inTest Corp
AMEX:INTT
inTest Corp
inTEST Corp. engages in the supply of precision-engineered solutions for manufacturing and testing across a wide range of markets including automotive, defense, aerospace, electronics, fiber optic, machining, medical, telecom, and semiconductor. The company is headquartered in Mount Laurel, New Jersey and currently employs 303 full-time employees. The firm provides its products across a range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications. The firm operates through two segments: Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). Its Thermal segment designs, manufactures and sells thermal test and thermal process products, ultra-cold storage solutions and digital streaming and image capturing solutions. Its EMS segment designs, manufactures and sells semiconductor test products and its robotics-based electronic production test equipment. Its Thermal segment consists of inTEST Thermal Solutions (iTS), which manufactures and sells products under the Temptronic, Sigma and Thermonics brand names, and Ambrell. Its thermal products include ThermoStream, thermal chambers, thermal platforms, Thermonics products, EKOHEAT and EASYHEAT products.
inTEST Corp. engages in the supply of precision-engineered solutions for manufacturing and testing across a wide range of markets including automotive, defense, aerospace, electronics, fiber optic, machining, medical, telecom, and semiconductor. The company is headquartered in Mount Laurel, New Jersey and currently employs 303 full-time employees. The firm provides its products across a range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications. The firm operates through two segments: Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). Its Thermal segment designs, manufactures and sells thermal test and thermal process products, ultra-cold storage solutions and digital streaming and image capturing solutions. Its EMS segment designs, manufactures and sells semiconductor test products and its robotics-based electronic production test equipment. Its Thermal segment consists of inTEST Thermal Solutions (iTS), which manufactures and sells products under the Temptronic, Sigma and Thermonics brand names, and Ambrell. Its thermal products include ThermoStream, thermal chambers, thermal platforms, Thermonics products, EKOHEAT and EASYHEAT products.
Q4 Revenue Beat: inTEST delivered fourth quarter revenue of $32.8 million, above guidance and the highest quarterly level of the year.
Strong Backlog: Year-end backlog was $53.9 million, up 36% from last year and 9% sequentially, providing good visibility into 2026.
Gross Margin Expansion: Gross margin improved to 45.4% in Q4, up from 41.9% in Q3 and 570 bps higher year-over-year.
End Market Diversification: Nearly 80% of Q4 revenue came from non-semi end markets, reflecting execution of the company's diversification strategy.
2026 Guidance Reinstated: Management issued 2026 guidance, projecting revenue of $125–130 million (approximately 12% growth) and gross margin of about 45%.
Modest Semi Outlook: Guidance assumes only modest improvement in semi, with more meaningful recovery expected in the back half of 2026 or 2027.
Life Sciences Surge: Life Sciences orders tripled sequentially in Q4 and were up 137% year-over-year.
