Itron 2025 Q2 Earnings Solid Performance as Net Income Reaches Record High

Itron Inc. (ITRI) reported its fiscal 2025 Q2 earnings on July 31st, 2025, highlighting a record net income, despite macroeconomic uncertainties. The company reported revenues of $606.76 million, slightly below last year’s figures, while EPS of $1.50 surpassed expectations. Itron raised its full-year EPS guidance, indicating confidence in future performance. Despite lowering revenue projections due to slower project deployments, the company remains optimistic about long-term growth.

Revenue

The total revenue for Itron in 2025 Q2 was $606.76 million, representing a slight decrease of 0.4% from $609.07 million in 2024 Q2. Revenue from the Device Solutions segment amounted to $112.76 million, while Networked Solutions contributed $408.93 million. The Outcomes segment generated $85.07 million, bringing the consolidated total to $606.76 million.

Earnings/Net Income

Itron's earnings per share (EPS) rose impressively by 33.9%, reaching $1.50 in 2025 Q2 compared to $1.12 in 2024 Q2. The company saw strengthened profitability with net income increasing by 32.6% to $68.75 million, marking the highest fiscal Q2 net income in over two decades. This performance reflects positively on Itron’s financial health.

Price Action

The stock price of Itron experienced a decline of 4.72% during the latest trading day, and a 7.05% drop over the past week. Month-to-date, the stock has decreased by 5.39%. Despite strong earnings, the share price has struggled to gain traction, potentially reflecting investor concerns over broader market conditions or company-specific challenges.

Post Earnings Price Action Review

The strategy of purchasing Itron shares on the earnings release date and selling them after 30 days has underperformed over the past three years, yielding a return of -4.87%. This significantly trails the benchmark return of 85.57%, resulting in an excess return of -90.44%. With a compound annual growth rate (CAGR) of -1.00%, the strategy has consistently led to losses. Notably, the maximum drawdown was 0.00%, indicating no further downside risk yet no positive returns. This performance suggests that the strategy may not be suitable given current market dynamics and Itron’s stock behavior.

CEO Commentary

Thomas L. Deitrich, CEO, emphasized Itron's strong second-quarter results, achieving revenue in line with expectations and surpassing earnings forecasts. He highlighted the Outcomes segment's role in driving growth, with sustained demand for the Grid Edge Intelligence platform. Despite challenges like slower project deployments, Deitrich expressed confidence in long-term market growth and Itron’s strategic objectives in intelligent connectivity and infrastructure solutions.

Guidance

Itron anticipates third-quarter revenue between $570 million and $585 million, indicating a 6% decrease from Q3 2024. The non-GAAP earnings per share are expected to range from $1.45 to $1.55. For the full year, Itron projects revenue between $2.35 billion and $2.4 billion, a 3% decline from initial guidance, while non-GAAP EPS estimates have been raised by 13% to a range of $6.00 to $6.20.

Additional News

Within the past few weeks, Itron has announced a notable contract with Greece's Hellenic Electricity Distribution Network Operator. This partnership aims to enhance consumer experience and support net-zero emissions goals, showcasing Itron’s commitment to sustainability and innovation. Additionally, Itron has maintained a strong liquidity position, with cash and equivalents amounting to $1.2 billion as of June 30, 2025. This financial stability enables Itron to continue investing in growth opportunities and addressing macroeconomic challenges.