INTT

Image source: The Motley Fool. Monday, Aug. 10, 2026 at 8:30 a.m. ET Investor Relations - Sanjay Hurry President and Chief Executive Officer - Rich Rogoff Chief Financial Officer and Treasurer - Duncan Gilmour Operator: Greetings, and welcome to the InTest Corporation Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Sanjay Hurry, Investor Relations. Please go ahead. Sanjay Hurry: Good morning, everyone, and thank you for joining us. With me on the call are Rich Rogoff, President and Chief Executive Officer; and Duncan Gilmour, Chief Financial Officer and Treasurer. The earnings press release was issued this morning as well as the slides that management will use during today's call. Both can be found in the Investor Relations section of the intest.com website. Please turn to Slide 2 for a review of the safe harbor statement. During this call, management may make some forward-looking statements about their current plans, beliefs and expectations. These statements apply to future events that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from what is stated here today. These risks, uncertainties and other factors are provided in the earnings release as well as in other documents filed by the company with the Securities and Exchange Commission. These documents can be found on the InTest website or at sec.gov. Also, as covered in Slide 3, management will refer to some non-GAAP financial measures. We believe these will be useful in evaluating the company's performance. However, you should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. You can find reconciliations of non-GAAP measures with comparable GAAP measures in the tables that accompany today's release and slides. Before management begins today's discussion on Slide 4 of the presentation, please note that certain first quarter 2026 comparisons in their prepared remarks reflect InTest's revised Q1 results. As the company announced on July 31, management revised Q1 cost of revenues, gross profit, gross margin, income tax expense, net earnings and earnings per share, together with their related non-GAAP measures. Q1 revenue and operating expenses were not affected by the revision. Q1 2026 financials provided as part of this presentation have been revised accordingly. With that, I would now like to turn the call over to our first speaker, Rich Rogoff, President and CEO. Please go ahead, Rich. Richard Rogoff: Thank you, Sanjay. Good morning, everyone, and thank you for joining us. On today's call, I will start with an overview of our second quarter performance, and Duncan will walk you through the Q2 financial results, after which I will discuss end market dynamics that support our raised revenue guidance for the year and then open the call to Q&A. We are reporting Q2 results that are in line with our preannouncement with revenue of $35 million, gross margin of approximately 41% and operating expenses of $13.9 million. Demand across InTest divisions remained healthy in Q2, with revenue up approximately 26% year-over-year. Q2 also marks our third consecutive quarter of sequential revenue growth and our second consecutive quarter of year-over-year growth above 25%. The strength we saw was broad, led by strong project delivery in Auto/EV and a semiconductor funnel that continued to build towards the second half. The diversity we have built continues to broaden our revenue base, which gives us confidence in our raised full year top line guidance. As disclosed in our preannouncement on July 31, our second quarter margin reflected an unfavorable mix of high revenue, low-margin projects at Alfamation alongside a shortfall of higher contribution revenue that shifted to the third quarter. Turning to orders and backlog on Slide 5. Q2 orders were $28.9 million, down 9% sequentially, following 3 consecutive quarters above $30 million and up 4% year-over-year. Semi was a standout. Orders here increased 56% sequentially, our strongest semi order intake in 6 quarters and grew 64% year-over-year. The semi wave that we referenced in our Q1 call is now converting into orders. In Auto/EV, orders declined 67% sequentially after 4 quarters of strong order flow. Funnel activity in this end market remains healthy. In defense/aerospace, orders declined 28% sequentially, reflecting nonrecurring orders that drove strong Q1 and increased 70% year-over-year on higher DoD procurement. Turning to backlog at quarter end. Backlog was $45.4 million, a sequential decrease of 12%, reflecting normalization of an elevated peak in Auto/EV projects. This also represents a year-over-year increase of 20%. Approximately 45% of the backlog is expected to ship beyond the third quarter. With that, I will turn it over to Duncan to take you through the financial detail beginning on Slide 6. Duncan? Duncan Gilmour: Thank you, Rich. Starting on Slide 6. On a sequential basis, revenue in Q2 increased $1.4 million or 4% from $33.9 million in Q1 to $35.3 million. The net increase was driven almost entirely by Auto/EV, which increased by $6 million on the shipment of high revenue, lower-margin Alfamation automotive projects from backlog. Industrial contributed $1.1 million. Partially offsetting these gains was a $2.1 million decline in defense/aerospace following a particularly strong first quarter as well as decreases of $1.6 million in Life Sciences and $1.4 million in semi. Compared to Q2 2025, revenues increased $7.2 million or 26% from $28.1 million. The increase over the prior year period reflects the continued gradual recovery in the capital spending environment and continued penetration of non-semi-correlated end markets. Non-semi markets accounted for approximately 74% of Q2 revenue. Sales in Auto/EV increased $7.6 million, followed by Life Sciences and Industrial at approximately $0.6 million each. Partially offsetting these gains was a $1.1 million decline in semi. Turning to Slide 7. Second quarter gross profit was $14.3 million and gross margin was 40.5%. Compared to revised Q1 results, gross margin declined 280 basis points sequentially, reflecting a shift in revenue mix towards high revenue, lower-margin Auto/EV shipments. For the same reason, gross margin declined 210 basis points from 42.6% in the prior year period. Moving on to Slide 8. Operating expenses for the second quarter were $13.9 million, a decrease of $0.5 million sequentially. The sequential decrease was due primarily to approximately $0.7 million in nonrecurring restructuring costs associated with the CEO transition that we recorded in Q1 and did not recur in the second quarter. On a year-over-year basis, we generated $7.2 million of incremental revenue while absorbing only $1 million of incremental operating expenses, which resulted in a reduction in operating expenses as a percentage of revenue to 39.5%. Turning to Slides 9 and 10 that collectively measure our profitability. On Slide 9, for Q2, net income was $0.5 million, representing a net margin of 1.3%. Adjusted EBITDA was $2.2 million, representing an adjusted EBITDA margin of 6.2% and up approximately 73% from $1.3 million in Q2 of 2025. On Slide 10, net income was $0.04 per diluted share. Adjusted EPS, which adds back tax-affected acquired intangible amortization and restructuring charges, was $0.09 per diluted share. Our Q2 results include a discrete income tax benefit of approximately $0.02 per diluted share that is driven by stock option exercises during the quarter. This benefit is specific to the second quarter, but we continue to expect a full year effective tax rate of approximately 18%. Slide 11 shows our capital structure and cash flow. We ended the second quarter with cash and cash equivalents of $22.1 million, an increase of $6.4 million from the end of Q1. During the second quarter, we generated $6.3 million of cash from operating activities and received $2.9 million in proceeds from stock option exercises. These inflows were partially offset by $2.3 million of net debt repayments, including a $1 million reduction in term debt and by $0.4 million of capital expenditures. At June 30, 2026, we had approximately $62 million in total liquidity. In addition to $22.1 million of cash and equivalents, we had $40 million of available borrowing capacity under our delayed draw term loan and revolving credit facilities, which we have extended through August 28, 2026. Total debt was $6.2 million, and our leverage ratio was 0.8x trailing 12-month adjusted EBITDA. Turning to Slide 12 and our financial guidance for the year. We are introducing guidance for Q3 and are reiterating the outlook we provided on July 31. For Q3, we project revenue of $33 million to $35 million, gross margin of approximately 44%, operating expenses of $13.8 million to $14.2 million and amortization of $0.5 million. For the full year, we now expect revenue of $135 million to $140 million. At the midpoint, this represents growth of approximately 21% over 2025's $113.8 million. This increased revenue guidance reflects continued diversified demand supported by our backlog and improving order flow and outlook into the second half, particularly in semi sales. Gross margin, approximately 43%, operating expenses of $55 million to $57 million, amortization of $2.6 million and interest expense of approximately $0.3 million with an effective tax rate estimated to be 18%. And finally, we expect capital expenditures of 1% to 2% of revenue, consistent with our historical investment levels. This guidance excludes any potential acquisitions and restructuring costs and assumes our view of macroeconomic conditions remain unchanged through the end of the year. Finally, a brief word on internal controls. In connection with the Q1 revision on July 31, management and our Audit Committee concluded that the control deficiencies underlying the revision at Alfamation constituted a material weakness in our internal control over financial reporting. We have implemented remediation plans and fully expect to demonstrate that these controls are operating effectively by fiscal year-end. This is described more fully in our Form 10-Q that will be filed later today. With that, if you turn to Slide 13, I will now turn the call back over to Rich. Richard Rogoff: Thanks, Duncan. On our Q1 call, I noted that funnel