ITRI · Itron, Inc.
$86.60
+0.26 (+0.30%)
At close · Oct 1
Return incl. dividend (before tax)
Market Cap
$3.93B
Shares
43.79M
Volume · Sep 30
777K
Avg daily vol (3M)
739.33K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$86.34
Open$87.83
Day$86.30–89.00
52W close$78.02–138.18
Avg vol 30d542K
Short int6.1M · 14.0% float · 13.5d
Short vol80%
Last earningsJul 28, 2026
DataJan 2020–Sep 2026
Filing10-Q · Jul 28
Up next
Next earnings call
Oct 27, 2026
Est · unconfirmed
· in 4 wks
filed Jul 28, 2026
call held Jul 28, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
—
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
—
Year over year · more shares
Price change (1Y)
-29.6%
Trailing year
Short interest
14.0%
Latest settlement · 13.5 days to cover
AI Brief
Q2 FY26 earnings call · Jul 28, 2026
Q2 FY26
TL;DR. Itron delivered record 41.4% adjusted gross margin and raised its full-year non-GAAP EPS outlook to $6.30-$6.50 (up 7% at the midpoint), despite a 7% revenue decline driven by project deployment timing in Networked Solutions. Annual recurring revenue grew 21% year-over-year to $417 million, and the new Resiliency Solutions segment contributed $16 million with 75% adjusted gross margin.
Bullish
- + Raised full-year non-GAAP EPS outlook to $6.30-$6.50, up 7% at midpoint from February
- + Annual recurring revenue grew 21% year-over-year to $417 million
- + New Resiliency Solutions segment delivered $16 million revenue with 75% adjusted gross margin
- + Adjusted EBITDA of $97 million, up 8% year-over-year
Bearish
- − Q2 revenue declined 7% year-over-year to $563 million
- − Networked Solutions revenue fell 17% on project deployment timing
- − GAAP diluted EPS fell to $1.19, down $0.28 from $1.47 prior year
- − Free cash flow declined to $81 million from $91 million year-ago
- − Full-year non-GAAP EPS projected below 2025 on as-reported basis
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Strong Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Very High
Market backdrop
VIX 16.3 · calm
Equity put/call 0.53
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−6%
below
Price vs 50-day avg
−10%
below
RSI (14)
30
oversold
MACD trend
Negative
52-week position
14%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−9%
trailing
6-month return
−9%
trailing
YTD return
−7%
this year
Relative strength
−21%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $96 › 200d $92 — 50d above 200d
Institutional flow
Distributing
-5% holders QoQ · +57 funds added
Insider flow
Distributing
Net -$895.4K over 90 days · 100% sells
Short interest
Falling
13.96% of float · ▼ -1.9% MoM · 13.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
418 holders — mid 3-yr range
Squeeze score
73
high risk · 0–100
Fundamentals
Revenue growth
−3%
Y/Y
Gross margin
38%
expanding
EPS growth
+25%
Y/Y
Free cash flow
$383.1M
Valuation
P/E 15
below peers
Buyback
$200.0M
authorized
Balance sheet
$227.9M
net debt
Quant / Vol
risk profile
Volatility
48%
annualized · 1-yr
Max drawdown
−44%
past year
ATR
3.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jul 28, 2026
third quarter
Q3 revenue
$590M – $600M
prior qtr $562.9M
midpoint +5.7% QoQ
full year
Full year revenue
$2.37B – $2.41B
prior FY $2.37B
midpoint +1.0% Y/Y
Full-year non-GAAP earnings per share
Non-GAAP
$6.30 – $6.50
Guided vs delivered
· last 8 settled
Revenue
third quarter 2024
guided $590M – $600M
$615.46M
Beat +3.4%
Revenue
full year 2024
guided $2.39B – $2.42B
$2.44B
Beat +1.7%
Revenue
second quarter of 2024
guided $595M – $605M
$609.07M
Beat +1.5%
Revenue
First quarter 2024
guided $575M – $585M
$603.44M
Beat +4.0%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−6%
