Itron raises 2026 earnings guidance, shares surge 26%

Earnings
โดย Zacks Investment Research·Read original
Summary · why it matters

Itron reported second-quarter 2026 non-GAAP earnings per share of $1.59, beating the Zacks Consensus Estimate by 22.3%, and raised its full-year earnings guidance, sending shares up 26.2% to close at $107.02. Revenue fell 7% year over year to $563 million, driven by a 17% decline in the Networked Solutions segment due to project deployment timing, but management lifted its 2026 non-GAAP EPS forecast to a range of $6.30 to $6.50 from the prior $5.75 to $6.25. The company reaffirmed its full-year revenue outlook, narrowing it to $2.37 billion to $2.41 billion, with second-half revenue expected to grow about 8% year over year. Total backlog stood at $4.4 billion, and quarterly bookings were $550 million, indicating sustained demand. Adjusted gross margin expanded 460 basis points to 41.4%, and non-GAAP operating income rose to $89 million from $82.2 million a year ago.

Impact on stocks 4

Smart City / Autonomous Infrastructure▲ · 1 stocks
Itron Inc
ITRI
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Itron raised 2026 EPS guidance and beat Q2 earnings estimates, driving shares up 26%.

Semiconductors▲ · 1 stocks
Quantum Computing▲ · 1 stocks
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