Form 8-K

8-K — INTEST CORP

Accession: 0001036262-26-000042

Filed: 2026-08-10

Period: 2026-08-10

CIK: 0001036262

SIC: 3825 (INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — intt-20260810.htm (Primary)

EX-99.1 (intt-20260810xexx991.htm)

GRAPHIC — INTT IMAGE (intt-logoxred.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: intt-20260810.htm · Sequence: 1

intt-20260810

FALSE000103626200010362622026-08-102026-08-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

August 10, 2026

Date of Report (Date of earliest event reported)

InTest Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware 001-36117 22-2370659

(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

804 East Gate Drive, Suite 200, Mt. Laurel, New Jersey 08054

(Address of Principal Executive Offices, including zip code)

(856) 505-8800

(Registrant's Telephone Number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class Trading Symbol Name of Each Exchange on Which Registered

Common Stock, par value $0.01 per share INTT NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02. Results of Operations and Financial Condition.

On August 10, 2026, InTest Corporation (the “Company”) issued a press release regarding its financial results for the second quarter ended June 30, 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 be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01. Financial Statements and Exhibits

(d)Exhibits

Exhibit No. Description

99.1

2026 Second Quarter Results Press Release dated August 10, 2026.

104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

__________________________________________________________________________

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

InTest CORPORATION

By: /s/ Duncan Gilmour

Duncan Gilmour

Chief Financial Officer, Treasurer and Secretary

Date: August 10, 2026

EX-99.1

Filename: intt-20260810xexx991.htm · Sequence: 2

Document

Exhibit 99.1

NEWS RELEASE

804 EAST GATE DRIVE, SUITE 200, MOUNT LAUREL, NJ 08054

FOR IMMEDIATE RELEASE

InTest Reports Strong Second Quarter 2026 Revenue of $35.3 Million

EPS of $0.04 and Adjusted EPS (Non-GAAP) of $0.09

•Second quarter revenue up 25.5% year-over-year, driven largely by strength in the Auto/EV market

•Backlog1 of $45.4 million increased 19.8% year-over-year

•Net earnings of $0.5 million, up 194.2% year-over-year, Adjusted EBITDA (Non-GAAP)2 of $2.2 million, up 73.7% year-over-year

•Revising first quarter ending inventory, cost of revenue, gross profit, gross margin, income tax expense, net earnings and EPS as previously announced

•Reiterates full-year 2026 Revenue Outlook of $135 million to $140 million

MT. LAUREL, NJ – August 10, 2026 – InTest Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include semiconductor (“Semi”), Auto/EV, Defense/Aerospace, Industrial, Life Sciences, and Safety/Security, today announced financial results for the second quarter of 2026 ended June 30, 2026.

“We delivered second-quarter revenue of $35.3 million, up 25.5% year-over-year, our third consecutive quarter of sequential growth and our second straight quarter of year-over-year growth above 25%,” stated Rich Rogoff, President and CEO. “Strong Auto/EV project delivery and the diversification we have built across our end markets powered the result, with non-semiconductor markets contributing approximately 74% of revenue that drove an approximate 74% increase in Adjusted EBITDA2 year-over-year. This is the diversified growth profile we are building for InTest.

“Our leading indicators point to a strengthening second half,” continued Mr. Rogoff. “Semiconductor orders were the standout and have increased approximately 56% sequentially and approximately 64% year-over-year, making the second quarter our strongest Semi order intake in six quarters as the demand we have been building into our funnel has started to convert into orders. With backlog of $45.4 million, up 19.8% year-over-year, expanding Defense/Aerospace opportunities tied to higher U.S. Department of Defense spending, and healthy Auto/EV activity supported by rising electronic content, we entered the third quarter with momentum across our divisions.

1 Orders and Backlog are key performance metrics. See “Key Performance Indicators” below for important disclosures regarding InTest’s use of these metrics.

