Business Description

Itron Inc., founded in 1977 and headquartered in Liberty Lake, Washington, United States, is a global provider of smart grid and utility management solutions. It generates revenue through the sale of advanced metering systems, communication networks, and cloud-based data analytics services. Under the leadership of CEO Chris Cornwell since 2021, Itron serves over 6,000 utility customers worldwide. Its flagship platforms, including Active Grid and OpenWay Riva, distinguish it from competitors in a rapidly evolving market. The company is strategically investing in IoT and cloud innovations to drive future growth.

Everything on Itron Inc.

Revenue (FY2025) $2.37B
YoY growth -3.0%
Operating margin 13.2%
Direction Expanding
Gross margin 37.7%
Net margin 12.8%

Earnings Transcripts

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Leadership & board

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Diana D. Tremblay — Chair of the Board View full profile ↗ Thomas L. Deitrich — President and Chief Executive Officer View full profile ↗ Scott D. Drury — Director View full profile ↗ Sheri L. Savage — Director View full profile ↗ Frank M. Jaehnert — Director View full profile ↗ Jerome J. Lande — Director View full profile ↗ Sanjay Mirchandani — Director View full profile ↗ Timothy M. Leyden — Director View full profile ↗ Santiago Perez — Director View full profile ↗ Joan S. Hooper — Senior Vice President and Chief Financial Officer View full profile ↗ Donald L. Reeves — Senior Vice President, Outcomes View full profile ↗ John F. Marcolini — Senior Vice President, Networked Solutions View full profile ↗ Justin K. Patrick — Senior Vice President, Device Solutions View full profile ↗
Itron acquires Actaris Metering Systems SA — Electricity, gas and water metering (international) · 2007 View full deal ↗ Itron acquires Silver Spring Networks, Inc. — Smart grid / Industrial IoT networks · 2018 View full deal ↗ Itron acquires Locusview, Ltd. — Digital construction management / utility SaaS · 2026 View full deal ↗ Itron acquires Urbint, Inc. — AI operational resilience / utility software · 2025 View full deal ↗ Itron acquires SmartSynch, Inc. — Smart grid / cellular communications · 2012 View full deal ↗ Itron acquires Comverge, Inc. (Peak Holding Corp.) — Demand response / grid edge software · 2017 View full deal ↗ Itron acquires Elpis2, Inc. (Elpis Squared) — Grid analytics / utility software · 2024 View full deal ↗ Itron acquires SELC (Smart Efficient Lighting Control) — Smart Cities / Smart Lighting · 2021 View full deal ↗ Itron acquires Schlumberger Electricity Metering — Electricity metering View full deal ↗ Itron acquires C&N GasGate Technology — Smart gas distribution View full deal ↗ Itron acquires UTS — Metering software View full deal ↗

Share Repurchase Program

Total authorized
$250 million
Remaining (as of March 31, 2026)
$150 million
Latest FY repurchased
$100 million

Named Competitors

LM Ericsson Telephone CompanyLandis+GyrAdvanced Energy IndustriesXylem, Inc.

Customer Concentration

No single customer represented more than 10% of total revenues for the years ended December 31, 2025, 2024, and 2023.

Recent SEC Filings

2026-05-08 Shareholder vote results (+1 more) View filing ↗
2026-04-28 Reported quarterly results View filing ↗
2026-04-24 Other event View filing ↗
2026-02-26 Entered a material agreement (+3 more) View filing ↗
2026-02-17 Reported quarterly results View filing ↗
2025-11-17 Entered a material agreement (+1 more) View filing ↗
2025-11-10 Other event View filing ↗
2025-10-30 Reported quarterly results View filing ↗
2025-10-06 Regulation FD disclosure (+1 more) View filing ↗
2025-09-29 Entered a material agreement (+1 more) View filing ↗
2025-08-21 Leadership change (directors/officers) (+1 more) View filing ↗
2025-08-14 Leadership change (directors/officers) (+1 more) View filing ↗

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