activity and order flow were pointing to a strong second half of the year. Since then, we have seen demand strengthen, leading us to raise our full year revenue outlook. To date, in the third quarter, we have recognized the roughly $2 million of delayed shipments that moved out of Q2 and order activity across all our divisions is demonstrating momentum. Opportunities in the higher-margin end markets we serve are expanding. In semi, the pace of activity in the back-end markets is picking up, reflecting growing demand to test high-power devices in the new electrified economy. In defense and aerospace, significantly higher DoD spending and capacity expansion are building an expanding funnel of testing opportunities. And in our Auto/EV market, demand remains healthy, supported by rising electronic content of today's vehicles. Order activity follows the cadence of our customers' multiyear automotive programs. Much of our growth in Q2 came from deepening and expanding our position with existing strategic accounts where customers are standardizing on InTest solutions and returning to us as they move to new test platforms and programs. We are also realizing the benefit of our broader portfolio as we cross-sell our businesses and bring combined capabilities to shared customers. At the same time, we are steadily building our channel and partner coverage to extend our reach into customers and new geographies. Turning to technology and innovation, which is the foundation of InTest's long-term value creation, we are seeing good traction from recently introduced products. In our induction heating business, our next-generation EKOHEAT is progressing through applications lab and distributor testing with first customer shipments targeted for later this year. Across electronic testing, our robotic docking and intelligent interface solutions are increasingly being qualified as tools of record as customers transition to new tester and handler platforms, which positions us to win follow-on hardware as those programs ramp. Our advanced high-powered chillers is another place where customers are pulling us forward. Our current portfolio delivers between 1.5 and 7 kilowatts of cooling capacity and customers need more as they embrace the demand for much higher power conversion. We are also directing new product development toward the highest value, fastest-growing pockets of demand in each of our divisions. For example, our test solutions for high-power, high-voltage devices, including silicon carbide, gallium nitride, power modules, rising electronic content, batteries and battery management systems are all involved in today's evolving power conversion architectures. In conclusion, we have ample opportunities for growth in our end markets and profitability has further to go. My aim is to build consistency into how this business performs, converting our commercial momentum into steadier adjusted EBITDA as we gain operating leverage across our cost structure. Near term, that means taking a close look at our manufacturing footprint and business unit cost structure with a view towards improving cost efficiencies and productivity. This continues the operational review I described on our Q1 call and remains central as we move through the second half. There is a great deal of work ahead, and we are on it. With that, operator, please open the call to questions. Operator: [Operator Instructions] Our first question today will come from Max Michaelis with Lake Street Capital Markets. Maxwell Michaelis: A few for me. Nice job on the quarter as well. Just going to the order numbers, semi, obviously up nicely this quarter. I mean, can you give us a sense, was that in line with internal expectations? And maybe not -- you can't give exact detail, but maybe help us out how you expect orders to trend throughout Q3 and Q4. Richard Rogoff: Sure, Max. Thanks for joining us. Yes. So I think the order intake is as expected. As we mentioned in our Q1 call, we're pretty optimistic about the second half, and we're actually seeing that come to fruition. As we see it now, the order intake through the next quarter, quarter maybe 2 will be as expected, unless something changes in the market space. As we see it, things are looking strong. So I don't know, Duncan, if you have anything to add to that? Duncan Gilmour: Yes. No, agreed. I think as we said earlier in the year, we see semi starting to come back. We start to see that here in the Q2 order numbers. I mean the other side of that, as you can see, our mix shifts as we look towards the second half of the year with some of those strong Auto/EV revenues dropping a little bit and semi starting to come through. Maxwell Michaelis: Yes. Totally understood. And then can you help me out, Auto/EV, was that just one large customer, one large program that kind of drove the massive outperformance in Q2? Richard Rogoff: Well, it was a combination, actually. So as we mentioned, and I think you saw it was Q3, Q4 of last year, even into Q1, we had a strong order intake in Auto/EV. So there were planned deliveries, of course, of those -- of that backlog. So it would make a good Q2. And then there were some pull-ins from one or two customers that increased the revenues as well. Operator: Next, we'll move to Ted Jackson with Northland Securities. Edward Jackson: Congrats on the quarter. I'm going to start out on Auto/EV. That's been -- I mean, it's an awesome business that you bought and that's really contributed to the company tremendously. It goes through its own kind of cycles. And I was kind of curious when you -- since you're tied to the development cycles of your auto customers, can you give us a sense with regards to kind of the cadence of projects in front of you? I mean, do you have like a pipeline of opportunity that's going to keep the business growing? Or have you kind of run through some of that pipeline and it's in the backlog and you're going to work through it? So maybe that would be my first question is just kind of trying to think about that business over the next 6 to -- yes, 6 to 18 months. Richard Rogoff: Yes. Great question. Thanks, Ted. The cycles are a little bit longer as we've discussed in the past in the Auto/EV, they will develop a new product and we'll develop solutions for that product. There's some commonality, of course, but there's also some customization that occurs. Our funnel is pretty strong with those projects. So we don't see a major shift in things going forward. Of course, the cycles of new product introductions from the automotive companies themselves will dictate a little bit of that. But we have quite a few projects that we're working on, which we believe will continue the momentum there as well as we're looking to expand beyond automotive, of course, as we did last year a little bit with Life Sciences. Edward Jackson: Okay. And then shifting over, kind of a similar question on the semi side of the house. The company has an extensive history with regards to the semi test market, particularly in the back end. And you're kind of going through a new cycle now. You're seeing a pickup in order activity. Do you expect to continue through the second half? How long is a typical cycle for something like that? I know that typically, with regards to it, you sort of the back end of the cycles as they go through. But I mean, is it the kind of thing where you see continue typically, typically, not trying to say this is what this person -- this particular situation is. But typically, do you see a pickup in order and activity that lasts for 6 months, 12 months, 18 months? What's kind of a standard way to think about that in terms of like a cycle for you? Richard Rogoff: Yes, it's a great question. I guess if I had the exact answer, we would have a different conversation, right? But I've been in the semi business myself for more than 30 years. And typical cycles, it kind of goes ebbs and flows with the node transitions, which have typically been on the 18-month kind of time frame, of course, barring any macroeconomic changes to the situation, right? So for example, today, memory shortages, right, that maybe drive increased capacity needs. So I would say, typically, you see something on the order of 9 to 12 months of higher order capacity increases, technology changes and then you get into a somewhat of a slowdown period. So something along those lines would make sense. But then you throw in the macro part of it, which is today's memory shortages, the AI aspect and it kind of makes it a difficult answer to really predict. Edward Jackson: But if you just were to say like this is the average. In an average scenario, a typical thing when a cycle turns, you're at the beginning of it. And generally speaking, you would see continued strength as you finish off '26 and go into '27? Richard Rogoff: Yes. That would be the expectation. Certainly, we're watching that guardedly, right? But we -- typical would be -- like I said, we would plan something in the order of 6 to 9 months, maybe a maximum of 12 or so and then really start to consider what would happen next. Of course, we then plan for projects for next round of technology growth, which would refuel the cycle again, right? Edward Jackson: And then I know the semi business is one of the better margin businesses for InTest. Could you give us some kind of color with regards to the margin profile for your back-end semi business relative to corporate averages? Duncan Gilmour: Yes, I can touch on that. I think we've talked about this before. I mean our back-end semi business, as you mentioned, Ted, one of the legacy pieces of the business, certainly, the margins there higher towards the, let's say, sort of mid-50s kind of range, certainly one of the higher margin profiles across our product portfolio. And that shift between those higher margins versus some of the great auto projects, but tend to be higher volume, lower margin, that change of mix as we go into the second half, a real driver of the margin shift that we see in the second half versus the first half. Edward Jackson: Okay. And then my last question, Rich, you alluded to a renewed focus, if you would, on efficiency within InTest. Is this, as you kind of dug in for the last 100 days and you're