Recent Updates — INTT
InTest Corporation entered into an Eighth Amendment to its Amended and Restated Loan and Security Agreement with M&T Bank on August 14, 2026. This amendment extends the period during which the Company may request advances under the term loan facility until August 28, 2028. The filing includes the executed agreement as Exhibit 10.1.
InTest Corporation reported second quarter 2026 financial results with revenue of $35.3 million, a 25.5% increase year-over-year, driven by strength in the Auto/EV market. Net earnings were $0.5 million ($0.04 per diluted share), up 194.2% from the prior year period. Adjusted EBITDA reached $2.2 million, a 73.7% increase year-over-year. The company's backlog stood at $45.4 million, up 19.8% year-over-year. InTest reiterated its full-year 2026 revenue outlook of $135 million to $140 million and provided third-quarter guidance of $33.0 million to $35.0 million in revenue. The company operates in the semiconductor test and process technology industry.
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.