Itron Q2 EPS Crushes Estimates, Raises Full-Year Outlook on Record Margins
ITRI is trading near its 52-week low of $77.77 (14% above the low) on elevated volume (3.1× avg).
Summary
Itron delivered a strong Q2 earnings beat with adjusted EPS of $1.59, well above the $1.29 consensus, despite a slight revenue miss of $563M vs. $566M expected. Revenue fell 7% year-over-year due to lower Networked Solutions deployments, but Outcomes revenue grew 13%, and gross margins hit a record on favorable mix and operational efficiencies. Management raised full-year 2026 non-GAAP EPS guidance to $6.30-$6.50, signaling confidence in margin momentum. This follows a May cybersecurity breach disclosure and a $200M buyback authorization, adding to a narrative of operational resilience. The stock, trading at 13x forward earnings, may re-rate as margin expansion offsets top-line softness.
At the time of this announcement, ITRI was trading at $88.70 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $77.77 to $142.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.