looking at it and saying, "Hey, we can do even better than this." Is this something that's been sort of part and parcel of things in the past? Are you -- is it something where we might be -- you might be coming back to us in a quarter or so and say, "Hey, we're taking these different programs, and we're going to take this kind of cost out of the business." You mean like, I guess, Duncan, you did that -- you guys did that a year or 2 ago. Like how much of it is kind of just a continual improvement? And how much of it is kind of like, well, we're going to put pencil to paper and this is actually something that's going to be a defined project? Richard Rogoff: Yes. It's -- I mean, I think we're always in a continuous mode of looking at things. As you mentioned, we did some things last year. We're taking a harder look at things for sure now than we have in the past per se. Whether there's going to be a project or 2, I think it's still a bit early to answer that question. We're still going through some of our analysis and things. One thing we are doing that we're implementing now, which will hopefully yield some good efficiency gains going forward is working on more cross-collaboration between the businesses, utilizing our resources a little better. It's hard to put a number on that and the timing, but those are activities that are ongoing. But we're taking a hard look at everything in the business with regards to footprint, consolidation of efforts around purchasing and things like this that we hope will yield some things. And as mentioned in Q1, we hope by the Q3, Q4 time frame, we'll be able to come back with some more concrete things. Operator: [Operator Instructions] Next, we'll move to Dick Ryan with Oak Ridge Financial. Richard Ryan: Rich, just a couple of more questions on the semi side. Are you seeing anything show up yet on the front end? Was the front end any part of the increasing funnel that you're talking about in the second half? Or is that still something we should be anticipating in 2027? Richard Rogoff: Yes, it's still more 2027 related in our estimation, although I will say activities are picking up in that space as well. Richard Ryan: No, I think you mentioned new product development, introducing something for the silicon carbide testing. Do you need to get that product line out? Or is your product portfolio sufficient at this point versus what you're seeing coming at you in the funnel? Richard Rogoff: It's -- the product line is somewhat unrelated. I think the front-end semi business that we've had in the past is -- there's still evolutions to the product that we're working with customers on. It's more of a demand issue on that side than it is a product development issue. More of the developments that we're seeing today in that space are more around the testing, which is more towards the back end of that space. Richard Ryan: Okay. A question on the back end. I mean, with the introduction of robotics and automation, how has that increased your available market that you can go after versus the non-robotic automated side of things? Richard Rogoff: I think it's an evolution of the product and the market. So traditionally, the back end of the market has been very manual. And as labor is tight and people are moving to get more efficient, things are becoming more and more automated. So I wouldn't say it's necessarily growing the market significantly, although our solutions are enabling us to take more of that market share. Richard Ryan: Okay. One last one on the expanding opportunities across the end markets and deepening customer penetration. How do you see your customer concentration, whether it's top 5, top 10? How do you see that shaping over the next year or so? Richard Rogoff: Yes. I would guess that the goal would be to have a few -- to get our top 10 customers or top 5 customers even -- in a way, even bigger. So we penetrate with more of our product solutions than maybe we do today. We're seeing joint activities between the businesses that are driving some of that activity, which would increase our wallet share at those customers. But I also see it as we've been growing, we've been changing the landscape of those top 5 customers over the quarters. So we'd like to get more customers up into those levels, but it will probably change from quarter-to-quarter based upon their demands, right? Operator: [Operator Instructions] And this will conclude the question-and-answer session. I would now like to turn the floor back to Rich Rogoff for closing remarks. Richard Rogoff: Thank you, operator. We appreciate everyone joining us today. Thank you for your time, and we welcome the opportunity to answer any questions. Please reach out to our Investor Relations team to coordinate our continued dialogue. On Slide 14, please note the details regarding the replay of this call as well as our up-and-coming investor event schedule. We will publicize additional conferences -- conference attendances via Release Advisories or on our IR website. Thanks again for participating in today, and have a great day. Operator: Thank you. This does conclude today's teleconference. We thank you for your participation. You may disconnect your lines at this time. Before you buy stock in inTEST, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and inTEST wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. InTest (INTT) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Second quarter revenue up 25.5% year-over-year, driven largely by strength in the Auto/EV market Backlog1 of $45.4 million increased 19.8% year-over-year Net earnings of $0.5 million, up 194.2% year-over-year, Adjusted EBITDA (Non-GAAP)2 of $2.2 million, up 73.7% year-over-year Revising first quarter ending inventory, cost of revenue, gross profit, gross margin, income tax expense, net earnings and EPS as previously announced Reiterates full-year 2026 Revenue Outlook of $135 million to $140 million MT. LAUREL, N.J., August 10, 2026--(BUSINESS WIRE)--InTest Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include semiconductor ("Semi"), Auto/EV, Defense/Aerospace, Industrial, Life Sciences, and Safety/Security, today announced financial results for the second quarter of 2026 ended June 30, 2026. "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 EBITDA2 year-over-year. This is the diversified growth profile we are building for InTest. "Our leading indicators point to a strengthening second half," continued Mr. Rogoff. "Semiconductor orders were the standout and have increased approximately 56% sequentially and approximately 64% year-over-year, making the second quarter our strongest Semi order intake in six quarters as the demand we have been building into our funnel has started to convert into orders. With backlog of $45.4 million, up 19.8% year-over-year, expanding Defense/Aerospace opportunities tied to higher U.S. Department of Defense spending, and healthy Auto/EV activity supported by rising electronic content, we entered the third quarter with momentum across our divisions." Second Quarter 2026 Review (see revenue by market and by segments in accompanying tables) Revenue for the second quarter increased $1.4 million over the first quarter of 2026, reflecting higher Auto/EV and Industrial revenue, partially offset by lower Defense/Aerospace, Life Sciences and Semi revenue. Compared to the prior-year period, second quarter revenue increased $7.2 million with growth primarily in Auto/EV, partially offset by decreases primarily in Semi. Gross margin declined by 280 basis points sequentially to 40.5%, reflecting a shift in product mix toward higher-volume, lower-margin Auto/EV revenue. Compared to the prior-year period, gross margin declined 210 basis points reflecting the same shift in mix toward lower-margin Auto/EV revenue. Operating expenses decreased $0.5 million sequentially due primarily to $0.7 million in non-recurring restructuring costs associated with our CEO transition in the first quarter of 2026 but increased $1.0 million year-over-year, due primarily to higher selling, general and administrative and engineering expense due primarily to higher payroll, payroll related costs and commissions. Net earnings for the second quarter were $0.5 million, or $0.04 per diluted share. Adjusted net earnings (Non-GAAP)2 were $1.1 million, or $0.09 adjusted EPS (Non-GAAP)2. Balance Sheet and Cash Flow Review Cash and cash equivalents at the end of the second quarter of 2026 totaled $22.1 million, up $6.4 million from the end of the first quarter. During the quarter, we reduced our term debt by $1.0 million from March 31, 2026, and provided $6.3 million from operating activities to invest in working capital. Capital expenditures were $0.4 million in the second quarter of 2026. At June 30, 2026, the Company had $30.0 million available under its delayed draw term loan facility and no borrowings under the $10.0 million revolving credit facility. On May 4, 2026, we amended the facility, effective as of April 30, 2026, to extend our ability to draw on the Term Note through August 28, 2026. At June 30, 2026, we were in compliance with all of the covenants included in the Loan Agreement. Second Quarter 2026 Orders1 and Backlog1 (see Orders by Market in accompanying tables) Second quarter orders of $28.9 million decreased sequentially with lower Auto/EV and Defense/Aerospace orders partially offset primarily by increases in Semi and Other. The year-over-year increase of $1.1 million reflects strength primarily in Semi and Defense/Aerospace partially offset primarily by the decline in Auto/EV and Life Sciences. Backlog at June 30, 2026, was $45.4 million, a decrease of 12.4% from March 31, 2026, but an increase of 19.8% compared to June 30, 2025. Approximately 45% of the backlog is expected to ship beyond the third quarter of 2026. Third Quarter 2026 and Raised Full Year 2026 Outlook Mr. 