Itron, Inc. (ITRI) Q3 Revenue $599M, EPS $1.61
Itron reported Q3 revenue of $599M, up from $582M a year ago, with adjusted gross margin of 41.3%. GAAP EPS was $1.61, and non-GAAP EPS was $1.94. The company's backlog was $4.3B, with bookings of $482M.
How this was made
The 30-second read
Why it matters
The earnings release provides fresh data on revenue, earnings, and margin trends, offering a basis for short‑term positioning.
Market read
First‑report Q3 earnings with modest revenue growth and notable margin expansion; relevant for traders monitoring utility tech stocks.
What to watch
Backlog of $4.3B and bookings of $482M could indicate future revenue acceleration not reflected in the current quarter.
Background
Itron is a provider of advanced metering infrastructure and utility analytics solutions, listed on NASDAQ under ITRI.
Ticker impact
Itron posted Q3 revenue of $599M (up from $582M YoY) and GAAP EPS of $1.61, with margin expanding 350 bps.
modest upside pressure as investors price in better margins while revenue growth remains modest
First‑report earnings release with new numbers; margin beat is positive, revenue is near prior year, likely leads to limited but positive price movement.
Market effects
Utility metering and smart‑grid sector may see modest interest as Itron signals margin improvement.
North American utility tech segment could see slight positive bias.
Limited; impact confined to Itron and its immediate peers.
Counterpoint
Flat revenue growth may signal demand slowdown; investors could stay cautious despite margin beat.
Key entities
- CompanyItron, Inc.
Utility metering and data analytics firm.
