Why Is ITRON INC EQUITY Equity (ITRI) Stock Up Today?

ITRI stock surged 24.64% to $105.67 in Tuesday’s session, driven by a strong earnings report and an upbeat outlook for the remainder of the year. The company reported non-GAAP earnings per share of $1.59, exceeding estimates by $0.30, and raised its full-year guidance for adjusted EPS and sales. The stock’s intraday trajectory reflected strong momentum, with a high of $106.00 reached in the final hours of trading.

What Happened

Itron released its second-quarter 2026 financial results on July 28, disclosing a non-GAAP EPS beat and an improved revenue outlook. The company reported revenue of $563 million, which fell short of estimates by $3.31 million, but its adjusted revenue for the year was raised to a range of $2.37 billion to $2.41 billion, compared to an estimate of $2.388 billion. Itron also increased its full-year adjusted EPS guidance to $6.30 to $6.50, up from $5.75 to $6.25. The company attributed the improved outlook to strong performance in its outcomes and networked solutions segments. A slide deck from the earnings call was published, highlighting the key financial and strategic developments. The SEC 8-K filing confirmed the results and provided additional details.

What The Data Shows

The stock opened at $84.48 and climbed steadily throughout the session, reaching a high of $106.00 at 2:10 PM ET. Trading volume was 2.3 million shares, three times the 3-month daily average. ITRI’s market cap is $3.7 billion, with a P/E ratio of 13.5. The stock is currently trading within its 52-week range of $77.77 to $142.00. Over the past 90 days, insiders have sold a total of $1.4 million in shares, with no insider purchases reported. Recent insider transactions include sales by senior executives in May and June.

What To Watch

The company is scheduled to release its third-quarter 2026 earnings in October. Investors will be watching for any further updates on its guidance and for broader market coverage as the stock continues to attract attention.