Filing Flows › PDF Solutions (PDFS) › Q1 2026
PDF Solutions (PDFS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
PDF Solutions (PDFS) reported revenue of $60.1M for the first quarter 2026 (Q1 2026), +26% from a year earlier and -4% from the quarter before. Operating margin was 10.5%, net earnings $4.8M (8.0% of revenue).
PDF Solutions, Q1 2026: revenue $60.1M (+26% year over year), operating margin 10.5%, net earnings $4.8M, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.1M | -4% | +26% |
| Gross profit | $43.2M | -5% | +24% |
| Operating profit | $6.3M | +83% | — |
| Net earnings | $4.8M | — | — |
| Operating cash flow | $1.7M | -90% | -81% |
What changed
Revenue was $60.1M in Q1 2026, up 26% year over year and down 4% from the previous quarter. Platform was the largest line at 85% of revenue. Platform added $13.6M year over year (up 36%), 110% of the total change. Volume-Based declined 12%.
Gross margin was 71.8%, down 1.1 points from Q1 2025. Operating profit was $6.3M, a 10.5% margin (up 17.9 points year over year). Operating expenses fell 4% while revenue rose 26%. The fastest-growing cost line was Other operating costs (+180%). Net earnings were $4.8M. The effective tax rate was 17.6%.
Operating cash flow was $1.7M (down 81% year over year), 35% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $11.1M. Capital expenditures of $10.5M exceeded it, leaving free cash flow of −$8.8M.
Questions
What was PDF Solutions' revenue in the first quarter 2026?
PDF Solutions (PDFS) reported revenue of $60.1M for the first quarter 2026 (Q1 2026), +26% from a year earlier and -4% from the quarter before.
Was PDF Solutions profitable in the first quarter 2026?
Operating profit was $6.3M (10.5% of revenue) and net earnings $4.8M.
Source: PDF Solutions 10-Q on SEC EDGAR.