---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-26-002750"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T03:26:39.341703+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-26-002750
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000117184326002750/0001171843-26-002750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000117184326002750/f8k_042826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-26-002750
- JSON: https://secwatch.observer/filing/0001171843-26-002750.json
- Plain text: https://secwatch.observer/filing/0001171843-26-002750.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000117184326002750/0001171843-26-002750-index.htm

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