Summary：**Badger Meter Q2 2026 Earnings Preview: Strong $1.03 EPS Expected, Report July 22***Introduction*

**Badger Meter Q2 2026 Earnings Preview: Strong $1.03 EPS Expected, Report July 22**

*Introduction*
Investors are turning their attention to Badger Meter, Inc. as the company prepares to release its second‑quarter 2026 results on July 22. Analyst consensus points to an earnings per share (EPS) of roughly $1.03, a figure that would mark a modest but meaningful improvement over the prior year’s quarter. The preview has sparked discussion about the firm’s ability to sustain growth amid a shifting utility‑technology landscape, and the upcoming report will be a key test of management’s guidance for the remainder of the fiscal year.

*Key Developments*
Several factors are shaping the outlook for Q2. First, Badger Meter’s smart water‑meter segment continues to win contracts in North American municipalities looking to replace aging infrastructure with IoT‑enabled devices. Recent wins in Texas and the Midwest have added an estimated $45 million to the backlog, according to filings. Second, the company’s cost‑saving initiatives—particularly a streamlined supply chain for its core mechanical meters—have begun to lower operating expenses by roughly 3 percent year‑over‑to‑date. Third, a modest uptick in average selling price for its ultrasonic meters, driven by higher demand for leak‑detection features, is expected to lift revenue per unit. Together, these developments underpin the EPS forecast, though any deviation could hinge on the timing of large‑scale project rollouts and the impact of raw‑material price volatility.

*Industry Analysis*
The water‑metering industry is undergoing a gradual digital transformation, spurred by federal incentives for smart‑grid upgrades and stricter water‑conservation regulations. According to a recent market study, global spending on advanced metering infrastructure (AMI) is projected to grow at a compound annual rate of 6.4 percent through 2028, creating a favorable backdrop for Badger Meter’s core offerings. Competitors such as Itron and Sensus are also expanding their AMI portfolios, which intensifies price pressure but also validates the market’s long‑term growth thesis. Badger Meter