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INTT News
INTT Events
InTest Reports Q2 Revenue of $35.3M, Up 25.5% YoY
Reports Q2 revenue $35.3M, consensus $34.97M. "We delivered second-quarter revenue of $35.3 million, up 25.5% year-over-year, our third consecutive quarter of sequential growth and our second straight quarter of year-over-year growth above 25%," stated Rich Rogoff, President and CEO. "Strong Auto/EV project delivery and the diversification we have built across our end markets powered the result, with non-semiconductor markets contributing approximately 74% of revenue that drove an approximate 74% increase in Adjusted EBITDA year-over-year. This is the diversified growth profile we are building for InTest."
inTEST Sees Q3 Revenue of $33M-$35M
inTEST sees Q3 revenue $33M-$35M, consensus $35.08M
Rogoff Reiterates 2026 Revenue Growth Guidance of 21%
CEO Rogoff concluded, "We are reiterating the full-year 2026 guidance we updated on July 31, which raised our revenue outlook to approximately 21% growth at the midpoint over 2025's $113.8 million, and modestly reduced our gross margin expectation. This outlook reflects diversified demand supported by our backlog, along with improving order flow and product mix in the second half. Above all, our goal is to convert the commercial momentum we are seeing into steadier Adjusted EBITDA growth as we gain operating leverage and continue to scale the business. This is where our focus rests for the balance of the year."
Company Expects Full Year Gross Margin of Approximately 43%
Consensus $133.9M. The Company now expects full year gross margin of approximately 43%, slightly below its prior guidance of 45%, reflecting the reductions in Alfamation's gross margin for the first and second quarters of the year partially offset by an expectation of an improved mix of higher-margin revenue in the second half of the year compared to the first half.
Alfamation Raises 2026 Revenue Outlook
Rich Rogoff, President and CEO, added, "As I shared on my first earnings call last quarter, my top priority is instilling the operational discipline that keeps our systems and processes in step with the Company's growth. Addressing the reporting issue at Alfamation sits squarely within that mandate, and it has my full attention. Looking ahead, strengthening demand in our sales funnel across our end markets has led us to raise our full-year 2026 revenue outlook. End markets demand remains strong, and driving operating leverage and adjusted EBITDA expansion continues to be my focus."
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