2 Adjusted net earnings (loss), adjusted EPS, adjusted EBITDA, and adjusted EBITDA margin are non-GAAP financial measures. Further information can be found under “Non-GAAP Financial Measures.” See also the reconciliations of GAAP financial measures to non-GAAP financial measures that accompany this press release.

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InTest Reports Second Quarter 2026

Page 2 of 12

August 10, 2026

Second Quarter 2026 Review (see revenue by market and by segments in accompanying tables)

Three Months Ended

($ in thousands except percentages and per share data) June 30, June 30, Change March 31, Change

2026 2025 $ %

2026†

$ %

Revenue $ 35,313 $ 28,130 $ 7,183 25.5 % $ 33,886 $ 1,427 4.2 %

Gross profit $ 14,298 $ 11,973 $ 2,325 19.4 % $ 14,658 $ (360) (2.5 %)

Gross margin 40.5 % 42.6 % 43.3 %

Operating expenses (including intangible amortization & restructuring)

$ 13,935 $ 12,900 $ 1,035 8.0 % $ 14,454 $ (519) (3.6 %)

Operating income (loss) $ 363 $ (927) $ 1,290 139.2 % $ 204 $ 159 77.9 %

Operating margin 1.0 % (3.3 %) 0.6 %

Net earnings (loss) $ 474 $ (503) $ 977 194.2 % $ 183 $ 291 159.0 %

Net margin 1.3 % (1.8 %) 0.5 %

Earnings (loss) per diluted share (“EPS”)

$ 0.04 $ (0.04) $ 0.08 200.0 % $ 0.01 $ 0.03 300.0 %

Adjusted net earnings (Non-GAAP)2

$ 1,091 $ 417 $ 674 161.6 % $ 1,412 $ (321) (22.7 %)

Adjusted EPS (Non-GAAP)2

$ 0.09 $ 0.03 $ 0.06 200.0 % $ 0.11 $ (0.02) (18.2 %)

Adjusted EBITDA (Non-GAAP)2

$ 2,192 $ 1,262 $ 930 73.7 % $ 2,415 $ (223) (9.2 %)

Adjusted EBITDA margin (Non-GAAP)2

6.2 % 4.5 % 7.1 %

† March 31, 2026 as revised

Revenue for the second quarter increased $1.4 million over the first quarter of 2026, reflecting higher Auto/EV and Industrial revenue, partially offset by lower Defense/Aerospace, Life Sciences and Semi revenue. Compared to the prior-year period, second quarter revenue increased $7.2 million with growth primarily in Auto/EV, partially offset by decreases primarily in Semi.

Gross margin declined by 280 basis points sequentially to 40.5%, reflecting a shift in product mix toward higher-volume, lower-margin Auto/EV revenue. Compared to the prior-year period, gross margin declined 210 basis points reflecting the same shift in mix toward lower-margin Auto/EV revenue.

Operating expenses decreased $0.5 million sequentially due primarily to $0.7 million in non-recurring restructuring costs associated with our CEO transition in the first quarter of 2026 but increased $1.0 million year-over-year, due primarily to higher selling, general and administrative and engineering expense due primarily to higher payroll, payroll related costs and commissions.

Net earnings for the second quarter were $0.5 million, or $0.04 per diluted share. Adjusted net earnings (Non-GAAP)2 were $1.1 million, or $0.09 adjusted EPS (Non-GAAP)2.

Balance Sheet and Cash Flow Review

Cash and cash equivalents at the end of the second quarter of 2026 totaled $22.1 million, up $6.4 million from the end of the first quarter. During the quarter, we reduced our term debt by $1.0 million from March 31, 2026, and provided $6.3 million from operating activities to invest in working capital. Capital expenditures were $0.4 million in the second quarter of 2026.