Bearish
Price vs 50-day avg
−10%
Bearish
RSI (14)
30
Neutral
MACD trend
Negative
Bearish
52-week position
14%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $96 › 200d $92 — 50d above 200d
Institutional flow
Distributing
-5% holders QoQ · +57 funds added
Insider flow
Distributing
Net -$895.4K over 90 days · 100% sells
Short interest
Falling
13.96% of float · ▼ -1.9% MoM · 13.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
418 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $78
Now $86 · 14%
Range high $138
vs 200-day avg -6%
vs 50-day avg -10%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $96.84M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP net income attributable to Itron, Inc. 53.27M
-6.25M Interest income
+5.77M Interest expense
+26.73M Income tax provision
+18.63M Depreciation and amortization
+233K Restructuring
+0K Loss on sale of business
+455K Strategic initiative
+1.25M Acquisition and integration
-3.25M Gain on sale of equity method investment
= Adjusted EBITDA 96.84M
|
|||
| Adjusted gross profit non-GAAP | 233.21M | Three months ended June 30, 2026 filing | — |
| Adjusted segment operating income non-GAAP | 168.5M | Three Months Ended June 30, 2026 filing | — |
| Annual recurring revenue | 417M | Three Months Ended June 30, 2026 filing | — |
| Free Cash Flow non-GAAP | 81.49M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities 88.09M
-6.61M Acquisitions of property, plant, and equipment
= Free Cash Flow 81.49M
|
|||
| Non-GAAP diluted EPS non-GAAP | $1.59 | the three months ended June 30, 2026 filing | — |
| Non-GAAP net income attributable to Itron, Inc. non-GAAP | 70.73M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP net income attributable to Itron, Inc. 53.27M
+11.05M Amortization of intangible assets
+1.93M Amortization of debt placement fees
+233K Restructuring
+0K Loss on sale of business
+455K Strategic initiative
-3.25M Gain on sale of equity method investment
+1.25M Acquisition and integration
+5.79M Income tax effect of non-GAAP adjustments
= Non-GAAP net income attributable to Itron, Inc. 70.73M
|
|||
| Non-GAAP operating expenses non-GAAP | $144.16M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP operating expenses 154.57M
-8.48M Amortization of intangible assets (1)
-233K Restructuring
+0K Loss on sale of business
-455K Strategic initiative
-1.25M Acquisition and integration
= Non-GAAP operating expenses 144.16M
|
|||
| Non-GAAP operating income non-GAAP | $89.05M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP operating income 76.07M
+11.05M Amortization of intangible assets
+233K Restructuring
+0K Loss on sale of business
+455K Strategic initiative
+1.25M Acquisition and integration
= Non-GAAP operating income 89.05M
|
|||
| Total backlog | 4.4B | the three months ended June 30, 2026 filing | — |
| Twelve-month backlog | 1.7B | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Scientific & Technical Instruments — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ITRI
this stock
Itron, Inc.
|
$3.93B | -7.0% | -3.0% | 15.0 | 14.0% |
|
KEYS
Keysight Technologies, Inc.
|
$61.65B | +79.2% | +8.0% | 49.6 | 1.4% |
|
GRMN
Garmin Ltd
|
$56.73B | +41.4% | +15.1% | 32.8 | 1.6% |
|
COHR
Coherent Corp.
|
$55.49B | +55.9% | +19.2% | 68.8 | 5.2% |
|
TDY
Teledyne Technologies Inc
|
$28.47B | +18.8% | -4.6% | 29.7 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ITRI | -5.5% | -9.2% | -9.2% | -11.0% | -7.0% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -4.8% | -9.3% | -21.4% | -10.4% | -18.9% |
Capital returns
Buyback program
· as of May 6, 2026
Authorized
$200.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.