Itron reports Q3 earnings beat and raises full-year adjusted EPS outlook
+1 new source since this summary was written
Itron reported Q3 2026 revenue of $599.3M, up 3% year over year on a reported basis, with GAAP diluted EPS of $1.61 and non-GAAP diluted EPS of $1.94. Adjusted gross margin was 41.3%, and adjusted EBITDA was $114.5M. The company guided to Q4 reported revenue of $621M-$636M and non-GAAP diluted EPS of $1.70-$1.80, while its full-year reported revenue outlook was $2.37B-$2.385B and its non-GAAP diluted EPS outlook was $6.72-$6.82.
Why it matters
The quarter produced stronger non-GAAP earnings than expected, while the company raised its full-year non-GAAP diluted EPS outlook and narrowed its full-year reported revenue range. said the Q4 reported revenue forecast was below consensus, creating a more mixed outlook despite the earnings beat.
Key facts
- 1Q3 reported revenue was $599.3M, compared with $581.6M in the year-earlier quarter, while GAAP net income attributable to Itron was $71.4M and GAAP diluted EPS was $1.61. tradingview.com
- 2Non-GAAP diluted EPS was $1.94, up from $1.54 in the prior-year quarter, and adjusted gross margin was 41.3%, up from 37.7%. tradingview.com
- 3Itron forecast Q4 reported revenue of $621M to $636M and non-GAAP diluted EPS of $1.70 to $1.80. tradingview.com
- 4The updated full-year outlook was reported revenue of $2.37B to $2.385B and non-GAAP diluted EPS of $6.72 to $6.82. tradingview.com
- 5Quarter-end backlog was $4.3B and quarterly bookings were $482M. tradingview.com
- 6Annual recurring revenue increased 25% to $423M. tradingview.com
Open questions
- reports Q4 revenue guidance of $628.5M, which conflicts with the $621M-$636M Q4 reported revenue range, and.
- reports Q3 revenue of $588M, conflicting with the $599.3M Q3 reported revenue figure, and.
- says bookings rose 2027% year over year, a claim not corroborated by the other materials, which report bookings of $482M without that growth rate.
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.