-year period and adopted a new $40 million, two-year stock repurchase program in April 2024.
Q1 2024 total revenue was $41.3 million, up 1% from $40.8 million in Q1 2023; Analytics revenue was $38.5 million, up 6%.
GAAP net loss was $0.4 million, or $0.01 per diluted share, versus net income of $0.4 million, or $0.01 per share, in Q1 2023.
Non-GAAP diluted EPS was $0.15, down from $0.19 in Q1 2023; GAAP gross margin was 67%, down from 71%.
CEO John Kibarian said the company continues to expect second-half 2024 revenue to grow 20% over the prior-year period; a new $40 million, 2-year buyback was adopted in April 2024.
PDF Solutions reported fourth-quarter and full-year 2023 results, with full-year revenue of $165.8 million, up 12% from $148.5 million in 2022. Fourth-quarter revenue was $41.1 million, up about 1% from a year earlier but down from $42.4 million in the third quarter, and non-GAAP diluted EPS fell to $0.15 from $0.19. Management expects first-half 2024 revenue to be flat year over year and second-half revenue to grow 20%, and the company says its 2023 results are preliminary until its Form 10-K is filed.
Full-year 2023 revenue was $165.8 million, up 12%; full-year GAAP diluted EPS was $0.08 versus a loss of $0.09 in 2022
Q4 2023 revenue was $41.1 million, up from $40.5 million a year earlier but down from $42.4 million in Q3 2023
Q4 2023 non-GAAP diluted EPS was $0.15, compared with $0.19 in Q4 2022 and $0.20 in Q3 2023
Management expects revenue for the first half of 2024 to be flat year over year and for the second half to grow 20%
PDF Solutions’ board appointed Chi-Foon Chan as a Class II director effective immediately, on December 14, 2023, and assigned him to the Nominating and Corporate Governance committee. The filing describes his compensation under the company’s 2024 non-employee director program, which matters to shareholders as a board change with standard director pay and indemnification terms.
Chan appointed to the board on December 14, 2023, serving until the first Annual Meeting held after December 31, 2023
Annual cash retainer of $40,000, plus $4,000 for Nominating and Corporate Governance committee membership
Restricted stock unit award valued at $300,000, vesting 1/4 at grant and 1/4 each anniversary thereafter until fully vested
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