Itron, Inc. (ITRI) AI Stock Analysis

Itron, Inc. is a technology and service provider specializing in operational management solutions for energy, water, and smart city sectors globally. The company operates across three segments: Device Solutions, Networked Solutions, and Outcomes. Device Solutions develops hardware products for measurement, control, and sensing. Networked Solutions offers communicating devices such as smart meters, modules, endpoints, and sensors paired with network infrastructure and application software. Outcomes delivers value-added software and analytics for data organization, interpretation, and resource efficiency. Itron also provides implementation, project management, consulting, cloud services, and post-sale maintenance through direct sales and distributors.

From FY2021 to FY2025, Itron's five-year revenue CAGR was 1.7%. Revenue rose from $1.98B in FY2021 to a peak of $2.44B in FY2024 before declining 3.0% to $2.37B in FY2025. Gross margin expanded from 28.9% in FY2021 to 37.7% in FY2025, while operating margin shifted from -4.0% to 13.3%. Net income recovered from -$81.3M in FY2021 to $301.1M in FY2025, producing diluted EPS of $7.14. For the trailing twelve months, revenue reached $2.30B with an operating margin of 13.5%. In the latest quarter ended June 30, 2026, quarterly revenue fell 7.2% year-over-year and quarterly earnings declined 19.0%.

As of June 30, 2026, Itron held $745.2M in cash and short-term investments against total debt of $147.6M, resulting in net cash of $597.6M. The company reported a current ratio of 2.75 and a debt-to-equity ratio of 0.09 on shareholders' equity of $1.62B. In FY2025, operating cash flow reached $403.7M and free cash flow totaled $380.8M. Cash deployment during FY2025 included $22.9M in capital expenditures and $100.0M directed toward share buybacks, while the five-year share count change was -0.5%.

Itron trades at a trailing P/E of 13.9x and a forward P/E of 13.4x, below the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its enterprise value stands at $4.95B, reflecting an EV-to-EBITDA multiple of 12.1x compared to the peer median of 16.6x. The company's price-to-sales ratio of 1.6x also sits below the peer median of 2.8x. Over the past year, Itron's stock fell 38.1%, trailing the S&P 500 return of 16.8%. Over five years, the stock gained 10.7% compared to an 83.0% gain for the benchmark index.

Wall Street analysts hold 6 Strong Buy, 3 Buy, and 2 Hold ratings on Itron, with no Sell or Strong Sell ratings. The mean price target of $129.56 suggests an upside of 56.0% over the last close of $83.04. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $2.39B and EPS of $6.42, a projected decline of 10.0%. For the following year, analysts anticipate EPS of $7.00 on revenue of $2.55B. Itron beat EPS expectations in each of the last 4 quarters, with next earnings scheduled for October 27, 2026.

This page is an AI-written research summary of Itron, Inc. (ITRI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ITRI income statement, ITRI balance sheet, ITRI key metrics, ITRI analyst forecast, ITRI chart. See the ITRI stock overview for the latest quote and news.