inTEST Orders Hit Record $49.4 Million in Third Quarter
Key Facts
inTEST reported results for the third quarter ended September 30 on November 6, 2026, posting record quarterly orders of $49.4 million and revenue of $35.07 million. The company said revenue rose 34% year over year, while gross margin reached 47.7%. The results put sales growth alongside a record level of orders during the period. Before announcing the results, the company had pointed to strong demand for semiconductor test solutions, driven by customers’ capacity expansions. It said demand from AI-related data centers was contributing to those expansions.
inTEST linked demand for advanced semiconductor test solutions to increased customer capacity, saying that demand driven by AI-related data centers was a factor. It added that its high-power thermal systems and advanced test handlers meet power, mixed-signal and analog testing requirements. This demand puts test solutions at the center of an activity the company described as benefiting from customer expansion. inTEST said in August that second-quarter semiconductor orders rose about 56% from the prior quarter and 64% year over year. It added that the quarter recorded the strongest semiconductor orders in six quarters.
Before the period ended, the company estimated that its order backlog at September 30 would be between $58 million and $60 million, up about 28% to 32% from $45.4 million at June 30. In its second-quarter results, it said about 45% of the backlog recorded at the end of June was expected to ship after the third quarter. This estimate indicates that some orders were tied to shipments extending beyond the results period. The company uses orders and its backlog as operating indicators to monitor activity. It cautions, however, that some customer contracts may allow cancellation, termination or suspension, making those indicators subject to change.
inTEST’s August guidance for fiscal 2026 included revenue of between $135 million and $140 million, gross margin of about 43%, and operating expenses of between $55 million and $57 million. The annual margin estimate came before the company reported gross margin of 47.7% in the third quarter. The annual revenue estimate was also accompanied by a range for operating expenses as part of the company’s fiscal-year guidance. These estimates provide annual context for reading the quarterly results, but remain guidance the company issued earlier. The available evidence accompanying this announcement did not include an update to the annual guidance.
In the market, EL7 data showed that inTEST, listed under the ticker INTT, closed at $12.30 on November 5, the day before the results announcement. The previous day’s closing price puts the company’s disclosure of revenue growth and record orders in context. The company had published a preliminary estimate for the quarter in October, before announcing final results in November. Results for the quarter ended in September now provide the period’s revenue, orders and gross margin figures. The annual guidance cited above was issued in August, and the available evidence included no subsequent update.