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 EBITDA2 growth as we gain operating leverage and continue to scale the business. This is where our focus rests for the balance of the year." For the third quarter of 2026, InTest projects revenue to be $33.0 million to $35.0 million, with gross margin of approximately 44%, and operating expenses of $13.8 million to $14.2 million. Amortization expense is expected to be $0.5 million. Reflecting its recently revised full-year 2026 financial guidance, the Company expects revenue of $135.0 million to $140.0 million; gross margin of approximately 43%; operating expenses of $55.0 million to $57.0 million; amortization expense of $2.6 million; interest expense of $0.3 million; an effective tax rate of approximately 18%; and capital expenditures estimated at approximately 1% to 2% of revenue. The foregoing guidance is based on management’s current views with respect to operating and market conditions and customers’ forecasts. Actual results may differ materially from what is provided here today as a result of, among other things, the factors described under "Forward-Looking Statements" below. Conference Call and Webcast The Company will host a conference call and webcast today at 8:30 a.m. ET. During the conference call, management will review the financial and operating results and discuss InTest’s corporate strategy and outlook. A question-and-answer session will follow. To listen to the live call, dial (877) 407-0792 or (201) 689-8263. In addition, the webcast and slide presentation may be found at https://www.intest.com/investor-relations. A telephonic replay will be available from 12:30 p.m. ET on the day of the call through Monday, August 24, 2026. To listen to the archived call, dial (844) 512-2921 or (412) 317-6671 and enter replay pin number 113760855. The webcast replay can be accessed via the investor relations section of https://www.intest.com/, where a transcript will also be posted once available. About InTest Corporation InTest Corporation is a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets including both the front-end and back-end of the semiconductor manufacturing industry ("Semi"), Automotive/EV, Defense/Aerospace, Industrial, Life Sciences and Safety/Security. Backed by decades of engineering expertise and a culture of operational excellence, InTest solves difficult thermal, mechanical, and electronic challenges for customers worldwide. InTest’s growth strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, customer penetration and market expansion. For more information, visit https://www.intest.com/. Non-GAAP Financial Measures In addition to disclosing results that are determined in accordance with generally accepted accounting practices in the United States ("GAAP"), we also disclose non-GAAP financial measures. These non-GAAP financial measures consist of adjusted net earnings (loss), adjusted earnings (loss) per diluted share ("adjusted EPS"), adjusted EBITDA, and adjusted EBITDA margin. The Company defines these non-GAAP measures as follows: ─ Adjusted net earnings (loss) is derived by adding acquired intangible amortization, restructuring costs, and the tax effect of the adjusting items, to net earnings (loss). ─ Adjusted earnings (loss) per diluted share is derived by dividing adjusted net earnings (loss) by diluted weighted average shares outstanding. ─ Adjusted EBITDA is derived by adding acquired intangible amortization, restructuring costs, net interest expense, income tax expense, depreciation, and stock-based compensation expense to net earnings. ─ Adjusted EBITDA margin is derived by dividing adjusted EBITDA by revenue. These results are provided as a complement to the results provided in accordance with GAAP. Adjusted net earnings (loss) and adjusted earnings (loss) per diluted share ("adjusted EPS") are non-GAAP financial measures presented to provide investors with meaningful, supplemental information regarding our baseline performance before acquired intangible amortization, and restructuring costs as management believes these expenses may not be indicative of our underlying operating performance. Adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures presented primarily as a measure of liquidity as they exclude non-cash charges for acquired intangible amortization, depreciation and stock-based compensation. In addition, adjusted EBITDA and adjusted EBITDA margin also exclude the impact of restructuring costs, interest income or expense and income tax expense or benefit, as management believes these expenses may not be indicative of our underlying operating performance. Management’s Use of Non-GAAP Measures The non-GAAP financial measures presented in this press release are used by management to make operational decisions, to forecast future operational results, and for comparison with our business plan, historical operating results and the operating results of our peers. Reconciliations from net earnings (loss) and earnings (loss) per diluted share ("EPS") to adjusted net earnings (loss) and adjusted earnings (loss) per diluted share ("adjusted EPS") and from net earnings (loss) and net margin to adjusted EBITDA and adjusted EBITDA margin, are contained in the tables below. Management believes these Non-GAAP financial measures are important in evaluating our performance, results of operations, and financial position. We use non-GAAP financial measures to supplement our GAAP results to provide a more complete understanding of the factors and trends affecting our business. Non-GAAP measures as presented in this press release may differ from and may not be comparable to similarly titled measures used by other companies. Key Performance Indicators In addition to the foregoing non-GAAP measures, management uses orders and backlog as key performance metrics to analyze and measure the Company’s financial performance and results of operations. Management uses orders and backlog as measures of current and future business and financial performance, and these may not be comparable with measures provided by other companies. Orders represent written communications received from customers requesting the Company to provide products and/or services. Backlog is calculated based on firm purchase orders we receive for which revenue has not yet been recognized. Management believes tracking orders and backlog are useful as they are often leading indicators of future performance. In accordance with industry practice, contracts may include provisions for cancellation, termination, or suspension at the discretion of the customer. Given that each of orders and backlog are operational measures and that the Company’s methodology for calculating orders and backlog does not meet the definition of a non-GAAP measure, as that term is defined by the U.S. Securities and Exchange Commission, a quantitative reconciliation for each is not required or provided. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company’s plans, strategies and intentions, or our future performance or goals, that are based upon management’s current expectations. These forward-looking statements can often be identified by the use of forward-looking terminology such as "believe," "continue," "expects," "goal," "guidance," "may," "outlook," "will," "plan," "potential," "strategy," "target," "estimated," or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, any mentioned in this press release as well as the impact of a material weakness in the Company’s internal controls over financial reporting; the Company’s ability to execute on its VISION 2030 Strategy; realize the potential benefits of acquisitions and successfully integrate any acquired operations; grow the Company’s presence in its key target and international markets; manage supply chain challenges; convert backlog to sales and to ship product in a timely manner; the success of the Company’s strategy to diversify its markets; the impact of inflation on the Company’s business and financial condition; indications of a change in the market cycles in the semi market or other markets served; changes in business conditions and general economic conditions both domestically and globally including changes in U.S. and/or foreign trade policy, rising interest rates and fluctuation in foreign currency exchange rates; changes in the demand for semiconductors; access to capital and the ability to borrow funds or raise capital to finance potential acquisitions or for working capital; changes in the rates and timing of capital expenditures by the Company’s customers; and other risk factors set forth from time to time in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement made by the Company in this press release is based only on information currently available to management and speaks to circumstances only as of the date on which it is made. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events, except as required by law. – FINANCIAL TABLES FOLLOW – InTest CorporationReconciliation of Non-GAAP Financial Measures(Unaudited) Reconciliation of Net Earnings (Loss) to Adjusted Net Earnings (Loss) (Non-GAAP) and Earnings (Loss) Per Diluted Share to Adjusted EPS (Non-GAAP): Reconciliation of Net Earnings (Loss) and Net Margin to Adjusted EBITDA (Non-GAAP) and Adjusted EBITDA Margin (Non-GAAP): View source version on businesswire.com: https://www.businesswire.com/news/home/20260810339020/en/ Contacts InTest Corporation Duncan GilmourChief Financial Officer and TreasurerTel: (856) 505-8999 Investors: Jody Burfening / Sanjay M. HurryAlliance Advisors [email protected] Tel: (212) 838-3777

