Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products. The Networked Solutions segment provides communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; network design services; and associated heat-end management and application software for acquiring and transporting application-specific data. This segment also products and software for the implementation, installation, and management of communicating devices and data networks; offers industrial internet of things solutions, including automated meter reading; advanced metering infrastructure for electricity, water, and gas; distributed energy resource management; grid edge devices; distribution automation communications; smart lighting; and smart city sensors and applications. The Outcomes segment provides value-added, enhanced software and services, artificial intelligence, and machine learning, statistical modeling, and other analytics. The Resiliency Solutions segment offers software and services. The company offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company serves utility and smart city customers, and municipalities through its sales force, distributors, agents, partners, and meter manufacturer representatives. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.
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Itron Stock Jumps 17.4% After Strong Earnings and Raised Guidance
Shares of Itron jumped 17.4% this week after the utility technology provider reported second-quarter non-GAAP earnings per share of $1.59, well above analyst expectations of $1.29, and raised its full-year earnings guidance to $6.40 at the midpoint. The company makes utility meters and grid intelligence technology that helps manage electricity demand volatility, a growing need amid the current artificial intelligence boom. Management commentary indicated significant demand for Itron's products and services for electric grid stability as the AI infrastructure build-out continues. After the pop, Itron trades at just below $100, giving it a forward price-to-earnings ratio a touch above 15.
Itron Soars 26% After Earnings Beat and Raised Full-Year Outlook
Itron shares surged 26.23 percent on Tuesday to close at $107.02 after the company reported second-quarter earnings that exceeded its own expectations and raised its full-year 2026 revenue guidance. Non-GAAP diluted earnings per share came in at $1.59, above the forecast range of $1.25 to $1.35, while revenue of $563 million fell within the guided $560 million to $570 million range. President and CEO Tom Deitrich highlighted record gross margin and strong free cash flow, citing durable demand for grid expansion and resiliency. For the third quarter, Itron projects revenue of $590 million to $600 million and non-GAAP EPS of $1.50 to $1.60. The company lifted its full-year 2026 revenue outlook to $2.37 billion to $2.41 billion, up from the prior range of $2.35 billion to $2.45 billion, and expects non-GAAP EPS of $6.30 to $6.50. Hedge fund participation declined to 38 funds from 46 in the previous quarter, but combined holdings rose to $538 million from $456 million, signaling stronger conviction among existing investors.
Itron to report earnings Tuesday with revenue expected to decline 6.7%
Itron will report earnings Tuesday before the bell. Analysts expect revenue to decline 6.7% year on year, a deceleration from flat revenue in the same quarter last year. The company beat revenue expectations last quarter with $587 million, down 3.3% year on year. Itron has missed Wall Street revenue estimates multiple times over the last two years. Its stock price was unchanged over the last month heading into earnings with an average analyst price target of $126.70 compared to the current share price of $84.22.
Itron Shares Fall 14.8% Over Six Months, Analysts See Limited Upside
Itron shares have declined 14.8% over the past six months to $84.38, underperforming the S&P 500's 8.4% gain. The company's revenue grew at a compounded annual rate of just 2.3% over the last five years, and Wall Street forecasts only 2.4% growth over the next twelve months. Its five-year average return on invested capital stands at 6.5%, well below the 20%-plus generated by top industrial firms. The stock trades at 14.5 times forward earnings, a valuation analysts consider reasonable but not compelling enough to recommend buying.
Mayville Engineering, Illinois Tool Works, and Itron are flagged as concerning industrials stocks. Mayville Engineering saw sales fall 4.3% annually over two years and earnings per share drop 42.7% annually, with a 5× net-debt-to-EBITDA ratio indicating overleverage. Illinois Tool Works posted only 3.1% annual EPS growth over two years and faces tepid 3.2% projected sales growth. Itron's 1.4% annual sales growth lagged peers, with anticipated 2.4% growth and a weak 6.5% return on capital.
