Added to YB: 2026-04-28
Pitch date: 2026-04-24
PDFS [neutral]
PDF Solutions, Inc.
-12.69%
current return
Author Info
No bio for this author
Company Info
PDF Solutions, Inc. provides proprietary software, physical intellectual property for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, Japan, China, and internationally.
Market Cap
$1.9B
Pitch Price
$47.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
91.80
P/E
-2.3K
EV/Sales
8.61
Sector
Semiconductors and Semiconductor Equipment
Category
growth
PDF Solutions Write-up w/Mgmt Analysis (PDFS).
PDFS (overview): Transformed from niche yield-ramp vendor to semiconductor manufacturing data/AI/connectivity platform. 2025 rev $219M (+22%), 76% gross margin, 21% op margin, 94% recurring mix, $254M backlog. Acquired secureWISE ($130M) for equipment access network in 90%+ global 300mm fabs. 8.1x 2025 rev, ~38x op income. Bull: rare stack (Cimetrix, secureWISE, Exensio, StudioAI, DirectScan eProbe), AI/complexity tailwind, founder-led (CEO 6.55% owner). Bear: execution risk, 3 customers=53% rev, eProbe capex pressure, thin GAAP profit, no COO, $68M debt.
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