Inferra AI / Company / ITRI
Itron, Inc.
ITRI · Information Technology
Last earnings Oct 27, 2026
Key results
Revenuequarter
$582 million
Key results for the quarter include (compared with the third quarter of 2024): Revenue of $582 million, decreased 5%; GAAP net income attributable to Itron, Inc.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
GAAP EPSquarter
$1.41
of $66 million, decreased $12 million; GAAP diluted earnings per share of $1.41, decreased $0.29 per share; Non-GAAP diluted EPS of $1.54, decreased $0.30 per share; Adjusted EBITDA of $97 million, increased 10%; and Free cash flow of $113 million, increased $55 million.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Non-GAAP EPSquarter
$1.54
of $66 million, decreased $12 million; GAAP diluted earnings per share of $1.41, decreased $0.29 per share; Non-GAAP diluted EPS of $1.54, decreased $0.30 per share; Adjusted EBITDA of $97 million, increased 10%; and Free cash flow of $113 million, increased $55 million.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Free cash flowquarter
$113 million
of $66 million, decreased $12 million; GAAP diluted earnings per share of $1.41, decreased $0.29 per share; Non-GAAP diluted EPS of $1.54, decreased $0.30 per share; Adjusted EBITDA of $97 million, increased 10%; and Free cash flow of $113 million, increased $55 million.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
" Summary of Third Quarter Consolidated Financial Results (All comparisons made are against the prior year period unless otherwise noted) Revenue Total third quarter revenue of $582 million compared to $615 million in the prior year.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Device Solutions revenuequarter
16%
Device Solutions revenue decreased 16%, or 19% in constant currency, due to lower legacy electricity product sales related to portfolio optimization in EMEA and lower North American water volumes.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Networked Solutions revenuequarter
6%
Networked Solutions revenue decreased 6% due to the timing of project deployments.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Outcomes revenuequarter
11%
Outcomes revenue increased 11%, or 10% in constant currency, due to increased recurring revenue.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Gross marginquarter
37.7%
Gross Margin Itron's third quarter gross margin of 37.7% increased 360 basis points from the prior year due to customer and product mix.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Operating incomequarter
$138 million
Operating Expenses and Operating Income GAAP operating expenses of $138 million increased $2 million from the prior year.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
AI analysis
Q3 2025 · reported Oct 30, 2025
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $582 million | — | — |
| GAAP EPS | $1.41 | — | — |
| Non-GAAP EPS | $1.54 | — | — |
| Free cash flow | $113 million | — | — |
| Device Solutions revenue | 16% | — | — |
| Networked Solutions revenue | 6% | — | — |
| Outcomes revenue | 11% | — | — |
| Gross margin | 37.7% | — | — |
Guidance · company-stated
Direction: Raised
“If the revised AETR increases or decreases by 200 basis points or more from the budgeted AETR due to changes in the full-year forecast during the year, the revised AETR is used in place of the budgeted AETR beginning with the quarter the 200 basis point threshold is exceeded and going forward for all subsequent interim quarters in the year.”
“We continue to assess the AETR based on latest forecast throughout the year and use the most recent AETR anytime it increases or decreases by 200 basis points or more from the prior interim period.”
Classified from the release's primary full-year outlook statement.
Margin
Cash flow & capex
Capital allocation
, which excludes the expenses associated with amortization of intangible assets, amortization of debt placement fees, restructuring, loss on sale of business, strategic initiative expense, acquisition and integration related expenses, and the tax effect of excluding these expenses, was $72 million, or $1.54 per diluted share, compared with $84 million, or $1.84 per diluted share, in 2024.
Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and ability to service debt by excluding certain expenses that may not be indicative of our recurring core operating results.
Event summary
(NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its third quarter ended September 30, 2025
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Raised
Company outlook — Raised (“increases”)
“If the revised AETR increases or decreases by 200 basis points or more from the budgeted AETR due to changes in the full-year forecast during the year, the revised AETR is used in place of the budgeted AETR beginning with the quarter the 200 basis point threshold is exceeded and going forward for all subsequent interim quarters in the year.”
Company outlook — Raised (“increases”)
“We continue to assess the AETR based on latest forecast throughout the year and use the most recent AETR anytime it increases or decreases by 200 basis points or more from the prior interim period.”
Classified from the release's primary full-year outlook statement.
