Q3 FY2026
Filed Oct 5, 2026InTest Expects Record Orders for Q3 2026 and Revenue at High End of Guidance Range for Q3 and Full Year 2026
Preliminary Q3 orders are expected to reach a record $48 million to $50 million, revenue is expected at the high end of the $33 million to $35 million guidance range, and backlog is expected to increase to $58 million to $60 million.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q3 2026 estimated ordersother | $48 million to $50 million | – | an increase of 28% to 33% compared with the third quarter of 2025 |
| Q3 2026 estimated revenueother | at the high end of the Company's guidance range of $33 million to $35 million | – | growth of more than 30% compared with $26.2 million in the third quarter of 2025 |
| Estimated backlog at September 30, 2026other | $58 million to $60 million | up approximately 28% to 32% from $45.4 million at June 30, 2026 | – |
Q3 2026 outlook
- Revenueat the high end of the Company's guidance range of $33 million to $35 million
- NoteQ3 orders expected to be $48 million to $50 million
- NoteQ3 book-to-bill ratio expected to be above 1.3x
- NoteBacklog at the end of Q3 expected to be $58 million to $60 million
- NoteRevenue for the full year 2026 expected to be at the high end of the Company's guidance ranges
What drove it
- Record back-end semiconductor orders led expected Q3 order growth.
- Customers' capacity expansions, fueled in part by AI-driven data center demand, are driving demand for advanced semiconductor test solutions.
- High-powered chillers and advanced manipulators are contributing substantially by addressing rising power conversion requirements and growing mixed-signal and analog test needs.
- Orders for semiconductor and other end-markets booked in prior quarters are now shipping.
Concerns
- The selected financial results are preliminary and subject to completion of the Company's financial closing procedures.
- Actual results may vary materially from the selected preliminary financial results.
- Order levels may vary from quarter to quarter with the timing of customers' capital investments.
- Contracts may include provisions for cancellation, termination, or suspension at the discretion of the customer.
- The Company cites risks including supply chain challenges, backlog conversion and timely shipment, semiconductor-demand changes, and a material weakness in internal controls over financial reporting.
What to watch
- Final third quarter 2026 results, which the Company expects to report on November 6, 2026.
- Whether estimated orders of $48 million to $50 million and backlog of $58 million to $60 million are confirmed following financial closing procedures.
- Conversion of semiconductor and other end-market backlog into revenue.
- Whether full-year 2026 revenue is reported at the high end of the Company's guidance ranges.
- The timing of customers' capital investments and resulting quarterly order variability.
Analysis
InTest issued preliminary selected results for the quarterly period ended September 30, 2026 rather than final earnings. The company expects record Q3 orders of $48 million to $50 million, an increase of 28% to 33% compared with the third quarter of 2025. It also expects an estimated book-to-bill ratio above 1.3x. Management attributed the order strength to record back-end semiconductor orders.
Revenue is expected at the high end of the company's $33 million to $35 million Q3 guidance range, representing growth of more than 30% compared with $26.2 million in the third quarter of 2025. Management said shipments of semiconductor and other end-market orders booked in prior quarters are supporting revenue. It also expects full-year 2026 revenue at the high end of its guidance ranges, although the full-year range was not provided in this filing.
The expected September 30 backlog of $58 million to $60 million is up approximately 28% to 32% from $45.4 million at June 30, 2026. This build in backlog follows the expected record orders and provides a larger base of firm purchase orders for future revenue recognition. Management identifies AI-driven data center demand, customer capacity expansions, and demand for power-conversion, mixed-signal, and analog test solutions as demand drivers.
The release does not provide final GAAP or non-GAAP profitability, margin, EPS, cash flow, cash, debt, or capital-return results. Investors should therefore distinguish the favorable preliminary demand and revenue indicators from completed financial results. The company states that actual results may vary materially as closing procedures are completed, while also noting that order timing depends on customers' capital investments and that contracts may permit customer cancellation, termination, or suspension.
Management, verbatim
The increase in semiconductor demand we anticipated for the second half of the year has materialized, led by record back-end semiconductor orders. Demand for our advanced semiconductor test solutions is being driven by customers’ capacity expansions that are fueled in part by AI-driven data center demand. Our newer products, such as our high-powered chillers and advanced manipulators, are contributing substantially by addressing customers’ rising power conversion requirements and growing mixed-signal and analog test needs. With orders for semiconductor and other end-markets booked in prior quarters now shipping, we expect revenue for both the third quarter of 2026 and the full year to be at the high end of our guidance ranges. While order levels will vary from quarter to quarter with the timing of our customers’ capital investments, this quarter’s order activity has strengthened our backlog, positioning us for a strong finish to 2026 and to enter 2027 with promising momentum.
Rich Rogoff, President and CEO
Not in the filing
stated, not guessed- Final Q3 2026 revenue result
- GAAP gross profit and gross margin
- GAAP operating income or loss and operating margin
- GAAP net income or loss
- GAAP diluted EPS
- Non-GAAP gross margin, operating income, net income, and EPS
- Segment revenue and segment profitability
- Operating cash flow
- Free cash flow
- Cash and cash equivalents
- Debt
- Share repurchases
- Dividends
- Capital expenditures
- Full-year 2026 revenue guidance range
- Guidance for gross margin, operating expenses, and tax rate
- Prior guidance or prior outlook for comparison
- Final Q3 2026 financial statements
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.