Filing Flows › Intest (INTT) › Q2 2026 › vs Q1 2026
Intest (INTT) Q2 2026 vs Q1 2026 (quarter over quarter)
Intest's revenue rose $1.4M (+4%) from $33.9M in Q1 2026 to $35.3M in Q2 2026. The biggest changes: Alfamation™ products +$4.6M (+65%); Thermal test −$2.4M (-36%); Thermal process −$862K (-15%). Gross margin 40.5% against 43.3% (-2.8 pts).
Intest, Q2 2026: revenue $35.3M (+26% year over year), operating margin 1.0%, net earnings $474K, operating cash flow $6.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 40.5% | 43.3% | -2.8 pts |
| Operating margin | 1.0% | 0.6% | +0.4 pts |
| Net margin | 1.3% | 0.5% | +0.8 pts |
| Free cash flow margin | 16.7% | -11.7% | +28.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Alfamation™ products | $11.7M | $7.1M | $4.6M | +65% |
| Semiconductor test | $5.2M | $5.5M | −$321K | -6% |
| Service/other | $4.8M | $4.8M | $51K | +1% |
| Thermal process | $4.8M | $5.6M | −$862K | -15% |
| Thermal test | $4.4M | $6.8M | −$2.4M | -36% |
| Flying probe and in-circuit testers | $2.3M | $2.0M | $257K | +13% |
| Video imaging | $2.1M | $2.1M | $79K | +4% |
| Revenue | $35.3M | $33.9M | $1.4M | +4% |
| Gross profit | $14.3M | $14.7M | −$360K | -2% |
| Cost of revenue | $21.0M | $19.2M | $1.8M | +9% |
| Operating profit | $363K | $204K | $159K | +78% |
| Operating expenses | $13.9M | $14.5M | −$519K | -4% |
| Pre-tax earnings | $249K | $227K | $22K | +10% |
| Other expense, net | $114K | −$23K | $137K | — |
| Research & development | $2.5M | $2.6M | −$87K | -3% |
| Sales & marketing | $4.5M | $4.2M | $277K | +7% |
| General & admin | $6.2M | $6.1M | $84K | +1% |
| Other operating costs | $729K | $1.5M | −$793K | -52% |
| Income tax benefit | $225K | −$44K | $269K | — |
| Net earnings | $474K | $183K | $291K | +159% |
| Depreciation & amortization | $1.6M | $1.6M | −$20K | -1% |
| Share-based compensation | $843K | $291K | $552K | +190% |
| Working capital & other | $3.4M | −$5.4M | $8.8M | — |
| Operating cash flow | $6.3M | −$3.3M | $9.6M | — |
| Free cash flow (OCF − capex) | $5.9M | −$4.0M | $9.9M | — |
| Capital expenditures | $405K | $644K | −$239K | -37% |
Questions
How much did Intest's revenue grow quarter over quarter in Q2 2026?
Intest's revenue rose $1.4M (+4%) from $33.9M in Q1 2026 to $35.3M in Q2 2026.
What drove Intest's revenue change in Q2 2026?
Alfamation™ products +$4.6M (+65%); Thermal test −$2.4M (-36%); Thermal process −$862K (-15%).