Itron Q4 revenue beats on Grid Edge platform boost

Itron

17/02/2026 13:37

Overview

Energy management firm's Q4 revenue fell 7% yr/yr but beat analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company announced acquisition of Urbint and Locusview to enhance AI solutions

Outlook

Company expects Q1 2026 revenue between $565 mln and $575 mln

Itron forecasts full-year 2026 revenue between $2.35 bln and $2.45 bln

Company projects Q1 2026 non-GAAP EPS between $1.20 and $1.30

Result Drivers

GRID EDGE PLATFORM - Adoption of Grid Edge Intelligence platform drove strong financial results in Q4, according to CEO Tom Deitrich

OUTCOMES SEGMENT GROWTH - Outcomes segment revenue increased 23% due to increased delivery services and recurring revenue

ACQUISITIONS - Acquisition of Urbint and Locusview to enhance AI solutions and increase recurring revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$572 mln
$561.19 mln (7 Analysts)
Q4 Adjusted EPS
Beat
$2.46
$2.19 (8 Analysts)
Q4 EPS
$2.21
Q4 Net Income
$102 mln
Q4 Gross Margin
40.50%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "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 $143.12, about 60.2% above its February 13 closing price of $89.36

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX2tNtzn

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(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.)