At June 30, 2026, the Company had $30.0 million available under its delayed draw term loan facility and no borrowings under the $10.0 million revolving credit facility. On May 4, 2026, we amended the facility, effective as of April 30, 2026, to extend our ability to draw on the Term Note through August 28, 2026. At June 30, 2026, we were in compliance with all of the covenants included in the Loan Agreement.

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InTest Reports Second Quarter 2026

Page 3 of 12

August 10, 2026

Second Quarter 2026 Orders1 and Backlog1 (see Orders by Market in accompanying tables)

Three Months Ended

June 30, June 30, Change March 31, Change

($ in thousands except percentages) 2026 2025 $ % 2026 $ %

Orders $ 28,871 $ 27,759 $ 1,112 4.0 % $ 31,785 $ (2,914) (9.2 %)

Backlog (at quarter end)

$ 45,373 $ 37,861 $ 7,512 19.8 % $ 51,815 $ (6,442) (12.4 %)

Second quarter orders of $28.9 million decreased sequentially with lower Auto/EV and Defense/Aerospace orders partially offset primarily by increases in Semi and Other. The year-over-year increase of $1.1 million reflects strength primarily in Semi and Defense/Aerospace partially offset primarily by the decline in Auto/EV and Life Sciences.

Backlog at June 30, 2026, was $45.4 million, a decrease of 12.4% from March 31, 2026, but an increase of 19.8% compared to June 30, 2025. Approximately 45% of the backlog is expected to ship beyond the third quarter of 2026.

Third Quarter 2026 and Raised Full Year 2026 Outlook

Mr. Rogoff concluded, “We are reiterating the full-year 2026 guidance we updated on July 31, which raised our revenue outlook to approximately 21% growth at the midpoint over 2025's $113.8 million, and modestly reduced our gross margin expectation. This outlook reflects diversified demand supported by our backlog, along with improving order flow and product mix in the second half. Above all, our goal is to convert the commercial momentum we are seeing into steadier Adjusted EBITDA2 growth as we gain operating leverage and continue to scale the business. This is where our focus rests for the balance of the year."

For the third quarter of 2026, InTest projects revenue to be $33.0 million to $35.0 million, with gross margin of approximately 44%, and operating expenses of $13.8 million to $14.2 million. Amortization expense is expected to be $0.5 million.

Reflecting its recently revised full-year 2026 financial guidance, the Company expects revenue of $135.0 million to $140.0 million; gross margin of approximately 43%; operating expenses of $55.0 million to $57.0 million; amortization expense of $2.6 million; interest expense of $0.3 million; an effective tax rate of approximately 18%; and capital expenditures estimated at approximately 1% to 2% of revenue.

The foregoing guidance is based on management’s current views with respect to operating and market conditions and customers’ forecasts. Actual results may differ materially from what is provided here today as a result of, among other things, the factors described under “Forward-Looking Statements” below.

Conference Call and Webcast

The Company will host a conference call and webcast today at 8:30 a.m. ET. During the conference call, management will review the financial and operating results and discuss InTest’s corporate strategy and outlook. A question-and-answer session will follow. To listen to the live call, dial (877) 407-0792 or (201) 689-8263. In addition, the webcast and slide presentation may be found at https://www.intest.com/investor-relations.

A telephonic replay will be available from 12:30 p.m. ET on the day of the call through Monday, August 24, 2026. To listen to the archived call, dial (844) 512-2921 or (412) 317-6671 and enter replay pin number 113760855. The webcast replay can be accessed via the investor relations section of https://www.intest.com/, where a transcript will also be posted once available.

About InTest Corporation

InTest Corporation is a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets including both the front-end and back-end of the semiconductor manufacturing industry (“Semi”), Automotive/EV, Defense/Aerospace, Industrial, Life Sciences and Safety/Security. Backed by decades of engineering expertise and a culture of operational excellence, InTest solves difficult thermal, mechanical, and electronic challenges for customers worldwide. InTest’s growth strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, customer penetration and market expansion. For more information, visit https://www.intest.com/.

