Tearsheet
INTT Home Investment Highlights Valuation, Metrics & Events Price Chart Why The Stock Moved Return vs. Risk About INTT Interactive Breakdown Better Bets vs. INTT Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Trade Sentinel Industry Resource Links External Quote Links

inTest (INTT)

Market Price (6/7/2026): $14.85 | Market Cap: $182.0 MilSector: Information Technology | Industry: Semiconductor Materials & Equipment

inTest (INTT)

Market Price (6/7/2026): $14.85
Market Cap: $182.0 Mil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Artificial Intelligence. Themes include AI Chips, and Data Centers & Infrastructure.

Weak multi-year price returns
3Y Excs Rtn is -105%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 195x, P/EPrice/Earnings or Price/(Net Income) is 304x

Stock price has recently run up significantly
12M Rtn12 month market price return is 139%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.0%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 85%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9%

Key risks
INTT key risks include [1] its dependence on cyclical customer spending in key markets like semiconductors and automotive/EV, Show more.

0 Megatrend and thematic drivers
Megatrends include Artificial Intelligence. Themes include AI Chips, and Data Centers & Infrastructure.
1 Weak multi-year price returns
3Y Excs Rtn is -105%
2 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 195x, P/EPrice/Earnings or Price/(Net Income) is 304x
3 Stock price has recently run up significantly
12M Rtn12 month market price return is 139%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.0%
6 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 85%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9%
8 Key risks
INTT key risks include [1] its dependence on cyclical customer spending in key markets like semiconductors and automotive/EV, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/5/2026

inTest (INTT) stock has gained about 25% since 2/28/2026 because of the following key factors:

1. Strong Fiscal Q1 2026 Earnings Outperformance and Raised Full-Year Guidance.

inTest reported its fiscal Q1 2026 earnings on May 5, 2026, significantly surpassing analyst expectations. The company posted an actual Earnings Per Share (EPS) of $0.16, beating analysts' estimates of $0.09 by 77.78%. Revenue reached $33.9 million, exceeding expectations of $31.7 million and marking a 27% year-over-year increase from fiscal Q1 2025. This performance led to a return to profitability with net earnings of $0.8 million, compared to a $2.3 million loss in the prior-year quarter. Following these strong results, inTest raised its full-year fiscal 2026 revenue guidance to a range of $130 million to $135 million, up from the previous outlook of $125 million to $130 million, indicating confidence in continued growth.

2. Successful Diversification Strategy Driving Broad-Based Revenue Growth.

The company's strategic efforts to diversify its revenue streams beyond the semiconductor market proved effective in fiscal Q1 2026. Non-semiconductor markets accounted for 69% of total revenue during the quarter. This broad-based growth was driven by strengthening demand in several key sectors, including defense/aerospace (contributing 31% of trailing twelve-month revenue), automotive/EV (20%), and life sciences (8%), alongside increased semiconductor shipments from backlog. This diversification has reduced reliance on the cyclical semiconductor industry, contributing to more stable and robust financial performance.

Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 25.9% change in INTT stock from 2/28/2026 to 6/6/2026 was primarily driven by a 22.8% change in the company's P/S Multiple.
(LTM values as of)22820266062026Change
Stock Price ($)11.6514.6725.9%
Change Contribution By: 
Total Revenues ($ Mil)1181212.9%
P/S Multiple1.21.522.8%
Shares Outstanding (Mil)1212-0.4%
Cumulative Contribution25.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/6/2026
ReturnCorrelation
INTT25.9% 
Market (SPY)7.8%46.3%
Sector (XLK)30.1%44.5%

Fundamental Drivers

The 82.0% change in INTT stock from 11/30/2025 to 6/6/2026 was primarily driven by a 77.5% change in the company's P/S Multiple.
(LTM values as of)113020256062026Change
Stock Price ($)8.0614.6782.0%
Change Contribution By: 
Total Revenues ($ Mil)1181212.9%
P/S Multiple0.81.577.5%
Shares Outstanding (Mil)1212-0.4%
Cumulative Contribution82.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/6/2026
ReturnCorrelation
INTT82.0% 
Market (SPY)8.5%34.5%
Sector (XLK)26.3%33.5%

