Itron Inc (ITRI)
NASDAQ:ITRI
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.29Last Year’s EPS
1.62Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally constructive operational and margin story—notable margin expansion, ARR growth (+28% YoY to $400M), a large $4.4B backlog, improved adjusted EBITDA (+5% YoY) and record segment margins—offset by near-term revenue pressure driven by project timing, declines in Device and Network revenue (-9% and -14% CC), modest GAAP earnings decline, a Q2 revenue/ EPS guide down versus last year, and balance sheet activity that reduced cash and left net leverage at ~2.4x. Management expressed confidence in a multiyear structural market opportunity and strong pipeline, but acknowledged short-term lumpiness and integration work for recent acquisitions. On balance, the positive operational and margin momentum and durable ARR/backlog profile slightly outweigh the near-term revenue and timing headwinds.Company Guidance
Solid Q1 Financial Results
Revenue of $587 million, adjusted EBITDA of $92 million, non-GAAP EPS of $1.49, and free cash flow of $79 million; adjusted EBITDA increased 5% year-over-year and free cash flow increased from $67M to $79M (+18%).
Recurring Revenue and Backlog Strength
Total company ARR was $400 million, up 28% year-over-year. Bookings for the quarter were $476 million and total backlog ended the quarter at $4.4 billion, providing multi-year revenue visibility.
Segment Growth in Outcomes and Resiliency
Outcomes segment grew 22% year-over-year (20% constant currency revenue growth noted) and Outcomes plus Resiliency Solutions now represent 25% of total backlog; Resiliency Solutions contributed $16 million of revenue in Q1 with a high adjusted gross margin of 73% and operating margin of 27%.
Material Gross Margin Expansion
Adjusted gross margin improved to 40.7%, increasing ~490 basis points year-over-year due to favorable mix and operational efficiencies; segment-level margin records in Device Solutions (adjusted gross margin 35.4%, operating margin 29.7%).
Backlog Quality and Market Demand
Management reports an outsized opportunity funnel (pipeline near all-time records) driven by grid modernization needs; several strategic wins highlighted, including a grid visibility program and expanded safety-enhanced meter deployments.
Operational Execution and No Supply Constraints
Q1 outperformance was supported by strong execution and accelerated project timing with no material constraints for labor or materials; turns and deployments progressed ahead of expectations in Network deployments.
ITRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ITRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $86.92 | $87.00 | +0.09% |
Feb 17, 2026 | $89.36 | $96.43 | +7.91% |
Oct 30, 2025 | $138.18 | $108.99 | -21.12% |
Jul 31, 2025 | $138.42 | $124.54 | -10.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Itron Inc (ITRI) report earnings?
Itron Inc (ITRI) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Itron Inc (ITRI) earnings time?
Itron Inc (ITRI) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITRI EPS forecast?
ITRI EPS forecast for the fiscal quarter 2026 (Q2) is 1.29.
