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Jun 30, 2021
PDF Solutions Q2 2021 Earnings Report
PDF Solutions reported second quarter 2021 results with increased revenue and improved gross margin.
Key Takeaways
PDF Solutions reported total revenues of $27.4 million for the second quarter of 2021, a 28% increase compared to the second quarter of 2020. Analytics revenue grew by 29% year-over-year, and the company's backlog increased by 118%. GAAP gross margin was 61%, and non-GAAP gross margin was 63%.
Total revenues of $27.4 million, up 28% year-over-year.
Analytics revenue of $19.6 million, up 29% year-over-year.
Bookings for the first half of 2021 increased by approximately 60% compared to the first half of 2020.
Backlog ending Q2 2021 up 118% to $138.6 million compared to June 30, 2020.
Forward Guidance
The company expects total revenues for calendar year 2021 to grow between 20-25% compared to calendar year 2020 and Analytics revenue for calendar year 2021 to grow more than 30% compared to calendar year 2020.
Positive Outlook
- Expect total revenues for calendar year 2021 to grow between 20-25% compared to calendar year 2020
- Expect Analytics revenue for calendar year 2021 to grow more than 30% compared to calendar year 2020
Historical Earnings Impact
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Avg. Return Before/After Earnings
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