InTest Corp Reports Record Orders and Revenue Growth in Q3 2026
InTest Corp (INTT) delivered a strong third quarter for fiscal year 2026, reporting revenue of $35.1 million, a 34% increase year-over-year. The company achieved record total orders of $49.4 million and a record backlog of $59.7 million, driven largely by a massive surge in back-end semiconductor demand. Back-end semiconductor orders specifically saw a nearly fourfold increase compared to the previous year. Profitability improved significantly as gross margins rose to 47.7%, up 580 basis points from the prior year due to a favorable product mix shift toward semiconductors. The company transitioned from a net loss in the prior year period to net earnings of $1.9 million ($0.15 per diluted share). While management issued steady Q4 revenue guidance between $34 million and $36 million, they noted expanding supply chain lead times as a potential operational consideration.
Tickers: $INTT
Topics: Backlog Gross Margin Net Earnings Revenue Growth Semiconductor Orders