Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It ...
Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer
Est. EPS $1.56 · Revenue $597.73M · 7 analysts
Est. EPS $1.79 · Revenue $640.97M · 7 analysts
Est. EPS $6.42 · Revenue $2.39B · 8 analysts
Est. EPS $1.55 · Revenue $622.55M · 2 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.4B | -3.0% | -4.1% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $301.1M | +25.9% | -0.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +37.7% | +9.6% | +1.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +13.3% | +22.6% | +17.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +12.7% | +29.8% | +3.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $380.8M | +83.4% | +3.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +16.1% | +89.1% | +7.6% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 75.0% | -18.7% | -90.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.80x | -47.6% | +3.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $3.7B | +9.2% | +0.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 6.50 vs 6.86 | -5.2% | 1.19 vs 1.56 | -23.7% |
| Revenue Surprise | $2.4B vs $2.4B | +0.4% | $562.9M vs $597.7M | -5.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | Reeves Donald L. III | officer: SVP, Outcomes | Common Stock | D | 283 | $99.99 |
| Aug 24, 2026 | Wright David Marshall | officer: VP, Corp. Controller & CAO | Common Stock | D | 76 | $98.79 |
| Aug 24, 2026 | Ware Christopher E. | officer: SVP, GC & Corp. Secretary | Common Stock | D | 200 | $98.79 |
| Aug 24, 2026 | Reeves Donald L. III | officer: SVP, Outcomes | Common Stock | D | 329 | $98.79 |
| Aug 24, 2026 | Pulatie-Hahn Laurie Ann | officer: SVP, HR | Common Stock | D | 178 | $98.79 |
Operator: Good day, and thank you for standing by. Welcome to Itron's Second Quarter 2026 Earnings Conference Call. Today's conference is being recorded. I will now hand the conference over to your speaker host, Paul Vincent, Vice President of Investor Relations. Please go ahead. Paul Vincent: Good morning, and welcome to Itron's Second Quarter 2026 Earnings Conference Call. Tom Deitrich, Itron's President and Chief Executive Officer; and Joan Hooper, Senior Vice President and Chief Financial Officer, will review Itron's second quarter results and provide a general business update and outlook. Earlier today, the company issued a press release announcing its results. This release also includes details related to the conference call and webcast replay information. Accompanying today's call is a presentation that is available through the webcast and on our corporate website under the Investor Relations tab. Following prepared remarks, the call will open for questions using the process the operator described. Before Tom begins, a reminder that our earnings release and financial presentation include non-GAAP financial information that we believe enhances the overall understanding of our current and future performance. Reconciliations of differences between GAAP and non-GAAP financial measures are available in our earnings release and on our Investor Relations website. We will be making statements during this call that are forward-looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from these expectations because of factors that were presented in today's earnings release and comments made during this conference call as well as those presented in the Risk Factors section of our Form 10-K and other reports and filings with the Securities and Exchange Commission. All company comments, estimates or forward-looking statements are made in a good faith attempt to provide appropriate insight to our current and future operating and financial environment. Materials discussed today, July 28, 2026, may materially change, and we do not undertake any duty to update any of our forward-looking statements. Now please turn to Page 4 of our presentation as our CEO, Tom Deitrich, begins his remarks. Thomas Deitrich: Thank you, Paul. Good morning, everyone, and thank you for joining us today. Itron delivered a high-quality second quarter, record gross margin, strong free cash flow and earnings well ahead of our expectations on in-line revenue. That combination is the story of the quarter. The operating model we have built now delivers structurally better earnings power. Turning to Slide 4 for the highlights. Revenue of $563 million, annual recurring revenue of $417 million, adjusted EBITDA of $97 million, non-GAAP earnings per share of $1.59 and free cash flow of $81 million. Turning to Slide 5. I want to put the quarter in the context of the market environment. …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Thomas L. Deitrich | Chief Executive Officer, President & Director | USD 2,307,685 | Male | 1967 | Active |
Joan S. Hooper | Senior Vice President & Chief Financial Officer | USD 1,074,316 | Female | 1958 | Active |
Donald L. Reeves | Senior Vice President of Outcomes | USD 890,300 | Male | 1968 | Active |
John F. Marcolini | Senior Vice President of Networked Solutions | USD 872,555 | Male | 1973 | Active |
Justin K. Patrick | Senior Vice President of Device Solutions | USD 800,483 | Male | 1973 | Active |
Alison Mallahan | Senior Manager of Corporate Communications | — | — | — | Active |
David Marshall Wright | Vice President, Corporate Controller & Chief Accounting Officer | — | Male | 1970 | Active |
Paul Vincent | Vice President of Investor Relations | — | — | — | Active |
Christopher E. Ware | Senior Vice President, General Counsel & Corporate Secretary | — | Male | 1969 | Active |
Marina Donovan | Vice President of Global Marketing, ESG & Public Affairs | — | Female | — | Active |
The mean of analysts' price targets for Itron (ITRI) points to a 25.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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.
The company crushed analyst estimates for second-quarter profitability.
Itron, Inc. (ITRI) Q2 2026 Earnings Call Transcript
