
Itron beat Q2 EPS estimates by 22.3% and raised its 2026 earnings outlook despite lower revenue, as strong margins and backlog fueled a sharp share rally.
Itron, Inc., a technology and services company, offers end-to-end solutions that help manage energy, water, and smart city operations globally. The company is headquartered in Liberty Lake, Washington.
| Revenue (TTM) | $2.35B |
| Gross Profit (TTM) | $911.22M |
| EBITDA | $361.30M |
| Operating Margin | 11.50% |
| Return on Equity | 18.60% |
| Return on Assets | 5.10% |
| Revenue/Share (TTM) | $51.76 |
| Book Value | $36.26 |
| Price-to-Book | 2.34 |
| Price-to-Sales (TTM) | 2.02 |
| EV/Revenue | 1.982 |
| EV/EBITDA | 11.46 |
| Quarterly Earnings Growth (YoY) | -16.90% |
| Quarterly Revenue Growth (YoY) | -3.30% |
| Shares Outstanding | $44.34M |
| Float | $43.56M |
| % Insiders | 1.77% |
| % Institutions | 122.63% |
Volatility is currently expanding

Itron beat Q2 EPS estimates by 22.3% and raised its 2026 earnings outlook despite lower revenue, as strong margins and backlog fueled a sharp share rally.

Itron NASDAQ: ITRI reported second-quarter 2026 revenue of $563 million, with record gross margin and earnings that exceeded the company's expectations despite lower year-over-year revenue tied to the timing of Networked Solutions project deployments.

The headline numbers for Itron (ITRI) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Itron (ITRI) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.3 per share. This compares to earnings of $1.62 per share a year ago.

LIBERTY LAKE, Wash, July 28, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today financial results for its second quarter ended June 30, 2026. Key results for the quarter include (compared with the second quarter of 2025): Revenue of $563 million, decreased 7%; Annual recurring revenue of $417 million, increased 21%; GAAP net income attributable to Itron, Inc. of $53 million, decreased $15 million; GAAP diluted earnings per share of $1.19, decreased $0.28 per share; Non-GAAP diluted EPS of $1.59, decreased $0.03 per share; Adjusted EBITDA of $97 million, increased 8%; and Free cash flow of $81 million, decreased $9 million.

Itron (ITRI) reached $84.37 at the closing of the latest trading day, reflecting a -1.88% change compared to its last close.

Itron (ITRI) closed the most recent trading day at $83.39, moving 2.01% from the previous trading session.

Itron, Inc. remains a 'hold' as near-term fundamentals are expected to weaken despite recent share price declines. Revenue and profitability continue to decline, with Q1 2026 revenue down to $587M and net income dropping to $53.5M. Backlog and orders are contracting, signaling further revenue pressure; Q2 2026 guidance also points to lower sales and earnings.

LIBERTY LAKE, Wash., July 07, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2026 at 8:30 a.m.

Itron (ITRI) reached $86.74 at the closing of the latest trading day, reflecting a +1.92% change compared to its last close.
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