Capital allocation
, which excludes the expenses associated with amortization of intangible assets, amortization of debt placement fees, restructuring, loss on sale of business, strategic initiative expense, acquisition and integration related expenses, and the tax effect of excluding these expenses, was $72 million, or $1.54 per diluted share, compared with $84 million, or $1.84 per diluted share, in 2024.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and ability to service debt by excluding certain expenses that may not be indicative of our recurring core operating results.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
excluding the expenses associated with amortization of intangible assets, amortization of debt placement fees, restructuring, loss on sale of business, strategic initiative expenses, acquisition and integration related expenses, and the tax effect of excluding these expenses.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
We believe free cash flow provides investors with a relevant measure of liquidity and a useful basis for assessing our ability to fund our operations and repay our debt.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
$ 65,613 $ 77,959 $ 199,427 $ 180,998 Amortization of intangible assets 4,403 4,814 13,425 13,311 Amortization of debt placement fees 1,777 1,759 5,271 3,538 Restructuring 188 (723 ) 872 (624 ) Loss on sale of business 698 79 656 Strategic initiative 1,566 1,566 Acquisition and integration 1,286 248 1,370 656 Income tax effect of non-GAAP adjustments (3,021 ) (504 ) (4,974 ) (891 ) Non-GAAP net income attributable to Itron, Inc.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Strategy & priorities
, which excludes the expenses associated with amortization of intangible assets, amortization of debt placement fees, restructuring, loss on sale of business, strategic initiative expense, acquisition and integration related expenses, and the tax effect of excluding these expenses, was $72 million, or $1.54 per diluted share, compared with $84 million, or $1.84 per diluted share, in 2024.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
These statements are based on our expectations about, among others, revenues, operations, financial performance, earnings, liquidity, earnings per share, cash flows and restructuring activities including headcount reductions and other cost savings initiatives.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
This document reflects our current strategy, plans and expectations and is based on information currently available as of the date of this release.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
When we use words such as "expect", "intend", "anticipate", "believe", "plan", "goal", "seek", "project", "estimate", "future", "strategy", "objective", "may", "likely", "should", "will", "will continue", and similar expressions, including related to future periods, they are intended to identify forward-looking statements.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Our executive compensation plans exclude non-cash charges related to amortization of intangibles and certain discrete cash and non-cash charges, such as restructuring, loss on sale of business, strategic initiative expenses, or acquisition and integration related expenses.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Risks & headwinds
"Our customers are confronting a dramatic increase in complexity and uncertainty, and as reflected in our results, they are actively deploying advanced technology to address these challenges.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct.
SEC original ↗Itron, Inc. — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q3 2026
- 8-KITRI
Oct 27, 2026
- Q2 2026
- 10-QITRI
Jul 28, 2026
- 8-KITRI
Jul 28, 2026
- Q1 2026
- 8-KITRI
May 8, 2026
- 8-K/AITRI
May 1, 2026
- 10-QITRI
Apr 28, 2026
- 8-KITRI
Apr 28, 2026
- 8-KITRI
Apr 24, 2026
- Q4 2025
- 8-KITRI
Feb 26, 2026
- 10-KITRI
Feb 17, 2026
- 8-KITRI
Feb 17, 2026
- Q3 2025
- 8-KITRI
Nov 17, 2025
- 8-KITRI
Nov 10, 2025
- 10-QITRI
Oct 30, 2025
- 8-KITRI
Oct 30, 2025
- 8-KITRI
Oct 6, 2025
- Q2 2025
- 8-KITRI
Sep 29, 2025
- 8-K/AITRI
Sep 24, 2025
- 8-KITRI
Aug 21, 2025
- 8-KITRI
Aug 14, 2025
- 10-QITRI
Jul 31, 2025
- 8-KITRI
Jul 31, 2025
- Q1 2025
- 8-KITRI
May 9, 2025
- 10-QITRI
May 1, 2025
- 8-KITRI
May 1, 2025
- Q4 2024
- 10-KITRI
Feb 25, 2025
- 8-KITRI
Feb 25, 2025
- 8-KITRI
Feb 24, 2025
- Q3 2024
- 10-QITRI
Oct 31, 2024
- 8-KITRI
Oct 31, 2024
- Q2 2024
- 8-KITRI
Sep 23, 2024
Earnings releases
12 documents- Q3 2026
- EX-99ITRI
Oct 27, 2026
- Q2 2026
- EX-99ITRI
Jul 28, 2026
- Q1 2026
- EX-99ITRI
Apr 28, 2026
- Q4 2025
- EX-99ITRI
Feb 26, 2026
- EX-99ITRI
Feb 26, 2026
- EX-99ITRI
Feb 17, 2026
- Q3 2025
- EX-99ITRI
Nov 17, 2025
- EX-99ITRI
Oct 30, 2025
- Q2 2025
- EX-99ITRI
Jul 31, 2025
- Q1 2025
- EX-99ITRI
May 1, 2025
- Q4 2024
- EX-99ITRI
Feb 25, 2025
- Q3 2024
- EX-99ITRI
Oct 31, 2024
Presentations
0 documentsNo presentations for Itron, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Itron, Inc. are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.