Itron Q1 revenue down 3% to $587M, GAAP EPS $1.18 vs $1.42, non-GAAP EPS $1.49

ITRON, INC.

2026-Q1 EPS reported $1.18 revenue$586,982,000

Revenue $587M, down 3% YoY; GAAP net income $53M ($1.18 diluted EPS), down from $65M ($1.42).
Non-GAAP diluted EPS $1.49, down $0.03; Adjusted EBITDA $92M, up 5%; free cash flow $79M, up $11M.
Networked Solutions revenue down 13%; Outcomes up 22% on recurring/services; Resiliency Solutions $16M including Urbint and Locusview.
Adjusted gross margin 40.7%, up 490 bps on customer and product mix and operational efficiencies.
Q2 2026 guidance: revenue $560-570M, non-GAAP diluted EPS $1.25-1.35.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ITRON, INC. reported first quarter ended March 31, 2026 results: revenue $587 million, net income $53 million, EPS $1.18.

Period: first quarter ended March 31, 2026
Revenue: $587 million
Net income: $53 million
EPS: $1.18
Result: reported results

Exact text from the filing

water, announced today financial results for its first quarter ended March 31, 2026. Key results for the quarter include (compared with the first quarter of 2025): Revenue of $587 million, decreased 3%; GAAP net income attributable to Itron, Inc. of $53 million, decreased $12 million; GAAP diluted earnings per share of $1.18, decreased $0.24 per share; Non-GAAP

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Source: SEC EDGAR

accession 0001171843-26-002750

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