PDF Solutions, Inc. (NASDAQ:PDFS) Q2 2023 Results Earnings Conference Call August 8, 2023 5:00 PM ET
Company Participants
John Kibarian - President and Chief Executive Officer
Adnan Raza - Chief Financial Officer
Conference Call Participants
Blair Abernethy - Rosenblatt Securities
Christian Schwab - Craig-Hallum Capital
Gus Richard - Northland Capital Markets
Andrew Wiener - Samjo Capital
Operator
Good day, everyone, and welcome to the PDF Solutions Inc. Conference Call to Discuss its Financial Results for the Second Quarter and Year-End 2023 Conference Call Ending Friday, June 30, 2023. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded. If you have not yet received a copy of the corresponding press release, it has been posted to PDF's website at www.pdf.com.
Some of the statements that will be made in the course of this conference are forward-looking, including statements regarding PDF's future financial results and performance, growth rates and demand for its solutions. PDF's actual results could differ materially. You should refer to the section entitled Risk Factors on pages 15 through 29 of PDF's annual report on Form 10-K for the fiscal year ended December 31, 2022, and similar disclosures in subsequent SEC filings. The forward-looking statements and risks stated in this conference call are based on information available to PDF today. PDF assumes no obligation to update them.
Now I'd like to introduce John Kibarian, PDF's President and Chief Executive Officer, and Adnan Raza, PDF's Chief Financial Officer. Mr. Kibarian, please go ahead.
John Kibarian
Thank you for joining us on today's call. If you've not already seen our earnings press release and management report for the first quarter, please go to the Investors section of our website where each has been posted.
The second quarter was very similar to our first quarter. Revenue remained strong as we experienced continued adoption of our end-to-end analytics by our customers. Before Adnan discusses the financials in detail, I have some comments about our observations from the second quarter and our perceptions of the market for the remainder of the year.
Bookings in the second quarter was similar in magnitude to the first quarter. Significant contracts that closed in the quarter included customers deploying process control and front end fabs, a cloud customer deploying analytics for an internal chip design team and a chip company deploying analytics for complex 3D packaging. With continued strength in Asia, game share improved in Q2 versus Q1 as shipments improved.