Fundamental Drivers

The 142.5% change in INTT stock from 5/31/2025 to 6/6/2026 was primarily driven by a 156.9% change in the company's P/S Multiple.
(LTM values as of)53120256062026Change
Stock Price ($)6.0514.67142.5%
Change Contribution By: 
Total Revenues ($ Mil)128121-5.0%
P/S Multiple0.61.5156.9%
Shares Outstanding (Mil)1212-0.6%
Cumulative Contribution142.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/6/2026
ReturnCorrelation
INTT142.5% 
Market (SPY)26.6%32.4%
Sector (XLK)57.1%32.7%

Fundamental Drivers

The -28.8% change in INTT stock from 5/31/2023 to 6/6/2026 was primarily driven by a -94.3% change in the company's Net Income Margin (%).
(LTM values as of)53120236062026Change
Stock Price ($)20.6014.67-28.8%
Change Contribution By: 
Total Revenues ($ Mil)125121-2.9%
Net Income Margin (%)8.6%0.5%-94.3%
P/E Multiple20.7304.21369.1%
Shares Outstanding (Mil)1112-12.2%
Cumulative Contribution-28.8%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/6/2026
ReturnCorrelation
INTT-28.8% 
Market (SPY)83.4%34.7%
Sector (XLK)124.1%34.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
INTT Return96%-19%32%-37%-13%130%165%
Peers Return27%-27%5%6%-3%29%31%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
INTT Win Rate58%42%58%42%42%83% 
Peers Win Rate68%40%57%57%50%57% 
S&P 500 Win Rate75%42%67%75%67%67% 

Max Drawdowns [4]
INTT Max Drawdown-42%-53%-56%-54%-40%-14% 
Peers Max Drawdown-16%-41%-29%-20%-34%-21% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: KEYS, ROP, TDY, ZBRA, CGNX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)

How Low Can It Go

EventINTTS&P 500
2025 US Tariff Shock
  % Loss-28.7%-18.8%
  % Gain to Breakeven40.2%23.1%
  Time to Breakeven65 days79 days
2024 Yen Carry Trade Unwind
  % Loss-42.6%-7.8%
  % Gain to Breakeven74.2%8.5%
  Time to Breakeven564 days18 days
2022 Inflation Shock & Fed Tightening
  % Loss-51.7%-24.5%
  % Gain to Breakeven106.9%32.4%
  Time to Breakeven190 days427 days
2020 COVID-19 Crash
  % Loss-61.5%-33.7%
  % Gain to Breakeven159.8%50.9%
  Time to Breakeven279 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-30.5%-19.2%
  % Gain to Breakeven43.9%23.8%
  Time to Breakeven772 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-13.5%-12.2%
  % Gain to Breakeven15.6%13.9%
  Time to Breakeven12 days62 days

Compare to KEYS, ROP, TDY, ZBRA, CGNX

In The Past

inTest's stock fell -28.7% during the 2025 US Tariff Shock. Such a loss loss requires a 40.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventINTTS&P 500
2025 US Tariff Shock
  % Loss-28.7%-18.8%
  % Gain to Breakeven40.2%23.1%
  Time to Breakeven65 days79 days
2024 Yen Carry Trade Unwind
  % Loss-42.6%-7.8%
  % Gain to Breakeven74.2%8.5%
  Time to Breakeven564 days18 days
2022 Inflation Shock & Fed Tightening
  % Loss-51.7%-24.5%
  % Gain to Breakeven106.9%32.4%
  Time to Breakeven190 days427 days
2020 COVID-19 Crash
  % Loss-61.5%-33.7%
  % Gain to Breakeven159.8%50.9%
  Time to Breakeven279 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-30.5%-19.2%
  % Gain to Breakeven43.9%23.8%
  Time to Breakeven772 days105 days
2014-2016 Oil Price Collapse
  % Loss-26.2%-6.8%
  % Gain to Breakeven35.4%7.3%
  Time to Breakeven363 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-34.4%-17.9%
  % Gain to Breakeven52.5%21.8%
  Time to Breakeven122 days123 days
2008-2009 Global Financial Crisis
  % Loss-94.8%-53.4%
  % Gain to Breakeven1825.5%114.4%
  Time to Breakeven407 days1085 days
Summer 2007 Credit Crunch
  % Loss-37.0%-8.6%
  % Gain to Breakeven58.7%9.5%
  Time to Breakeven2512 days47 days

