Itron Q2 GAAP EPS rises to $1.47 as revenue slips slightly to $607 million
Itron reported second-quarter 2025 results, with revenue of $607 million, down slightly from $609 million a year earlier, while GAAP diluted EPS rose to $1.47 from $1.10. The company also updated its full-year 2025 outlook to revenue of $2.35 billion to $2.4 billion and non-GAAP diluted EPS of $6.00 to $6.20, which gives shareholders a clearer view of profit and cash generation for the rest of the year.
Key points
- Revenue was $607 million versus $609 million a year earlier; Networked Solutions fell 1% and Outcomes rose 9%.
- GAAP diluted EPS was $1.47 versus $1.10; non-GAAP diluted EPS was $1.62 versus $1.21.
- Free cash flow was $91 million versus $45 million, and total backlog was $4.5 billion at quarter end.
- Q3 2025 outlook is revenue of $570 million to $585 million and non-GAAP diluted EPS of $1.45 to $1.55.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.