Snapshot
Itron, Inc. reported $572M of revenue in Q4 2025, up -6.7% year over year, with diluted EPS of $2.21 and an operating margin of 13.8%.
- Revenue
- $572M
- YoY growth
- +-6.7%
- Diluted EPS
- $2.21
- Operating margin
- 13.8%
$572M
Revenue
+-6.7%
YoY growth
$2.21
Diluted EPS
13.8%
Operating margin
01 Key takeaways
What management said
- •Tom Deitrich, Itron's President and Chief Executive Officer, and Joan Hooper, Senior Vice President and Chief Financial Officer, will review Itron's fourth quarter results and provide a general business update and outlook.
- •Before Tom begins, a reminder that our earnings release and financial presentation include non-GAAP financial information that we believe enhances the overall understanding of our current and future performance.
- •Reconciliations of differences between GAAP and non-GAAP financial measures are available in our earnings release and on our investor relations website.
- •Itron delivered another quarter of record earnings and profitability, underscoring the durability of our model and accelerating demand for Grid Edge Intelligence.
- •Highlights on slide 4 include revenue of $572 million, adjusted EBITDA of $99 million, non-GAAP EPS of $2.46, and free cash flow of $112 million.
- •Our value has grown significantly, as demonstrated by increased adoption of Grid Edge Intelligence, Outcomes growth, record financial results, surging annual recurring revenue, and the expansion of our offerings through strategic acquisitions.
- •Turning to slide 6, our fourth quarter bookings were $737 million, with a total backlog at quarter end of $4.5 billion.
- •Continued momentum in Grid Edge Intelligence demand resulted in a record backlog for our Outcomes segment.
- •As an expansion to our commitment to utility resiliency, we announced during the quarter the acquisition of Urbint, a provider of AI-enhanced solutions for emergency preparedness and response, damage prevention, and worker safety.
- •With both acquisitions now closed, we are introducing a new reporting segment named Resiliency Solutions.
- •Over the past years, we have added power flow analysis and planning software solutions to support detailed grid planning and interconnect analysis.
- •Proactive resiliency is a top priority for our customers, which aligns well with our strategic investments and drives higher margins and recurring revenue growth in 2026 and beyond.
SourcesCompany financials · earnings call
Last updated