Compare to KEYS, ROP, TDY, ZBRA, CGNX

In The Past

inTest's stock fell -28.7% during the 2025 US Tariff Shock. Such a loss loss requires a 40.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About inTest (INTT)

inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). The Thermal segment offers ThermoStream products that are used in the semi market as a stand-alone temperature management tool, or in various electronic test applications; Thermal Chambers; Thermal Platforms; Thermonics temperature conditioning products that provide tempered gas or fluid; ultra-cold storage solutions, including biomedical freezers, refrigerators, and mobile storage solutions; EKOHEAT and EASYHEAT induction heating systems; and digital streaming and image capturing solutions. The EMS segment provides in2, Cobal, and LS series manipulators that hold various test heads and enable an operator to reposition a test head for alternate use with various probers or handlers on a test floor; and docking hardware products, which protect the interface contacts and ensure proper repeatable and precise alignment between the test head's interface board and the prober's probing assembly or the handler's test socket. This segment also offers tester interfaces that provide electrical connections between the tester and the wafer prober or integrated circuit (IC) handler; and scorpion flying probe test systems, which designs and manufactures robotics-based electronic test equipment, as well as provides application support services. Its products are used in production testing of wafers and specialized packaged ICs in back-end testing by semiconductor manufacturers. The company markets and sells its products to semiconductor manufacturers, third-party foundries, test and assembly providers, and original equipment manufacturers. inTEST Corporation was incorporated in 1981 and is headquartered in Mount Laurel, New Jersey.

AI Analysis | Feedback

Here are 1-3 brief analogies for inTest (INTT):

  • The Brooks Automation for specialized thermal and electromechanical testing solutions.
  • The Applied Materials for semiconductor testing and thermal management equipment.
  • A more industrial, integrated Keysight Technologies, building precision thermal and robotic test equipment.

AI Analysis | Feedback

  • ThermoStream products: Stand-alone temperature management tools used in semiconductor and electronic test applications.
  • Thermal Chambers: Environmental chambers utilized for testing various products.
  • Thermal Platforms: Platforms specifically designed for precise temperature conditioning.
  • Thermonics temperature conditioning products: Systems that provide tempered gas or fluid for conditioning applications.
  • Ultra-cold storage solutions: Biomedical freezers, refrigerators, and mobile units offering ultra-cold storage capabilities.
  • EKOHEAT and EASYHEAT induction heating systems: Systems used for efficient induction heating processes.
  • Digital streaming and image capturing solutions: Technologies enabling the streaming and capture of digital images.
  • Manipulators (in2, Cobal, LS series): Devices that hold and reposition test heads for use with probers or handlers.
  • Docking hardware products: Components designed to protect interface contacts and ensure precise alignment between test heads and test equipment.
  • Tester interfaces: Systems providing electrical connections between a tester and wafer prober or integrated circuit handler.
  • Scorpion flying probe test systems: Robotics-based electronic test equipment for circuit board testing.
  • Application support services: Support provided for robotics-based electronic test equipment.

AI Analysis | Feedback

Major Customers of inTest (INTT)

Based on the provided background, inTest primarily sells its products and solutions to other companies (business-to-business). The major customers are identified by the following categories of companies:

  • Semiconductor manufacturers
  • Third-party foundries
  • Test and assembly providers
  • Original equipment manufacturers (OEMs)

The provided background information describes these customer categories but does not specify individual customer company names or their public symbols.

