inTEST Q3 revenue edges past estimates on semiconductor demand
INTT•inTEST's third-quarter revenue rose 34% year over year to $35.07 million, slightly above estimates, while adjusted EPS of $0.18 beat the $0.12 consensus. The company reported record orders and forecast fourth-quarter revenue of $34 million to $36 million.
1. Quarterly results
Revenue rose 34% year over year to $35.07 million, compared with analyst expectations of $34.80 million. Adjusted EPS was $0.18, above the $0.12 estimate. Net income was $1.86 million, gross margin was 47.7%, and adjusted EBITDA margin was 12.6%.
2. Demand and outlook
The company reported record third-quarter orders, led by its semiconductor segment. It said demand for back-end testing of power, analog and mixed-signal devices drove results, while a shift toward higher-margin semiconductor revenue contributed to improved gross margin. inTEST expects fourth-quarter revenue of $34 million to $36 million and gross margin of about 45%; it expects third-quarter semiconductor orders to convert to revenue in the first half of 2027.