This article first appeared on GuruFocus. Revenue: Q2 revenue was $35.3 million, up 4% sequentially from $33.9 million in Q1 and up 26% year-over-year from $28.1 million. Gross Margin: Gross margin was 40.5%, down 280 basis points sequentially and 210 basis points year-over-year due to a shift toward high revenue, lower-margin Auto/EV shipments. Operating Expenses: Q2 operating expenses were $13.9 million, down $0.5 million sequentially, reflecting nonrecurring restructuring costs in Q1. Net Income: Q2 net income was $0.5 million, representing a net margin of 1.3%. Earnings Per Share: Net income was $0.04 per diluted share; adjusted EPS was $0.09 per diluted share. Adjusted EBITDA: Adjusted EBITDA was $2.2 million, up approximately 73% from $1.3 million in Q2 2025. Cash Flow: Generated $6.3 million of cash from operating activities during Q2. Cash and Liquidity: Ended Q2 with $22.1 million in cash and equivalents, with total liquidity of approximately $62 million. Orders: Q2 orders were $28.9 million, down 9% sequentially but up 4% year-over-year; semi orders increased 56% sequentially and 64% year-over-year. Backlog: Backlog was $45.4 million, down 12% sequentially but up 20% year-over-year. Segment Revenue: Auto/EV revenue increased $7.6 million year-over-year; Life Sciences and Industrial each increased approximately $0.6 million; semi declined $1.1 million. Q3 Guidance: Revenue projected at $33 million to $35 million, with gross margin of approximately 44%. Full Year Guidance: Revenue expected at $135 million to $140 million, representing approximately 21% growth over 2025. Warning! GuruFocus has detected 4 Warning Signs with INTT. Is INTT fairly valued? Test your thesis with our free DCF calculator. Release Date: August 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue grew 26% year-over-year in Q2, marking the third consecutive quarter of sequential growth and second consecutive quarter of over 25% year-over-year growth. Semi orders surged 56% sequentially and 64% year-over-year, the strongest intake in six quarters, signaling a robust recovery in the back-end semiconductor market. The company raised its full-year revenue guidance to $135-$140 million, reflecting continued diversified demand and improving order flow into the second half. Adjusted EBITDA increased 73% year-over-year to $2.2 million, demonstrating improved profitability despite margin pressures. Cash flow from operations was strong at $6.3 million in Q2, boosting cash to $22.1 million and total liquidity to $62 million. New product developments, such as the next-generation EKOHEAT and high-power chillers, are gaining traction and positioning the company for future growth. Gross margin declined to 40.5% in Q2, down 280 basis points sequentially and 210 basis points year-over-year, due to an unfavorable mix of low-margin Auto/EV projects. Auto/EV orders plummeted 67% sequentially after four quarters of strong order flow, indicating a potential slowdown in that market. The company identified a material weakness in internal control over financial reporting related to the Q1 revision at Alfamation, which could impact investor confidence. Backlog decreased 12% sequentially to $45.4 million, reflecting normalization of elevated Auto/EV projects and potential future revenue softness. Net income was only $0.5 million (1.3% net margin) in Q2, with adjusted EPS of $0.09, highlighting ongoing profitability challenges. The company faces uncertainty in the semi cycle, with management noting typical upswings last only 6-12 months, and front-end semi recovery is not expected until 2027. Q: Can you provide a sense of how you expect semi orders to trend throughout Q3 and Q4, and was the strong Q2 order intake in line with internal expectations? A: Rich Rogoff, President and CEO, confirmed that the order intake was as expected, noting the optimism expressed on the Q1 call is coming to fruition. He stated that order intake through the next quarter or two is expected to remain strong unless market conditions change. Duncan Gilmour, CFO, added that the mix is shifting in the second half, with strong Auto/EV revenues dropping slightly as semi starts to come through. Q: Can you give us a sense of the cadence of projects in the Auto/EV business over the next 6 to 18 months, given its ties to customer development cycles? A: Rich Rogoff explained that while Auto/EV cycles are longer due to customization for new products, the funnel remains strong with many projects in development. He does not foresee a major shift in momentum and highlighted efforts to expand beyond automotive, such as into Life Sciences, to sustain growth. Q: How long does a typical semi cycle last, and do you expect the current pickup in order activity to continue through the second half and into 2027? A: Rich Rogoff, drawing on 30 years of experience, noted that typical cycles follow node transitions on an 18-month timeframe, with higher order capacity lasting 9 to 12 months before a slowdown. He expects continued strength through late 2026 and into 2027, but cautioned that macro factors like memory shortages and AI demand make precise predictions difficult. Q: Can you provide color on the margin profile of the back-end semi business relative to corporate averages? A: Duncan Gilmour stated that the back-end semi business, a legacy piece of the portfolio, carries margins in the mid-50s range, making it one of the highest-margin profiles across the product portfolio. He noted that the shift in mix toward this higher-margin business in the second half is a key driver of the expected margin improvement versus the first half. Q: Is the renewed focus on efficiency a continual improvement effort, or should we expect a defined project with specific cost-out targets in the coming quarters? A: Rich Rogoff indicated that while the company is always in a continuous improvement mode, management is taking a harder look at the business now. He mentioned ongoing analysis of the manufacturing footprint and cost structure, with a focus on cross-collaboration between business units. He expects to provide more concrete details on specific initiatives by the Q3 or Q4 time frame. Q: Are you seeing any front-end semi activity in the increasing funnel, or is that still anticipated for 2027? A: Rich Rogoff stated that front-end semi activity is still more of a 2027 event in their estimation, although activities are picking up in that space. He clarified that the current demand issues are more about market demand than product development, with recent developments focused more on the back-end testing space. Q: How has the introduction of robotics and automation increased your available market in the back-end semi space? A: Rich Rogoff explained that the market is evolving from manual to automated processes due to labor tightness and efficiency demands. While this doesn't necessarily grow the overall market significantly, InTest's robotic docking and intelligent interface solutions are enabling the company to capture more market share as customers transition to new tester and handler platforms. Q: How do you see customer concentration, particularly top 5 or top 10, shaping over the next year? A: Rich Rogoff stated that the goal is to deepen penetration with top customers by cross-selling more product solutions, increasing wallet share. He also noted that the landscape of top customers is changing quarter-to-quarter based on demand, and the company aims to bring more customers up into those higher levels over time. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Demonstrating sustained operational momentum, InTest Corporation (NYSEAM: INTT) closed Q2 2026 in positive financial territory—marking its third consecutive quarter of profitability. Driven primarily by robust demand across the automotive and industrial sectors, the global testing and process technology supplier generated US$35.3 million in revenue, representing a US$1.4 million sequential increase over Q1 and a US$7.2 million rise year-over-year (YoY). Margin profile: Gross margin stood at 40.5%, reflecting a slight compression (down 2.8% sequentially and 2.1% YoY). Leadership attributed this shift to product mix dynamics, specifically higher volumes from lower-margin automotive lines. Operating expenses: OpEx dropped by US$0.5 million quarter-over-quarter, largely due to the absence of the US$0.7 million non-recurring restructuring charge recorded in Q1 during the company’s CEO transition. However, OpEx grew by US$1 million YoY, pushed up by increased payroll costs in engineering and SG&A. Net income: Net income reached US$0.5 million (US$0.04 per diluted share), with adjusted net income arriving at US$1.1 million (US$0.09 per adjusted share). This extends InTest’s profitable trajectory set in previous quarters, including US$0.789 million in Q1 2026 and US$1.24 million in Q4 2025. Balance sheet strength: Cash and cash equivalents expanded to US$22.1 million—a US$6.4 million sequential increase—anchored by US$6.3 million generated from operating activities. Simultaneously, the company trimmed its term debt by US$1 million while maintaining US$40 million in available credit to fund strategic growth. Order backlog: InTest concluded Q2 with a US$45.4 million backlog, up 19.8% YoY (though down 12.4% from Q1). With roughly 45% of orders scheduled for shipment past Q3, management expressed confidence in sustaining momentum through year-end. Building on guidance issued in July, InTest projects full-year revenue growth of approximately 21% YoY, compared to 2025’s US$113.8 million baseline. Boosted by diversified end-market demand and healthier order inflows, the company expects gross margins near 43%, with scaling efficiency driving stronger, more predictable adjusted EBITDA. “We delivered second-quarter revenue of US$35.3 million, up 25.5 per cent year-over-year, our third consecutive quarter of sequential growth and our second straight quarter of year-over-year growth above 25 per cent,” Rich Rogoff, President and Chief Executive Officer of InTest, said in a statement. “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 per cent of revenue that drove an approximately 74 per cent increase in Adjusted EBITDA year-over-year. This is the diversified growth profile we are building for InTest.” “Our leading indicators point to a strengthening second half,” Rogoff added. “Semiconductor orders were the standout and have increased approximately 56 per cent sequentially and approximately 64 per cent year-over-year, making the second quarter our strongest Semi order intake in six quarters as the demand we have been building into our funnel has started to convert into orders. With a backlog of US$45.4 million, up 19.8 per cent year-over-year, expanding Defense/Aerospace opportunities tied to higher US Department of Defense spending and healthy Auto/EV activity supported by rising electronic content, we entered the third quarter with momentum across our divisions.” InTest supplies testing and process technology solutions for clients in the semiconductor, automotive, aerospace, defense, industrial, life sciences and safety and security industries. InTest stock (NYSEAM:INTT) last traded at US$13.98 and has added 99.43 per cent year-over-year.

