InTest Q4 revenue falls 10.3% on continued weakness in Semi segment

Overview

• Test technology supplier's Q4 revenue fell 10.3% yr/yr, driven by declines in Semi and Auto/EV

• Adjusted EPS for Q4 was $0.16, reflecting a 30.4% decrease yr/yr

• Company reduced total debt by $7.6 mln in 2025, maintaining balance sheet strength

Outlook

• Company projects Q1 26 revenue between $31 mln and $33 mln

• inTEST expects full-year 2026 revenue between $125 mln and $130 mln

• Company anticipates modest pick-up in Semi demand in second half of 2026

Result Drivers

• ORDER MOMENTUM - Orders increased 22.2% yr/yr, driven by strength in Auto/EV and Life Sciences sectors

• GROSS MARGIN EXPANSION - Sequential gross margin improvement to 45.4% due to manufacturing efficiency and product mix

• MARKET DIVERSIFICATION - Revenue growth in Industrial and Life Sciences offset declines in Semi and Auto/EV

Company press release: ID:nBw5TWJV5a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electrical components & equipment peer group is "buy"

• Wall Street's median 12-month price target for inTest Corp is $10.00, about 1.5% above its February 26 closing price of $9.86

• The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 40 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)