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Jun 30, 2022
PDF Solutions Q2 2022 Earnings Report
Reported second quarter 2022 results with record total revenues.
Key Takeaways
PDF Solutions reported record total revenues of $34.7 million for the second quarter of 2022, a 26% increase over the comparable quarter last year. Analytics revenue was $31.1 million, up 59% year-over-year and representing 90% of total revenues. The company's backlog reached $184.4 million as of June 30, 2022, a 33% increase compared to the previous year. GAAP gross margin was 65% and non-GAAP gross margin was 69% for the quarter. The company expects full year 2022 total revenues to grow approximately 25% on a year-over-year basis.
Record total revenues of $34.7 million, up 26% over last year’s comparable quarter
Analytics revenue of $31.1 million, up 59% over last year’s comparable quarter
Analytics revenue accounted for 90% of total revenues
Backlog of $184.4 million as of June 30, 2022, up 33% compared to backlog as of June 30, 2021
Forward Guidance
Expect full year 2022 total revenues to grow approximately 25% on a year-over-year basis
Historical Earnings Impact
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Avg. Return Before/After Earnings
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