Itron (ITRI) Q2 FY26 earnings call

Itron delivered a high-quality second quarter, showcasing structurally improved earnings power with record gross margin and strong free cash flow, despite in-line revenue. The company is benefiting from durable market trends driven by utility needs for grid intelligence and efficiency, with a growing pipeline and increasing contribution from higher-value software and services. The integration of recent acquisitions is on track, further enhancing its market position.