09:14 AM EDT, 07/31/2025 (MT Newswires) -- Itron ( ITRI ) reported Q2 non-GAAP earnings Thursday of $1.62 per diluted share, up from $1.21 a year earlier.

Analysts polled by FactSet expected $1.32.

Revenue for the quarter ended June 30 was $606.8 million, down from $609.1 million a year earlier.

Analysts surveyed by FactSet expected $609.4 million.

For Q3, the company said it expects non-GAAP earnings of $1.45 to $1.55 per diluted share.

Analysts polled by FactSet expect $1.27.

Revenue for the quarter is expected to be between $570 million and $585 million.

Analysts surveyed by FactSet expect $622.3 million.

For 2025, Itron ( ITRI ) said it now expects non-GAAP EPS of between $6 and $6.20, compared with its prior guidance of $5.20 to $5.60.

Analysts polled by FactSet expect $5.47.

Revenue for the year is expected to range between $2.35 billion and $2.40 billion, compared with its previous estimate of $2.40 billion to $2.50 billion.

Analysts surveyed by FactSet expect $2.47 billion.

Shares of the company were down 2.8% in recent Thursday premarket activity.