Itron (NASDAQ:ITRI) Shares Gap Up After Earnings Beat

Itron, Inc. (NASDAQ:ITRI) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $89.36, but opened at $98.89. Itron shares last traded at $103.16, with a volume of 471,759 shares.

The scientific and technical instruments company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.27. The firm had revenue of $571.66 million during the quarter, compared to the consensus estimate of $561.31 million. Itron had a return on equity of 17.82% and a net margin of 10.69%.The company’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 EPS. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS.

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q4 results beat estimates — Itron reported non‑GAAP EPS $2.46 (vs. ~$2.19 est.) and revenue topped consensus; GAAP gross margin expanded ~560 bps year/year. This drove confidence that margin improvements are real. Press Release
• Positive Sentiment: Strong cash flow and backlog — Q4 free cash flow was ~$112M and FY2025 FCF ~$383M; year‑end backlog disclosed at ~$4.5B, supporting multi‑period revenue visibility. QuiverQuant Analysis
• Positive Sentiment: Software/recurring‑revenue strategy progressing — recent acquisitions (Urbint, closed Nov 2025; Locusview closed Jan 2026) are expected to expand higher‑margin, subscription mix over time. QuiverQuant Analysis
• Neutral Sentiment: Top‑line still down year/year — Q4 revenue declined ~6.7% y/y despite margin gains; investors will watch whether software mix and backlog offset cyclical device declines. Earnings Recap
• Negative Sentiment: Softer guidance vs. Street — Q1 non‑GAAP EPS guided to $1.20–1.30 (street ~$1.36) and revenue $565–$575M (street ~$593M); FY non‑GAAP EPS guided $5.75–6.25 (vs. est ~$5.89) with revenue $2.35–2.45B. The guidance miss/beat mix explains headline volatility. Press Release
• Negative Sentiment: Softer bookings and regulatory delays flagged — several reports note bookings and slower regulatory approvals pressured Q4 bookings, a potential near‑term headwind for revenue growth. InsiderMonkey
• Negative Sentiment: Insider and institutional activity mixed — recent insider selling and notable institutional reductions in Q4 could concern some investors, though other funds added positions. QuiverQuant

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ITRI. Zacks Research downgraded shares of Itron from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Argus restated a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target for the company in a report on Monday, January 5th. Finally, Weiss Ratings downgraded Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $136.10.

Insider Buying and Selling at Itron

In other Itron news, SVP Christopher E. Ware sold 343 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $33,102.93. Following the completion of the transaction, the senior vice president directly owned 18,774 shares in the company, valued at approximately $1,811,878.74. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John F. Marcolini sold 553 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $53,370.03. Following the sale, the senior vice president owned 13,843 shares in the company, valued at approximately $1,335,987.93. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,113 shares of company stock worth $301,678 over the last three months. 1.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Itron

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Itron during the second quarter worth $30,000. Bessemer Group Inc. raised its position in Itron by 125.7% during the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Itron during the 3rd quarter worth about $32,000. Private Trust Co. NA grew its position in shares of Itron by 112.4% in the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 145 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new stake in shares of Itron in the third quarter valued at about $36,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Trading Up 7.9%

The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.51 and a beta of 1.48. The firm has a 50 day moving average price of $97.61 and a two-hundred day moving average price of $110.47.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.