inTEST Corporation Q3 2026 Earnings Recap

InTest’s shares rose 8.7% after record orders and backlog pointed to demand extending into 2027. Revenue was at the high end of guidance, while gross margin exceeded guidance.

Key Takeaways

• Orders reached a record $49.4 million, up 31% year over year and 41% above revenue; backlog hit a record $59.7 million, with about 60% expected to ship in 2027.
• Back-end semiconductor orders were a record $23.9 million, nearly four times the year-ago level. Total semiconductor orders were $25.1 million, more than double Q2.
• Revenue was $35.1 million, up 34% year over year but essentially flat sequentially. A $6.8 million Auto/EV decline offset gains in Defense/Aerospace, Semi, Industrial and other.
• Gross margin was 47.7%, above guidance, with management citing favorable mix.
• Auto/EV orders rose to $9.4 million, more than double Q2, but remained below the exceptionally strong year-ago quarter; management also flagged expanding supply-chain lead times.