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InTest Reports Second Quarter 2026

Page 4 of 12

August 10, 2026

Non-GAAP Financial Measures

In addition to disclosing results that are determined in accordance with generally accepted accounting practices in the United States (“GAAP”), we also disclose non-GAAP financial measures. These non-GAAP financial measures consist of adjusted net earnings (loss), adjusted earnings (loss) per diluted share (“adjusted EPS”), adjusted EBITDA, and adjusted EBITDA margin.

The Company defines these non-GAAP measures as follows:

─Adjusted net earnings (loss) is derived by adding acquired intangible amortization, restructuring costs, and the tax effect of the adjusting items, to net earnings (loss).

─Adjusted earnings (loss) per diluted share is derived by dividing adjusted net earnings (loss) by diluted weighted average shares outstanding.

─Adjusted EBITDA is derived by adding acquired intangible amortization, restructuring costs, net interest expense, income tax expense, depreciation, and stock-based compensation expense to net earnings.

─Adjusted EBITDA margin is derived by dividing adjusted EBITDA by revenue.

These results are provided as a complement to the results provided in accordance with GAAP. Adjusted net earnings (loss) and adjusted earnings (loss) per diluted share (“adjusted EPS”) are non-GAAP financial measures presented to provide investors with meaningful, supplemental information regarding our baseline performance before acquired intangible amortization, and restructuring costs as management believes these expenses may not be indicative of our underlying operating performance. Adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures presented primarily as a measure of liquidity as they exclude non-cash charges for acquired intangible amortization, depreciation and stock-based compensation. In addition, adjusted EBITDA and adjusted EBITDA margin also exclude the impact of restructuring costs, interest income or expense and income tax expense or benefit, as management believes these expenses may not be indicative of our underlying operating performance.

Management’s Use of Non-GAAP Measures

The non-GAAP financial measures presented in this press release are used by management to make operational decisions, to forecast future operational results, and for comparison with our business plan, historical operating results and the operating results of our peers. Reconciliations from net earnings (loss) and earnings (loss) per diluted share (“EPS”) to adjusted net earnings (loss) and adjusted earnings (loss) per diluted share (“adjusted EPS”) and from net earnings (loss) and net margin to adjusted EBITDA and adjusted EBITDA margin, are contained in the tables below.

Management believes these Non-GAAP financial measures are important in evaluating our performance, results of operations, and financial position. We use non-GAAP financial measures to supplement our GAAP results to provide a more complete understanding of the factors and trends affecting our business. Non-GAAP measures as presented in this press release may differ from and may not be comparable to similarly titled measures used by other companies.

Key Performance Indicators

In addition to the foregoing non-GAAP measures, management uses orders and backlog as key performance metrics to analyze and measure the Company’s financial performance and results of operations. Management uses orders and backlog as measures of current and future business and financial performance, and these may not be comparable with measures provided by other companies. Orders represent written communications received from customers requesting the Company to provide products and/or services. Backlog is calculated based on firm purchase orders we receive for which revenue has not yet been recognized. Management believes tracking orders and backlog are useful as they are often leading indicators of future performance. In accordance with industry practice, contracts may include provisions for cancellation, termination, or suspension at the discretion of the customer.

Given that each of orders and backlog are operational measures and that the Company’s methodology for calculating orders and backlog does not meet the definition of a non-GAAP measure, as that term is defined by the U.S. Securities and Exchange Commission, a quantitative reconciliation for each is not required or provided.

