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inTEST Q3 revenue edges past estimates on semiconductor demand

By Reuters News


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.


Reuters Recommended Reads

  • Nov 5 - Axcelis Q3 revenue and adjusted EPS beat estimates on demand

  • Nov 3 - Navitas Semiconductor Q3 revenue beats estimates on rising demand from AI data centers and grid infrastructure

  • Nov 5 - Unity Software Q3 revenue rises 32%, beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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