InTest Corporation Projects Q4 Revenue Between $34M-$36M Amid Record Order Backlog
InTest Corporation (INTT) reported a significant surge in semiconductor demand during the third quarter, driven by record-breaking orders totaling $49.4 million. CEO Richard Rogoff confirmed that the anticipated market recovery materialized as expected, providing strong momentum for the company's order book. Looking ahead to the fourth quarter, the company projects revenue in the range of $34 million to $36 million with a gross margin of approximately 45%. This growth is supported by a record backlog that is expected to extend into 2027, signaling long-term visibility and sustained demand for InTest's products.
Tickers: $INTT
Topics: Quarterly Earnings Record Orders Semiconductor Demand