Slide 1: Second Quarter 2026 Financial Results Conference Call
Second Quarter 2026 Financial Results Conference Call August 10, 2026
Slide 2: Forward-Looking Statements and Key Performance Metrics
Forward-Looking Statements and Key Performance Metrics Forward-Looking Statements This presentation 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 predicte
Slide 3: Non-GAAP Financial Measures
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), adjuste
Slide 4: Q2 2026 Revenue Beat, Gross Margin Impacted by Revenue Mix; FY Revenue Guidance Raised
Q2 2026 Revenue Beat, Gross Margin Impacted by Revenue Mix; FY Revenue Guidance Raised Sustained Revenue Momentum • Revenue increased 26% Y/Y, driven by strong Auto/EV project delivery • Revenue increased 4% Q/Q, the third consecutive quarter of sequential revenue growth • Second consecutive quarter
Slide 5: Orders and Backlog
Orders(1) and Backlog(1) ($ in millions) Orders Orders Years Quarters Q/Q Q2 declined 9% $135.8 $128.2 • Following 3 consecutive $30M+ quarters $116.6 $31.8 $107.7 $27.8 $28.9 • Semi orders up 56%, strongest intake in 6 quarters • Auto/EV down 67% after 4 strong quarters • Defense/Aerospace down 28%
Slide 6: Revenue
Revenue ($ in millions) Years Quarters 74% of Q2 26 revenue from non-Semi markets $130.7 $128.3 $123.3 $35.3 $113.8 $33.9 Q/Q Q2 increased 4% $28.1 • Net increase due almost entirely to high- revenue, lower-margin Auto/EV shipments • Partially offset by Defense/Aerospace (against a strong Q1 compari
Slide 7: Gross Profit and Margin
Gross Profit and Margin ($ in millions) Q/Q Q2 decreased 280 bps Years Quarters • Shift in product mix toward high-volume, lower- margin Auto/EV revenue $57.0 $55.4 $54.8 • Measured against revised Q1 margin of 43.3% $48.9 $14.7 $14.3 Y/Y decreased 210 bps $12.0 • Same product mix shift toward lower
Slide 8: Operating Expenses
Operating Expenses ($ in millions) Operating expenses as a % of sales Decrease in Q2 26 $0.5 million for Q/Q reflects 37.7% 39.8% 46.3% 42.3% 45.9% 42.7% 39.5% $0.7 million in non-recurring CEO transition costs incurred in Q1 26 Years Quarters $46.5 $52.0 $52.6 $54.2 $12.9 $14.5 $13.9 $1.1 Y/Y Q2 in
Slide 9: Net Earnings (Loss) and Adjusted EBITDA
Net Earnings (Loss) and Adjusted EBITDA(2) ($ in millions, except margin percentages) Net Earnings (Loss) Adjusted EBITDA(2) Quarters Quarters $4.0 $4.0 7.1% 6.2% 0.5% 10% 4.5% 10% $2.0 1.3% $2.0 (1.8%) $— 0% $- 0% $(2.0) (10%) $(2.0) (10%) Q2 25 Q1 26† Q2 26 Q2 25 Q1 26 † Q2 26 $(0.5) $0.2 $0.5 $1.
