Itron Q2 FY26 net income falls 22% to $53.27 million; revenue drops 7% to $562.9 million

Reuters2026/07/28 17:44

By:Reuters

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Itron posted Q2 net income attributable to shareholders of USD 53.3 million, down 22%, with GAAP diluted EPS of USD 1.19.
Revenue fell 7% to USD 562.9 million, while gross margin widened 4.1 percentage points to 41%.
Non-GAAP net income attributable to shareholders slipped 6% to USD 70.7 million, while adjusted EBITDA rose 8% to USD 96.8 million.
Total backlog was USD 4.4 billion, while 12-month backlog rose to USD 1.7 billion.
Board authorized a new USD 200 million share repurchase program; Itron bought back USD 52.2 million of stock in Q2.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Itron Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000780571-26-000178), on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Itron Q2 FY26 net income falls 22% to $53.27 million; revenue drops 7% to $562.9 million

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