Equity Profile

ITRI

Itron, Inc.

Information TechnologyElectronic Equipment & Instruments$3.5B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Itron, Inc. 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 profitability and will show how well Itron is managing its costs and generating profits.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, which is crucial for future success.

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. is a technology company that provides solutions for energy and water resource management. Operating in the Information Technology sector, Itron's products help utilities manage their resources more efficiently, which is increasingly important as global demand for energy and water rises.

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%. The stock saw a slight increase of 0.09% the following day, indicating a mixed reaction from investors.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Itron's earnings report, given its strong track record of beating EPS estimates. However, there are concerns about revenue growth and operational efficiency.

Bull Case

If Itron continues its trend of beating EPS estimates, it could signal strong underlying business performance and lead to a positive stock reaction.

Bear Case

On the other hand, if revenue growth is lackluster or operational challenges are highlighted, it could dampen investor sentiment and lead to a negative stock response.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given Itron's history of beating EPS estimates, this number will be crucial in determining investor sentiment and stock movement.

How is Itron addressing operational efficiency and revenue growth?

Investors will be looking for insights into how the company plans to improve margins and drive sales, which are critical for long-term success.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Itron's ability to sustain its EPS growth despite potential revenue challenges. The company's focus on operational efficiency could lead to better-than-expected margins.

Supporting Evidence

Itron has consistently beaten EPS estimates, suggesting strong management performance.

The options market is pricing a significant move, indicating that investors expect volatility that may not align with consensus expectations.

Key Risk

If Itron's EPS comes in above $1.60, it could challenge the current cautious sentiment and lead to a positive reevaluation of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Itron can maintain its strong earnings performance while also addressing revenue growth and operational challenges.

Bull Confirmed If

An EPS of $1.60 or higher would confirm the bull case and indicate strong profit generation.

Bear Confirmed If

An EPS below $1.40 would confirm the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±20.13%

Historical Avg

±8.0%

Pricing rich

The options market is pricing in a significant potential move for Itron's stock, suggesting that investors 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%, confirming strong underlying business performance.

In-Line / Cautious

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

Miss

If Itron misses EPS estimates, history suggests a potential average one-day move of -21.12%, indicating a significant negative reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency initiatives and their impact on margins.
2Details on revenue growth strategies and customer acquisition.
3Insights into market demand for energy and water management solutions.
4Management's outlook on competitive pressures and market trends.
5Any commentary on future guidance and expectations for the next quarter.

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. 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 profitability and will show how well Itron is managing its costs and generating profits.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, which is crucial for future success.

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%. The stock saw a slight increase of 0.09% the following day, indicating a mixed reaction from investors.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Itron continues its trend of beating EPS estimates, it could signal strong underlying business performance and lead to a positive stock reaction.

Bear Case

On the other hand, if revenue growth is lackluster or operational challenges are highlighted, it could dampen investor sentiment and lead to a negative stock response.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given Itron's history of beating EPS estimates, this number will be crucial in determining investor sentiment and stock movement.

How is Itron addressing operational efficiency and revenue growth?

Investors will be looking for insights into how the company plans to improve margins and drive sales, which are critical for long-term success.

Edge

What the Street Is Missing

Why consensus could be wrong

Supporting Evidence

Itron has consistently beaten EPS estimates, suggesting strong management performance.

The options market is pricing a significant move, indicating that investors expect volatility that may not align with consensus expectations.

Key Risk

If Itron's EPS comes in above $1.60, it could challenge the current cautious sentiment and lead to a positive reevaluation of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Itron can maintain its strong earnings performance while also addressing revenue growth and operational challenges.

Bull Confirmed If

An EPS of $1.60 or higher would confirm the bull case and indicate strong profit generation.

Bear Confirmed If

An EPS below $1.40 would confirm the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±20.13%

Historical Avg

±8.0%

Pricing rich

The options market is pricing in a significant potential move for Itron's stock, suggesting that investors 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%, confirming strong underlying business performance.

In-Line / Cautious

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

Miss

If Itron misses EPS estimates, history suggests a potential average one-day move of -21.12%, indicating a significant negative reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency initiatives and their impact on margins.
2Details on revenue growth strategies and customer acquisition.
3Insights into market demand for energy and water management solutions.
4Management's outlook on competitive pressures and market trends.
5Any commentary on future guidance and expectations for the next quarter.