Itron Stock Could Be 28% Undervalued Following Smart Meter Upgrade News
Itron stock could be 28.4% undervalued relative to its intrinsic value, according to a Discounted Cash Flow analysis, following news of a smart water meter upgrade with Watercare in Auckland. The DCF model, using a latest twelve-month free cash flow of about $392.8 million and assuming continued growth, estimates an intrinsic value of about $121 per share, implying a 28.4% discount to the current market price. On an earnings basis, Itron trades at a P/E of about 13.3x, well below the Electronic industry average of roughly 32.1x and a tailored fair P/E of 21.2x, further suggesting undervaluation. The long-term contracted nature of the Auckland project supports projected cash flows, though execution and timing risks remain. The stock has declined 35.5% over the past year, yet screens as undervalued on all six valuation checks.
StockStory Questions Wall Street Targets for Tractor Supply, Itron, and Applied Digital
StockStory casts doubt on Wall Street price targets for Tractor Supply, Itron, and Applied Digital, citing weak fundamentals. Tractor Supply’s consensus target of $46.04 implies a 43.9% return, but the firm points to 2.6% annual sales growth over three years and disappointing same-store sales. Itron’s $126.70 target suggests a 48.9% upside, yet revenue grew only 1.4% over two years and its return on invested capital stands at 6.5%. Applied Digital carries a $71 target for a 114% implied return, but StockStory highlights its modest $355.5 million revenue base, cash burn, and short cash runway.
Q1 Earnings: Itron and Inspection Instruments Stocks Report Mixed Results
Inspection instruments stocks reported a strong first quarter, with aggregate revenues missing analyst estimates by 0.5% but next-quarter revenue guidance coming in 2.5% above expectations. Itron posted revenues of $587 million, down 3.3% year-on-year but beating estimates by 2.6%, though it delivered the weakest guidance update among the five companies tracked. Viavi Solutions achieved the fastest revenue growth at 42.8% to $406.8 million, while Badger Meter saw revenues fall 9% to $202.3 million, missing estimates by 12.5%. Teledyne and Keysight also beat revenue expectations, with Teledyne reporting $1.56 billion and Keysight $1.72 billion.
Itron to supply 100,000 smart water meters in New Zealand's largest upgrade
Itron is working with Watercare Services on New Zealand's largest smart water meter upgrade, replacing mechanical meters with 100,000 Itron Intelis wSource digital water meters. The deployment is part of Watercare's broader plan to connect almost 500,000 smart meters across Auckland. The meters will use an NB-IoT network to provide frequent consumption data, improving leak detection, billing accuracy, and asset visibility. Designed to operate for 15 years with minimal maintenance in Auckland's harsh marine environment, the project supports a long-duration hardware deployment model for utility customers.
Inspection instruments stocks post strong Q1 with Keysight revenue up 31.5%
The five inspection instruments stocks tracked by StockStory reported a strong first quarter, with aggregate revenues missing analyst consensus by 0.5% while next-quarter revenue guidance came in 2.5% above expectations. Keysight Technologies led with revenue of $1.72 billion, up 31.5% year-on-year and beating estimates by 0.8%, while also exceeding adjusted operating income and EPS guidance forecasts. Viavi Solutions posted the best quarter among peers, with revenue of $406.8 million up 42.8% year-on-year and a 3.5% beat, along with higher EPS guidance and EBITDA. Badger Meter was the weakest, with revenue of $202.3 million down 9% year-on-year and a 12.5% miss, missing on adjusted operating income and EPS. Teledyne reported revenue of $1.56 billion up 7.6% year-on-year and a 3% beat, while Itron posted revenue of $587 million down 3.3% year-on-year and a 2.6% beat, though Itron had the weakest guidance update among the group. On average, share prices of the tracked stocks are down 2.4% since their latest earnings results.
Smart Electric Meter Market to Reach USD 59.22 Billion by 2035, Growing at 8.27% CAGR
The global smart electric meter market is projected to grow from USD 27.24 billion in 2025 to USD 59.22 billion by 2035, expanding at a compound annual growth rate of 8.27 percent, according to a new report from SNS Insider. The Asia Pacific region led the market in 2025 with a 45.19 percent revenue share and is expected to remain the fastest-growing region at an 8.82 percent CAGR through 2035, driven by large-scale smart grid installations and urbanization. Single-phase smart meters dominated the phase-type segment with 68.29 percent of revenue in 2025, while smart electricity meters held the largest product-type share at 34.12 percent. RF Mesh communication technology captured a 31.44 percent share, and consumption monitoring was the leading application at 32.11 percent. Key players include Landis+Gyr, Itron Inc., Siemens AG, and Schneider Electric SE.