Slide 10: Earnings (Loss) per Share and Adjusted Earnings per Share
Earnings (Loss) per Share and Adjusted Earnings per Share(2) Earnings (Loss) Per Share Adjusted Earnings Per Share(2) Quarters Quarters $0.15 $0.15 $0.11 $0.09 $0.10 $0.10 $0.04 0.03 $0.05 $0.05 $(0.04) $0.01 $— $— $(0.05) $(0.05) Q2 25 Q1 26† Q2 26 Q2 25 Q1 26† Q2 26 Years Years $1.25 $1.25 $1.00 $
Slide 11: Capital Structure and Cash Flow
Capital Structure and Cash Flow Three Months Cash Flow ($ in millions) Six Months Ended Ended Reduced term debt by $1.0 million 6/30/26 6/30/25 6/30/26 6/30/25 during Q2 26 Net cash provided by (used in) operating $6.3 $(0.7) $3.0 $4.8 activities Capital expenditures (0.4) (0.5) (1.0) (0.7) Approxim
Slide 12: Outlook for 2026
Outlook for 2026« Q3 2026 Guidance • Revenue: $33 million to $35 million • Gross margin: approximately 44% • Operating expenses: $13.8 million to $14.2 million • Amortization expense : $0.5 million Revised Full Year 2026 Guidance • Revenue: $135 million to $140 million (21% Y/Y growth at the midpoin
Slide 13: Executing InTest's Next Phase of Growth
Executing InTest’s Next Phase of Growth Expand Opportunities in Higher-Margin End Markets • Semi: accelerating on demand to test high-power devices for the electrified economy • Defense/Aerospace: higher DoD capacity spending expanding the testing funnel • Auto/EV: healthy demand on rising vehicle e
Slide 14: Conference Call Playback and Upcoming Events
Conference Call Playback • Replay Number: (844) 512-2921 or (412) 317-6671 passcode: 13760855 • Telephone replay available through Monday, August 24, 2026 • Webcast / Presentation / Replay available at www.intest.com/investor-relations • Transcript, when available, at www.intest.com/investor-relatio
Slide 15: Supplemental Information
Supplemental Information Q2 2026 Financial Results Conference Call August 10, 2026
Slide 16: Reconciliation of Net Earnings (Loss) to Adjusted Net Earnings (Quarterly)
Reconciliation of Net Earnings (Loss) to Adjusted Net Earnings (Loss) (Non-GAAP) and Earnings (Loss) Per Diluted Share to Adjusted Earnings (Loss) Per Diluted Share (Non-GAAP) Three Months Ended ($ in thousands, except per share amounts) 6/30/25 9/30/25 12/31/25 3/31/26 † 6/30/26 Net earnings (loss)
Slide 17: Reconciliation of Net Earnings to Adjusted Net Earnings (Annual)
Reconciliation of Net Earnings (Loss) to Adjusted Net Earnings (Non-GAAP) and Earnings (Loss) Per Diluted Share to Adjusted Earnings Per Diluted Share (Non-GAAP) Years Ended December 31, ($ in thousands, except per share amounts) 2023 2024 2025 TTM Q2 26 Net earnings (loss) $ 9,342 $ 2,891 $ (2,527)
Slide 18: Reconciliation to Adjusted EBITDA (Quarterly)
Reconciliation of Net Earnings (Loss) and Net Margin to Adjusted EBITDA (Non-GAAP) and Adjusted EBITDA Margin (Non-GAAP) Three Months Ended ($ in thousands, except percentages) 6/30/25 9/30/25 12/31/25 3/31/26 † 6/30/26 Net earnings (loss) $ (503) $ (938) $ 1,243 $ 183 $ 474 Acquired intangible amor
Slide 19: Reconciliation to Adjusted EBITDA (Annual)
Reconciliation of Net Earnings and Net Margin to Adjusted EBITDA (Non-GAAP) and Adjusted EBITDA Margin (Non-GAAP) Years Ended December 31, ($ in thousands, except percentages) 2023 2024 2025 TTM Q2 26 Net earnings (loss) $ 9,342 $ 2,891 $ (2,527) $ 962 Acquired intangible amortization 2,095 2,545 3,
Slide 20: Segment Reporting (Quarterly)
Segment Reporting (Quarterly) Three Months Ended ($ in thousands) 6/30/25 9/30/25 12/31/25 3/31/26† 6/30/26 Electronic Test $ 13,733 $ 12,099 $ 17,103 $ 17,341 $ 21,404 Environmental Technologies 7,215 7,490 8,321 8,351 5,819 Process Technologies 7,182 6,647 7,398 8,194 8,090 Total Revenue $ 28,130
Slide 21: Segment Reporting (12 Months)
Segment Reporting (12 Months) Years Ended December 31, ($ in thousands) 2023 2024 2025 TTM Q2 26 Electronic Test $ 41,016 $ 63,878 $ 56,194 $ 67,947 Environmental Technologies 30,801 28,898 29,294 29,981 Process Technologies 51,485 37,914 28,337 30,329 Total Revenue $ 123,302 $ 130,690 $ 113,825 $ 1