Itron — Third Quarter 2026 Earnings Summary

Itron, Inc. reported third-quarter 2026 revenue of $599 million, representing a 3% increase from the prior year, driven primarily by growth in its Outcomes segment and contributions from Resiliency Solutions. The company achieved GAAP net income of $71 million and non-GAAP diluted earnings per share of $1.94, while adjusted EBITDA rose 18% to $115 million. Total backlog stood at $4.3 billion at the end of the quarter, with bookings totaling $482 million. Looking ahead, Itron updated its full-year 2026 outlook to project revenue between $2.37 billion and $2.385 billion and non-GAAP diluted EPS between $6.72 and $6.82.