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Itron FY26 Q1 GAAP net income drops 18.46% to $53 million; revenue falls 3% to $587 million

PUBT·04/28/2026 12:37:29
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Itron FY26 Q1 GAAP net income drops 18.46% to $53 million; revenue falls 3% to $587 million
  • Itron posted first-quarter net income attributable to shareholders of $53 million, down $12 million.
  • Revenue fell 3% to $587 million on portfolio optimization and timing of project deployments.
  • Adjusted EBITDA climbed 5% to $92 million.
  • Backlog stood at $4.4 billion, while free cash flow rose $11 million to $79 million.
  • Second-quarter revenue is forecast at $560 million-$570 million, with non-GAAP diluted EPS seen at $1.25-$1.35.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Itron Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-002750), on April 28, 2026, and is solely responsible for the information contained therein.