Itron has deployed 16 million distributed-intelligence-enabled meters with 100 million endpoints under management, leveraging distributed intelligence to deliver end-to-end business solutions to utilities at scale. The company is well-positioned to benefit from power grid modernization efforts, which should continue to drive demand for smart metering and grid monitoring solutions.
Cyborg Score Rationale
Itron's TTM revenue is $2.40 billion, with significant scale achievements including 16 million DI-enabled meters shipped and 70 GWh of flexible load dispatched in 2025. However, near-term headwinds from slower regulatory approvals and flat revenue growth temper enthusiasm.
Top Insights
Itron has strategic partnerships with NVIDIA, Microsoft, AWS, and Snowflake for edge AI/ML capabilities, plus integrations from recent Urbint and Locusview acquisitions
Current quarter expected to see revenue decline of 8.3% year-on-year to $562 million, reversing prior-year growth
Itron formed a new Resiliency Solutions segment and is showcasing Grid Edge Intelligence portfolio at DTECH 2026
Market cap of $4.09 billion with a P/E ratio of 16.07
Named Competitors
Badger Meter — Water metering and smart utilities
Hubbell Incorporated — Electrical and utility solutions
Grid4C — Smart grid analytics and software
Recent Developments
(February 2026) Expanding collaboration with PG&E on grid management and customer experience improvements
(February 2026) Partnership with Toumetis and Southern California utility to reduce wildfire risk and improve grid reliability
(January 2026) Launched new Resiliency Solutions segment alongside Grid Edge Intelligence portfolio at DTECH 2026
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