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Sep 30, 2022
PDF Solutions Q3 2022 Earnings Report
PDF Solutions reported record total revenues and increased GAAP and non-GAAP gross margins for Q3 2022.
Key Takeaways
PDF Solutions announced financial results for the third quarter ended September 30, 2022. Total revenues for the third quarter of 2022 were $39.9 million, up 35% compared to the third quarter of 2021. GAAP diluted earnings per share (EPS) was $0.04 and non-GAAP diluted EPS was $0.20.
Record total revenues of $39.9 million, up 35% over last year’s comparable quarter
GAAP gross margin of 69%
Non-GAAP gross margin of 72%
GAAP diluted earnings per share (EPS) of $0.04 and non-GAAP diluted EPS of $0.20
Forward Guidance
The Company expects full year 2022 total revenue growth to approach 30% on a year over year basis. Backlog at the end of the year is expected to be strong, in part due to strong bookings in the fourth quarter that have already exceeded $100.0 million, which will be recognized as revenue over multiple years.
Positive Outlook
- Expects full year 2022 total revenue growth to approach 30% on a year over year basis.
- Backlog at the end of the year is expected to be strong.
- Strong bookings in the fourth quarter that have already exceeded $100.0 million.
- Believes they are positioned well to deliver long-term value to their stockholders.
- Continuing to evaluate 2023 targets and will provide an update at the beginning of next year.
Challenges Ahead
- Challenges in the semiconductor environment.
- Geopolitical factors.
- No business is immune to macro and regulatory headwinds.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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