AI Analysis | Feedback

null

AI Analysis | Feedback

Richard N. Grant, Jr. President and Chief Executive Officer

Richard N. Grant, Jr. was appointed as President and Chief Executive Officer of inTEST Corporation in August 2020. He is the first externally hired CEO for the company, with the intention of driving change. Prior to joining inTEST, Mr. Grant served as Senior Vice President, Americas Region Measurement & Analytics, at ABB Ltd from June 2017 to August 2020. Before ABB, he held the position of Corporate Vice President and General Manager of the Materials Analysis Division at AMETEK Inc., an electronic instrument and electromechanical manufacturer, from April 2013 until June 2017. He also served as an Operating Officer of AMETEK Inc. and a Board Member of SEIKO EG&G CO. LTD., a joint venture. Earlier in his career, from March 1997 to April 2013, Mr. Grant worked at Emerson Electric in various leadership capacities, including Vice President/General Manager of the Temperature Business unit of Rosemont Measurement and Vice President Strategic Planning for Emerson Process Management. He has a passion for strategic acquisition and partnerships, a focus he maintained at Emerson and AMETEK.

Duncan Gilmour Chief Financial Officer, Treasurer and Secretary

Duncan Gilmour was appointed as Chief Financial Officer, Treasurer, and Secretary of inTEST Corporation in June 2021. Prior to his role at inTEST, Mr. Gilmour served as Americas Region Controller of the Process Automation Measurement and Analytics Division of ABB, Inc. from June 2017 to June 2021. Before his time at ABB, Inc., he was the Finance Director of Enterprise Support for Tyco International, Corporate, from December 2014 to May 2017. Earlier in his career, Mr. Gilmour worked at Coopers & Lybrand (now PricewaterhouseCoopers LLP), where he held positions including Audit Manager, Senior Associate, Supervisor, and Audit Associate from 1993 to 2004.

Joseph McManus Division President for Electronic Test

Joseph McManus joined inTEST in February 2021 as Vice President and General Manager of EMS, and was subsequently promoted to Division President, Electronic Test, in January 2022. Before joining inTEST, Mr. McManus served as Vice President of Sales for CECO Environmental in the Fluid Handling division from November 2016 to September 2020. Prior to CECO, he spent 20 years at Akrion, a semiconductor capital equipment supplier, from February 1996 to November 2016, where his roles included Vice President-Sales and Marketing and Global Product Manager.

Richard B. Rogoff President of Environmental Technologies Division

Richard B. Rogoff joined inTEST in October 2021 as Vice President, Corporate Development, and was promoted to Division President, Environmental Technologies, in June 2025. Most recently, he operated a consulting business, providing M&A and strategy advisory services to various clients, including inTEST. He previously spent seven years with Onto Innovation Inc., a semiconductor capital equipment supplier.

Michael F. Goodrich President of Process Technologies Division

Michael F. Goodrich joined inTEST in January 2024 as President, Process Technologies Division. Before joining inTEST, Mr. Goodrich was the Vice President of Operations at Vixar Inc., a subsidiary of asm OSRAM. Prior to that, he served as President of GBS, LLC, where he offered strategic and process improvement advisory services to technology and manufacturing businesses. Mr. Goodrich spent over two decades of his career at Rudolph Technologies, where he advanced through various roles of increasing responsibility.

AI Analysis | Feedback

```html

Key Risks to inTest (INTT)

  1. Dependence on the Semiconductor Industry: A substantial portion of inTest's business, across both its Thermal Products and Electromechanical Semiconductor Products segments, is directed towards the semiconductor market. This industry is characterized by cyclical demand, rapid technological changes, and significant fluctuations in capital expenditures by semiconductor manufacturers, third-party foundries, and test and assembly providers. Any downturn or slowdown in the semiconductor industry, or a shift in technology that reduces the demand for inTest's specialized testing and process solutions, could materially and adversely impact the company's revenue and profitability.
  2. Technological Obsolescence and Innovation Requirements: As a provider of test and process solutions for industries such as semiconductors, automotive, defense/aerospace, and life sciences, inTest operates in environments where technology evolves rapidly. The company's continued success relies on its ability to anticipate and adapt to these advancements by developing and enhancing its product offerings, including its manipulators, docking hardware, tester interfaces, thermal management tools, and induction heating systems. Failure to innovate, keep pace with new industry standards, or meet evolving customer requirements could lead to its products becoming obsolete, resulting in a loss of market share and competitive disadvantage.
```

AI Analysis | Feedback

null

AI Analysis | Feedback

inTest Corporation (INTT) participates in several addressable markets for its diverse product and service offerings, including semiconductor test equipment, thermal management solutions, ultra-cold storage solutions, and induction heating systems.

