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Itron ITRI Q1 2026 earnings

Reported April 28, 2026 · Before market open

Revenue$587.0MBeat by $14.9M
EPS$1.49Beat by $0.23
Revenue estimate$572.0M
EPS estimate$1.26

Next report

Date not yet announced

Financials

Q1 2026

Income statement

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Revenue$587.0M-3.3%
Gross profit$236.3M+8.8%
Operating income$67.6M-11.3%
Net income$53.5M-18.4%
EPS (diluted)$1.18-16.9%

Balance sheet

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Cash & equivalents$712.9M-36.5%
Total debt$1.6B+26.5%
Total equity$1.6B+8.0%
Total assets$4.0B+13.6%

Cash flow

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Operating cash flow$85.5M+18.6%
CapEx$6.5M+40.7%
Free cash flow$79.0M+17.0%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$3.97B-16.8%
Enterprise value$4.86B-1.1%
P/E13.7×-5.1×
P/S1.7×-0.3×

Profitability

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Gross margin38.8%+4.0pp
Operating margin13%+1.6pp
Net margin12.3%+2.0pp
FCF margin16.8%+7.0pp

Returns & leverage

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Return on equity18.7%+0.9pp
Debt / equity+0.1×
Current ratio2.7×+0.7×

Segments

By segment

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Networked Solutions$350.7M-12.9%
Device Solutions$124.4M-1.2%
Outcomes$95.9M+22.1%
Resiliency Solutions$16.0M+2,003%

By geography

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United States and Canada$454.5M-6.5%
Europe, Middle East, and Africa$101.2M+5.1%
Asia Pacific$31.3M+27.0%

By product

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Service revenues$109.2M+30.0%

Versus estimates

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Questions, answered.

When did Itron report Q1 2026 earnings?
Itron (ITRI) reported Q1 2026 earnings on April 28, 2026 before market open.
What were Itron's Q1 2026 revenue and EPS?
Itron reported revenue of $587.0M and eps of $1.49 for Q1 2026.
Did Itron beat estimates in Q1 2026?
Revenue beat the consensus estimate of $572.0M by $14.9M. EPS beat the consensus estimate of $1.26 by $0.23.
How did Itron's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.3% from $607.2M a year earlier and eps declined 2.0% from $1.52.
Where can I find Itron's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-002750) and the 10-Q periodic report (0000780571-26-000110) directly on SEC EDGAR. The filing index links above go to sec.gov.