PDF Solutions, Inc. (PDFS) Q2 2026 Earnings Call

Investor webinar replay

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to meet the demand we're seeing and to order some of the longer lead time items as we look to future shipments. For each of the next two quarters, we expect to spend incrementally higher capex than Q2. For the full year, we expect the average quarterly capex similar to Q2. The increased capex year over year is in part due to higher component costs we're seeing to meet the customer demands that John spoke about for the direct scan systems. Given the strength of our business, we expect to grow our cash balances this year and end the year at higher ending cash balance compared to Q2. While we also bring down our debt balance, we have scheduled payments. As we look to the rest of the year and based on the bookings momentum in our deal pipeline discussed earlier, we reaffirm our prior guidance of revenue growth of 20% for full year 2026 compared to the prior full year 2025. With that, let me turn the call over to the operator for Q&A. Thank you, Mr. Raza. Ladies and gentlemen, if you have a question at this time, please press star 11 on your telephone. If you're using a speakerphone, please lift the handset before asking a question. Please wait one moment for our first question. Our first question comes from the line of Clock Right with DA Davidson. Your line is open. Heather, thank you. Roughly a year ago, you noted that the target audience for direct scan systems was 5 to 10 customers. Based on the conversations you were having today with prospects, has that group expanded? Yeah, it's a good question, Clark. Thank you. We do think it's expanding. In my prepared remarks, I mentioned that we saw value for a customer that was developing a more mature node. And we do see other customers like them that are developing more mature notes. And we had been working with them for q...