Itron (NASDAQ:ITRI) Issues FY 2026 Earnings Guidance

Itron (NASDAQ:ITRI) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.750-6.250 for the period, compared to the consensus estimate of 5.890. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.4 billion. Itron also updated its Q1 2026 guidance to 1.200-1.300 EPS.

Wall Street Analyst Weigh In

A number of research firms recently commented on ITRI. Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a research report on Monday, November 3rd. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Monday, January 5th. Oppenheimer lowered their target price on Itron from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, January 27th. Wall Street Zen cut shares of Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $118.00 price objective (down previously from $137.00) on shares of Itron in a research report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Itron currently has a consensus rating of “Hold” and an average price target of $136.10.

Itron Trading Up 7.9%

Itron stock traded up $7.07 during midday trading on Tuesday, reaching $96.43. The stock had a trading volume of 2,764,159 shares, compared to its average volume of 689,212. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.48. Itron has a 52-week low of $88.57 and a 52-week high of $142.00. The company has a fifty day moving average of $97.61 and a 200 day moving average of $110.66.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.27. The firm had revenue of $571.66 million for the quarter, compared to analysts’ expectations of $561.31 million. Itron had a net margin of 10.69% and a return on equity of 17.82%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 earnings per share. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, analysts anticipate that Itron will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 948 shares of Itron stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $91,491.48. Following the transaction, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at approximately $8,439,413.46. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Justin K. Patrick sold 379 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $36,577.29. Following the transaction, the senior vice president owned 20,382 shares in the company, valued at approximately $1,967,066.82. This trade represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,113 shares of company stock worth $301,678. 1.51% of the stock is currently owned by company insiders.

More Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q4 beat and strong guidance — Itron reported non‑GAAP EPS of $2.46 (beat) and revenue above estimates; management gave Q1 2026 and full‑year 2026 revenue and non‑GAAP EPS ranges that imply growth and continued margin improvement, which is a primary driver of the stock move. Itron shares rise after Q4 profit surge, strong cash flow, and 2026 outlook
• Positive Sentiment: Margins and cash flow improved — GAAP gross margin expanded ~560 bps to ~40.5% and Q4 free cash flow was ~$112M (FY FCF ~$383M), signaling operating leverage that supports higher EPS and buyback/strategic investment optionality. Itron (ITRI) Reports Q4 Earnings: What Key Metrics Have to Say
• Positive Sentiment: Recurring revenue strategy and M&A — Itron closed the Locusview deal (and earlier Urbint) to accelerate software and recurring‑revenue mix; management commentary tied this strategy to future margin resilience and higher lifetime value. Backlog also stands at ~$4.5B. Itron Announces Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Full materials and commentary available — Earnings call transcript and slide deck provide details for modeling revenue mix, margin cadence, and FCF conversion; useful for investors refining estimates. Itron, Inc. (ITRI) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Booking and regulatory headwinds noted — Some investor letters and coverage flagged softer-than-expected bookings and slower regulatory approvals in Q4, which could pressure near‑term revenue cadence despite margin gains. Softer Than Expected Booking Hurt Itron’s (ITRI) Shares in Q4
• Negative Sentiment: Insider selling — Recent disclosures show multiple insider sales over the last six months; heavy selling can be perceived negatively by some investors. Itron shares rise after Q4 profit surge, strong cash flow, and 2026 outlook

Institutional Trading of Itron

Hedge funds and other institutional investors have recently made changes to their positions in the business. Laurion Capital Management LP acquired a new position in shares of Itron during the 4th quarter worth about $654,000. Maryland State Retirement & Pension System raised its holdings in shares of Itron by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,718 shares of the scientific and technical instruments company’s stock valued at $624,000 after acquiring an additional 146 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Itron during the fourth quarter valued at approximately $1,908,000. Mariner LLC lifted its position in shares of Itron by 60.2% in the fourth quarter. Mariner LLC now owns 3,208 shares of the scientific and technical instruments company’s stock valued at $300,000 after acquiring an additional 1,205 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Itron in the fourth quarter worth approximately $723,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

About Itron

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.