Reading INTT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track INTT free→Reading INTT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track INTT free→AMEXInformation TechnologySemiconductor Equipment & MaterialsSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality is fragile, reported profits aren't backed by cash. Management's recent track record has been fairly steady, while risk is elevated. The sector backdrop is a tailwind, and compared with sector peers, INTT is typical. Peer multiples imply a price about 18% above where it trades (it looks cheap on this basis); the read is fair, but weakening. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 5 valuation methods, at three horizons. Current price $18.58. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $19 INTT trades at 56× p/e, below its 63× p/e peer median. Our $23 fair value sits above the price; high confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 18% below a flat-multiple fair value, below our forecast of about -6%. This describes what's priced in, not a forecast of the move.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
Over the trailing year it converted -2.59x of net income into operating cash flow. Historically, Information Technology names rated fragile grew net income 46% of the time over the next year (vs 65% for the rest of the cohort, n=2129).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.10 → $0.10 (+0.0% / 30d). 1 raised, 0 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d. 67% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$288.
How much price usually moves either way.
On a bad day, this stock has moved -$618.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,238.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: A drop in sector revenue growth could signal a slowdown for inTEST Corp and its peers.
Confirms:Sector revenue growth has been below its median for two months in a row.
Disproves:Sector revenue growth remains above its median for two consecutive months.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for INTT yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 5, 2026, InTest Corporation (the “Company”) issued a press release regarding its financial results for the first quarter and year ended March 31, 2026. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under such section and shall not be deemed to…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Semiconductor Materials & Equipment.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
INTT inTEST Corp | Typical Show detailsSector percentile: 65 of 100 | fair | elevated |
ASML ASML Holding N.V. | — | — | moderate |
LRCX Lam Research | Typical Show detailsSector percentile: 70 of 100 | full | elevated |
AMAT Applied Materials | Above typical Show detailsSector percentile: 84 of 100 | full | elevated |
KLAC KLA Corporation | Above typical Show detailsSector percentile: 98 of 100 | inexpensive | high |
5 material management or governance events in the past 24 months, led by executive changes. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
Not investment advice. As of 2026-06-15.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Management aims to increase full-year 2026 revenue to between $130 million and $135 million.
Stated in 2 of last 2 quarters. Revenue grew from $32.8M in 2025-Q4 to $33.9M in 2026-Q1, indicating progress towards the $130M-$135M target for 2026. The trajectory shows delivering growth.
“we are raising our full year 2026 revenue outlook to $130 million to $135 million”
“For full year 2026, InTest expects revenue to be between $125 million to $130 million”
The company aims to maintain a gross margin of approximately 45% for the fiscal year 2026.
Stated in 2 of last 2 quarters. Gross profit increased from $14.9M in 2025-Q4 to $15.4M in 2026-Q1, supporting the goal of maintaining a 45% gross margin. The trajectory is delivering on margin stability.
“the Company expects gross margin of approximately 45%”
Management plans to control operating expenses within the range of $55 million to $57 million for the fiscal year 2026.
Stated in 2 of last 2 quarters. Operating income decreased from $1.28M in 2025-Q4 to $0.95M in 2026-Q1, indicating challenges in controlling expenses within the $55M-$57M range. Limited progress so far.
“operating expenses of $55 million to $57 million for the year”
Why it matters: The earnings report will show if the company's revenue and profit trends are improving or worsening.
Confirms one read:Earnings report shows revenue growth above 5% year over year.
Confirms the other:Earnings report shows revenue growth below 0% year over year.
Entry into a Material Definitive Agreement The information set forth in
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant As previously disclosed, the Company entered into an Amended and Restated Loan and Security Agreement (the “Original Credit Agreement”) with M&T Bank (“M&T”) on October 15, 2021. The Original Credit Agreement was amended by the Joinder and Amendment to Amended and Restated Loan and Security Agreement, dated October 28, 2021, the Joinder and Second Amendment to Amended and Restated…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 31, 2026, Richard N. Grant, Jr. stepped down as President and Chief Executive Officer of InTest Corporation (the “Company”) and from his director position on the Company’s Board of Directors (the “Board”) effective immediately. Mr. Grant’s departure from the Board was pursuant to the terms of his offer letter dated July 24, 2020 (the “offe…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 6, 2026, Gerald J. Maginnis, a Director on the Board of Directors (the “Board”) of InTest Corporation (the “Company”), Chairman of the Audit Committee of the Board and member of the Compensation Committee and Nominating and Corporate Governance Committee of the Board notified the Company of his intention not to stand for re-election to the…
“InTest expects... gross margin of approximately 45%”
“InTest expects... operating expenses of $53 million to $55 million”