InTest Corporation reported second-quarter revenue of $35.3 million [1], beating analyst expectations and prompting a raise in full-year financial guidance.
The results signal a recovery in semiconductor equipment demand, suggesting that diversified product mixes are offsetting specific margin pressures within the industry.
Adjusted earnings per share for the quarter reached $0.09 [5], exceeding the Zacks consensus estimate of $0.04 [6]. This performance marks an increase from the $0.03 adjusted EPS reported in the second quarter of the previous year [7]. Revenue grew 26% year-over-year [2] and four% sequentially [3].
Company leadership said a surge in semiconductor orders was a primary driver for the optimistic outlook. Sequential semiconductor order growth hit 56% [10] — a spike that contributed to the updated annual projections.
InTest now projects full-year 2026 revenue between $135 million [8] and $140 million [9]. The company reported a gross margin of 40.5% [4] for the second quarter.
Management said the updated guidance reflects strong order growth and a more diversified product mix. While the shift in product mix has created some pressure on margins, the overall volume of orders has allowed the company to raise its top-line expectations for the remainder of the year.
“InTest Corporation reported second-quarter revenue of $35.3 million”
The substantial jump in sequential semiconductor orders suggests a tightening of the supply chain or a surge in new chip architecture deployments. By raising its annual guidance despite margin pressure, InTest is prioritizing market share and volume over immediate profitability per unit, a common strategy during periods of rapid industry expansion.
