Current Status Overview
Share Price Performance
Revenue Performance
Fourth quarter 2025 revenue totaled $572 million, compared with $613 million in Q4 2024, representing a 7% year-over-year decline. For the full year 2025, revenue was $2400 million, down 3% from approximately $2474 million in 2024. The decline reflects portfolio adjustments and project timing, partially offset by recurring revenue growth in services.
Market Analysis
Itron operates within the utility infrastructure and smart grid technology sector, providing advanced metering, grid modernization, and analytics solutions. The competitive landscape includes global industrial automation and energy technology providers. Industry trends continue to support investment in grid resiliency, digital transformation, and software-enabled utility services.
Analyst Commentary
No analyst commentary reported.
Mergers & Acquisitions
The company completed acquisitions in late 2025 and early 2026 aimed at strengthening its software and operational resilience capabilities. These transactions expand recurring revenue exposure and enhance platform integration.
Outlook
For the first quarter of 2026, Itron expects revenue between $565 million and $575 million, with non-GAAP diluted earnings per share between $1.20 and $1.30. For full year 2026, the company projects revenue in the range of $2.35 billion to $2.45 billion and non-GAAP diluted earnings per share between $5.75 and $6.25. Management reaffirmed its focus on margin discipline and recurring revenue expansion.