---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-008831"
form_type: "8-K"
ticker: "PDFS"
cik: "0001120914"
company_name: "PDF SOLUTIONS INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:09:55.849697+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PDF Solutions reports record Q1 revenue $40.8M, up 22% YoY; guides mid-teens 2023 growth

## Summary
- Record Q1 revenue $40.8M (+22% YoY); Analytics revenue $36.3M (+19% YoY); Integrated Yield Ramp $4.4M (+44% YoY).
- GAAP diluted EPS $0.01 vs $(0.11) in Q1 2022; Non-GAAP diluted EPS $0.19 vs $0.09.
- Cash and investments $133.5M; no debt; operating cash flow ($1.0M) due to capex of $2.9M.
- Management expects 2023 revenue growth to approach mid-teens percent despite macro headwinds.

## SEC filing metadata
- accession: 0001558370-23-008831
- form_type: 8-K
- ticker: PDFS
- cik: 0001120914
- company_name: PDF SOLUTIONS INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120914/000155837023008831/0001558370-23-008831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120914/000155837023008831/pdfs-20230509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008831
- JSON: https://secwatch.observer/filing/0001558370-23-008831.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008831.txt

## Key facts
- Earnings Releases
  PDF SOLUTIONS INC reported first quarter ended March 31, 2023 results: revenue $40.8 million, net income $0.4 million, or $0.01 per diluted share, EPS $0.01 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $40.8 million
  - Net income: $0.4 million, or $0.01 per diluted share
  - EPS: $0.01 per diluted share
  - Result: reported results
  source text: ecosystem, today announced financial results for its first quarter ended March 31, 2023. Highlights of First Quarter 2023 Financial Results ● Record quarterly revenues of $40.8 million for the first quarter of 2023, up 22% over last year’s comparable quarter ● GAAP gross margin of 71% and Non-GAAP gross margin of 75% for the first quarter of 2023 ● GAAP diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120914/000155837023008831/0001558370-23-008831-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.