Slide 1: Financial Analyst Briefing
2025 Users Conference Financial Analyst Briefing* John Kibarian, Adnan Raza, Kimon Michaels December 3, 2025 *The mix of Platform and Volume-based revenues on Slide 18 has been corrected as of 2/24/2026
Slide 2: Key Themes for Today
Key Themes for Today The semiconductor industry is evolving to the 3D era The semiconductor market is growing rapidly: ~$1.1T in 2030 The industry needs a unified analytics platform PDF is the largest independent analytics platform, growing in industry relevance © 2025 PDF Solutions, Inc. or its sub
Slide 3: Semiconductor Industry Growth Driven By AI
Semiconductor Industry Growth Driven By AI ▪ By 2030, AI represents ~67% of the semi market ▪ AI expected to grow 3x faster than the semi market at ~30% CAGR ▪ AI growth driven by both Cloud and Edge applications Sources: International Business Strategies © 2025 PDF Solutions, Inc. or its subsidiari
Slide 4: The Market Opportunity Requires Solutions to Three Key Challenges
The Market Opportunity Requires Solutions to Three Key Manufacturing and R&D Challenges operating through a leveraging AI at all innovations in 3D complex global levels, from design to supply chain manufacturing PDF Solutions is instrumental to addressing these challenges © 2025 PDF Solutions, Inc.
Slide 5: Rapidly Growing Market Opportunity In 3D
Rapidly Growing Market Opportunity In 3D 2030 Foundry Market: ~$100B for <2nm wafers 2030 Advanced Packaging Market: ~$80B Sources: International Business Strategies, Yole Group © 2025 PDF Solutions, Inc. or its subsidiaries 5
Slide 6: An Expanding, Complex Global Semiconductor Supply Chain
An Expanding, Complex Global Semiconductor Supply Chain European Union Governments expected to deploy over South Korea $1.5T in the semi ecosystem through €43B in public funding aimed at doubling EU’s share of global chip ₩33T semiconductor support 2030 output to 20% by 2030(2) package, inclusive of
Slide 7: AI Adoption to Support Centralized Learning Across A Global Network
AI Adoption to Support Centralized Learning Across A Global Network Talent Shortage Labor Cost Variances Dispersed Manufacturing McKinsey estimates shortfall of Regional differences in labor Use engineering centers to drive semiconductor engineers could costs also helping to drive AI improvements gl
Slide 8: The PDF Platform brings together data, analytics, and orchestration
The PDF Platform brings together data, analytics, and orchestration to meet the challenges facing the semiconductor ecosystem. Big Data Infrastructure • Analytics & AI • Mission Critical Actions innovations in 3D global supply chain Characterization Smart Supply Chain & Technology Manufacturing & Or
Slide 9: The Semiconductor Ecosystem
The Semiconductor Ecosystem SUSS MicroTec Nikon ACCRETECH Representative companies, not intended to disclose customers © 2025 PDF Solutions, Inc. or its subsidiaries 9
Slide 10: Trusted by the Top Companies in the Industry
Trusted by the Top Companies in the Industry “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 streamline, and aut
Slide 11: Our Partners - Based on Industry Standards & Integrated with Leading Solutions Providers
Our Partners - Based on Industry Standards & Integrated with Leading Solutions Providers Financial: Links business & supply chain data with E2E MES: Integrated offering with PDF manufacturing data for analytics automation/analysis of quality & cost Test: Differentiated data and Collaboration with pT
Slide 12: The Scale of the PDF Solutions Platform
The Scale of the PDF Solutions Platform The PDF Solutions platform connects the overall semiconductor ecosystem DATA PLATFORM REACH ENTERPRISE CAPABILITY Petabytes 100+ >250 99.9% 24/7 of cloud-managed data 10s of Ks from equipment at fabs and OSATs uptime across all global tools 8 regions support O
Slide 13: Growing Manufacturing Costs and CapEx Necessitate Analytics
