Itron, Inc. (ITRI) Stock Analysis
Technology · Scientific & Technical Instruments
Hold if already holding. Not a fresh buy at $81.10, but acceptable to hold if already in. Reasons: Weak growth; Below 200-MA, MA slope -6.5%/30d (confirmed downtrend).
Itron provides smart grid, energy/water management, and city services technology through four segments (Device Solutions, Networked Solutions, Outcomes, Resiliency Solutions), serving electric, gas, and water utilities globally. No single customer exceeded 10% of revenue in... Read more
Hold if already holding. Not a fresh buy at $81.10, but acceptable to hold if already in. Reasons: Weak growth; Below 200-MA, MA slope -6.5%/30d (confirmed downtrend). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.2/10, moderate confidence.
Passes 7/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, earnings proximity 44d clear, semi cycle peak clear, materials cycle peak clear). Suitability: aggressive.
About Itron, Inc.
About Itron, Inc.
Itron's total backlog reached $4.5 billion at December 31, 2025, with $2.1 billion in new bookings during the year and no single customer exceeding 10% of total revenues. The company operates four segments—Device Solutions, Networked Solutions, Outcomes, and Resiliency Solutions (added Q4 2025)—with 5,550 employees and R&D spending of approximately $207 million, representing 9% of total revenues in 2025.
Itron sells hardware meters (Device Solutions), complete AMI and AMR network solutions combining smart endpoints and infrastructure (Networked Solutions), analytics and managed services that turn meter data into operational insights (Outcomes), and machine-learning-augmented infrastructure safety and resiliency services (Resiliency Solutions, created via the 2025 acquisition of Urbint, Inc.). Revenue spans standalone product sales and multi-year managed services or SaaS/NaaS contracts, serving electric, gas, and water utilities plus municipalities. Smaller utilities and municipalities are typically served through indirect channels including distributors, agents, and partners. Circuit boards and key subassemblies are procured from limited or sole-source vendors, which if disrupted could impair product deliveries and damage customer relationships. Primary named competitors include LM Ericsson Telephone Company, Landis+Gyr, Advanced Energy Industries, and Xylem, Inc.
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The sole-source dependency in circuit boards and key subassemblies represents a fulfillment risk the 10-K addresses across multiple sections: qualifying a replacement vendor if a sole-source supplier fails could be complex, costly, and time-consuming. The semiconductor supply imbalance that disrupted customer deliveries in recent years is explicitly cited in the 2025 filing as a recurring exposure, noting that temporary supply-demand imbalances may create delivery delays and shift revenues originally forecasted in prior periods into future periods. With $1.6 billion in 12-month backlog at December 31, 2025, any sustained supply disruption could weigh on near-term revenue recognition.
See also: Technology · Scientific & Technical Instruments
From Itron, Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-06-17Recent Developments — Itron, Inc.
Latest news
- NEWS Itron, Inc. 2026 Q1 - Results - Earnings Call Presentation (NASDAQ:ITRI) 2026-04-28 - Seeking Alpha — Seeking Alpha neutral
- NEWS Why Itron Stock Battled Back From a Big Sell-Off Today - The Motley Fool — The Motley Fool positive
- NEWS Why Itron Stock Battled Back From a Big Sell-Off Today - The Globe and Mail — The Globe and Mail positive
- NEWS Itron’s (NASDAQ:ITRI) Q1 CY2026 Sales Top Estimates - StockStory — StockStory positive
- NEWS Itron (ITRI) Shares Drop 8% Following Q1 2026 Outlook Miss - GuruFocus — GuruFocus negative
Generated 2026-06-17T09:07:23Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertop 10 customers32%10-K Item 1: 'Our 10 largest customers in each of the years ended December 31, 2025, 2024, and 2023, accounted for approximately 32%, 33%, and 36% of total revenues.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Revenue shrinking — -3.3% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $81.10, but acceptable to hold if already in. Reasons: Weak growth; Below 200-MA, MA slope -6.5%/30d (confirmed downtrend). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $110.23 (+35.9%), stop $75.76 (−7.0%), A.R:R 5.5:1. Score 5.2/10, moderate confidence.
Take-profit target: $110.23 (+35.9% upside). Target $110.23 (+35.9%), stop $75.76 (−7.0%), A.R:R 5.5:1. Stop-loss: $75.76.
Weak growth; Below 200-MA, MA slope -6.5%/30d (confirmed downtrend).
Itron, Inc. trades at a P/E of 12.9 (forward 12.3). TrendMatrix value score: 8.3/10. Verdict: Hold.
20 analysts cover ITRI with a consensus score of 4.0/5. Average price target: $127.
What does Itron, Inc. do?Itron provides smart grid, energy/water management, and city services technology through four segments (Device...
Itron provides smart grid, energy/water management, and city services technology through four segments (Device Solutions, Networked Solutions, Outcomes, Resiliency Solutions), serving electric, gas, and water utilities globally. No single customer exceeded 10% of revenue in 2025; total backlog was $4.5B with top 10 customers representing ~32% of total revenues.