Here is my MWE.
\documentclass [11 pt, xcolor=pdftex,x11names,table]{beamer}
\usetheme{Madrid}
\setbeamercovered{transparent=15}
\begin{document}
\begin{frame}
\frametitle{Test}
\begin{block}<1->{(test)}
test
\end{block}
\begin{block}<2->{Problem}
text comes here
\vspace{-1.7 cm}
\begin{flushright}
\makebox[0.26\textwidth]{\includegraphics[width=0.26\textwidth]{TEST.jpg}}\\
\end{flushright}
\end{block}
\end{frame}
\end{document}
The problem I have is that picture that is supposed to be shown in slide 2 is shown in slide 1 as well. Is it possible to solve the problem while you keep transparent=15?

\includegraphicsis "overlay-aware". Is that an option? It would require an additional, separate line of code for slide 1. – Werner Feb 1 at 4:15