---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-26-004912"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2026-07-28T12:35:16+00:00"
generated_at: "2026-07-28T12:40:16.916014+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Itron Q2 revenue down 7% to $563M but non-GAAP EPS $1.59 beats; raises FY2026 EPS outlook to $6.30-6.50

## Summary
- Revenue $563M (-7% YoY); GAAP diluted EPS $1.19 vs $1.47; non-GAAP diluted EPS $1.59 vs $1.62.
- Adjusted gross margin 41.4% (+460 bps); adjusted EBITDA $97M (+8%); free cash flow $81M.
- Annual recurring revenue $417M (+21%); total backlog $4.4B; bookings $550M.
- Q3 outlook: revenue $590-600M, non-GAAP EPS $1.50-1.60. FY2026 outlook raised: revenue $2.37-2.41B, non-GAAP EPS $6.30-6.50.
- Networked Solutions revenue -17% due to project timing; Outcomes +13% on services growth.

## SEC filing metadata
- accession: 0001171843-26-004912
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2026-07-28T12:35:16+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000117184326004912/0001171843-26-004912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000117184326004912/f8k_072826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-26-004912
- JSON: https://secwatch.observer/filing/0001171843-26-004912.json
- Plain text: https://secwatch.observer/filing/0001171843-26-004912.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.