Itron shares rise after Q4 profit surge, strong cash flow, and 2026 outlook

Itron, Inc. (ITRI) is up 8.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move higher appears tied to Itron’s fourth-quarter and full-year 2025 results, which showed sharply higher profitability and cash generation despite lower revenue. Investors also reacted to the company’s 2026 outlook ranges and commentary on software/recurring-revenue expansion from recent acquisitions.

Details:

Itron reported Q4 2025 GAAP EPS of $2.21 and non-GAAP EPS of $2.46, with GAAP gross margin of 40.5% (+560 bps year over year).

Free cash flow in Q4 2025 was $112 million, and full-year 2025 free cash flow was $383 million.

Management issued Q1 2026 guidance of $565–$575 million in revenue and non-GAAP EPS of $1.20–$1.30, plus full-year 2026 guidance of $2.35–$2.45 billion in revenue and non-GAAP EPS of $5.75–$6.25.

Year-end backlog was disclosed at $4.5 billion, and the company noted the Locusview acquisition closed in January 2026 (following the Urbint acquisition in November 2025).

Sources:

Itron (press release via GlobeNewswire)

Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ITRI Insider Trading Activity

$ITRI insiders have traded $ITRI stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.

Here’s a breakdown of recent trading of $ITRI stock by insiders over the last 6 months:

THOMAS DEITRICH (President & CEO) has made 0 purchases and 2 sales selling 3,536 shares for an estimated $392,684.
JOAN S HOOPER (SVP & CFO) has made 0 purchases and 2 sales selling 1,918 shares for an estimated $213,035.
DONALD L. III REEVES (SVP, Outcomes) has made 0 purchases and 4 sales selling 1,609 shares for an estimated $171,102.
JOHN F. MARCOLINI (SVP, Networked Solutions) has made 0 purchases and 2 sales selling 1,118 shares for an estimated $124,166.
JUSTIN K PATRICK (SVP, Device Solutions) has made 0 purchases and 2 sales selling 767 shares for an estimated $85,194.
CHRISTOPHER E. WARE (SVP, GC & Corp. Secretary) has made 0 purchases and 2 sales selling 694 shares for an estimated $77,084.
LAURIE ANN PULATIE-HAHN (SVP, HR) has made 0 purchases and 3 sales selling 360 shares for an estimated $39,154.
DAVID MARSHALL WRIGHT (VP, Corp. Controller & CAO) has made 0 purchases and 2 sales selling 210 shares for an estimated $23,319.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ITRI Hedge Fund Activity

We have seen 195 institutional investors add shares of $ITRI stock to their portfolio, and 294 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,387,292 shares (-83.0%) from their portfolio in Q4 2025, for an estimated $128,823,935
MACQUARIE GROUP LTD removed 764,826 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $71,021,742
HANDELSBANKEN FONDER AB removed 654,711 shares (-65.5%) from their portfolio in Q4 2025, for an estimated $60,796,463
JPMORGAN CHASE & CO removed 553,146 shares (-81.9%) from their portfolio in Q4 2025, for an estimated $51,365,137
GOLDMAN SACHS GROUP INC removed 441,197 shares (-43.8%) from their portfolio in Q4 2025, for an estimated $40,969,553
BNP PARIBAS FINANCIAL MARKETS removed 378,208 shares (-60.9%) from their portfolio in Q4 2025, for an estimated $35,120,394
SOROS FUND MANAGEMENT LLC added 375,219 shares (+inf%) to their portfolio in Q4 2025, for an estimated $34,842,836

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$ITRI Government Contracts

We have seen $714,943 of award payments to $ITRI over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$ITRI Analyst Ratings

Wall Street analysts have issued reports on $ITRI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 10/16/2025

To track analyst ratings and price targets for $ITRI, check out Quiver Quantitative's $ITRI forecast page.

$ITRI Price Targets

Multiple analysts have issued price targets for $ITRI recently. We have seen 5 analysts offer price targets for $ITRI in the last 6 months, with a median target of $130.0.

Here are some recent targets:

Noah Kaye from Oppenheimer set a target price of $125.0 on 01/27/2026
Martin Malloy from Johnson Rice set a target price of $130.0 on 01/05/2026
Ben Kallo from Baird set a target price of $118.0 on 10/31/2025
Mark Strouse from JP Morgan set a target price of $155.0 on 10/16/2025
Tommy Moll from Stephens & Co. set a target price of $130.0 on 10/07/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.