The record orders and 1.3x book-to-bill ratio signal strong near-term revenue visibility. Watch for the full Q3 earnings report on Nov 6, 2026, for actual margin performance and any update on the Alfamation ERP remediation and material weakness status.
Price Chart
Executive Summary
InTest pre-announced record Q3 orders of $48M-$50M (up 28-33% YoY) and revenue at the high end of its $33M-$35M guidance range, driven by record back-end semiconductor orders fueled by AI-driven data center demand. Backlog surged to $58M-$60M from $45.4M at Q2 end, positioning the company for a strong finish to 2026. This follows a prior preliminary Q2 release that revealed a $750K gross margin overstatement at Alfamation and a material weakness in internal controls, but the current order momentum suggests the operational issues are being contained.
Key Financial Metrics
Key Facts
- Record Q3 orders expected at $48M-$50M, up 28-33% vs Q3 2025
- Q3 revenue expected at high end of $33M-$35M guidance, >30% growth vs $26.2M in Q3 2025
- Backlog at Sept 30, 2026 expected at $58M-$60M, up ~28-32% from $45.4M at June 30, 2026
- Book-to-bill ratio estimated above 1.3x
- Record back-end semiconductor orders driven by AI data center demand
- Prior Q2 2026 preliminary results revealed $750K gross margin overstatement at Alfamation and a material weakness in internal controls
Financial Impact
Record orders of $48M-$50M and revenue at high end of $33M-$35M guidance range, with backlog growing to $58M-$60M
Risk Factors
- Orders and backlog are preliminary and subject to completion of financial closing procedures
- The prior material weakness in internal controls over financial reporting at Alfamation remains unresolved until fiscal year-end
- Order levels may vary quarter-to-quarter with timing of customer capital investments
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001036262-26-000057 |
| Document: intt-20261005xpaexx991.htm | 0001036262-26-000057 |
| Document: 0001036262-26-000057-index-headers.html | 0001036262-26-000057 |
| Document: 0001036262-26-000057-index.html | 0001036262-26-000057 |
| Document: 0001036262-26-000057.txt | 0001036262-26-000057 |
| 8-K Data (Synthetic) | 0001036262-26-000057 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 8-K | $15.04 $14.45 | ▼ −3.92% | ▼ −4.34% | $14.25 (−5.25%) |
Aug 17, 2026 10w ago | 8-K | $13.62 $11.36 | ▼ −16.59% | ▼ −16.39% | $14.25 (+4.63%) |
Jul 31, 2026 12w ago | 8-K | $12.35 $14.05 | ▼ −13.77% | ▼ −10.25% | $14.25 (−15.38%) |
May 5, 2026 25w ago | 8-K | $16.33 $17.55 | ▲ +7.47% | ▲ +5.49% | $14.25 (−12.74%) |
Apr 10, 2026 28w ago | 8-K | $15.20 $16.73 | ▲ +10.07% | ▲ +6.77% | $14.25 (−6.25%) |
US Market Status
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