StockNASDAQ · US · USDTechnology · Scientific & Technical Instruments
$ITRI
ITRON, INC.
Itron provides technology and services that help utilities and cities manage electricity, gas, water, and city infrastructure. Its portfolio includes meters, sensors, control devices, communications networks, software, data analytics, and services for measuring and managing resources, operating networks, supporting distributed energy resources, and managing city services such as lighting. Itron also offers managed services, Software-as-a-Service, Network-as-a-Service, technical support, licensed hardware technology, and consulting. Its four segments are Device Solutions, Networked Solutions, Outcomes, and Resiliency Solutions. Itron sells standalone products and services as well as multi-year, end-to-end solutions, using direct sales for larger utility customers and indirect channels for smaller utilities and most municipalities. Outcomes offerings are primarily recurring in nature. Itron serves customers worldwide and is headquartered in Liberty Lake, Washington.
Canberra plans to upgrade 16,000 streetlights with Itron's smart lighting technology, expanding its network to 47,000 lights. The project aims to enhance public safety, operational efficiency, and sustainability. Itron (ITRI) collaborates with the ACT Government and Omexom for the expansion, leveraging its CityEdge software and NLC technology.
ITRI reported Q3 revenue of $599.3M, beating estimates, with adjusted EPS of $1.94. Guidance for Q4 revenue was below expectations, but EPS guidance was raised. Recurring revenue and software growth drove margin expansion, while operational discipline offset cost inflation. Bookings grew 20% YoY, with a backlog of $4.3B.
Itron, Inc.'s average stock price target increased from $128.44 to $129.44, with a range of $107 to $150, according to 9 analysts. This implies a 48% upside from the Oct. 26 closing price. The consensus rating remains 'Buy' among 14 analysts.
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ITRI sentiment & insider activity
Over the past 7 days, AlphAI's AI scored 7 news stories mentioning ITRI (ITRON, INC.). Coverage has skewed bullish: 5 bullish, 0 neutral, and 2 bearish.
Recent ITRI coverage spans earnings, financial news and technology.
What's driving ITRI
Contracted expansion of smart lighting controls should support Itron’s networked infrastructure revenue visibility, though the article provides no financial terms.
AlphAI scores every news story that mentions ITRI with an AI model for sentiment and relevance, and aggregates insider trades from ITRON, INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Canberra plans to upgrade 16,000 streetlights with Itron's smart lighting technology, expanding its network to 47,000 lights. The project aims to enhance public safety, operational efficiency, and sustainability. Itron (ITRI) collaborates with the ACT Government and Omexom for the expansion, leveraging its CityEdge software and NLC technology.
ITRI reported Q3 revenue of $599.3M, beating estimates, with adjusted EPS of $1.94. Guidance for Q4 revenue was below expectations, but EPS guidance was raised. Recurring revenue and software growth drove margin expansion, while operational discipline offset cost inflation. Bookings grew 20% YoY, with a backlog of $4.3B.
Itron, Inc.'s average stock price target increased from $128.44 to $129.44, with a range of $107 to $150, according to 9 analysts. This implies a 48% upside from the Oct. 26 closing price. The consensus rating remains 'Buy' among 14 analysts.
BNP Paribas Exane reduced its price target for Itron Inc. (ITRI) to $105 from $115, citing a valuation multiple adjustment. The stock trades at $94.55, below the analyst consensus range. The firm notes increased spending on AMI meter replacements, projecting significant revenue growth for Itron. The company recently reported Q3 2026 earnings that exceeded expectations, with revenue of $599.3 million and non-GAAP EPS of $1.94.
ITRON, INC. (ITRI) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Itron Announces Third Quarter 2026 Financial Results LIBERTY LAKE, Wash., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today financial results for its third q
Itron (ITRI) reported Q3 Non-GAAP EPS of $1.94, exceeding estimates by $0.38, with revenue of $599.33M, up 3.0% Y/Y and beating by $3.85M. The company forecasted Q4 revenue between $621M and $636M, below the consensus of $642.75M. Itron also provided an updated full-year 2026 outlook.
Itron reported $81M in Q2 2026 free cash flow, down from $91M YoY, due to higher taxes and lower interest income. Adjusted gross margin hit a record 41.4%, and adjusted EBITDA rose 8% to $97M. The company's $4.4B backlog and 21% recurring revenue growth support future visibility. Management expects Q3 revenue of $590M-$600M, with full-year margins near 40%.
Itron (ITRI) and PG&E (PCG) are expanding their collaboration to deploy about 3,000 grid edge sensors in high fire-risk areas to improve wildfire prevention and grid reliability. The technology aims to detect and classify faults in real-time, enabling faster response and reducing outages. PG&E plans to scale the deployment to 10,000 devices by 2027 and hundreds of thousands by 2030, with partial funding from the EPIC program.
Itron, Inc. (ITRI) is integrating its 500G and 500W modules with AT&T’s LTE-M network, allowing utilities to remotely collect meter data. This move supports Itron’s cellular AMI strategy, responding to utility needs for flexible connectivity.
Itron launched GEI Catalyst: Feeder Reliability, a solution to help utilities improve grid reliability. It leverages existing infrastructure, reducing outage times by 6-12 minutes (10% SAIDI improvement) and potentially saving $40M-$90M annually for a utility with 1M customers. The solution was validated through projects with North American utilities.