Earnings summaries and quarterly performance for ITRON.
Executive leadership at ITRON.
Tom Deitrich
Detailed
President and Chief Executive Officer
CEO
CW
Christopher Ware
Detailed
Senior Vice President, General Counsel and Corporate Secretary
DR
Donald Reeves
Detailed
Senior Vice President, Outcomes
JH
Joan Hooper
Detailed
Senior Vice President and Chief Financial Officer
JM
John Marcolini
Detailed
Senior Vice President, Networked Solutions
JP
Justin Patrick
Detailed
Senior Vice President, Device Solutions
Board of directors at ITRON.
Research analysts who have asked questions during ITRON earnings calls.
BK
Ben Kallo
Robert W. Baird & Co.
4 questions for ITRI
Also covers: ALB, AMRC, BE +15 more
JO
Jeffrey Osborne
TD Cowen
4 questions for ITRI
Also covers: ASPN, AUR, BLDP +14 more
Noah Kaye
Oppenheimer & Co. Inc.
4 questions for ITRI
Also covers: AAON, AMRC, BWA +16 more
Scott Graham
Seaport Research Partners
4 questions for ITRI
Also covers: AEIS, AME, AOS +8 more
Austin Moeller
Canaccord Genuity
3 questions for ITRI
Also covers: , ACHR, AVAV +19 more
CM
Chip Moore
EF Hutton
3 questions for ITRI
Also covers: AMPX, ASPN, CMT +3 more
JO
Joseph Osha
Guggenheim Partners
2 questions for ITRI
Also covers: AMRC, ARRY, CHPT +11 more
AM
Alfred Moore
C.L. King & Associates
1 question for ITRI
Also covers: AMPX, CMT, DFLI +5 more
KH
Kashy Harrison
Piper Sandler
1 question for ITRI
Also covers: AMRC, ARRY, BE +13 more
Mark W. Strouse
J.P. Morgan Chase & Co.
1 question for ITRI
Also covers: ARRY, BE, BEP +15 more
Martin Malloy
Johnson Rice
1 question for ITRI
Also covers: BE, BLDP, EOSE +6 more
Moses Sutton
BNP Paribas
1 question for ITRI
Also covers: ENPH, FSLR, GEV +4 more
PM
Pavel Molchanov
Raymond James
1 question for ITRI
Also covers: ADSE, ALTM, AMRC +14 more
Recent press releases and 8-K filings for ITRI.
Itron and PG&E Expand Collaboration for Grid Edge Intelligence Deployment
ITRI
New Projects/Investments
Product Launch
- Itron and Pacific Gas and Electric Company (PG&E) are expanding their collaboration to integrate and deploy Itron’s Grid Edge Intelligence solutions.
- The initiative aims to make home electrification, including EV charging, easier and more affordable for customers by enabling devices to automatically adjust charging speeds based on home electrical limits and local grid conditions, potentially avoiding costly electrical upgrades.
- This collaboration will enhance grid management by providing real-time grid awareness, wildfire mitigation capabilities, and improved load management for PG&E.
- PG&E intends to install up to 1,000 new Itron devices through 2026, with plans for scaling to hundreds of thousands of devices.
1 day ago
SEEQC Establishes US-Taiwan Quantum Technology Ecosystem
ITRI
New Projects/Investments
Equity Issuance
- SEEQC has established a US-Taiwan quantum technology ecosystem through strategic partnerships with Kinpo Group, Industrial Technology Research Institute (ITRI), and National Taiwan University to accelerate the commercialization of its single flux quantum (SFQ)-based quantum computing platform.
- The collaborations involve Kinpo Group developing scalable room-temperature electronic systems and acting as a strategic investor, ITRI supporting superconducting chip manufacturing and mass production, and National Taiwan University (along with UC Berkeley) advancing high-speed CMOS interface technology for SEEQC's SFQ processors.
- SEEQC completed a new round of equity financing with participation from Taiwanese strategic partners.
- SEEQC will retain its core quantum architecture and intellectual property in the United States while strategically leveraging Taiwan's world-class capabilities in semiconductor and electronics manufacturing.
Jan 9, 2026, 3:53 PM
Itron Reports Strong 2024 Performance Amid Growing Smart Meter Market
ITRI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- The global smart meter market was valued at USD 30.19 billion in 2025 and is projected to reach USD 112.71 billion by 2035, growing at a CAGR of 14.08% during the forecast period of 2026–2035.
- Hardware components are the primary revenue driver, accounting for 62.99% of the total market value in 2025.
- Itron Inc. achieved full-year revenue of USD 2.4 billion for 2024, with its total backlog reaching a record USD 4.7 billion and new bookings of USD 2.7 billion in the same year.
- Itron posted a net income of USD 239 million and free cash flow of USD 208 million for the full year 2024, and projects Q1 2025 revenue of at least USD 610 million.
Jan 8, 2026, 12:30 PM
Itron to Acquire Locusview
ITRI
M&A
New Projects/Investments
- Itron, Inc. (ITRI) has entered into a definitive agreement to acquire Locusview, Ltd., a privately held utility-focused software and services company.
- The acquisition is valued at $525 million and will be financed with cash on hand.
- The transaction is expected to close in January 2026.
- Locusview's digital construction management platform will enhance Itron's Resiliency Solutions offerings.
Nov 17, 2025, 1:35 PM
Itron Reports Strong Q3 2025 Financial Results Amidst Project Delays and Announces Urbint Acquisition
ITRI
Earnings
Guidance Update
M&A
- Itron reported strong Q3 2025 financial results, including revenue of $582 million, adjusted EBITDA of $97 million, and non-GAAP earnings per share of $1.54. The company also achieved a record gross margin of 37.7% and record free cash flow of $113 million.
