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Jun 30, 2025
Itron Q2 2025 Earnings Report
Itron reported solid second quarter 2025 financial results, with record levels of margin, profitability, and cash flow.
Key Takeaways
Itron delivered strong second quarter results, achieving record levels of margin, profitability, and cash flow. Revenue was $607 million, with significant increases in gross profit, net income, and EPS compared to the prior year. The company saw growth in Outcomes revenue, while Device Solutions and Networked Solutions experienced slight decreases.
Revenue for Q2 2025 was $607 million, a slight decrease from $609 million in Q2 2024.
GAAP diluted EPS increased by $0.37 to $1.47, and non-GAAP diluted EPS increased by $0.41 to $1.62.
Gross profit rose by 6% to $224 million, with gross margin improving to 36.9%.
Free cash flow significantly increased by $46 million to $91 million, driven by higher earnings and interest income.
Revenue by Segment
Forward Guidance
Itron provided an outlook for Q3 2025 and updated its full-year 2025 outlook, anticipating continued revenue and non-GAAP diluted EPS.
Positive Outlook
- Q3 2025 revenue expected between $570 million and $585 million.
- Q3 2025 non-GAAP diluted EPS expected between $1.45 and $1.55.
- Full-year 2025 revenue updated to be between $2.35 billion and $2.4 billion.
- Full-year 2025 non-GAAP diluted EPS updated to be between $6.00 and $6.20.
- Continued focus on supporting customers in a dynamic market.
Challenges Ahead
- Market environment remains dynamic with near-term macroeconomic uncertainty.
- Trade policy volatility is a backdrop to long-term growth.
- No specific negative financial guidance provided beyond the ranges.
- The company acknowledges competing priorities and complex decisions for customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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