inTest Corporation (INTT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +125.00%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.16, delivering a surprise of +100%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. inTest, which belongs to the Zacks Electronics - Measuring Instruments industry, posted revenues of $35.31 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.18%. This compares to year-ago revenues of $28.13 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. inTest shares have added about 88.1% since the beginning of the year versus the S&P 500's gain of 13.3%. While inTest has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for inTest was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.13 on $34.9 million in revenues for the coming quarter and $0.43 on $138.9 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Measuring Instruments is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Keysight (KEYS), is yet to report results for the quarter ended July 2026. The results are expected to be released on August 18. This electronic measurement technology company is expected to post quarterly earnings of $2.46 per share in its upcoming report, which represents a year-over-year change of +43%. The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. Keysight's revenues are expected to be $1.75 billion, up 29.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report inTest Corporation (INTT) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Second Quarter Revenue Estimated to be Approximately $35 Million Second Quarter Gross Margin Estimated to be Approximately 40% Company to Revise First Quarter 2026 Gross Margin Downward by 220 Basis Points Updates FY26 Outlook: Raises Revenue Guidance to a Range of $135 Million to $140 Million on Strengthening Demand with Gross Margin of Approximately 43% Management to Report Second Quarter Results on Monday, August 10, 2026 MT. LAUREL, N.J., July 31, 2026--(BUSINESS WIRE)--InTest Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include Semiconductor, Automotive/EV, Defense/Aerospace, Industrial, Life Sciences, and Safety/Security, today announced estimated revenue, gross margin, and operating expenses for the second quarter ended June 30, 2026, based on management’s preliminary review. The Company also announced that it intends to revise an overstatement of gross margin in its previously reported financial results for the first quarter ended March 31, 2026, and that no amendment of its previously filed reports is required. Preliminary Second Quarter 2026 Results The financial results in this press release are preliminary and subject to completion of the Company’s financial closing procedures. Actual results may vary materially from these preliminary financial results due to the completion of the Company’s financial closing procedures and other developments or information that may arise between now and the time of the finalization of the Company’s financial results for the three and six months ended June 30, 2026. For the second quarter, revenue is expected to be approximately $35 million, gross margin is expected to be approximately 40%, and operating expenses are estimated to be $13.9 million. These figures compare to management’s second quarter guidance of $32 million to $34 million, approximately 45%, and $13.8 million to $14.2 million for revenue, gross margin, and operating expenses, respectively. Second quarter revenue exceeded prior guidance range, driven by strengthening demand across several end markets. The shortfall to gross margin guidance for the second quarter is due to: Lower than expected delivered gross margin on projects shipped by Alfamation. This was driven by unfavorable project mix and accounted for approximately 340 basis points of the total shortfall of about 500 basis points; and, A delay in shipping approximately $2 million of ITS revenue into the third quarter due to a supply chain disruption which negatively impacted volume for the Environmental Technologies segment and accounted for approximately 160 basis points of the total shortfall of about 500 basis points. Revision of First Quarter 2026 Financial Statements Implementation issues with a new ERP system at Alfamation that went live in the first quarter contributed to overstated inventory and gross margin in the first quarter of 2026. The Company completed a physical inventory count within Alfamation’s operations as of June 30, 2026, and, based on extensive analysis of Alfamation’s inventory costs on projects shipped during the first and second quarters, management has determined that first quarter total consolidated gross profit was overstated by approximately $750,000. This equates to a 220-basis point downward revision to the Company’s previously reported Q1 gross margin. The Company has also determined that this accounting error is not material for the quarter ended March 31, 2026; however, correcting the cumulative effect of the error in the current period would be material to the current-period results. As a result, the Company intends to revise financial results for the first quarter to include an approximately $750,000 reduction in inventory and increase to cost of sales as of and for the quarter ended March 31, 2026. While the Company believes that the accounting error was not material to the Q1 financial results, it was not able to determine that the error could not have been greater. As a result, the Company expects to report a material weakness in its internal control over financial reporting. The Company believes that the material weakness has now been remediated and fully expects to be able to demonstrate operating effectiveness by fiscal year-end. Revised Full Year Outlook The Company now expects full year 2026 revenue to be $135 million to $140 million compared to its prior revenue guidance range of $130 million to $135 million, reflecting its year-to-date performance, strengthening customer demand, and anticipated order activity in the second half of the year across several of its end markets. The Company now expects full year gross margin of approximately 43% (approximately 41.8% year-to-date), 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. Full year operating expense guidance remains unchanged at $55 million to $57 million, amortization expense and interest expense remain unchanged at $2.6 million and $0.3 million, respectively, the effective tax rate is expected to remain at approximately 18%, and capital expenditures are estimated to remain at approximately 1% to 2% of revenue. Management Commentary: "While the implementation of a new ERP system is generally understood to be challenging, it is nevertheless disappointing that we didn't realize sooner that Alfamation’s gross margin was overstated. In addition to revisions to first quarter gross margin, we are also making downward adjustments to our estimated gross margins on Alfamation orders to be delivered in the second half of the year," stated Duncan Gilmour, Chief Financial Officer. 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." Second Quarter 2026 Results Conference Call and Webcast The Company will host a conference call and webcast to discuss its results for the second quarter on Monday, August 10, 2026, at 8:30 a.m. ET. During the conference call, management will review the financial and operating results and discuss InTest’s corporate strategy and outlook. A question-and-answer session will follow. To listen to the live call, dial (877) 407-0792 or (201) 689-8263. In addition, the webcast and slide presentation may be found at https://www.intest.com/investor-relations. A telephonic replay will be available from 12:30 p.m. ET on the day of the call through Monday, August 24, 2026. To listen to the archived call, dial (844) 512-2921 or (412) 317-6671 and enter replay pin number 13760855. The webcast replay can be accessed via the investor relations section of https://www.intest.com/, where a transcript will also be posted once available. About InTest Corporation InTest Corporation is a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets including both the front-end and back-end of the semiconductor manufacturing industry ("Semi"), Automotive/EV, Defense/Aerospace, Industrial, Life Sciences and Safety/Security. Backed by decades of engineering expertise and a culture of operational excellence, InTest solves difficult thermal, mechanical, and electronic challenges for customers worldwide. InTest’s growth strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, customer penetration and market expansion. For more information, visit https://www.intest.com/. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company’s plans, strategies and intentions, or our future performance or goals, that are based upon management’s current expectations. These forward-looking statements can often be identified by the use of forward-looking terminology such as "continue," "expects," "guidance," "intend," "outlook," "plan," "potential," "strategy," "target," "estimated," or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, any mentioned in this press release as well as the Company’s ability to revise certain historical financial statements and the timing and impact of any revisions; the impact of a material weakness in the Company’s internal controls over financial reporting; the Company’s ability to execute on its VISION 2030 Strategy; realize the potential benefits of acquisitions and successfully integrate any acquired operations; grow the Company’s presence in its key target and international markets; manage supply chain challenges; convert backlog to sales and to ship product in a timely manner; the success of the Company’s strategy to diversify its markets; the impact of inflation on the Company’s business and financial condition; indications of a change in the market cycles in the semi market or other markets served; changes in business conditions and general economic conditions both domestically and globally including changes in U.S. and/or foreign trade policy, rising interest rates and fluctuation in foreign currency exchange rates; changes in the demand for semiconductors; access to capital and the ability to borrow funds or raise capital to finance potential acquisitions or for working capital; changes in the rates and timing of capital expenditures by the Company’s customers; and other risk factors set forth from time to time in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement made by the Company in this press release is based only on information currently available to management and speaks to circumstances only as of the date on which it is made. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260731332753/en/ Contacts InTest Corporation: Duncan GilmourChief Financial Officer and TreasurerTel: (856) 505-8999 Investors: Jody Burfening / Sanjay M. HurryAlliance Advisors [email protected] Tel: (212) 838-3777

