Itron raised full-year earnings guidance after reporting Q2 non-GAAP EPS of $1.59, beating estimates of $1.29.
Shares of Itron (NASDAQ: ITRI) climbed 17.4% this week after the company reported stronger-than-expected second-quarter earnings and lifted its full-year guidance. Non-GAAP earnings per share reached $1.59, surpassing analyst expectations of $1.29.
The utility technology provider, which supplies grid intelligence and metering solutions, cited rising demand for its products amid the AI-driven infrastructure build-out. Itron now expects full-year EPS of $6.40 at the midpoint, implying a forward P/E ratio slightly above 15 at its current price near $100.
Management highlighted robust demand for grid stability solutions as the AI sector expands, reinforcing confidence in the company’s growth outlook.