Semiconductor Test Equipment Market

  • The global semiconductor test equipment market was valued at USD 7.65 billion in 2025 and is projected to grow to USD 14.38 billion by 2034.
  • Another estimate places the global semiconductor test equipment market size at USD 15.06 billion in 2025, with a projected increase to USD 21.59 billion by 2031.
  • The semiconductor automated test equipment (ATE) segment, a component of the broader market, was estimated at USD 5.46 billion globally in 2024 and is expected to reach USD 8.35 billion by 2032, growing at a CAGR of 5.45% from 2025.
  • North America is projected to lead the global semiconductor automated test equipment market, holding a 56.90% share in 2024.

Thermal Management Market

  • The global thermal management technologies market was valued at USD 14.10 billion in 2023 and is expected to grow to USD 37.35 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 10.23%.
  • More specifically, the global industrial thermal management market was valued at USD 9.1 billion in 2024 and is anticipated to reach USD 20.2 billion by 2035 from USD 9.8 billion in 2025, with a CAGR of 7.5%.
  • North America was the largest revenue-generating market for thermal management technologies in 2023.

Ultra-Cold Storage Solutions Market

  • The global cold storage market size was estimated at USD 185.75 billion in 2025 and is projected to reach USD 474.21 billion by 2033, growing at a CAGR of 11.8% from 2026.
  • North America led the global cold storage market, accounting for a 33.6% revenue share in 2025.

Induction Heating Systems Market

  • The global induction heating system market was estimated at USD 2.3 billion in 2025 and is projected to grow to USD 4.1 billion by 2035, at a CAGR of 6.2%.
  • The U.S. market for induction heating systems dominated North America with approximately a 72% share in 2025, generating USD 371.4 million in revenue.

AI Analysis | Feedback

inTest Corporation (INTT) is expected to drive future revenue growth over the next 2-3 years through several key strategies, including continued diversification into non-semiconductor markets, strategic acquisitions and the integration of new businesses, the introduction of innovative new products, and ongoing geographic expansion.

Here are the key drivers:

  • Diversification into Non-Semiconductor Markets: inTest is actively expanding its presence in industrial, life sciences, defense/aerospace, and automotive/EV markets. This diversification strategy has been highlighted as effective in mitigating the impact of semiconductor market weakness, with nearly 80% of Q4 2025 revenue derived from these non-semi sectors. Management expects continued growth from these markets.
  • Strategic Acquisitions and Integration: The company's growth strategy heavily relies on strategic acquisitions, such as the March 2024 purchase of Alfamation S.p.A., which significantly boosted its presence in the automotive/EV and life sciences sectors and expanded its European footprint. Acquisitions like Alfamation and Acculogic are already contributing to top-line growth and expanding inTest's capabilities in areas like EV battery testing and circuit board validation. InTest's Vision 2030 includes a goal of $50 million to $60 million in acquired revenue, plus an additional $10 million to $20 million from future acquisitions.
  • New Product Development and Innovation: A core component of inTest's Vision 2030 strategy is to derive 25% of its total revenue from new products developed and launched within the preceding five years. The company is focused on innovation, including the development of advanced solutions like the Hover Sense Non-Contact Probe Testing technology for EV battery testing and next-generation induction heating systems. The integration of AI capabilities into products to enhance diagnostics and optimize performance is also underway.
  • Geographic Expansion: inTest is actively pursuing expansion into new geographical territories and strengthening its global distribution networks. The acquisition of Alfamation expanded its reach within Europe. Additionally, the company is progressing with the build-out of a new facility in Malaysia, aiming to enhance its position in Southeast Asia. These efforts are designed to broaden market reach and create resilient diversification.

