PDF Solutions(US:PDFS) Globenewswire·2025-11-06 21:10Core Insights - PDF Solutions, Inc. reported record total revenues of $57.1 million for the third quarter of 2025, representing a 23% increase compared to the same quarter last year [3][9] - The company achieved a GAAP gross margin of 72% and a non-GAAP gross margin of 76% for the third quarter of 2025 [3][9] - The CEO highlighted strong customer activity and platform development driven by AI-driven digitization, reaffirming the annual revenue growth guidance of 21-23% for the year [7] Financial Performance - Total revenues for Q3 2025 were $57.1 million, up from $51.7 million in Q2 2025 and $46.4 million in Q3 2024 [3] - GAAP gross margin was 72%, compared to 71% in Q2 2025 and 73% in Q3 2024; non-GAAP gross margin remained stable at 76% [3] - GAAP operating margin improved to 8% from 2% in Q2 2025 and 5% in Q3 2024; non-GAAP operating margin increased to 23% from 19% in Q2 2025 and 21% in Q3 2024 [4] - GAAP net income for Q3 2025 was $1.3 million, or $0.03 per diluted share, compared to $1.1 million in Q2 2025 and $2.2 million in Q3 2024 [5] - Non-GAAP net income was $9.8 million, or $0.25 per diluted share, compared to $7.3 million in Q2 2025 and $9.9 million in Q3 2024 [6] Operational Highlights - The ending backlog for the company was reported at $292.0 million, indicating strong future revenue potential [9] - The analytics segment generated $54.7 million in revenue, contributing significantly to the overall revenue growth [19] - The company continues to focus on enhancing its PDF Platform, which includes analytics, AI/Model Ops, and advanced manufacturing solutions [7][13]