Water management firm Itron misses Q2 revenue estimates

Itron

31/07/2025 13:38

Overview

Itron Q2 revenue of $607 mln missed analyst expectations, per LSEG data

Adjusted EPS of $1.62 beat analyst estimates, per LSEG data

Gross margin improved to 36.9% due to product and customer mix

Outlook

Company expects Q3 revenue between $570 mln and $585 mln

Itron forecasts full-year revenue between $2.35 bln and $2.4 bln

Company anticipates Q3 non-GAAP EPS between $1.45 and $1.55

Itron sees full-year non-GAAP EPS between $6.00 and $6.20

Result Drivers

DEVICE SOLUTIONS DECLINE - Revenue decreased 5% due to lower legacy electricity product sales, partially offset by increased water sales

OUTCOMES REVENUE INCREASE - Outcomes revenue grew 9% driven by increased recurring revenue and software licenses

GROSS MARGIN IMPROVEMENT - Gross margin rose by 230 basis points due to favorable product and customer mix

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$607 mln
$609.90 mln (8 Analysts)
Q2 Adjusted EPS
Beat
$1.62
$1.33 (8 Analysts)
Q2 EPS
$1.47
Q2 Net Income
$68 mln
Q2 Adjusted EBITDA
$90 mln
Q2 Gross Margin
36.9%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Itron Inc is $136.50, about 1.4% below its July 30 closing price of $138.42

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nGNX90THjv

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)