secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001171843-26-002750
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000117184326002750/0001171843-26-002750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000117184326002750/f8k_042826.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-002750

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer