Itron Announces Third Quarter 2026 Financial Results

LIBERTY LAKE, Wash., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today financial results for its third quarter ended September 30, 2026. Key results for the quarter include (compared with the third quarter of 2025): * Revenue of $599 million, increased 3%; * Annual recurring revenue of $423 million, increased 25%; * GAAP net income attributable to Itron, Inc. of $71 million, increased $6 million; * GAAP diluted earnings per share of $1.61, increased $0.20 per share; * Non-GAAP diluted EPS of $1.94, increased $0.40 per share; * Adjusted EBITDA of $115 million, increased 18%; and * Free cash flow of $96 million, decreased $18 million. “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,” said Tom Deitrich, Itron’s President and CEO. “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.”