inTest Corporation Reports Q3 Earnings Beat Driven by Record Semiconductor Orders
inTest Corporation (INTT) reported third-quarter financial results that exceeded analyst expectations, posting a Non-GAAP EPS of $0.18 and revenue of $35.07 million. The company's revenue saw a significant year-over-year increase of 33.9%, surpassing estimates by $0.25 million. The primary driver for the quarter was a surge in demand within the semiconductor sector, with orders rising 31% to a record $49.4 million. This growth is reflected in a growing backlog of $59.7 million, up 21% year-over-year. Looking ahead, the company projects full-year revenue between $135 million and $140 million, supported by a 56% sequential rise in semiconductor orders.
Tickers: $INTT
Topics: backlog increase earnings beat order intake revenue growth semiconductor industry
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