Itron (NASDAQ:ITRI) Issues Q3 2026 Earnings Guidance

Itron (NASDAQ:ITRI) issued an update on its third quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 1.500-1.600 for the period, compared to the consensus earnings per share estimate of 1.550. The company issued revenue guidance of $590.0 million-$600.0 million, compared to the consensus revenue estimate of $607.4 million. Itron also updated its FY 2026 guidance to 6.300-6.500 EPS.

Analyst Ratings Changes

Several research firms have recently weighed in on ITRI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Oppenheimer lifted their price objective on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Raymond James Financial started coverage on shares of Itron in a report on Tuesday, April 21st. They set an “underperform” rating for the company. Roth Capital reiterated a “buy” rating and issued a $136.00 price target on shares of Itron in a research note on Wednesday, April 29th. Finally, Needham & Company LLC increased their price objective on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $131.33.

Itron Stock Performance

Shares of NASDAQ ITRI traded down $5.33 during mid-day trading on Wednesday, reaching $101.69. 790,016 shares of the company were exchanged, compared to its average volume of 889,270. Itron has a twelve month low of $77.77 and a twelve month high of $142.00. The stock has a market capitalization of $4.51 billion, a P/E ratio of 16.20, a P/E/G ratio of 0.74 and a beta of 1.32. The company’s 50-day simple moving average is $83.62 and its 200-day simple moving average is $89.80. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. The business had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. Itron’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.62 earnings per share. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, research analysts predict that Itron will post 6.01 earnings per share for the current year.

Insider Activity at Itron

In related news, SVP Donald L. Reeves III sold 319 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares of the company’s stock, valued at $2,455,167. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $37,291.54. Following the completion of the transaction, the chief financial officer directly owned 117,478 shares in the company, valued at approximately $9,911,618.86. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 3,946 shares of company stock valued at $324,420 over the last quarter. 1.77% of the stock is owned by corporate insiders.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q2 earnings beat expectations: Itron reported non-GAAP diluted EPS of $1.59, exceeding the $1.29 consensus estimate. Adjusted EBITDA rose 8% to $97 million, while adjusted gross margin expanded to a record 41.4% from 36.9% a year earlier. Itron Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Full-year earnings outlook raised: Itron now expects 2026 non-GAAP EPS of $6.30 to $6.50, above the prior consensus estimate of approximately $5.98. Management cited constructive demand related to grid expansion, resiliency and the need to accelerate power availability. Itron reports Q2 earnings and raises full-year 2026 EPS outlook
• Positive Sentiment: Recurring revenue and analyst support improved: Annual recurring revenue climbed 21% to $417 million, and Needham raised its price target from $116 to $128 while assigning a “Buy” rating. The target implies meaningful upside based on the reported reference price. Benzinga
• Neutral Sentiment: Third-quarter guidance was mixed: Itron projected EPS of $1.50 to $1.60, broadly in line with expectations, but revenue of $590 million to $600 million was below the roughly $607 million consensus estimate. Itron Q2 Revenue Falls 7 Percent to $563 Million
• Negative Sentiment: Revenue and GAAP profit declined: Second-quarter revenue fell 7% year over year to $563 million, below estimates, primarily because of lower Networked Solutions revenue. GAAP net income dropped to $53 million from $68 million, and free cash flow declined to $81 million from $91 million.

Hedge Funds Weigh In On Itron

A number of institutional investors have recently modified their holdings of ITRI. Employees Retirement System of Texas purchased a new stake in Itron during the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Itron by 343.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after buying an additional 268 shares in the last quarter. Advisory Services Network LLC bought a new position in Itron in the 3rd quarter worth about $49,000. EverSource Wealth Advisors LLC boosted its position in shares of Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 81 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Itron by 271.6% in the 4th quarter. UMB Bank n.a. now owns 732 shares of the scientific and technical instruments company’s stock worth $68,000 after buying an additional 535 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.