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Cerence vs PDF Solutions: CRNC and PDFS compared
Cerence is the larger company: $69.6M of revenue in its latest quarter (Q3 FY26) against $68.3M for PDF Solutions (Q3 2026). PDF Solutions is growing faster (+20% against +12% a year earlier). PDF Solutions is more profitable, with an operating margin of 12.1% against 2.7%.
Where the money goes: CRNC and PDFS
Cerence (CRNC) · Q3 FY26
Cerence, Q3 FY26: revenue $69.6M (+12% year over year), operating margin 2.7%, net earnings $1.5M, operating cash flow $20.0M. The chart follows the revenue to costs, profit and cash.
PDF Solutions (PDFS) · Q3 2026
PDF Solutions, Q3 2026: revenue $68.3M (+20% year over year), operating margin 12.1%, net earnings $6.8M, operating cash flow $13.8M. The chart follows the revenue to costs, profit and cash.
| Cerence (CRNC) | PDF Solutions (PDFS) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $69.6M | $68.3M |
| Revenue growth, Y/Y | +12% | +20% |
| Gross margin | 76.0% | — |
| Operating margin | 2.7% | 12.1% |
| Net earnings | $1.5M | $6.8M |
| Net margin | 2.2% | 10.0% |
| Operating cash flow | $20.0M | $13.8M |
| Free cash flow | $19.6M | — |
Where the revenue comes from
Cerence
- License: $41.6M (60%)
- Connected services: $15.5M (22%)
- Professional services: $12.5M (18%)
PDF Solutions
- Platform: $58.3M (85%)
- Volume-Based: $10.0M (15%)
Questions
Which is bigger, Cerence or PDF Solutions?
Cerence is the larger company: $69.6M of revenue in its latest quarter (Q3 FY26) against $68.3M for PDF Solutions (Q3 2026).
Is Cerence or PDF Solutions growing faster?
PDF Solutions is growing faster (+20% against +12% a year earlier).
Which is more profitable, Cerence or PDF Solutions?
PDF Solutions is more profitable, with an operating margin of 12.1% against 2.7%.
More: Cerence earnings · how Cerence makes money · PDF Solutions earnings · how PDF Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.