Aehr Test Systems (AEHR) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to a loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1,200.00%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.05, delivering a surprise of +37.5%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Aehr Test Systems, which belongs to the Zacks Electronics - Measuring Instruments industry, posted revenues of $18.84 million for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 0.72%. This compares to year-ago revenues of $14.09 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Aehr Test Systems shares have added about 236.9% since the beginning of the year versus the S&P 500's gain of 9.8%. While Aehr Test Systems has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Aehr Test Systems was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $14.6 million in revenues for the coming quarter and $0.16 on $86.6 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Measuring Instruments is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. inTest Corporation (INTT), another stock in the same industry, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +233.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. inTest Corporation's revenues are expected to be $33 million, up 17.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Aehr Test Systems (AEHR) : Free Stock Analysis Report inTest Corporation (INTT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

inTest Corporation (INTT) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced earnings of $0.16, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. inTest, which belongs to the Zacks Electronics - Measuring Instruments industry, posted revenues of $33.89 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.56%. This compares to year-ago revenues of $26.64 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. inTest shares have added about 148.2% since the beginning of the year versus the S&P 500's gain of 5.2%. While inTest has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for inTest was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $32.2 million in revenues for the coming quarter and $0.40 on $130.2 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Measuring Instruments is currently in the top 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Camtek (CAMT), another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 12. This maker of automatic optical inspection and process enhancement systems is expected to post quarterly earnings of $0.69 per share in its upcoming report, which represents a year-over-year change of -12.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Camtek's revenues are expected to be $120.09 million, up 1.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report inTest Corporation (INTT) : Free Stock Analysis Report Camtek Ltd. (CAMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Revenue grew 27.2% year-over-year driven by continued diversity and strength from all end markets Gross margin of 45.5%, reflecting higher volume and favorable product mix Orders1 of $31.8 million grew 25.4% year-over-year but declined sequentially following two consecutive quarters of record orders Net earnings of $0.8 million; Adjusted EBITDA (Non-GAAP)2 of $3.2 million Raises 2026 Revenue Guidance to $130 million to $135 million on improving market conditions MT. LAUREL, N.J., May 05, 2026--(BUSINESS WIRE)--InTest Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include semiconductor ("Semi"), Auto/EV, Defense/Aerospace, Industrial, Life Sciences, and Safety/Security, today announced financial results for the first quarter of 2026 ended March 31, 2026. "InTest delivered a good start to 2026, with first quarter results slightly ahead of guidance, reflecting our strong execution," stated Rich Rogoff, President and CEO. "With 69% of revenue generated from non-semiconductor end markets, we saw strong year-over-year growth across Defense/Aerospace, Life Sciences, and Auto/EV. Our Semi business improved, benefitting from shipments from our backlog1 rather than first quarter orders. These results demonstrate the adoption of new products developed by our engineering teams and the deepening of customer relationships driven by our sales teams. "Beyond the quarter's financial results, we continue to advance the operational priorities that will define 2026 and beyond," continued Mr. Rogoff. "Having led our M&A strategy, I have seen firsthand how our portfolio companies create value individually and, more importantly, how they are creating greater value together. My top priority is to deepen those connections by removing operational friction and accelerating cross-business product development and selling to unlock the full value of our platform. Central to this is expanding gross margin and Adjusted EBITDA (Non-GAAP)2 over time, through disciplined cost management and supply-chain efficiency initiatives, while deploying capital with rigor across organic innovation, global customer expansion, and targeted M&A. Together, these actions are intended to generate stronger free cash flow and enhance shareholder returns." First Quarter 2026 Review (see revenue by market and by segments in accompanying tables) Revenue for the first quarter increased $1.1 million over the fourth quarter of 2025, reflecting higher Semi and Auto/EV shipments, partially offset by lower Industrial following a stronger than normal fourth quarter. Compared to the prior-year period, first quarter revenue increased $7.2 million with growth in Defense/Aerospace, Life Sciences, Auto/EV and Semi, partially offset by a decrease in Other. Gross margin expanded by 10 basis points sequentially to 45.5%, reflecting higher volume and a favorable product mix. Compared to the prior-year period, gross margin expanded 400 basis points reflecting higher volume, favorable product mix, and manufacturing efficiency initiatives. Operating expenses increased $0.8 million sequentially and $0.5 million year-over-year, due primarily to $0.7 million in restructuring costs associated with our CEO transition. Net earnings for the first quarter was $0.8 million, or $0.06 per diluted share. Adjusted net earnings (Non-GAAP)2 was $2.0 million, or $0.16 adjusted EPS (Non-GAAP)2. Balance Sheet and Cash Flow Review Cash, cash equivalents and restricted cash at the end of the first quarter of 2026 was $15.7 million, down $2.4 million from the end of the fourth quarter. During the quarter, we reduced our term debt by $1.0 million from December 31, 2025, and used $3.3 million in operating activities to invest in working capital. Capital expenditures were $0.6 million in the first quarter of 2026. At March 31, 2026, the Company had $30.0 million available under its delayed draw term loan facility and no borrowings under the $10.0 million revolving credit facility. On August 5, 2025, the Company entered into a covenant waiver agreement with its U.S.-based lender through the first quarter of 2026 in exchange for pledging cash equal to U.S. debt outstanding. At March 31, 2026, there was $2.8 million U.S.