AlphAIAlphAI — Financial news for AI agents
tradingview.comOCT 272 min read$ITRI

Itron 3Q 2026: Revenue $599.33M, Net income $71.37M, EPS $1.61— 10-Q Summary

Itron reported Q3 2026 revenue of $599.33M, up 3% YoY, with net income of $71.37M (up 8.8%) and EPS of $1.61 (up 14.2%). Services revenue grew 26%, offsetting a 1% product revenue decline. Annual recurring revenue reached $423M, up from $339M. The company acquired Locusview to expand its offerings.

Original reporting
tradingview.com
Published Oct 27, 2026, 4:51 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 27, 2026, 5:01 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
Itron 3Q 2026: Revenue $599.33M, Net income $71.37M, EPS $1.61— 10-Q Summary — source image
Source · tradingview.com
Decision brief

The 30-second read

$ITRIBullishMed
01

Why it matters

Earnings beat and acquisition suggest near‑term revenue acceleration but cash constraints remain.

02

Market read

Itron's earnings and acquisition provide a catalyst for the smart‑grid sector, with potential upside for related stocks.

03

What to watch

Cash runway of only 12 months may constrain future investments.

Relevance 7/10Novelty 8/10Timing: after-hours release

Background

Itron is a provider of advanced metering infrastructure and utility analytics.

Company-level read

Ticker impact

$ITRIBullishHigh confidence
Context

Itron reported Q3 2026 results with revenue $599.33M, net income $71.37M and EPS $1.61, plus acquisition of Locusview.

Expected impact

likely upward pressure as market prices in earnings beat and acquisition news

Evidence & confidence

Numbers exceed prior expectations and services revenue surged 26%, supporting a bullish view.

Market effects

Sector

Strong services growth may lift other utility metering and smart‑grid firms.

Regional

North American utility tech sector could see modest gains.

Global

Limited to niche smart‑metering and construction‑tech markets.

Counterpoint

What could challenge this read

Acquisition integration risk could offset earnings upside.

Key entities

  • Company
    Locusview

    Acquired to expand digital construction management within Itron's Resiliency Solutions.

Read at source← All news

StoryItron reports Q3 earnings beat and raises full-year adjusted EPS outlook

Also covered by

4 outlets

Related articles

OCT 28
$ITRIMed

Needham maintains Buy rating on Itron, $137 price target

Needham kept its Buy rating on Itron (ITRI) with a $137 price target, suggesting a 44.9% upside from the Oct 27 close. The firm cited Itron's strong 3Q2026 results, including adjusted EPS of $1.94, and a 25% year-over-year increase in annual recurring revenue, according to the analyst note.

tradingview.com1 min
OCT 28
$ITRIHighAI 8/10

Itron reports strong Q3 earnings

Itron Inc. reported Q3 earnings exceeding expectations, with revenue of $599M and raised full-year profit outlook. Shares rose 7% to $94.50. The company beat EPS estimates by $0.38 and expects annual EPS of $6.72-$6.82. Q4 revenue estimates were below consensus at $621M-$636M. Annual recurring revenue grew 25% to $423M, according to the company.

finance.yahoo.com2 min
OCT 28
$ITRIMed

Itron Inc (ITRI) (Q3 2026) Earnings Call Highlights: Record Adjusted EBITDA

Itron Inc (ITRI) reported Q3 2026 earnings with record adjusted EBITDA but saw revenue declines in Device and Networked Solutions. Free cash flow dropped to $96M from $96M a year ago. CEO Tom Deitrich highlighted OpenWay Forward as a competitive advantage, while noting potential margin pressures from rising component costs. The gas market opportunity remains uncertain. AI is being deployed across various solutions, and the company sees potential in expanding grid anomaly detection.

finance.yahoo.com3 min
OCT 27
$ITRIMedAI 8/10

Itron, Inc. Q3 2026 Earnings Call Summary

Itron, Inc. reported 20% operating income growth on 3% revenue growth in Q3 2026, driven by structural improvements. Annual Recurring Revenue (ARR) grew 25% year-over-year. The company raised its full-year earnings outlook and provided Q4 revenue guidance of $621M-$636M. Management highlighted growth opportunities in gas distribution and Grid Edge Intelligence, with a total backlog of $4.3B.

finance.yahoo.com2 min
OCT 27
$ITRIHighAI 8/10

Itron (ITRI) Q3 2026 Earnings Call Transcript

Itron (ITRI) reported Q3 2026 revenue of $599M, up 3% YoY, with adjusted EBITDA of $115M and non-GAAP EPS of $1.94. The company highlighted strong demand for its Grid Edge Intelligence and Resiliency Solutions, with bookings up 2027% YoY. Itron raised its full-year earnings outlook and narrowed its revenue range, citing operational efficiencies and customer wins.

finance.yahoo.com2 min
OCT 27
$ITRIHighAI 8/10

Itron Q3 Earnings Call Highlights

Itron reported Q3 revenue of $588M, with Device and Networked Solutions down 1% and Outcomes up 9%. Gross margins improved across segments. Total debt was $1.6B with $1.6B in liquidity. Bookings rose 27% YoY to $482M. Q4 revenue forecast is $621M-$636M, with full-year adjusted EPS raised to $6.72-$6.82. Itron sees growth in grid intelligence and resiliency solutions.

finance.yahoo.com2 min