Itron Q3 revenue falls 5% but beats estimates

Itron

30/10/2025 12:37

Overview

Itron Q3 revenue of $582 mln beats analyst expectations despite a 5% yr/yr decline

Adjusted EPS for Q3 beats consensus, despite a decrease from last year

Itron's announced $325 mln acquisition of Urbint Inc expected to close in Q4

Outlook

Company expects Q4 2025 revenue between $555 mln and $565 mln

Itron projects full-year 2025 revenue between $2.35 bln and $2.36 bln

Company anticipates Q4 2025 non-GAAP EPS between $2.15 and $2.25

Result Drivers

PORTFOLIO OPTIMIZATION - Revenue decline attributed to portfolio optimization and timing of project deployments

DEVICE SOLUTIONS DECLINE - Device Solutions revenue fell 16% due to lower legacy electricity product sales in EMEA and reduced North American water volumes

OUTCOMES GROWTH - Outcomes revenue increased 11% due to higher recurring revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$582 mln
$577.86 mln (8 Analysts)
Q3 Adjusted EPS
Beat
$1.54
$1.47 (8 Analysts)
Q3 EPS
$1.41
Q3 Net Income
$66 mln
Q3 Adjusted EBITDA
$97 mln
Q3 Gross Margin
37.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "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 $150.00, about 7.9% above its October 29 closing price of $138.18

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nGNX9s3Y9x

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