PDF Solutions, Inc. Q3 2026 Earnings Recap

Shares rose 9.0% after the company reported record Q3 revenue, up 20% year over year, and reaffirmed its 20% full-year 2026 growth target. The positive reaction reflects strong platform revenue and sizable customer contracts, though the transcript provides limited detail on margins and the remainder of the financial outlook.

Key Takeaways

• Revenue reached a quarterly record of $68.3 million, up 11% from Q2 and 20% year over year.
• Platform revenue was $58.3 million, up 19% sequentially and 22% year over year, driven by leading-edge engagements.
• The company booked an eight-figure eProbe and characterization-analysis contract, plus multiple seven-figure deals across its platform.
• Q3-end backlog was $247 million; management expects year-end backlog to exceed the $271 million reported for Q2.
• Management reaffirmed its 20% annual growth target for 2026 and said customer activity is setting up the business for 2027.