inTEST slightly beats Q2 revenue estimates on auto/EV growth, keeps FY revenue  view

inTest

10/08/2026 11:26

Overview
US test technology supplier's Q2 revenue rose 25.5% yr/yr, slightly beating analyst expectations
Adjusted EPS for Q2 beat consensus, driven by strong Auto/EV project delivery
Gross margin declined yr/yr due to shift toward lower-margin Auto/EV revenue

Outlook
InTest sees Q3 2026 revenue between $33 mln and $35 mln
Company reiterates 2026 revenue outlook of $135 mln to $140 mln
Company expects 2026 gross margin of about 43%

Result Drivers
AUTO/EV GROWTH - Revenue growth was primarily driven by strong Auto/EV project delivery, with Auto/EV revenue up 129% yr/yr
PRODUCT MIX SHIFT - Gross margin declined due to a shift in product mix toward higher-volume, lower-margin Auto/EV revenue
SEMICONDUCTOR ORDERS - Semiconductor orders rose 64% yr/yr, marking the strongest Semi order intake in six quarters

Company press release: ID:nBw1DV3Zxa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$35.31 mln
$34.97 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$0.09
$0.05 (3 Analysts)
Q2 Net Income
 
$474,000
 
Q2 Gross Margin
 
40.50%
 
Q2 Adjusted EBITDA Margin
 
6.20%
 
Q2 Operating Income
 
$363,000
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for inTest Corp is $21.00, about 49.5% above its August 7 closing price of $14.05
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 42 three months ago

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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.)