- Third-quarter bookings were $380 million, contributing to a total backlog of $4.3 billion. However, lower than expected bookings and extended project deployment schedules are anticipated to result in a book-to-bill ratio below one-to-one for 2025, with Network Solutions revenue decreasing 6% year over year.
- The company announced the $325 million all-cash acquisition of Urbint, a SaaS-based business, expected to close in Q4 2025. Itron also provided Q4 2025 revenue guidance of $555 million to $565 million and raised its full-year 2025 non-GAAP EPS outlook to $6.84 to $6.94, partly due to a favorable tax item.
Oct 30, 2025, 2:00 PM
Itron Reports Record Q3 2025 Profitability and Updates Full-Year Outlook
ITRI
Earnings
Guidance Update
M&A
- Itron achieved record margins, profit, and free cash flow in Q3 2025, with revenue of $582 million, adjusted EBITDA of $97 million, non-GAAP earnings per share of $1.54, and free cash flow of $113 million. The gross margin reached a company record of 37.7%.
- Q3 bookings were $380 million, contributing to a total backlog of $4.3 billion at quarter-end. Outcomes-related backlog saw significant growth, increasing 36% year-over-year and now comprising over 20% of the total backlog.
- For Q4 2025, Itron forecasts revenue between $555 million and $565 million and non-GAAP EPS of $2.15 to $2.25, which includes a favorable tax benefit. The full-year 2025 non-GAAP EPS outlook was raised to $6.84 to $6.94.
- Itron announced the acquisition of Urbant for $325 million in an all-cash transaction, expected to close in Q4 2025. This SaaS-based business focuses on operational resilience solutions for utilities.
Oct 30, 2025, 2:00 PM
Itron Announces Q3 2025 Results and Updates Full-Year Outlook
ITRI
Earnings
Guidance Update
Demand Weakening
- Itron reported Q3 2025 revenue of $582 million and Non-GAAP diluted EPS of $1.54. Revenue decreased 5% year-over-year, and Non-GAAP diluted EPS decreased 16% year-over-year.
- Free cash flow increased significantly by 93% year-over-year to $113.4 million in Q3 2025, primarily due to improved working capital, decreased tax payments, and higher earnings.
- The company's ending backlog stood at $4.3 billion as of Q3 2025, with Q3 2025 bookings reported at $380 million.
- For Q4 2025, Itron projects revenue between $555 million and $565 million and Non-GAAP diluted EPS between $2.15 and $2.25.
- The full-year 2025 Non-GAAP EPS outlook was revised upwards to $6.84 - $6.94, while the revenue outlook was narrowed to $2.35 - $2.36 billion.
Oct 30, 2025, 2:00 PM
Itron Reports Strong Q3 2025 Financials, Acquires Urbant, and Updates 2025 Outlook
ITRI
Earnings
Guidance Update
M&A
- Itron reported Q3 2025 revenue of $582 million, adjusted EBITDA of $97 million, and non-GAAP earnings per share of $1.54, setting new records for margins, profit, and free cash flow.
- The company announced the acquisition of Urbant for $325 million in an all-cash transaction, expected to close during the fourth quarter of 2025, to enhance its operational resilience solutions.
- Q3 bookings were $380 million, contributing to a total backlog of $4.3 billion at quarter-end, though lower than expected bookings and project deployment delays have tempered year-end booking expectations and impacted Network Solutions revenue.
- Itron updated its full-year 2025 revenue outlook to $2.35 billion to $2.36 billion and non-GAAP EPS to $6.84 to $6.94, while providing Q4 2025 revenue guidance of $555 million to $565 million and non-GAAP EPS of $2.15 to $2.25.
Oct 30, 2025, 2:00 PM
Itron Announces Third Quarter 2025 Financial Results and Updates Full Year Outlook
ITRI
Earnings
Guidance Update
M&A
- Itron reported Q3 2025 revenue of $582 million, a 5% decrease compared to the prior year, alongside GAAP diluted EPS of $1.41 and non-GAAP diluted EPS of $1.54.
- The company achieved record margin, profitability, and cash flow in Q3 2025, with Adjusted EBITDA increasing 10% to $97 million and free cash flow rising $55 million to $113 million.
- Itron updated its full-year 2025 revenue outlook to between $2.35 billion and $2.36 billion and non-GAAP diluted EPS to between $6.84 and $6.94.
- The company announced the acquisition of Urbint, Inc. for $325 million in cash, expected to close in Q4 2025.
Oct 30, 2025, 12:35 PM
Itron Announces Q3 2025 Financial Results and Urbint Acquisition
ITRI
Earnings
Guidance Update
M&A
- Itron (ITRI) reported Q3 2025 revenue of $582 million, a 5% decrease from the prior year, with GAAP diluted EPS of $1.41 and Non-GAAP diluted EPS of $1.54.
- Despite the revenue decrease, the company achieved strong profitability and cash flow, with Adjusted EBITDA increasing 10% to $97 million and free cash flow rising $55 million to $113 million compared to Q3 2024. Gross margin also improved by 360 basis points to 37.7%.
- Itron updated its full-year 2025 revenue outlook to between $2.35 to $2.36 billion and Non-GAAP diluted EPS to between $6.84 to $6.94. The Q4 2025 outlook projects revenue between $555 and $565 million and Non-GAAP diluted EPS between $2.15 and $2.25.
- The company's total backlog increased to $4.3 billion at quarter end, up from $4.0 billion in the prior year.
- Itron announced the acquisition of Urbint, Inc. for $325 million in cash, expected to close during the fourth quarter of 2025.
Oct 30, 2025, 12:30 PM
Quarterly earnings call transcripts for ITRON.
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