-based debt outstanding. On May 4, 2026, we amended the facility, effective as of April 30, 2026, to extend our ability to draw on the Term Note through August 28, 2026. At March 31, 2026, we were in compliance with all of the other covenants included in the Loan Agreement. First Quarter 2026 Orders1 and Backlog1 (see orders by market in accompanying tables) First quarter orders of $31.8 million decreased sequentially with lower Life Sciences, Semi, Other and Safety/Security orders partially offset by increases in Auto/EV, Industrial and Defense/Aerospace. The year-over-year increase of $6.4 million reflects strength primarily in Auto/EV and Defense/Aerospace partially offset by the decline in Semi. Backlog at March 31, 2026, was $51.8 million, a decrease of 3.9% from December 31, 2025, and an increase of 35.5% compared to March 31, 2025. Approximately 50% of the backlog is expected to ship beyond the second quarter of 2026. Second Quarter 2026 and Raised Full Year 2026 Outlook Mr. Rogoff concluded, "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." For Q2 26, InTest projects revenue to be $32 million to $34 million, with gross margin of approximately 45%, and operating expenses of $13.8 million to $14.2 million, reflecting typically higher levels in the second quarter. Amortization expense is expected to be $0.7 million. Based on full-year 2026 revenue projections between $130 million to $135 million, the Company expects gross margin of approximately 45% and operating expenses of $55 million to $57 million for the year. Amortization expense is expected to be $2.6 million and interest expense of $0.3 million. The effective tax rate for the year is expected to be approximately 18%. Capital expenditures are estimated to be approximately 1% to 2% of revenue. The foregoing guidance is based on management’s current views with respect to operating and market conditions and customers’ forecasts. Actual results may differ materially from what is provided here today as a result of, among other things, the factors described under "Forward-Looking Statements" below. Conference Call and Webcast The Company will host a conference call and webcast today at 8:30 a.m. ET. During the conference call, management will review the financial and operating results and discuss InTest’s corporate strategy and outlook. A question-and-answer session will follow. To listen to the live call, dial (877) 407-0792 or (201) 689-8263. In addition, the webcast and slide presentation may be found at https://www.intest.com/investor-relations. A telephonic replay will be available from 12:30 p.m. ET on the day of the call through Tuesday, May 19, 2026. To listen to the archived call, dial (844) 512-2921 or (412) 317-6671 and enter replay pin number 13759517. The webcast replay can be accessed via the investor relations section of https://www.intest.com/, where a transcript will also be posted once available. About InTest Corporation InTest Corporation is a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets including both the front-end and back-end of the semiconductor manufacturing industry ("Semi"), Automotive/EV, Defense/Aerospace, Industrial, Life Sciences and Safety/Security. Backed by decades of engineering expertise and a culture of operational excellence, InTest solves difficult thermal, mechanical, and electronic challenges for customers worldwide. InTest’s growth strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, customer penetration and market expansion. For more information, visit https://www.intest.com/. Non-GAAP Financial Measures In addition to disclosing results that are determined in accordance with generally accepted accounting practices in the United States ("GAAP"), we also disclose non-GAAP financial measures. These non-GAAP financial measures consist of adjusted net earnings (loss), adjusted earnings (loss) per diluted share ("adjusted EPS"), adjusted EBITDA, and adjusted EBITDA margin. The Company defines these non-GAAP measures as follows: Adjusted net earnings (loss) is derived by adding acquired intangible amortization, restructuring costs, and the tax effect of the adjusting items, to net earnings (loss). Adjusted earnings (loss) per diluted share is derived by dividing adjusted net earnings (loss) by diluted weighted average shares outstanding. Adjusted EBITDA is derived by adding acquired intangible amortization, restructuring costs, net interest expense, income tax expense, depreciation, and stock-based compensation expense to net earnings. Adjusted EBITDA margin is derived by dividing adjusted EBITDA by revenue. These results are provided as a complement to the results provided in accordance with GAAP. Adjusted net earnings (loss) and adjusted earnings (loss) per diluted share ("adjusted EPS") are non-GAAP financial measures presented to provide investors with meaningful, supplemental information regarding our baseline performance before acquired intangible amortization, and restructuring costs as management believes these expenses may not be indicative of our underlying operating performance. Adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures presented primarily as a measure of liquidity as they exclude non-cash charges for acquired intangible amortization, depreciation and stock-based compensation. In addition, adjusted EBITDA and adjusted EBITDA margin also exclude the impact of restructuring costs, interest income or expense and income tax expense or benefit, as management believes these expenses may not be indicative of our underlying operating performance. Management’s Use of Non-GAAP Measures The non-GAAP financial measures presented in this press release are used by management to make operational decisions, to forecast future operational results, and for comparison with our business plan, historical operating results and the operating results of our peers. Reconciliations from net earnings (loss) and earnings (loss) per diluted share ("EPS") to adjusted net earnings (loss) and adjusted earnings (loss) per diluted share ("adjusted EPS") and from net earnings (loss) and net margin to adjusted EBITDA and adjusted EBITDA margin, are contained in the tables below. Management believes these Non-GAAP financial measures are important in evaluating our performance, results of operations, and financial position. We use non-GAAP financial measures to supplement our GAAP results to provide a more complete understanding of the factors and trends affecting our business. Non-GAAP measures as presented in this press release may differ from and may not be comparable to similarly titled measures used by other companies. Key Performance Indicators In addition to the foregoing non-GAAP measures, management uses orders and backlog as key performance metrics to analyze and measure the Company’s financial performance and results of operations. Management uses orders and backlog as measures of current and future business and financial performance, and these may not be comparable with measures provided by other companies. Orders represent written communications received from customers requesting the Company to provide products and/or services. Backlog is calculated based on firm purchase orders we receive for which revenue has not yet been recognized. Management believes tracking orders and backlog are useful as they are often leading indicators of future performance. In accordance with industry practice, contracts may include provisions for cancellation, termination, or suspension at the discretion of the customer. Given that each of orders and backlog are operational measures and that the Company’s methodology for calculating orders and backlog does not meet the definition of a non-GAAP measure, as that term is defined by the U.S. Securities and Exchange Commission, a quantitative reconciliation for each is not required or provided. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company’s plans, strategies and intentions, or our future performance or goals, that are based upon management’s current expectations. These forward-looking statements can often be identified by the use of forward-looking terminology such as "believe," "continue," "expects," "guidance," "intended," "may," "outlook," "will," "plan," "potential," "strategy," "target," "estimated," or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, any mentioned in this press release as well as the Company’s ability to execute on its VISION 2030 Strategy; realize the potential benefits of acquisitions and successfully integrate any acquired operations; grow the Company’s presence in its key target and international markets; manage supply chain challenges; convert backlog to sales and to ship product in a timely manner; the success of the Company’s strategy to diversify its markets; the impact of inflation on the Company’s business and financial condition; indications of a change in the market cycles in the semi market or other markets served; changes in business conditions and general economic conditions both domestically and globally including changes in U.S. and/or foreign trade policy, rising interest rates and fluctuation in foreign currency exchange rates; changes in the demand for semiconductors; access to capital and the ability to borrow funds or raise capital to finance potential acquisitions or for working capital; changes in the rates and timing of capital expenditures by the Company’s customers; and other risk factors set forth from time to time in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement made by the Company in this press release is based only on information currently available to management and speaks to circumstances only as of the date on which it is made. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events, except as required by law. – FINANCIAL TABLES FOLLOW – * Components may not add up to total due to rounding * Components may not add up to total due to rounding InTest Corporation Reconciliation of Non-GAAP Financial Measures (Unaudited) Reconciliation of Net Earnings (Loss) to Adjusted Net Earnings (Loss) (Non-GAAP) and Earnings (Loss) Per Diluted Share to Adjusted EPS (Non-GAAP): Reconciliation of Net Earnings (Loss) and Net Margin to Adjusted EBITDA (Non-GAAP) and Adjusted EBITDA Margin (Non-GAAP): 1 Orders and Backlog are key performance metrics. See "Key Performance Indicators" below for important disclosures regarding InTest’s use of these metrics. 2 Adjusted net earnings (loss), adjusted EPS, adjusted EBITDA, and adjusted EBITDA margin are non-GAAP financial measures. Further information can be found under "Non-GAAP Financial Measures." See also the reconciliations of GAAP financial measures to non-GAAP financial measures that accompany this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505949765/en/ Contacts InTest Corporation Duncan Gilmour Chief Financial Officer and Treasurer Tel: (856) 505-8999 Investors: Jody Burfening / Sanjay M. Hurry Alliance Advisors IR [email protected] Tel: (212) 838-3777