inTEST Q3 revenue edges past estimates on semiconductor demand
Overview
US test technology supplier's Q3 revenue rose 34% yr/yr, slightly beating analyst expectations
Adjusted EPS for Q3 was $0.18, beating analyst expectations
Company reported record Q3 orders, led by semiconductor segment
Outlook
Company sees Q4 revenue between $34 mln and $36 mln
Company expects Q4 gross margin of about 45%
Company expects Q3 semiconductor orders to convert to revenue in H1 2027
Result Drivers
SEMICONDUCTOR DEMAND - Co said increased demand for back-end semiconductor testing, particularly for power, analog, and mixed-signal devices, drove results
PRODUCT MIX - Shift toward higher-margin semiconductor revenue contributed to improved gross margin
AUTO/EV AND DEFENSE/AEROSPACE ORDERS - Sequential rebound in Auto/EV and growth in Defense/Aerospace orders supported order growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $35.07 mln | $34.80 mln (3 Analysts) |
Q3 Adjusted EPS | Beat | $0.18 | $0.12 (3 Analysts) |
Q3 Net Income | $1.86 mln | ||
Q3 Gross Margin | 47.70% | ||
Q3 Adjusted EBITDA Margin | 12.60% | ||
Q3 Operating Income | $2.73 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)