Pdf Solutions, Inc. · NASDAQ:PDFS
Pdf Solutions — Investor Presentation (August 2026)
30 slides from Pdf Solutions's investor presentation, August 2026
Slide 1: Investor Presentation
PDF Solutions Investor Presentation John Kibarian President & CEO, Co-Founder Kimon Michaels Executive VP, Products and Solutions, Co-Founder August 2026 Adnan Raza Executive VP, Finance & CFO
Slide 2: PDF Solutions: Enabling the Digital Transformation of Semiconductor Manufacturing
PDF Solutions: Enabling the Digital Transformation of Semiconductor Manufacturing We generate and integrate data across the supply chain, and using AI we drive fast improvements in yield, quality, and efficiency founded PDFS 1991 HQ Santa Clara, CA, USA Nasdaq exchange ticker Offices & support teams
Slide 3: Making Smarter Decisions Via Differentiated Data and Powerful Analytics
Making Smarter Decisions Via Differentiated Data and Powerful Analytics $1Tn semiconductor industry (1) $400-500Bn manufacturing cost (2) Tools operate at 60–80% efficiency (2) t est & p ac k ag e end use Call to Action: Unlock $140Bn in value (2) through AI-driven collaboration and smarter decision
Slide 4: Enabling the Digital Transformation of Semiconductor Manufacturing
Enabling the Digital Transformation of Semiconductor Manufacturing 1 Embedded in Semiconductor Sector on an AI-driven Projected $1Tn Industry Revenue Path, with Exploding Complexity 2 Platform Combines Data, Analytics, and Orchestration to Meet Challenges 3 Mission Critical Role Across the Semicondu
Slide 5: Embedded in Semiconductor Sector on an AI-driven Projected $1Tn Industry Revenue Path
1 Embedded in Semiconductor Sector on an AI-driven Projected $1Tn Industry Revenue Path, with Exploding Complexity Expanding Growth Opportunity in Semiconductor Industry... New Semiconductor Fabs Starting Rapidly Expanding Semiconductor Market 2023 – 2029 Semiconductor Industry CAGRs (1) Constructio
Slide 6: Platform Combines Data, Analytics, and Orchestration to Meet Challenges
2 Platform Combines Data, Analytics, and Orchestration to Meet Challenges manufacturing supply chain Big Data Infrastructure • Analytics & AI • Mission Critical Actions Characterization & Smart Supply Chain Technology Manufacturing & Orchestration Development Analytics product lifecycle 6
Slide 7: Semiconductor Supply Chain Ecosystem
3 Semiconductor Supply Chain Ecosystem SUSS MicroTec Nikon ACCRETECH Representative companies, not intended to disclose customers 7
Slide 8: Mission Critical Role Across the Semiconductor Supply Chain
3 Mission Critical Role Across the Semiconductor Supply Chain e.g. e.g. e.g. e.g. Limited insight Enterprise Apps Fragmented across industry Supply Chain Orchestration Integration constituents (1) semiconductor data landscape limits Equipment Process Manufacturing Manufacturing Test actionable insig
Slide 9: Mission Critical Role Across the Semiconductor Supply Chain (Continued)
3 Mission Critical Role Across the Semiconductor Supply Chain (Continued) Act on Insight Single platform to Access & Analyze data, and create Insights-based Analyze Data, Actions across the Gain Insight semiconductor ecosystem Create, Access, Integrate Data 9
Slide 10: Trusted by Top Companies in the Semiconductor Supply Chain
3 Trusted by Top Companies in the Semiconductor Supply Chain “Exensio links together the huge “PDFS integrates data […] and “PDF Solutions: a partner Committed, variety of data types necessary to provides templates to standardize, Experienced, and trusted in the perform analysis across the value str
Slide 11: Differentiated and Robust Data Access, Creation, and Control
4 Differentiated and Robust Data Access, Creation, and Control Setting and Leading Enterprise Readiness (1) Ecosystem Reach (1) Industry Standards 10s Of Ks 100+ Semi Industry Enterprise Applications Integration Tools Equipment OEMs Eg, E187, 188, 190, 191 MES, PLM, ERP, SCM Chair 10 Committees >300
Slide 12: AI-ready Data Platform Represents Estimated >$5.3Bn Opportunity
5 AI-ready Data Platform Represents Estimated >$5.3Bn (1) Opportunity PDF’s Transformation PDF’s Addressable Market (1) 2010 2020 2030+ ($Bn) $5.3 Yield Ramp & Technology Development $2.6 Manufacturing Analytics $1.3 High Volume Manufacturing Equipment & Supply 2019 2023 2030 Chain Orchestration • 2
Slide 13: Financial Overview
Financial Overview
Slide 14: Track Record of Execution
Track Record of Execution Non-GAAP Gross Non-GAAP Operating Non-GAAP Earnings Revenue Margin (1) Margin (1) per Share (1) ($M) (%) (%) ($) 20% CAGR +13% +22% +$0.96 per Share $219 76% 21% $0.94 $88 63% (1%) ($0.02) FY2020 FY2025 FY2020 FY2025 FY2020 FY2025 FY2020 FY2025 Notes: 1. Refer to Appendix f
Slide 15: Annual Revenue Trend from FY2015 to FY2025