Growing Manufacturing Costs and CapEx Necessitate the Need for Analytics to Drive Efficiency Global Semi Manufacturing & ▪ Semi wafer manufacturing represents Equipment ~50% of the semiconductor market ~$780B ▪ Growing need for analytics driven by Semi CapEx spending ▪ Technology scaling Semi manufa
Slide 14: PDF Solutions Transformation and Addressable Market Expansion
PDF Solutions Transformation and Addressable Market Expansion PDF’s Transformation PDF Addressable Market 2010 2020 2030+ Yield Ramp & Technology Development Manufacturing Analytics High Volume Manufacturing Equipment & Supply Chain Orchestration • 2019 – 2023 addressable market expansion exceeded t
Slide 15: Annual revenue trend from FY2015 to FY2024
Annual revenue trend from FY2015 to FY2024 “TRANSITION” to Analytics Phase “GROW” Analytics Phase © 2025 PDF Solutions, Inc. or its subsidiaries 15
Slide 16: Analytics Driving Revenue Growth
Analytics Driving Revenue Growth 20% CAGR (Total Rev) Strong revenue growth driven by: • Renewals of cloud/TBL deals • Expansions within analytics • Move to Cloud • Shift to subscription 29% CAGR (Analytics) Analytics Revenue as % of total • 94% TTM Q3’25 vs. 65% in 2020 © 2025 PDF Solutions, Inc. o
Slide 17: Strong Expansion on Gross and Operating Margin
Strong Expansion on Gross and Operating Margin Gross Margin (%) Operating Margin (%) 2023 Non-GAAP Target Margin, 20% 20% 17% 17% 76% 15% 2023 Non-GAAP Target Margin, 75% 74% 73% 72% 71% 70% 2% 2% 69% 1% 68% (1%) (0%) (1%) 64% 63% 60% 58% (17%) (19%) FY2020 FY2021 FY2022 FY2023 FY2024 YTD FY2020 FY2
Slide 18: Revenue Mix: Platform vs. Volume-Based
Revenue Mix: Platform vs. Volume-Based* Quarterly $50M $48M $52M $57M $9M Platform Revenue $6M $10M $9M • SaaS, TBL, perpetual software licenses and services • DFI and CV systems Annual and TTM $166M $179M $207M $34M Volume-Based Revenue $149M $18M $22M • Cimetrix run-time license fees $28M • secure
Slide 19: Revenue Mix: Recurring vs. Upfront
Revenue Mix: Recurring vs. Upfront Quarterly $50M $52M $57M $3M Recurring Revenue • SaaS, TBL software, $48M $6M $4M $12M M&S, services, DFI and CV system subscriptions, $54M $44M $46M $38M Cimetrix, secureWISE, Q4 2024 Q1 2025 Q2 2025 Q3 2025 and Gainshare Annual and TTM Upfront Revenue $207M $179M
Slide 20: Meaningful Leverage from eProbe Machine Investment
Meaningful Leverage from eProbe Machine Investment $5+ EXPECTED ROI >5x machine cost in lifetime revenue STRATEGIC SHIFT From owned hardware → subscription Mirrors cloud platform transition in industry SUBSCRIPTION ADVANTAGE $1 Ability to upgrade with minimal cost Recurring revenue for PDF $1 Invest
Slide 21: Strong Backlog Growth Increases Revenue Visibility
Strong Backlog Growth Increases Revenue Visibility $292M DUAL FOCUS Growing backlog + building long- term customer relationships Backlog 2.7X 23% CAGR STRONG GROWTH METRICS Revenue CAGR: 20% (2020 → $108M TTM Q3 2025) Backlog growth: ~3% faster than revenue 2020 Q3'2025 Total Backlog © 2025 PDF Solu
Slide 22: Global Geographic Revenue Distribution
Global Geographic Revenue Distribution $88M $111M $149M $166M $179M $207M 19% 16% 21% 21% 28% 26% 6% 6% 5% 3% 6% 16% 12% 15% 9% 16% 13% 6% 16% 9% 10% 21% 21% 5% 56% 50% 45% 41% 42% 41% Globally diverse geographic distribution 2020 2021 2022 2023 2024 TTM Q3 2025 United States Japan China Taiwan Rest
Slide 23: Capital Allocation over last 5 years
Capital Allocation over last 5 years Return Capital to Invest in Stockholders through Organic Growth Stock Buyback BALANCE SHEET $35.9M CAPEX M&A & Investments Share Repurchase Q3 2025 cash $71.6M $165.5M $34.9M $67.6M Invest in M&A to Q3 2025 debt Enhance Growth © 2025 PDF Solutions, Inc. or its su
Slide 24: Long-Term Financial Targets
Long-Term Financial Targets Prior Targets New Targets Total Revenue Growth >20% 20% Non-GAAP Gross Margins >75% >77% Non-GAAP Operating Margin 20% >27% Assumes Semi Industry and Semi CapEx both grow 10% or greater per year © 2025 PDF Solutions, Inc. or its subsidiaries 24
Slide 25: 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 26: 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 27: 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