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InTest Reports Second Quarter 2026

Page 5 of 12

August 10, 2026

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company’s plans, strategies and intentions, or our future performance or goals, that are based upon management’s current expectations. These forward-looking statements can often be identified by the use of forward-looking terminology such as “believe,” “continue,” “expects,” “goal,” “guidance,” “may,” “outlook,” “will,” “plan,” “potential,” “strategy,” “target,” “estimated,” or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, any mentioned in this press release as well as the impact of a material weakness in the Company’s internal controls over financial reporting; the Company’s ability to execute on its VISION 2030 Strategy; realize the potential benefits of acquisitions and successfully integrate any acquired operations; grow the Company’s presence in its key target and international markets; manage supply chain challenges; convert backlog to sales and to ship product in a timely manner; the success of the Company’s strategy to diversify its markets; the impact of inflation on the Company’s business and financial condition; indications of a change in the market cycles in the semi market or other markets served; changes in business conditions and general economic conditions both domestically and globally including changes in U.S. and/or foreign trade policy, rising interest rates and fluctuation in foreign currency exchange rates; changes in the demand for semiconductors; access to capital and the ability to borrow funds or raise capital to finance potential acquisitions or for working capital; changes in the rates and timing of capital expenditures by the Company’s customers; and other risk factors set forth from time to time in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement made by the Company in this press release is based only on information currently available to management and speaks to circumstances only as of the date on which it is made. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events, except as required by law.

Contacts:

InTest Corporation Investors:

Duncan Gilmour Jody Burfening / Sanjay M. Hurry

Chief Financial Officer and Treasurer Alliance Advisors IR

Tel: (856) 505-8999 INTTIR@allianceadvisors.com

Tel: (212) 838-3777

– FINANCIAL TABLES FOLLOW –

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InTest Reports Second Quarter 2026

Page 6 of 12

August 10, 2026

InTest Corporation

Consolidated Statements of Operations

(Unaudited)

Three Months Ended Six Months Ended

June 30, June 30,

(In thousands, except share and per share data) 2026 2025 2026 2025

Revenue $ 35,313 $ 28,130 $ 69,199 $ 54,767

Cost of revenue 21,015 16,157 40,243 31,738

Gross profit 14,298 11,973 28,956 23,029

Operating expenses:

Selling expense 4,497 3,829 8,717 8,376

Engineering and product development expense 2,501 2,245 5,089 4,693

General and administrative expense 6,208 5,760 12,332 11,576

Amortization of acquired intangible assets 699 850 1,477 1,663

Restructuring costs 30 216 774 529

Total operating expenses 13,935 12,900 28,389 26,837

Operating income (loss) 363 (927) 567 (3,808)

Interest expense (63) (119) (143) (271)

Other (expense) income (51) 463 52 707

Earnings (loss) before income tax benefit 249 (583) 476 (3,372)

Income tax benefit (225) (80) (181) (540)

Net earnings (loss) $ 474 $ (503) $ 657 $ (2,832)

Earnings (loss) per common share:

Basic $ 0.04 $ (0.04) $ 0.05 $ (0.23)

Diluted $ 0.04 $ (0.04) $ 0.05 $ (0.23)

Weighted average common shares outstanding:

Basic 12,314,633 12,215,258 12,284,334 12,197,338

Diluted 12,582,221 12,215,258 12,501,783 12,197,338

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InTest Reports Second Quarter 2026

Page 7 of 12

August 10, 2026

InTest Corporation

Consolidated Balance Sheets

June 30,

2026 December 31,

2025

(In thousands, except share and per share data) (Unaudited)

ASSETS

Current assets:

Cash and cash equivalents $ 22,102 $ 14,216

Restricted cash — 3,842

Trade accounts receivable, net of allowance for credit losses of $338 and $375, respectively

26,860 25,891

Inventories 27,923 31,580

Prepaid expenses and other current assets 3,010 3,109

Total current assets 79,895 78,638

Property and equipment, net of accumulated depreciation of $10,577 and $10,083, respectively

4,913 4,778

Right-of-use assets, net 8,153 9,098

Goodwill 31,965 32,359

Intangible assets, net 22,983 24,876

Deferred tax assets 746 775

Other assets 450 789

Total assets $ 149,105 $ 151,313

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Current portion of long-term debt $ 5,348 $ 6,062

