Itron (ITRI) reported third-quarter 2026 revenue of $599 million, up 3% from $582 million a year earlier. GAAP net income attributable to Itron was $71 million, compared with $66 million in the prior-year quarter, while GAAP diluted earnings per share rose to $1.61 from $1.41.
The company reported annual recurring revenue of $423 million, up 25%, and total backlog of $4.3 billion at quarter-end. Itron also issued fourth-quarter and updated full-year 2026 revenue outlooks.
- Third-quarter total revenue was $599.3 million; product revenue was $489.0 million and service revenue was $110.3 million.
- GAAP operating income was $95 million, up $14 million from the prior-year quarter.
- Net cash provided by operating activities was $102 million, and free cash flow was $96 million.
- Quarterly bookings totaled $482 million.
- Fourth-quarter revenue outlook is $621 million to $636 million; full-year revenue outlook is $2.37 billion to $2.385 billion.
$ITRI Insider Trading Activity
$ITRI insiders have traded $ITRI stock on the open market 42 times in the past 6 months. Of those trades, 0 have been purchases and 42 have been sales.
Here’s a breakdown of recent trading of $ITRI stock by insiders over the last 6 months:
- JUSTIN K PATRICK (SVP, Device Solutions) has made 0 purchases and 8 sales selling 11,066 shares for an estimated $1,071,336.
- JOHN F. MARCOLINI (SVP, Networked Solutions) has made 0 purchases and 5 sales selling 12,595 shares for an estimated $1,054,106.
- JOAN S HOOPER (SVP & CFO) has made 0 purchases and 5 sales selling 5,658 shares for an estimated $546,060.
- THOMAS DEITRICH (President & CEO) has made 0 purchases and 4 sales selling 3,292 shares for an estimated $297,442.
- DONALD L. III REEVES (SVP, Outcomes) has made 0 purchases and 8 sales selling 2,289 shares for an estimated $207,542.
- CHRISTOPHER E. WARE (SVP, GC & Corp. Secretary) has made 0 purchases and 4 sales selling 779 shares for an estimated $70,329.
- LAURIE ANN PULATIE-HAHN (SVP, HR) has made 0 purchases and 4 sales selling 720 shares for an estimated $64,965.
- DAVID MARSHALL WRIGHT (VP, Corp. Controller & CAO) has made 0 purchases and 4 sales selling 265 shares for an estimated $23,962.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ITRI Hedge Fund Activity
We have seen 193 institutional investors add shares of $ITRI stock to their portfolio, and 214 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 596,769 shares (+inf%) to their portfolio in Q2 2026, for an estimated $51,638,421
- WELLINGTON MANAGEMENT GROUP LLP added 421,585 shares (+220.7%) to their portfolio in Q2 2026, for an estimated $36,479,750
- AMERIPRISE FINANCIAL INC added 380,226 shares (+235.8%) to their portfolio in Q2 2026, for an estimated $32,900,955
- SOROS FUND MANAGEMENT LLC added 360,518 shares (+46.4%) to their portfolio in Q2 2026, for an estimated $31,195,622
- ASSENAGON ASSET MANAGEMENT S.A. removed 330,589 shares (-98.2%) from their portfolio in Q3 2026, for an estimated $28,543,054
- LOOMIS SAYLES & CO L P removed 287,930 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $24,914,582
- MACKENZIE FINANCIAL CORP added 285,315 shares (+85.4%) to their portfolio in Q2 2026, for an estimated $24,688,306
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
