| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 35.31 | 4.2% | 25.5% |
| Total Income | 35.31 | 4.2% | 25.5% |
| Expenditure | 34.95 | 6.1% | 20.3% |
| PBT | 0.25 | 74.5% | 143.1% |
| Net Profit | 0.47 | 40.5% | 194.0% |
| OPM | 1.03% | 1.79pp | 4.32pp |
| NPM | 1.34% | 0.99pp | 3.13pp |
| EPS | 0.04 | 33.3% | 200.0% |
InTest Reports Preliminary Q2 2026 Results, Raises FY26 Revenue Outlook
31 Jul 2026 · 31 Jul, 6:09 pm
Summary
InTest Corporation announced preliminary results for the second quarter of 2026, with revenue estimated at approximately $35 million, surpassing guidance. However, the gross margin is expected to be around 40%, lower than anticipated due to project mix and a supply chain disruption. The company also disclosed a downward revision to its first quarter 2026 gross margin by 220 basis points due to ERP system implementation issues. Despite these challenges, InTest has raised its full-year 2026 revenue outlook to $135 million-$140 million, driven by strengthening demand, though the full-year gross margin forecast is now approximately 43%.
Key Highlights
- 1
Second Quarter 2026 revenue is estimated to be approximately $35 million, exceeding prior guidance.
- 2
The Company expects a second quarter 2026 gross margin of approximately 40%, below prior guidance due to project mix and supply chain disruptions.
- 3
First Quarter 2026 gross margin will be revised downward by 220 basis points due to ERP implementation issues at Alfamation.
- 4
The full year 2026 revenue outlook has been raised to a range of $135 million to $140 million, reflecting strengthening demand.
- 5
Full year 2026 gross margin is now expected to be approximately 43%, slightly below prior guidance.
- 6
The Company expects to report a material weakness in internal control over financial reporting related to the Q1 2026 overstatement, which it believes has been remediated.
Management Comments
Duncan Gilmour
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.
Rich Rogoff
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.
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