Rich Rogoff Raises 2026 Revenue Outlook to $130M-$135M
Sees Q2 gross margin 45%, and operating expenses $13.8M-$14.2M, reflecting typically higher levels in the Q2. Amortization expense is expected to be $700,000. Rich Rogoff, President and CEO said, "Based on our first quarter outperformance, and improving market conditions, we are raising our full year 2026 revenue outlook to $130 million to $135 million, reflecting our confidence in the continued execution of our growth plans for the year. We remain encouraged by the underlying demand trends across our non-semiconductor markets and by early signs of improvement in our back-end Semi funnel. The strength of our backlog, the breadth of our end market exposure, and the discipline of our team give us confidence in our ability to continue to execute similarly."
Trade with 70% Backtested Accuracy
Analyst Views on INTT
About INTT
About the author

- Performance Exceeds Expectations: InTest Corporation reported Q1 revenue of $33.9 million and a gross margin of 45.5%, both surpassing guidance, indicating strong market performance and sustained customer demand.
- Order and Backlog Growth: The total orders for Q1 reached $31.8 million, a 25% year-over-year increase, while the backlog at quarter-end stood at $51.8 million, up 36%, reflecting robust demand across multiple markets, particularly in automotive and life sciences.
- Cost and Profit Dynamics: Operating expenses for Q1 were $14.5 million, primarily driven by restructuring costs associated with the CEO transition; nevertheless, net income was $0.8 million, with adjusted EPS at $0.16, showcasing the company's efforts in cost control.
- Optimistic Future Outlook: Management raised the full-year revenue guidance for 2026 to $130 million to $135 million, maintaining a cautious stance on semiconductor market recovery while noting early signs of demand fluctuations, reflecting confidence in future growth.
- Earnings Beat: inTest's Q1 Non-GAAP EPS of $0.16 exceeded expectations by $0.07, indicating strong performance and boosting investor confidence in the company's growth trajectory.
- Significant Revenue Growth: The company reported revenue of $33.89 million, a 27.2% year-over-year increase that surpassed market expectations by $2.2 million, reflecting robust demand and market share expansion.
- Order Trends: Orders totaled $31.8 million, growing 25.4% year-over-year, although they declined sequentially after two consecutive quarters of record orders, highlighting market volatility's impact on order flow.
- Positive Outlook: inTest raised its 2026 revenue guidance to between $130 million and $135 million, driven by improving market conditions, demonstrating management's confidence in future growth prospects.

- Significant Revenue Growth: InTest Corporation reported Q1 2026 revenue of $33.886 million, reflecting a 27.2% year-over-year increase, demonstrating strong performance across semiconductor, Auto/EV, and Defense/Aerospace markets, thereby solidifying its market position.
- Gross Margin Improvement: The gross margin for Q1 stood at 45.5%, up 400 basis points year-over-year, primarily driven by an optimized product mix and enhanced manufacturing efficiency, which will bolster the company's profitability and competitive edge.
- Orders and Backlog Status: Total orders for Q1 reached $31.785 million, a 25.4% year-over-year increase, although down sequentially; however, backlog orders rose to $51.815 million, up 35.5% year-over-year, indicating strong future growth potential.
- Raised 2026 Revenue Guidance: Following a strong Q1 performance, InTest raised its 2026 revenue outlook to between $130 million and $135 million, reflecting confidence in market demand and the ability to execute its growth strategy effectively.
- Earnings Announcement: inTest (INTT) is scheduled to release its Q1 2023 earnings report on May 5th before market open, with a consensus EPS estimate of $0.09, reflecting a substantial year-over-year increase of 181.8%, indicating a significant improvement in profitability.
- Revenue Expectations: Analysts forecast Q1 revenue of $31.69 million, representing a 19.0% year-over-year growth, suggesting a strong sales momentum that could attract more investor interest in the company.
- Historical Performance Review: Over the past two years, inTest has beaten EPS estimates 63% of the time and revenue estimates 38% of the time, reflecting the company's financial stability and market confidence.
- Revision Trends: In the last three months, EPS estimates have seen three upward revisions with no downward adjustments, while revenue estimates experienced two upward revisions and one downward, indicating analysts' optimistic outlook on inTest's future performance, which may further drive stock price appreciation.
- Earnings Release Schedule: InTest Corporation is set to announce its Q1 2026 financial results before market open on May 5, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Details: The company will host a conference call and webcast at 8:30 a.m. ET on the same day to review financial and operational results and discuss corporate strategies and outlook, aiming to bolster investor confidence.
- Replay Service Availability: A telephonic replay will be available starting at 12:30 p.m. ET on the day of the call through May 19, 2026, ensuring that investors who cannot attend live can access key information.
- Company Background: InTest is a global supplier of innovative test and process technology solutions, focusing on key markets such as semiconductors and automotive, leveraging strong engineering expertise and a culture of operational excellence to drive sustained growth.
- Significant Price Surge: inTest Corporation's shares soared 9.2% in the last trading session, closing at $16.8, with trading volume significantly exceeding normal levels, reflecting strong market confidence in its robust performance.
- Strong Financial Outlook: The company is expected to report quarterly earnings of $0.08 per share, representing a remarkable year-over-year increase of 172.7%, while revenues are projected to reach $31.8 million, up 19.4% from the previous year, indicating growth potential in non-semiconductor markets.
- Earnings Estimate Revisions: Over the past 30 days, the consensus EPS estimate for inTest has been revised 125% higher, and such positive revisions typically correlate with stock price appreciation, suggesting investors should monitor its future performance closely.
- Enhanced Industry Position: inTest holds a Zacks Rank of #2 (Buy) within the Zacks Electronics - Measuring Instruments industry, highlighting its competitive edge in the rapidly growing data center market, positioning it as a potential leader in the sector.





