---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000731"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:39:50.330893+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Itron Q1 revenue $495M (+4% YoY), non-GAAP EPS $0.49 vs $0.11, backlog $4.6B

## Summary
- Revenue $495M (+4% YoY, +6% constant currency); gross margin 31.6% (+320 bps).
- GAAP net loss $12M ($0.26 loss per share) vs net income $1M ($0.02 EPS) in Q1 2022.
- Non-GAAP diluted EPS $0.49 vs $0.11; Adjusted EBITDA $39M (+109%).
- Total backlog $4.6B, up 17% YoY; Q2 outlook: revenue $510-525M, non-GAAP EPS $0.25-0.35.
- All three segments improved profitability; supply chain improving but volatility persists.

## SEC filing metadata
- accession: 0001157523-23-000731
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000115752323000731/0001157523-23-000731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000115752323000731/a53393283.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000731
- JSON: https://secwatch.observer/filing/0001157523-23-000731.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000731.txt

## Key facts
- Earnings Releases
  ITRON, INC. reported first quarter ended Mar. 31, 2023 results: revenue $495 million, net income $12 million, EPS $0.26.
  - Period: first quarter ended Mar. 31, 2023
  - Revenue: $495 million
  - Net income: $12 million
  - EPS: $0.26
  - Result: reported results
  source text: announced today financial results for its first quarter ended Mar. 31, 2023. Key results for the quarter include (compared with the first quarter of 2022): Revenue of $495 million, increased 4%; Gross profit of $156 million, increased 16%; GAAP net loss of $12 million, a decrease of $13 million; GAAP loss per share of $0.26, a decrease of $0.28 per share; Non-GAAP diluted EPS of $0.49, increased $0.38 per share;
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000115752323000731/0001157523-23-000731-index.htm
- Earnings Releases
  ITRON, INC. reported second quarter of 2023 results: revenue $510 and $525 million, EPS $0.25 and $0.35. Guidance initiated.
  - Period: second quarter of 2023
  - Revenue: $510 and $525 million
  - EPS: $0.25 and $0.35
  - Guidance: initiated
  - Result: guidance update
  source text: Outlook for the second quarter of 2023 is as follows: Revenue between $510 and $525 million Non-GAAP diluted EPS between $0.25 and $0.35
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000115752323000731/0001157523-23-000731-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.