Current portion of operating lease liabilities 2,135 2,098

Accounts payable 7,972 11,205

Customer deposits and deferred revenue 5,455 6,388

Domestic and foreign income taxes payable 39 —

Accrued expenses and other current liabilities 11,178 10,002

Total current liabilities 32,127 35,755

Operating lease liabilities, net of current portion 6,408 7,402

Long-term debt, net of current portion 895 1,406

Contingent consideration, net of current portion — 356

Deferred revenue, net of current portion 422 1,055

Other liabilities 1,556 1,716

Total liabilities 41,408 47,690

Commitments and Contingencies

Stockholders’ equity:

Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding — —

Common stock, $0.01 par value; 20,000,000 shares authorized; 12,912,071 and 12,570,865 shares issued, respectively; 12,825,786 and 12,488,788 shares outstanding, respectively

129 125

Additional paid-in capital 64,028 59,436

Retained earnings 43,217 42,560

Accumulated other comprehensive earnings 1,345 2,461

Treasury stock, at cost; 86,285 and 82,077 shares, respectively

(1,022) (959)

Total stockholders’ equity 107,697 103,623

Total liabilities and stockholders’ equity $ 149,105 $ 151,313

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InTest Reports Second Quarter 2026

Page 8 of 12

August 10, 2026

InTest Corporation

Consolidated Statements of Cash Flows

(Unaudited)

Six Months Ended June 30,

(In thousands) 2026 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net earnings (loss) $ 657 $ (2,832)

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:

Depreciation and amortization 3,262 3,306

Provision for excess and obsolete inventory 373 304

Amortization of deferred compensation related to stock-based awards 1,134 858

Deferred income tax expense 57 205

Other non-cash reconciling items 94 (383)

Changes in assets and liabilities:

Trade accounts receivable (1,347) 6,865

Inventories 2,937 203

Prepaid expenses and other current assets 516 (438)

Other assets (314) (36)

Operating lease liabilities (1,086) (966)

Accounts payable (3,294) (898)

Customer deposits and deferred revenue (828) 272

Domestic and foreign income taxes payable 162 (883)

Deferred revenue, net of current portion (633) (65)

Accrued expenses and other liabilities 1,314 (665)

Net cash provided by operating activities 3,004 4,847

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of property and equipment (1,049) (691)

Net cash used in investing activities (1,049) (691)

CASH FLOWS FROM FINANCING ACTIVITIES

Short-term borrowings, net of repayments 947 (3,613)

Repayments of long-term debt (2,050) (2,050)

Proceeds from stock options exercised 3,413 18

Proceeds from shares sold under Employee Stock Purchase Plan 66 60

Settlement of employee tax liabilities in connection with treasury stock transactions (88) (17)

Net cash provided by (used in) financing activities 2,288 (5,602)

Effects of exchange rates on cash (199) 864

Net cash provided by (used in) all activities 4,044 (582)

Cash, cash equivalents and restricted cash at beginning of period 18,058 19,830

Cash and cash equivalents at end of period $ 22,102 $ 19,248

Cash (receipts) payments for:

Domestic and foreign income taxes, net of receipts $ (550) $ 145

Interest 153 266

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES

Issuance of unvested shares of restricted stock awards 1,775 1,039

Forfeiture of shares of unvested restricted stock awards (1,473) (557)

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InTest Reports Second Quarter 2026

Page 9 of 12

August 10, 2026

InTest Corporation

Revenue by Market

(Unaudited)

($ in thousands) Three Months Ended

June 30, June 30, Change March 31, Change

2026 2025 $ % 2026 $ %

Revenue

Semi $ 9,058 25.7 % $ 10,192 36.2 % $ (1,134) (11.1 %) $ 10,507 31.0 % $ (1,449) (13.8 %)

Auto/EV 13,440 38.1 % 5,862 20.8 % 7,578 129.3 % 7,487 22.1 % 5,953 79.5 %

Defense/Aerospace 3,765 10.7 % 3,578 12.7 % 187 5.2 % 5,822 17.2 % (2,057) (35.3 %)

