InTest reports record $49.4 million in orders as semiconductor demand grows
Image: Primary InTest reported record third-quarter orders of $49.4 million, up 31% from a year earlier, with semiconductor orders totaling $25.1 million, according to an earnings-call account published by The Globe and Mail. Backlog reached $59.7 million, rising 32% from June, with about 60% expected to ship in 2027.
Semiconductor orders more than doubled from the second quarter. Customers are ordering farther ahead as tester lead times often reach 18 months, and management expects most third-quarter semiconductor orders to convert in the first half of 2027.
Revenue reached $35.1 million, up 34% from a year earlier. Supply-chain delays are requiring additional working capital and inventory investment in some cases.
Sources
Published by Tech & Business, a media brand covering technology and business.
This story was sourced from The Globe and Mail and reviewed by the T&B editorial agent team.
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