AI Analysis | Feedback

Share Repurchases

  • On November 20, 2023, inTEST's Board of Directors authorized a share repurchase plan of up to $10 million.

Share Issuance

  • In 2024, inTEST issued 187,432 shares of its common stock, valued at $2.1 million, as part of the consideration for the acquisition of Alfamation S.p.A.
  • The company reported the issuance of unvested shares of restricted stock awards amounting to $1.04 million in 2025 and $1.58 million in 2024.

Outbound Investments

  • In 2024, inTEST acquired Alfamation S.p.A. for approximately €20 million, which included €18 million in cash (approximately $19.7 million) and 187,432 shares of inTEST common stock (valued at $2.1 million). This acquisition aimed to expand its automotive test capabilities and enter the consumer electronics market.
  • The company's Vision 2030 strategy includes the pursuit of acquisitions for inorganic growth opportunities.

Capital Expenditures

  • Capital expenditures were $0.5 million in the fourth quarter of 2025.
  • For the full year 2026, capital expenditures are estimated to be approximately 1% to 2% of the projected revenue, which is between $125 million and $130 million.
  • InTest invested $9.4 million in 2025 and $8.5 million in 2024 in engineering and product development.

Better Bets vs. inTest (INTT)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1inTest Earnings Notes12/16/2025
2How Low Can inTest Stock Really Go?10/17/2025
Title
0ARTICLES

Recent Active Movers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

INTTKEYSROPTDYZBRACGNXMedian
NameinTest Keysight.Roper Te.Teledyne.Zebra Te.Cognex  
Mkt Price14.67329.83332.18602.27232.1160.82280.97
Mkt Cap0.256.434.627.911.410.119.6
Rev LTM1216,0888,1156,2265,5831,0475,836
Op Inc LTM11,1062,2791,185826196966
FCF LTM-41,3572,4911,054836241945
FCF 3Y Avg61,1982,254976650160813
CFO LTM-21,4892,6041,1839152501,049
CFO 3Y Avg71,3412,3661,083726175905

Growth & Margins

INTTKEYSROPTDYZBRACGNXMedian
NameinTest Keysight.Roper Te.Teledyne.Zebra Te.Cognex  
Rev Chg LTM-5.0%19.2%12.1%7.9%9.2%13.8%10.6%
Rev Chg 3Y Avg-0.9%3.5%13.4%4.1%0.8%4.7%3.8%
Rev Chg Q27.2%31.5%11.3%7.6%14.3%24.3%19.3%
QoQ Delta Rev Chg LTM6.4%7.2%2.7%1.8%3.5%5.3%4.4%
Op Inc Chg LTM316.5%28.6%11.7%11.1%4.2%54.7%20.1%
Op Inc Chg 3Y Avg58.7%-5.1%13.3%6.2%3.7%7.2%6.7%
Op Mgn LTM1.1%18.2%28.1%19.0%14.8%18.8%18.5%
Op Mgn 3Y Avg2.5%18.6%28.3%18.6%14.1%15.4%17.0%
QoQ Delta Op Mgn LTM3.7%2.2%-0.2%0.2%-0.0%2.4%1.2%
CFO/Rev LTM-1.3%24.5%32.1%19.0%16.4%23.9%21.4%
CFO/Rev 3Y Avg5.8%24.6%32.7%18.4%13.9%18.2%18.3%
FCF/Rev LTM-3.0%22.3%30.7%16.9%15.0%23.0%19.6%
FCF/Rev 3Y Avg4.6%22.0%31.1%16.6%12.4%16.6%16.6%

Valuation

INTTKEYSROPTDYZBRACGNXMedian
NameinTest Keysight.Roper Te.Teledyne.Zebra Te.Cognex  
Mkt Cap0.256.434.627.911.410.119.6
P/S1.59.34.34.52.09.74.4
P/Op Inc129.251.015.223.513.851.637.3
P/EBIT195.043.813.823.516.651.633.6
P/E304.253.520.229.927.271.041.7
P/CFO-117.137.913.323.612.440.518.4
Total Yield0.3%1.9%6.0%3.3%3.7%2.0%2.6%
Dividend Yield0.0%0.0%1.1%0.0%0.0%0.5%0.0%
FCF Yield 3Y Avg4.7%3.8%4.6%4.1%5.3%2.4%4.3%
D/E0.10.00.30.10.30.00.1
Net D/E0.00.00.30.10.2-0.00.0