Industrial 4,356 12.3 % 3,786 13.5 % 570 15.1 % 3,242 9.6 % 1,114 34.4 %

Life Sciences 2,002 5.7 % 1,386 4.9 % 616 44.4 % 3,572 10.5 % (1,570) (44.0 %)

Safety/Security 770 2.2 % 898 3.2 % (128) (14.3 %) 1,112 3.3 % (342) (30.8 %)

Other 1,922 5.4 % 2,428 8.6 % (506) (20.8 %) 2,144 6.3 % (222) (10.4 %)

$ 35,313 100.0 % $ 28,130 100.0 % $ 7,183 25.5 % $ 33,886 100.0 % $ 1,427 4.2 %

* Components may not add up to total due to rounding

Orders by Market

(Unaudited)

($ in thousands) Three Months Ended

June 30, June 30, Change March 31, Change

2026 2025 $ % 2026 $ %

Orders

Semi $ 11,955 41.4 % $ 7,292 26.3 % $ 4,663 63.9 % $ 7,677 24.2 % $ 4,278 55.7 %

Auto/EV 3,549 12.3 % 7,066 25.5 % (3,517) (49.8 %) 10,744 33.8 % (7,195) (67.0 %)

Defense/Aerospace 4,237 14.7 % 2,499 9.0 % 1,738 69.5 % 5,918 18.6 % (1,681) (28.4 %)

Industrial 4,630 16.0 % 4,680 16.9 % (50) (1.1 %) 4,123 13.0 % 507 12.3 %

Life Sciences 1,512 5.2 % 2,863 10.3 % (1,351) (47.2 %) 1,587 5.0 % (75) (4.7 %)

Safety/Security 333 1.2 % 1,173 4.2 % (840) (71.6 %) 260 0.8 % 73 28.1 %

Other 2,655 9.2 % 2,186 7.9 % 469 21.5 % 1,476 4.6 % 1,179 79.9 %

$ 28,871 100.0 % $ 27,759 100.0 % $ 1,112 4.0 % $ 31,785 100.0 % $ (2,914) (9.2 %)

* Components may not add up to total due to rounding

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InTest Reports Second Quarter 2026

Page 10 of 12

August 10, 2026

InTest Corporation

Segment Data

(Unaudited)

Three Months Ended June 30, 2026

($ in thousands) Electronic Test Environmental Technologies Process

Technologies Corporate &

Other Consolidated

Revenue $ 21,404 $ 5,819 $ 8,090 $ — $ 35,313

Cost of revenue 12,469 4,054 4,492 — 21,015

Other divisional costs 5,154 2,333 3,217 — 10,704

Division operating income (loss) 3,781 (568) 381 — 3,594

Acquired intangible amortization 699 699

Restructuring costs 30 30

Corporate expenses 2,502 2,502

Operating income (loss) 3,781 (568) 381 (3,231) 363

Interest expense (63) (63)

Other income (51) (51)

Earnings (loss) before income tax expense $ 3,781 $ (568) $ 381 $ (3,345) $ 249

Three Months Ended June 30, 2025

($ in thousands) Electronic Test Environmental Technologies Process

Technologies Corporate &

Other Consolidated

Revenue $ 13,733 $ 7,215 $ 7,182 $ — $ 28,130

Cost of revenue 7,418 4,534 4,205 — 16,157

Other divisional costs 4,755 2,070 2,578 — 9,403

Division operating income 1,560 611 399 — 2,570

Acquired intangible amortization 850 850

Restructuring costs 216 216

Corporate expenses 2,431 2,431

Operating (loss) income 1,560 611 399 (3,497) (927)

Interest expense (119) (119)

Other income 463 463

(Loss) earnings before income tax expense $ 1,560 $ 611 $ 399 $ (3,153) $ (583)

