Itron Inc (ITRI) Financials
Key financial figures for Itron Inc (Q3 2026).
Itron Q3 2026 revenue of $599 million (+3% YoY) landed at the top of its $590-600 million outlook, with non-GAAP EPS of $1.94 against a $1.50-$1.60 outlook and full-year non-GAAP EPS guidance raised to $6.72-$6.82. Revenue was $599.3 million versus $581.6 million a year earlier (+3%), the first year-over-year growth after declines in Q1 and Q2 2026, and at the top of the $590 to $600 million range management gave in July. Non-GAAP diluted EPS was $1.94 (vs $1.54 a year ago) against the company's July outlook of $1.50 to $1.60; GAAP diluted EPS was $1.61 (vs $1.41). Adjusted gross margin rose 350 basis points to 41.3% on customer and product mix and operational efficiencies, and adjusted EBITDA hit a record $114.5 million (+18%). On the outlook: Q4 2026: revenue $621 to $636 million, non-GAAP diluted EPS $1.70 to $1.80. Full year 2026 (updated): revenue $2.37 to $2.385 billion (prior $2.37 to $2.41 billion), non-GAAP diluted EPS $6.72 to $6.82 (prior $6.30 to $6.50). Figures are for Q3 2026, as Itron reported them.
- Revenue
- $599M
- Net Income
- $71M
- EPS
- $1.63
- Total Assets
- $4.1B
- Operating Cash Flow
- $102M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $599M | $71M | $1.61 | 15.93% | $96M |
| Q2 FY2026 | $563M | $53M | $1.19 | 13.51% | $81M |
| Q1 FY2026 | $587M | $53M | $1.18 | 11.55% | $79M |
| Q4 FY2025 | $572M | $102M | $2.21 | 13.77% | $112M |
| Q3 FY2025 | $582M | $66M | $1.41 | 14.09% | $111M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $2.4B | $301M | $6.50 | 13.27% | $381M |
| FY2024 | $2.4B | $239M | $5.18 | 10.82% | $208M |
| FY2023 | $2.2B | $97M | $2.11 | 5.93% | $98M |
Frequently asked questions
What was Itron's revenue last quarter?
Itron reported revenue of $599.3 million for Q3 FY2026, up 3.0% from the same period a year earlier.
Is Itron profitable?
Yes. Itron reported net income of $71.4 million for Q3 FY2026, a net margin of 11.91% on revenue.
How has Itron's margin trended?
Operating margin was 15.93% in Q3 FY2026, compared with 14.09% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Itron generate?
Itron generated free cash flow of $95.5 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Itron Inc on SentiSense, with up to forty quarters and twenty fiscal years of history.