Pivotal Point Tracking Itron (ITRI): Modernization of Power Grids Drives Profit Forecast and Software Growth of the Smart Grid Specialist

Itron is a leading specialist in smart energy and water management as well as smart grid solutions. On July 28, the company significantly exceeded profit expectations despite a slight decline in revenue to $563 million, delivering a record gross margin of 41.4%. A strong order backlog of $4.4 billion underscores the solid demand from utilities. Due to efficient operational development, management raised the forecast for adjusted earnings per share for the full year 2026 substantially to $6.30 to $6.50. Itron is benefiting greatly from the global...