-MORE-

InTest Reports Second Quarter 2026

Page 11 of 12

August 10, 2026

Six Months Ended June 30, 2026

(in thousands) Electronic

Test Environmental

Technologies Process

Technologies Corporate &

Other Consolidated

Revenue $ 38,745 $ 14,170 $ 16,284 $ — $ 69,199

Cost of revenue 22,142 8,921 9,180 — 40,243

Other divisional costs 10,775 4,598 6,030 — 21,403

Division operating income 5,828 651 1,074 — 7,553

Acquired intangible amortization 1,477 1,477

Restructuring costs 774 774

Corporate expenses

4,735 4,735

Operating income (loss) 5,828 651 1,074 (6,986) 567

Interest expense

(143) (143)

Other income 52 52

Earnings (loss) before income tax expense $ 5,828 $ 651 $ 1,074 $ (7,077) $ 476

Six Months Ended June 30, 2025

(in thousands) Electronic

Test Environmental

Technologies Process

Technologies Corporate &

Other Consolidated

Revenue $ 26,992 $ 13,483 $ 14,292 $ — $ 54,767

Cost of revenue 14,731 8,697 8,310 — 31,738

Other divisional costs 10,020 4,430 5,376 — 19,826

Division operating income 2,241 356 606 — 3,203

Acquired intangible amortization 1,663 1,663

Restructuring costs 529 529

Corporate expenses

4,819 4,819

Operating (loss) income 2,241 356 606 (7,011) (3,808)

Interest expense

(271) (271)

Other income 707 707

(Loss) earnings before income tax (benefit) expense $ 2,241 $ 356 $ 606 $ (6,575) $ (3,372)

-MORE-

InTest Reports Second Quarter 2026

Page 12 of 12

August 10, 2026

InTest Corporation

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Reconciliation of Net Earnings (Loss) to Adjusted Net Earnings (Loss) (Non-GAAP) and Earnings (Loss) Per Diluted Share to Adjusted EPS (Non-GAAP):

Three Months Ended

June 30, June 30, March 31,

(in thousands except per share amounts) 2026 2025

2026†

Net earnings (loss) $ 474 $ (503) $ 183

Acquired intangible amortization 699 850 778

Restructuring costs 30 216 744

Tax effect of adjusting items (112) (146) (293)

Adjusted net earnings (loss) (Non-GAAP) $ 1,091 $ 417 $ 1,412

Diluted weighted average shares outstanding 12,582 12,246 12,421

Adjusted net earnings (loss) per diluted share:

Net earnings (loss) $ 0.04 $ (0.04) $ 0.01

Acquired intangible amortization 0.06 0.07 0.06

Restructuring costs — 0.02 0.06

Tax effect of adjusting items (0.01) (0.01) (0.02)

Adjusted EPS (Non-GAAP) $ 0.09 $ 0.03 $ 0.11

* Components may not add up to total due to rounding

† March 31, 2026 as revised

Reconciliation of Net Earnings (Loss) and Net Margin to Adjusted EBITDA (Non-GAAP) and Adjusted EBITDA Margin (Non-GAAP):

Three Months Ended

June 30, June 30, March 31,

(in thousands except percentage data) 2026 2025

2026†

Net earnings (loss) $ 474 $ (503) $ 183

Acquired intangible amortization 699 850 778

Net interest (income) expense (15) 30 —

Income tax (benefit) expense (225) (80) 44

Depreciation 386 314 375

Restructuring costs 30 216 744

Stock-based compensation 843 435 291

Adjusted EBITDA (Non-GAAP) $ 2,192 $ 1,262 $ 2,415

Revenue $ 35,313 $ 28,130 $ 33,886

Net margin 1.3 % (1.8 %) 0.5 %

Adjusted EBITDA margin (Non-GAAP) 6.2 % 4.5 % 7.1 %

† March 31, 2026 as revised

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