Earnings ·
InTest Corporation issued revised financial guidance for the second quarter ended June 30, 2026, estimating revenue of…
INTTIntest Corp
InTest Corporation issued revised financial guidance for the second quarter ended June 30, 2026, estimating revenue of approximately $35 million and a gross margin of roughly 40%, while raising its full-year 2026 revenue outlook to $135–$140 million. The company disclosed that an ERP implementation error at its Alfamation subsidiary overstated first-quarter gross profit by about $750,000, necessitating a downward revision of Q1 gross margin by 220 basis points and the identification of a material weakness in internal controls over financial reporting. Additionally, InTest noted a supply chain disruption delayed approximately $2 million of Environmental Technologies revenue into the third quarter. The company operates in the semiconductor test and process technology industry.