Equity Profile

ITRI

Itron, Inc.

Information TechnologyElectronic Equipment & Instruments$4.5B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Itron, Inc. (ITRI) is a technology company that provides solutions for energy and water resource management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will show how well Itron is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its market share and improve its financial health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ITRI Q2-2026 Earnings Preview

Context

Company Snapshot

Itron, Inc. (ITRI) is a technology company that provides solutions for energy and water resource management. Their products help utilities manage their infrastructure more efficiently, which is increasingly important as the world focuses on sustainability and smart technology.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+23.93%

Avg Stock Reaction

-0.50%

Last Quarter Recap

In Q1-2026, Itron reported an EPS of $1.49, exceeding expectations by 18.73%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Focus on expanding customer base in smart grid solutions.
Commitment to improving operational efficiency.
Plans to enhance product offerings in energy management.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Itron's upcoming earnings, especially given its strong EPS performance in previous quarters. However, the lack of revenue guidance raises concerns about future growth.

Bull Case

If Itron continues its trend of beating EPS estimates, it could signal strong operational performance and increased investor confidence.

Bear Case

On the other hand, if revenue growth does not meet expectations or if management provides weak guidance, it could lead to a sell-off.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate compared to last year?

This will be critical in determining if Itron is effectively expanding its market presence and meeting investor expectations.

How many new customers were acquired this quarter?

New customer acquisition is essential for future growth, and any significant changes could impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Itron's potential for revenue growth due to its strong focus on smart grid solutions, which are increasingly in demand.

Supporting Evidence

Options pricing indicates a potential move of 20.13%, suggesting traders expect significant changes.

Itron has consistently beaten EPS estimates, indicating strong operational performance.

The company's commitment to expanding its customer base could drive future revenue growth.

Key Risk

If revenue growth comes in below 5%, it could challenge the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Itron's ability to sustain growth in a competitive market.

Bull Confirmed If

Revenue growth of 15% or more year-over-year would confirm the bull case.

Bear Confirmed If

Revenue growth below 5% would indicate potential challenges and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±20.13%

Historical Avg

±8.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±20.1% while ITRI has averaged ±8.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

34.1%

Calls (8K)P/C Ratio: 1.87Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Itron beats expectations and raises guidance, history suggests the stock could see an average one-day move of +0.09%.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may react neutrally, reflecting uncertainty.

Miss

A miss on revenue could lead to a decline, with historical data suggesting an average one-day move of -21.12%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition numbers.
2Details on revenue growth compared to previous quarters.
3Management's outlook on market trends in energy and water management.
4Insights into operational efficiency improvements.
5Future product development plans in smart grid technology.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Itron, Inc. (ITRI) is a technology company that provides solutions for energy and water resource management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will show how well Itron is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its market share and improve its financial health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ITRI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+23.93%

Avg Stock Reaction

-0.50%

Last Quarter Recap

In Q1-2026, Itron reported an EPS of $1.49, exceeding expectations by 18.73%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Focus on expanding customer base in smart grid solutions.
Commitment to improving operational efficiency.
Plans to enhance product offerings in energy management.

Expectations

Wall Street Expectations

Bull Case

If Itron continues its trend of beating EPS estimates, it could signal strong operational performance and increased investor confidence.

Bear Case

On the other hand, if revenue growth does not meet expectations or if management provides weak guidance, it could lead to a sell-off.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate compared to last year?

This will be critical in determining if Itron is effectively expanding its market presence and meeting investor expectations.

How many new customers were acquired this quarter?

New customer acquisition is essential for future growth, and any significant changes could impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Itron's potential for revenue growth due to its strong focus on smart grid solutions, which are increasingly in demand.

Supporting Evidence

Options pricing indicates a potential move of 20.13%, suggesting traders expect significant changes.

Itron has consistently beaten EPS estimates, indicating strong operational performance.

The company's commitment to expanding its customer base could drive future revenue growth.

Key Risk

If revenue growth comes in below 5%, it could challenge the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Itron's ability to sustain growth in a competitive market.

Bull Confirmed If

Revenue growth of 15% or more year-over-year would confirm the bull case.

Bear Confirmed If

Revenue growth below 5% would indicate potential challenges and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±20.13%

Historical Avg

±8.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±20.1% while ITRI has averaged ±8.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

34.1%

Calls (8K)P/C Ratio: 1.87Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Itron beats expectations and raises guidance, history suggests the stock could see an average one-day move of +0.09%.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may react neutrally, reflecting uncertainty.

Miss

A miss on revenue could lead to a decline, with historical data suggesting an average one-day move of -21.12%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition numbers.
2Details on revenue growth compared to previous quarters.
3Management's outlook on market trends in energy and water management.
4Insights into operational efficiency improvements.
5Future product development plans in smart grid technology.