Returns

INTTKEYSROPTDYZBRACGNXMedian
NameinTest Keysight.Roper Te.Teledyne.Zebra Te.Cognex  
1M Rtn-11.7%-7.1%-5.7%-4.5%1.5%-7.6%-6.4%
3M Rtn10.8%21.1%-9.4%-7.0%5.7%23.2%8.2%
6M Rtn86.4%56.7%-25.4%15.3%-12.3%58.8%36.0%
12M Rtn138.5%103.7%-41.6%20.3%-21.4%102.2%61.3%
3Y Rtn-39.1%104.3%-24.9%51.3%-16.4%11.5%-2.4%
1M Excs Rtn-16.0%-10.3%-5.4%-6.8%0.8%-2.4%-6.1%
3M Excs Rtn1.2%11.5%-18.9%-16.6%-3.9%13.6%-1.3%
6M Excs Rtn81.3%51.8%-33.0%11.7%-18.3%54.0%31.8%
12M Excs Rtn102.0%81.1%-64.7%-2.8%-43.9%81.7%39.2%
3Y Excs Rtn-105.4%27.2%-102.1%-21.7%-88.3%-63.5%-75.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Electronic Test64    
Process Technologies38    
Environmental Technologies29    
Corporate & Other0    
Total131    


Operating Income by Segment
$ Mil20252024202320222021
Electronic Test9    
Process Technologies5    
Environmental Technologies2    
Corporate & Other-12    
Total3    


Assets by Segment
$ Mil20252024202320222021
Electronic Test76333126 
Process Technologies51575752 
Environmental Technologies21171815 
Corporate & Other5294102
Electromechanical Semiconductor("EMS")    10
Thermal    51
Total15213511010462


Price Behavior

Price Behavior
Market Price$14.67 
Market Cap ($ Bil)0.2 
First Trading Date06/17/1997 
Distance from 52W High-22.4% 
   50 Days200 Days
DMA Price$16.57$10.82
DMA Trendupup
Distance from DMA-11.4%35.5%
 3M1YR
Volatility81.3%64.2%
Downside Capture281.72115.63
Upside Capture222.74190.92
Correlation (SPY)39.9%28.8%
INTT Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta2.582.841.941.531.491.26
Up Beta1.893.082.262.432.131.05
Down Beta-1.471.151.180.271.081.42
Up Capture124%230%280%312%280%140%
Bmk +ve Days13283667141432
Stock +ve Days7193167128372
Down Capture662%396%145%79%93%109%
Bmk -ve Days7132757109318
Stock -ve Days13223156117371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with INTT
INTT130.8%64.2%1.56-
Sector ETF (XLK)53.4%22.0%1.8632.6%
Equity (SPY)25.3%12.1%1.5732.3%
Gold (GLD)27.6%26.9%0.8820.3%
Commodities (DBC)36.9%19.0%1.521.8%
Real Estate (VNQ)12.5%13.3%0.639.3%
Bitcoin (BTCUSD)-42.0%42.5%-1.169.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with INTT
INTT1.2%59.0%0.26-
Sector ETF (XLK)22.1%25.1%0.7836.5%
Equity (SPY)13.5%17.1%0.6236.6%
Gold (GLD)17.3%18.1%0.7813.1%
Commodities (DBC)9.5%19.4%0.3810.6%
Real Estate (VNQ)3.2%18.8%0.0722.8%
Bitcoin (BTCUSD)11.3%54.6%0.4020.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with INTT
INTT14.3%56.7%0.47-
Sector ETF (XLK)24.8%24.6%0.9129.4%
Equity (SPY)15.3%17.9%0.7330.1%
Gold (GLD)13.0%16.0%0.677.9%
Commodities (DBC)7.1%18.0%0.3211.2%
Real Estate (VNQ)5.6%20.7%0.2419.8%
Bitcoin (BTCUSD)63.3%66.9%1.0310.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 430202626.5%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity12.3 Mil
Short % of Basic Shares1.2%