Annual Revenue Trend from FY2015 to FY2025 “Transition” to Analytics Phase “Grow” Analytics Phase $241MM $219MM $179MM $166MM $149MM $107MM $111MM $98MM $102MM $86MM $86MM $88MM FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 LTM (1) Notes: 1. LTM defined as Q3 FY2025 th
Slide 16: Revenue Mix: Recurring vs. Upfront
Revenue Mix: Recurring vs. Upfront Annual Revenue Mix ($M, %) $166MM $179MM $219MM $241MM Recurring Revenue • SaaS, TBL software, M&S, services, DFI and CV system subscriptions, Cimetrix, secureWISE, and Gainshare 81% 87% 90% 94% Upfront Revenue • Perpetual software licenses • Sale of DFI systems 19
Slide 17: Revenue Mix: Platform vs. Volume-Based
Revenue Mix: Platform vs. Volume-Based Annual Revenue Mix ($M, %) $166MM $179MM $219MM $241MM Platform Revenue • SaaS, TBL, perpetual software licenses and services • Fixed fees for DFI and CV systems 83% 83% 89% 88% Volume-Based Revenue • Cimetrix run-time license fees • secureWISE data fees 17% 17
Slide 18: Global Geographic Revenue Distribution
Global Geographic Revenue Distribution $88MM $111MM $149MM $166MM $179MM $219MM $241MM 22% 19% 21% 25% 26% 32% 37% 15% 13% 16% 16% 12% 13% 6% 14% 18% 16% 9% 10% 21% 5% 56% 50% 52% 45% 48% 42% 41% Globally diverse geographic distribution (1) 2020 2021 2022 2023 2024 2025 LTM Notes: 1. LTM defined as
Slide 19: Capital Allocation over 2020 to Q2 2026
Capital Allocation over 2020 to Q2 2026 period Invest in Return Capital to BALANCE SHEET Stockholders through Organic Growth Stock Buyback $114.9M Cash as of June 30, 2026 CAPEX $106.0M M&A & Investments $165.5M Share Repurchase $34.9M $67.5M Outstanding Debt as of June 30, 2026 ($30M of unused revo
Slide 20: Long-Term Financial Model
Long-Term Financial Model Long-Term Target Total Revenue Growth 20% Non-GAAP Gross Margin >77% Non-GAAP Operating Margin >27% Notes: 1. Assumes Semi Industry and Semi CapEx both grow 10% or greater per year 2. These goals are forward-looking, are subject to significant business, economic, and compet
Slide 21: GAAP to Non-GAAP Reconciliation
APPENDIX GAAP to Non-GAAP Reconciliation
Slide 22: GAAP to Non-GAAP Reconciliation of Gross Margin
GAAP to Non-GAAP Reconciliation of Gross Margin FY2020-25 (In thousands) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 GAAP Total Revenues $88,046 $111,060 $148,549 $165,835 $179,465 $219,024 Cost of Revenues $36,765 $44,193 $47,907 $51,749 $54,144 $60,623 GAAP Gross Profit $51,281 $66,867 $100,642 $114
Slide 23: GAAP to Non-GAAP Reconciliation of Operating Margin
GAAP to Non-GAAP Reconciliation of Operating Margin FY2020-25 (In thousands) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Revenue $88,046 $111,060 $148,549 $165,835 $179,465 $219,024 Cost of Revenue - GAAP $36,765 $44,193 $47,907 $51,749 $54,144 $60,623 Adjustments to reconcile GAAP Cost of Revenue to
Slide 24: GAAP to Non-GAAP Reconciliation of EPS
GAAP to Non-GAAP Reconciliation of EPS FY2020-25 (In thousands, except per share amounts) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 GAAP Net Income (Loss) ($40,363) ($21,488) ($3,429) $3,105 $4,057 ($640) Adjustments to reconcile GAAP Net Income (Loss) to non-GAAP Net Income Stock-based Compensation
Slide 25: Revenue Mix by Quarter
APPENDIX Revenue Mix by Quarter
Slide 26: Revenue Mix: Recurring vs. Upfront
Revenue Mix: Recurring vs. Upfront $62M $60M $62M Quarterly Revenue Mix $57M ($M, %) $50M $52M $46M $48M $42M 80% 89% 75% 98% 77% 89% 95% 92% 94% 23% 25% 20% 11% 11% 6% 8% 5% 2% Q2-FY24 Q3-FY24 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Recurring Revenue Upfront Revenue Recurring Revenu
Slide 27: Revenue Mix: Platform vs. Volume-Based
Revenue Mix: Platform vs. Volume-Based $62M $60M $62M $57M Quarterly Revenue Mix $50M $52M ($M, %) $46M $48M $42M 84% 80% 85% 84% 78% 84% 87% 88% 87% 22% 16% 20% 16% 16% 15% 13% 12% 13% Q2-FY24 Q3-FY24 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Platform Revenue Volume-Based Revenue Plat
Slide 28: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation, and statements that may be made when discussing it, include forward-looking statements regarding the Company’s future expected business performance and financial results, including expectations about target metrics, portfolio streng
Slide 29: GAAP / Non-GAAP Presentation
GAAP / Non-GAAP Presentation In addition to providing results that are determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the Company also provides certain non-GAAP financial measures. Non-GAAP gross profit and margin exclude stock- based
Slide 30: Thank You
Thank You PDF / SOLUTIONS www.pdf.com INSTAGRAM TWITTER FACEBOOK LINKEDIN WECHAT YOUTUBE @pdfs.Inc @pdt_solutions | pdfsolutionsinc | @pdf-solutions | @pdfs_cn | @pdf_solutions