inTEST Q1 revenue rises 27%, adjusted EPS beats estimates

inTest

05/05/2026 11:24

Overview

US test technology supplier's Q1 revenue rose 27% yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised full-year 2026 revenue outlook on improving market conditions

Outlook

inTEST raises 2026 revenue guidance to $130 mln-$135 mln on improving market conditions

Company expects Q2 2026 revenue of $32 mln-$34 mln and gross margin of about 45%

Company anticipates 2026 operating expenses of $55 mln-$57 mln and effective tax rate of about 18%

Result Drivers

END-MARKET DIVERSITY - Growth in Defense/Aerospace, Life Sciences, and Auto/EV drove revenue, with 69% of Q1 revenue from non-semiconductor markets

SEMI BACKLOG SHIPMENTS - Semiconductor segment improved due to shipments from backlog rather than new orders

GROSS MARGIN EXPANSION - Higher volume, favorable product mix, and manufacturing efficiency initiatives expanded gross margin

Company press release: ID:nBw4MfHtva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$33.89 mln
$31.70 mln (3 Analysts)
Q1 Adjusted EPS
Beat
$0.16
$0.09 (3 Analysts)
Q1 Net Income
$789,000
Q1 Gross Margin
45.50%
Q1 Adjusted EBITDA Margin
9.30%
Q1 Operating Income
$954,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for inTest Corp is $19.00, about 2.5% above its May 4 closing price of $18.54

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 31 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)