InTest Reports Record Quarterly Orders of $49.4 Million and EPS of $0.15 on 34% Revenue Growth and 47.7% Gross Margin
Key Highlights
- ➤Orders $49.4 million, up 31%, reached a quarterly record
- ➤Revenue $35.1 million, up 34% year-over-year
- ➤EPS $0.15 versus prior-year loss of $0.08
- ➤Backlog $59.7 million, up 21% year-over-year
- ➤Fourth-quarter revenue projected at $34.0 million to $36.0 million
Expert Statements
Richard Rogoff, President and CEO of InTest Corporation
“The third quarter demonstrated the earnings power of our business model when demand, mix, and execution line up,”
Richard Rogoff, President and CEO of InTest Corporation
“Demand for back-end semiconductor testing picked up in the quarter, as we expected, driven by customers adding capacity for power, analog, and mixed-signal devices, with new products capturing a meaningful portion of our new orders.”
Richard Rogoff, President and CEO of InTest Corporation
“At the same time, continued electronification is expanding our opportunities for our test equipment.”
Richard Rogoff, President and CEO of InTest Corporation
“As advanced processors and electronics run hotter and grow more complex, we believe customer interest in our high-powered chillers and other advanced test products is increasing.”
Richard Rogoff, President and CEO of InTest Corporation
“Together, we believe these secular trends are enlarging all the markets we serve, and our portfolio is aligned with where demand is heading.”
Richard Rogoff, President and CEO of InTest Corporation
“Orders reached a record $49.4 million in the quarter, well ahead of revenue and lifting backlog to $59.7 million, as lead times for test equipment lengthened and customers placed orders earlier,”
Richard Rogoff, President and CEO of InTest Corporation
“Auto/EV orders more than doubled sequentially and Defense/Aerospace orders rose more than 40%, providing us with powerful new opportunities to tap.”
Richard Rogoff, President and CEO of InTest Corporation
“We expect much of our third-quarter semiconductor order intake to convert to revenue in the first half of 2027, giving us greater revenue visibility into next year.”
Richard Rogoff, President and CEO of InTest Corporation
“We are also continuing the operational review we began earlier this year, focusing on our cost structure and overhead to enhance the profitability of the business.”
Richard Rogoff, President and CEO of InTest Corporation
“We approach 2027 with momentum, and our focus is on turning this demand into sustained, profitable growth.”
InTest Reports Record Quarterly Orders of $49.4 Million and EPS of $0.15 on 34% Revenue Growth and 47.7% Gross Margin
* Net earnings of $1.9 million, or $0.15 per diluted share, vs. net loss of $0.9 million, or $(0.08) per diluted share, in the prior-year period
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