Returns Analyses

Earnings Returns History

Updated 6/7/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-11.9%-5.3%-10.2%
2/27/202616.6%32.3%40.4%
11/5/2025-3.5%-6.6%-9.0%
8/6/20250.0%2.5%2.7%
5/2/2025-4.2%3.1%1.4%
3/7/2025-4.1%-3.1%-27.1%
11/1/20244.3%10.9%5.6%
8/2/2024-22.7%-31.5%-28.7%
...
SUMMARY STATS   
# Positive101112
# Negative141312
Median Positive4.2%8.7%14.4%
Median Negative-4.1%-6.6%-9.3%
Max Positive16.6%32.3%40.9%
Max Negative-22.7%-31.5%-28.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/11/202610-Q
12/31/202503/12/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/13/202510-K
09/30/202411/06/202410-Q
06/30/202408/09/202410-Q
03/31/202405/09/202410-Q
12/31/202303/27/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/22/202310-K
09/30/202211/14/202210-Q
06/30/202208/11/202210-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue32.00 Mil33.00 Mil34.00 Mil   
Q2 2026 Operating Margin 45.0%    
Q2 2026 Operating Expenses13.80 Mil14.00 Mil14.20 Mil   
2026 Revenue130.00 Mil132.50 Mil135.00 Mil3.9% RaisedGuidance: 127.50 Mil for 2026
2026 Operating Margin 45.0% 00AffirmedGuidance: 45.0% for 2026
2026 Operating Expenses55.00 Mil56.00 Mil57.00 Mil3.7% RaisedGuidance: 54.00 Mil for 2026
2026 Amortization Expense 2.60 Mil 0 AffirmedGuidance: 2.60 Mil for 2026
2026 Interest Expense 0.30 Mil 0 AffirmedGuidance: 0.30 Mil for 2026
2026 Effective Tax Rate 18.0% 00AffirmedGuidance: 18.0% for 2026
2026 Capital Expenditures0.010.010.0200AffirmedGuidance: 0.01 for 2026

Prior: Q4 2025 Earnings Reported 2/27/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue31.00 Mil32.00 Mil33.00 Mil3.2% RaisedGuidance: 31.00 Mil for Q4 2025
Q1 2026 Gross Margin 44.0% 2.3%1.0%RaisedGuidance: 43.0% for Q4 2025
Q1 2026 Operating Expenses13.30 Mil13.50 Mil13.70 Mil8.0% RaisedGuidance: 12.50 Mil for Q4 2025
Q1 2026 Amortization Expense 0.80 Mil    
2026 Revenue125.00 Mil127.50 Mil130.00 Mil   
2026 Gross Margin 45.0%    
2026 Operating Expenses53.00 Mil54.00 Mil55.00 Mil   
2026 Amortization Expense 2.60 Mil    
2026 Interest Expense 0.30 Mil    
2026 Effective Tax Rate 18.0%    
2026 Capital Expenditures0.010.010.02   

Insider Activity

Updated 4/29/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Grant, Richard N JRPresident & CEODirectSell318202614.281,63623,3603,037,572Form
2Grant, Richard N JRPresident & CEODirectSell311202614.161,39719,7872,644,712Form
3Grant, Richard N JRPresident & CEODirectSell311202613.331,09714,6192,506,855Form
4Maginnis, Gerald J DirectBuy111920257.446,00044,640625,384Form
5Dews, Joseph W IV DirectBuy51420255.864,00023,440692,945Form

Industry Resources

Information Technology Resources
TechCrunch
Wired
CIO
MIT Technology Review
Gartner Insights
Ars Technica
Semiconductor Materials & Equipment Resources
SEMI
Semiconductor Digest
Semiconductor Today

External Quote Links


Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 6/6/2026