Itron Earnings beat estimates, but a revenue miss and softer Q3 sales outlook pushed shares lower before Wednesday’s open.
Itron raised FY2026 adjusted EPS guidance to $6.30-$6.50 despite 7.2% revenue decline, as gross margins expanded 460 bps on operational efficiencies. Outcomes and ARR (+21% to $417M) offset Networked Solutions weakness (-17%), signaling market migration to recurring SaaS, influencing grid-modernization capex allocation.
Itron Inc.
(NASDAQ:ITRI) shares traded lower on Wednesday after surging 23% to $104.51 on Tuesday.
The rally followed better-than-expected second-quarter adjusted EPS and a raise of fiscal 2026 adjusted EPS guidance above estimates.
The stock is trading lower after investors digest the revenue outlook.
Earnings And Margins Adjusted EPS of $1.59 beat the $1.29 estimate, while revenue fell 7.2% year over year to $562.9 million, missing the $566.1 million estimate.
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