Recent Updates — ITRI

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.

Itron, Inc. reported financial results for the second quarter ended June 30, 2026. Revenue decreased 7% to $563 million, while annual recurring revenue increased 21% to $417 million. GAAP net income attributable to Itron was $53 million, or $1.19 per diluted share, compared to $68 million, or $1.47 per diluted share, in the prior year period. Adjusted EBITDA rose 8% to $97 million, and free cash flow was $81 million. The company raised its full-year 2026 non-GAAP diluted EPS outlook to between $6.30 and $6.50. Itron operates in the smart infrastructure sector, providing energy, water, and smart city solutions for utilities and municipalities.