| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | 2 | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 135.52 | 114.89 | 42.22 | 114.88 |
| Receivables | 44.90 | 73.65 | 82.94 | 90.58 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 197.85 | 205.98 | 163.89 | 252.61 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 2.56 | 8.26 | 17.08 | 12.39 |
| ST’ Debt | — | — | 2.24 | 2.86 |
| Other | — | — | — | — |
| 50.84 | 60.54 | 71.89 | 73.28 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 60.13 | 61.53 | — | — |
—
|
| ’25 | 47.78 | 51.73 | 57.12 | 62.40 |
219.02
|
| ’24 | 41.31 | 41.66 | 46.41 | 50.09 |
179.47
|
| ’23 | 40.76 | 41.60 | 42.35 | 41.13 |
165.84
|
| ’22 | 33.50 | 34.67 | 39.86 | 40.52 |
148.55
|
| ’21 | 24.20 | 27.42 | 29.56 | 29.89 |
111.06
|
| ’20 | 21.16 | 21.41 | 23.11 | 22.37 |
88.05
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.67 | 16.40 | — | — |
—
|
| ’25 | 8.64 | (5.21) | 3.29 | 17.34 |
24.05
|
| ’24 | (1.86) | 0.68 | 9.28 | 1.61 |
9.70
|
| ’23 | (0.98) | (5.63) | 19.19 | 2.03 |
14.60
|
| ’22 | 3.00 | 3.62 | 1.40 | 24.28 |
32.30
|
| ’21 | (8.32) | 8.13 | 4.02 | 0.42 |
4.24
|
| ’20 | 5.38 | 5.25 | 0.25 | 10.91 |
21.78
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (8.83) | 2.32 | — | — |
—
|
| ’25 | 0.44 | (16.68) | (3.04) | 8.19 |
(8.15)
|
| ’24 | (3.88) | 6.90 | (32.26) | (4.24) |
(8.03)
|
| ’23 | (3.88) | (8.73) | 16.23 | (0.38) |
3.23
|
| ’22 | 1.23 | 0.80 | (0.86) | 22.55 |
23.72
|
| ’21 | (8.91) | 7.60 | 2.43 | (0.92) |
0.19
|
| ’20 | 3.31 | 3.38 | (1.18) | 9.30 |
14.82
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.12 | 0.10 | — | — |
—
|
| ’25 | (0.08) | 0.03 | 0.03 | 0.00 |
(0.02)
|
| ’24 | (0.01) | 0.04 | 0.06 | 0.01 |
0.10
|
| ’23 | 0.01 | 0.17 | (0.13) | 0.02 |
0.08
|
| ’22 | (0.11) | (0.03) | 0.04 | 0.01 |
(0.09)
|
| ’21 | (0.21) | (0.12) | (0.06) | (0.19) |
(0.58)
|
| ’20 | (0.02) | (0.11) | (0.08) | (0.91) |
(1.17)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 19.34 | 26.12 | 26.94 | 15.91 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.80 | 48.02 | 39.70 | 32.31 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 458 | 493 | 539 | 600 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.32 | 0.34 | 0.33 | 0.37 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 148.55 | 165.84 | 179.47 | 219.02 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 67.75% | 68.79% | 69.83% | 72.32% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.47 | 4.87 | 6.58 | 3.20 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.32% | 2.94% | 3.67% | 1.46% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.43) | 3.11 | 4.06 | (0.64) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.56 | 10.68 | 9.53 | 14.50 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.98 | 4.36 | 4.65 | 5.57 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.09) | 0.08 | 0.11 | (0.02) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.87 | 0.38 | 0.25 | 0.61 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.23) | (0.30) | (0.46) | (0.82) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.64 | 0.09 | (0.21) | (0.21) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.63 | 6.02 | 6.37 | 6.89 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.31 | 38.02 | 38.60 | 39.32 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 387.38 | 270.80 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.00 | 7.10 | 5.82 | 5.12 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.95 | 5.15 | 4.25 | 4.14 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.11 | 6.31 | 5.21 | 5.23 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.06 | 339.95 | (27.78) | (31.24) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.30 | 14.60 | 9.70 | 24.05 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.58) | (11.37) | (17.73) | (32.20) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.72 | 3.23 | (8.03) | (8.15) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 135.21 | 147.01 | 145.44 | 92.00 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.34 | — | — | 67.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (131.84) | (135.52) | (114.88) | 24.78 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 210.01 | 228.95 | 246.04 | 271.02 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.24%) | 1.09% | 1.34% | (0.17%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.67%) | (0.10%) | 0.45% | 1.24% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.60%) | 1.41% | 1.71% | (0.25%) | — | — | — |
ROE
|
PDF Solutions (PDFS), a key player in semiconductor yield optimization software and analytics, has evolved into a high-margin operator amid AI-driven chip demand, with revenues more than doubling since 2019 to $179.5 million in 2024, fueled by acquisitions like Cimetrix and the Exensio platform. Gross margins expanded to 69.8% through a shift to recurring SaaS revenue (over 80%), while profitability turned positive, with net income at $4.1 million and forecasts projecting 20%+ CAGR to $311.9 million by 2027, alongside EPS tripling to $0.53. A fortress balance sheet—net cash of $115 million, zero debt—supports R&D and potential M&A, even as capex weighs on near-term free cash flow.
The company’s trajectory aligns with sector tailwinds like $100 billion annual semi capex and hyperscaler expansions at TSMC and Nvidia, positioning PDFS’s process control tools for yield gains in advanced nodes. Stock performance tracks these cycles, with shares tripling from pandemic lows and forward P/E compressing to 64x by 2027 versus peers, implying 8-13% upside per analysts. Bullish insider buys and no sells signal confidence.
Geopolitical risks like U.S.-China tensions and Taiwan vulnerabilities temper optimism, alongside cyclical consumer electronics weakness, but AI’s 40% CAGR in data center semis and CHIPS Act subsidies offer hedges. PDFS exemplifies semi-software resilience, with asymmetric upside for investors if the bull run persists.
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