Itron Q3 revenue beats on outcomes, resiliency solutions segments growth

Itron

27/10/2026 12:40

Overview
Utility management technology firm's Q3 revenue rose 3%, slightly beating analyst expectations
Adjusted EPS for Q3 was $1.94, beating analyst expectations
Revenue growth driven by higher services and Resiliency Solutions; Device Solutions, Networked Solutions declined

Outlook
Itron sees Q4 revenue between $621 mln and $636 mln
Company expects Q4 non-GAAP diluted EPS between $1.70 and $1.80
Itron forecasts full-year revenue between $2.37 bln and $2.385 bln

Result Drivers
OUTCOMES AND RESILIENCY SOLUTIONS - Co said revenue growth was primarily driven by higher Outcomes segment and new Resiliency Solutions contribution
DEVICE SOLUTIONS DECLINE - Device Solutions revenue fell due to lower sales of legacy gas products
NETWORKED SOLUTIONS TIMING - Networked Solutions revenue declined due to timing of project deployments

Company press release: ID:nGNX4GyZjT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$599 mln
$595.85 mln (8 Analysts)
Q3 Adjusted EPS
Beat
$1.94
$1.56 (8 Analysts)
Q3 EPS
 
$1.61
 
Q3 Net Income
 
$71 mln
 
Q3 Adjusted EBITDA
 
$115 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Itron, Inc. is $129.91, about 48.1% above its October 26 closing price of $87.73
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook
Oct 27 - Hubbell Inc beats Q3 revenue on Electrical Solutions growth, raises FY outlook
Oct 27 - Pentair Q3 sales beat estimates on water solutions growth; reaffirms profit guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)