Earnings ·
Itron reports Q3 revenue of $599M and GAAP EPS of $1.61, beating expectations
ITRIItron, Inc.
Itron reported third-quarter revenue of $599 million, a 3% increase year-over-year, driven by growth in Outcomes and Resiliency Solutions segments. GAAP net income attributable to Itron was $71 million, or $1.61 per diluted share, up from $66 million, or $1.41 per share, in the prior year period. Non-GAAP diluted EPS reached $1.94, an increase of $0.40 compared to the previous quarter's $1.54. Adjusted EBITDA rose 18% to $115 million, while free cash flow decreased to $96 million from $113 million in the prior year period. The company also provided updated full-year 2026 revenue guidance between $2.37 billion and $2.385 billion. Itron operates as a global leader in energy, water, smart city, IIoT, and intelligent infrastructure services for utilities and cities.