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Itron ITRI Q2 2026 earnings

Reported July 28, 2026 · Before market open

Revenue$562.9MMiss by $3.4M
Adjusted EPS$1.59Beat by $0.30
Revenue estimate$566.3M
EPS estimate$1.29
“The demand environment remains constructive, supported by durable needs across grid expansion, resiliency, and affordability — and by the industry's intensifying focus on time-to-power. A stronger operating model in a durable demand environment is why we are raising our full-year earnings outlook.”
Tom Deitrich

Next report

Oct 29, 2026 (in a month)
Revenue estimate$597.7M
EPS estimate$1.57

Financials

Q2 2026

Income statement

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Revenue$562.9M-7.2%
Gross profit$230.6M+3.1%
Operating income$76.1M-0.5%
Net income$53.3M-22.0%
EPS (diluted)$1.19-19.0%

Balance sheet

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Cash & equivalents$745.2M-39.1%
Total debt$1.6B+25.8%
Total equity$1.6B+0.2%
Total assets$4.0B+10.2%

Cash flow

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Operating cash flow$88.1M-8.9%
CapEx$6.6M+9.8%
Free cash flow$81.5M-10.1%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$4.04B-24.7%
Enterprise value$4.9B-9.6%
P/E14.8×-5.1×
P/S1.8×-0.4×

Profitability

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Gross margin39.9%+4.5pp
Operating margin13.2%+1.4pp
Net margin11.9%+0.8pp
FCF margin16.7%+5.0pp

Returns & leverage

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Return on equity17%-2.0pp
Debt / equity1×+0.2×
Current ratio2.7×+0.7×

Segments

By segment

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Networked Solutions$339.2M-17.0%
Device Solutions$111.4M-1.2%
Outcomes$96.4M+13.3%
Resiliency Solutions$15.8M—

By geography

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United States and Canada$448.3M-10.4%
Europe, Middle East, and Africa$83.9M+6.8%
Asia Pacific$30.7M+11.0%

By product

See full
Service revenues$109.4M+22.2%

FAQ

When did Itron report Q2 2026 earnings?
Itron (ITRI) reported Q2 2026 earnings on July 28, 2026 before market open.
What were Itron's Q2 2026 revenue and EPS?
Itron reported revenue of $562.9M and adjusted eps of $1.59 for Q2 2026.
Did Itron beat estimates in Q2 2026?
Revenue missed the consensus estimate of $566.3M by $3.4M. EPS beat the consensus estimate of $1.29 by $0.30.
How did Itron's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 7.2% from $606.8M a year earlier.
Where can I find Itron's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-004912) and the 10-Q periodic report (0000780571-26-000178) directly on SEC EDGAR. The filing index links above go to sec.gov.