Itron
Connects utility meters, networks, analytics, and infrastructure-resiliency software.
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Profile
Sells meters, connected endpoints, communications networks, and software to utilities and cities managing energy, water, and critical infrastructure. Revenue spans devices, end-to-end network deployments, recurring analytics and managed services, plus software for worker safety, damage prevention, emergency response, and utility construction.
Combines electric, gas, water, and heat meters with communicating endpoints, multipurpose networks, and operational software for utilities and cities worldwide. Device Solutions covers measurement, control, and sensing hardware. Networked Solutions packages smart meters, modules, sensors, communications infrastructure, headend software, and applications for metering, grid-edge, distributed-energy, and smart-city uses.
Turns device and network data into recurring software and managed services through Outcomes, including data management, grid operations, forecasting, customer engagement, water-loss reduction, revenue assurance, and distributed-energy management. Resiliency Solutions adds Urbint's worker-safety, damage-prevention, and emergency-response software and Locusview's digital construction management. Large deployments can span multiple years, with bookings and revenue timing shaped by regulatory or contractual approvals, component availability, and customer project schedules.
Company facts
Categories
Key statistics
Year to date +3.3% · Average volume (30d) 953.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | Seaport Global | Reiterate | Buy | $138 | $150 | |
| Jul 29, 2026 | Needham | Reiterate | Buy | $128 | ||
| Jul 29, 2026 | Robert W. Baird | Target | $128 | $125 | ||
| Apr 29, 2026 | Roth Capital | Target | $102 | $136 | ||
| Apr 16, 2026 | Oppenheimer | Reiterate | Outperform | $133 | $135 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $1.29 | $1.59 | +23.3% | $566.3M | $562.9M | −0.6% | +26.23% |
| Apr 28, 2026Q1 FY26 | $1.26 | $1.49 | +18.3% | $572.0M | $587.0M | +2.6% | −4.95% |
| Feb 17, 2026Q4 FY25 | $2.19 | $2.46 | +12.3% | $561.5M | $571.7M | +1.8% | +3.27% |
| Oct 30, 2025Q3 FY25 | $1.48 | $1.54 | +4.1% | $561.3M | $581.6M | +3.6% | −7.95% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $607.2M | $606.8M | $581.6M | $571.7M | $587.0M | $562.9M | |
| Gross profit | $217.2M | $223.6M | $219.5M | $231.7M | $236.3M | $230.6M | |
| Operating income | $75.7M | $77.7M | $82.0M | $78.7M | $67.8M | $76.1M | |
| Net income | $65.5M | $68.3M | $65.6M | $101.6M | $53.5M | $53.3M | |
| Diluted EPS | $1.42 | $1.47 | $1.41 | $2.21 | $1.18 | $1.19 | |
| Gross margin | 35.8% | 36.9% | 37.7% | 40.5% | 40.3% | 41.0% | |
| Operating margin | 12.5% | 12.8% | 14.1% | 13.8% | 11.5% | 13.5% |
Fiscal years (4-quarter sums)FY21 $1.98B · FY22 $1.80B · FY23 $2.17B · FY24 $2.44B · FY25 $2.37B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $745.2M · Total debt $147.6M · Total assets $3.99B · Shareholders' equity $1.62B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 43.79M · Float 43.05M · 98.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.13M | 16.29% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.50M | 7.99% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.00M | 4.57% | 13F | Aug 13, 2026 |
| Impax Asset Management Group PLC | 1.93M | 4.40% | 13F | Aug 11, 2026 |
| State Street Corp | 1.81M | 4.13% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Donald L. III Reeves | officer: SVP, Outcomes | −283 | $99.99 |
| Aug 24, 2026 | Donald L. III Reeves | officer: SVP, Outcomes | −329 | $98.79 |
| Aug 24, 2026 | David Marshall Wright | officer: VP, Corp. Controller & CAO | −76 | $98.79 |
| Aug 24, 2026 | Justin K. Patrick | officer: SVP, Device Solutions | −222 | $98.79 |
| Aug 24, 2026 | Laurie Ann Pulatie-Hahn | officer: SVP, HR | −178 | $98.79 |
Peers
- Gladstone Land
Direct AMI peer in smart meters, networks, and analytics
- Hubbell
Aclara overlap in AMI meters, communications, and utility grids
- Xylem
Sensus overlap in water, electric, gas AMI, and analytics
- Badger Meter
Water AMI peer in meters, cellular endpoints, and SaaS
- Honeywell Technologies
Elster and Honeywell overlap in meters, AMI, and utility data
- Oracle
Utility software rival in MDM, DERMS, and customer systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Itron | $97.53 | −0.06% | $4.27B | 16.3 | 15.1 | 1.9 | −7.2% |
| Gladstone Land | $8.99 | +0.13% | $386.9M | — | — | 4.4 | +3.2% |
| Hubbell | $464.00 | +0.93% | $24.29B | 27.2 | 21.3 | 3.9 | +15.3% |
| Xylem | $112.64 | +1.19% | $25.99B | 26.5 | 18.9 | 2.8 | +1.5% |
| Badger Meter | $136.00 | +0.23% | $3.93B | 31.7 | 29.0 | 4.5 | −6.6% |
| Honeywell Technologies | $217.85 | +0.18% | $68.91B | 8.4 | 23.7 | 1.9 | −49.9% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| Median | 26.5 | 21.3 | 4.1 | +2.4% |