ITRON, INC. — Form 8-K
Filed October 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Itron reported Q3 2026 revenue of $599M (+3% YoY), with annual recurring revenue jumping 25% to $423M. GAAP net income was $71M (+$6M YoY); non-GAAP diluted EPS reached $1.94 (+$0.40 YoY). Adjusted EBITDA grew 18% to $115M, though free cash flow declined to $96M from $113M YoY due to working capital changes and higher tax payments. The company raised full-year 2026 revenue guidance to $2.37–$2.385B and non-GAAP diluted EPS to $6.72–$6.82. Backlog stood at $4.3B; Resiliency Solutions (newly acquired business) contributed $16M product revenue and $15M service revenue in Q3.
Why this rating
Moderate significance: revenue returned to growth, ARR and margins improved materially, guidance raised. Acquisitions (Urbint, Locusview, Resiliency Solutions) add strategic reach but integrate costs ($7.5M YTD). FCF decline and 25% debt increase ($788M→$1.58B long-term) merit caution. Relative to $5.9B market cap, Q3 revenue is ~0.8% of annual run-rate—solid but not transformational. Positive momentum offset by leverage expansion.
See more from October 27, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.