Itron Stock Soars 26% on Q2 Earnings and Raised Guidance
Itron (NASDAQ: ITRI) saw its stock price surge over 26% on July 28, 2026, following a second-quarter earnings report that exceeded profit expectations despite a 7% year-over-year revenue decline to $563 million. Adjusted net income slipped to $71 million ($1.59 per share), beating the consensus estimate of $1.30 per share. The company narrowed its full-year revenue forecast to $2.37-$2.41 billion and significantly raised its adjusted earnings guidance to $6.30-$6.50 per share, up from $5.75-$6.25. CEO Tom Deitrich highlighted growing demand from utilities facing increased complexity, reliability pressures, and affordability challenges. The outcomes division posted 13% revenue growth, while networked solutions slumped 17%. The strong guidance and positive outlook on utility sector demand drove investor enthusiasm.
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