By Katherine Hamilton

Shares of inTest gained after the testing-technology provider said customer spending was growing again.

The stock rose 14%, to $11.43, late Friday, at one point touching a three-year high of $11.83. Shares have gained 39% over the past 12 months.

Chief Executive Nick Grant said customer capital spending is recovering. From conversations with customers, inTest expects a modest increase in demand from semiconductor customers in the second half of the new fiscal year.

The company projects revenue in the first quarter will be $31 million to $33 million.

For the full year 2026, inTest expects revenue to be $125 million to $130 million, ahead of the $124.9 million analysts were forecasting, according to FactSet.

Fourth-quarter results were also ahead of consensus estimates. Revenue was $32.8 million, compared with the analysts' projection for $31.2 million. Adjusted earnings per share were 16 cents, while analysts were anticipating 11 cents.

Auto and electric-vehicle customers moved forward with new model year programs, and the company had more life-sciences business in the quarter, Grant said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

February 27, 2026 15:32 ET (20:32 GMT)

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