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Itron ITRI Q3 2026 earnings

Reported October 27, 2026 · Before market open

Revenue$599.3MBeat by $3.8M
EPS$1.94Beat by $0.38
Revenue estimate$595.5M
EPS estimate$1.56
“Itron delivered a strong third quarter, with revenue returning to growth at the top end of our outlook, record adjusted EBITDA, and earnings well ahead of our expectations — demonstrating the earnings leverage of our stronger operating model. Utilities' needs for capacity, reliability, resiliency, and affordability continue to drive demand for our technology, while our expanding software and services portfolio is supporting recurring revenue growth.”
Tom Deitrich

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$599.3M+3.0%
Gross profit$244.9M+11.5%
Operating income$95.5M+16.8%
Net income$71.4M+8.8%
EPS (diluted)$1.61+14.2%

Balance sheet

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Cash & equivalents$840.3M-36.9%
Total debt$1.6B+27.4%
Total equity$1.7B+0.3%
Total assets$4.1B+10.9%

Cash flow

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Operating cash flow$102.0M-13.5%
CapEx$6.4M+44.9%
Free cash flow$95.5M-15.8%

Valuation & ratios

Valuation

as of 10/27/26
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Market cap$3.84B-38.3%
Enterprise value$4.62B-25.0%
P/E13.7×-10.4×
P/S1.7×-0.9×

Profitability

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Gross margin40.7%+4.4pp
Operating margin13.7%+1.4pp
Net margin12.1%+1.4pp
FCF margin15.8%+1.6pp

Returns & leverage

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Return on equity16.5%-0.4pp
Debt / equity1×+0.2×
Current ratio2.8×+0.7×

Segments

By segment

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Networked Solutions$389.5M-1.1%
Device Solutions$101.5M-2.0%
Outcomes$92.2M+9.4%
Resiliency Solutions$16.1M—

By geography

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United States and Canada$500.9M+4.8%
Europe, Middle East, and Africa$72.7M-3.3%
Asia Pacific$25.7M-10.4%

By product

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Service revenues$110.3M+26.4%

FAQ

When did Itron report Q3 2026 earnings?
Itron (ITRI) reported Q3 2026 earnings on October 27, 2026 before market open.
What were Itron's Q3 2026 revenue and EPS?
Itron reported revenue of $599.3M and eps of $1.94 for Q3 2026.
Did Itron beat estimates in Q3 2026?
Revenue beat the consensus estimate of $595.5M by $3.8M. EPS beat the consensus estimate of $1.56 by $0.38.
How did Itron's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.0% from $581.6M a year earlier and eps grew 26.0% from $1.54.
Where can I find Itron's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-006839) and the 10-Q periodic report (0000780571-26-000233) directly on SEC EDGAR. The filing index links above go to sec.gov.