Itron Inc (<a>(ITRI)</a>) has held its Q2 earnings call. Read on for the main highlights of the call.

Itron Inc’s recent earnings call revealed a blend of robust financial achievements and strategic advancements, coupled with some challenges. The company celebrated record-breaking profits and strategic partnerships, although it faced a lowered revenue outlook and a complex regulatory environment. Despite these hurdles, the increased EPS guidance and operational efficiencies indicate a positive trajectory for the company.

Itron Inc achieved new quarterly records in margins, profitability, and cash flow. The company reported an adjusted EBITDA of $90 million, non-GAAP earnings per share of $1.62, and free cash flow of $91 million. These figures underscore Itron’s strong financial health and operational success.

The company’s Grid Edge Intelligence Platform demonstrated significant growth, with shipments of over 15.3 million distributed intelligence endpoints by the end of Q2, up from 14.4 million at the end of Q1. This increase highlights the ongoing adoption and demand for DI-capable technology.

Itron reported a 19% year-over-year increase in non-GAAP operating income and a 16% rise in adjusted EBITDA, both setting new records. These improvements reflect the company’s focus on enhancing profitability and operational efficiency.

Itron secured key partnerships, including a contract with Hellenic Electricity Distribution Network Operator in Greece and a large-scale initiative in Tucson, Arizona. The second quarter bookings reached $454 million, showcasing the company’s ability to forge strategic alliances and secure substantial contracts.

Despite a lowered revenue forecast, Itron raised its full-year EPS outlook midpoint by 13%. This adjustment is attributed to growing customer demand for high-value solutions and operational efficiencies, signaling confidence in the company’s future performance.

Itron adjusted its full-year revenue outlook midpoint down by approximately 3% due to slower project deployments and delayed decisions amid a complex regulatory environment. This reflects the challenges the company faces in navigating the current market conditions.

The Device Solutions segment saw an 8% decline in revenue on a constant currency basis, primarily due to a decrease in legacy electric product sales. However, this was partially offset by growth in the water segment, indicating a shift in product demand.

Itron is navigating a challenging market environment, with customers and regulators facing increased complexity. This has led to slower activity levels and more deliberate decision-making in response to economic uncertainty and evolving trade policies.

Looking ahead, Itron anticipates third-quarter revenue between $570 million and $585 million, with non-GAAP EPS ranging from $1.45 to $1.55. The full-year 2025 revenue outlook has been adjusted to a range of $2.35 billion to $2.4 billion, with an increased non-GAAP EPS range of $6 to $6.20. These forecasts reflect Itron’s strategic focus on margin improvements and operational efficiencies.

In conclusion, Itron Inc’s earnings call highlighted a strong financial performance and strategic advancements, despite facing some challenges. The company’s record-breaking achievements and increased EPS guidance suggest a positive outlook, with strategic partnerships and operational efficiencies paving the way for future growth.

Itron Inc’s Earnings Call: Record Profits and Strategic Growth

Itron Inc reported record-breaking profits and strategic advancements in Q2 2025, including adjusted EBITDA of $90 million, non-GAAP earnings per share of $1.62, and free cash flow of $91 million. The company secured key partnerships, such as a contract with Hellenic Electricity Distribution Network Operator in Greece and a large-scale initiative in Tucson, Arizona. Despite a lowered revenue outlook due to regulatory challenges, Itron raised its full-year EPS guidance and anticipates strong third-quarter performance.