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Itron Inc (ITRI)
NASDAQ:ITRI
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.23Last Year’s EPS
1.52Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and financial trajectory: record margins, EBITDA, EPS and strong free cash flow, meaningful ARR growth (20% YoY), robust backlog and pipeline expansion, and strategic acquisitions that expand TAM and are expected to be accretive by 2027. Near-term headwinds include Q4 and full-year revenue declines vs. 2024, weaker Device and Network revenues due to timing/legacy declines, short-term EPS dilution and cash use related to acquisitions, and continued lumpy booking/project timing. Overall the business is being positioned for durable, higher-margin recurring revenue growth even as the company navigates short-term execution and integration impacts.Company Guidance
Record Quarterly Financial Performance
Q4 revenue of $572,000,000; adjusted EBITDA of $99,000,000 (17% of revenue); non-GAAP EPS of $2.46 (quarterly record); free cash flow of $112,000,000. GAAP net income $102,000,000 ($2.21) vs prior year $58,000,000.
Best-in-Class Margins
Company record adjusted gross margin of 40.7% in Q4, up ~580 basis points year-over-year; full-year gross margin 37.7% in 2025 (record).
Strong Cash Generation and Leverage Position
Full-year 2025 free cash flow $383,000,000 (16.2% of revenue). Cash and equivalents $1,020,000,000 and net leverage of 0.7x as of quarter end.
Bookings, Backlog and Pipeline Momentum
Q4 bookings $737,000,000; total backlog $4,500,000,000. Pipeline growth up 27% from 2024 to 2025; Outcomes backlog over $1,000,000,000 (up 58% year-over-year).
Recurring Revenue and ARR Expansion
Introduced ARR metric: $368,000,000 at year-end Q4, up ~20% year-over-year. Company expects mid-teens to ~20% ARR growth into 2026.
Segment Margin Improvements and Records
Device Solutions adjusted gross margin 34.4% (+780 bps YoY) and operating margin 26.6% (+670 bps). Network Solutions adj gross margin 42% (+690 bps) and operating margin 32.2% (+620 bps). Outcomes operating margin improved 420 bps.
Strategic Acquisitions and New Resiliency Segment
Closed Urbint (Nov) and announced/closed LocusView (2026). New Resiliency Solutions segment launched; management expects $65M–$70M revenue contribution in 2026 with ~70% gross margins and long-term accretion to revenue and EBITDA.
Product Adoption and Usage Metrics
Endpoints up 25% year-over-year; number of apps up 70% year-over-year; over 3,000,000 connected devices dispatching ~70 GWh/year. Example: 3.5 million restoration hours usage for emergency preparedness product during a major winter storm.
ITRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ITRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $89.36 | $96.43 | +7.91% |
Oct 30, 2025 | $138.18 | $108.99 | -21.12% |
Jul 31, 2025 | $138.42 | $124.54 | -10.03% |
May 01, 2025 | $111.29 | $108.05 | -2.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Itron Inc (ITRI) report earnings?
Itron Inc (ITRI) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Itron Inc (ITRI) earnings time?
Itron Inc (ITRI) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITRI EPS forecast?
ITRI EPS forecast for the fiscal quarter 2026 (Q1) is 1.23.
