secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2026-07-28T12:35:16+00:00
Accession:  0001171843-26-004912
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000117184326004912/0001171843-26-004912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000117184326004912/f8k_072826.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-004912

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer