Itron

What Itron does

Itron is a global technology company headquartered in Liberty Lake, Washington that provides intelligent infrastructure solutions for utilities and municipalities, with a core focus on electricity, natural gas, and water resource management. The company serves more than 7,700 utilities and cities across 100+ countries and manages 112 million+ communicating endpoints. Customers include investor-owned utilities, public power utilities, cooperative utilities, municipal governments, and fleet operators across electric, gas, water, combo utility, and smart city segments. Itron is publicly traded on NASDAQ under the ticker ITRI and reported Q1 2026 revenue of $587 million against a $4.4 billion backlog.

Itron's core technology stack is built around Advanced Metering Infrastructure (AMI) and Industrial IoT (IIoT). The hardware foundation includes smart electricity, gas, and water meters (CENTRON, Intelis, Intelis wSource) operating over the proprietary Gen5/Gen6 intelligent connectivity network platform with new cellular 500G/500W modules. The software layer spans UtilityIQ (enterprise operations suite), Temetra (cloud-based meter data management for water), Operations Optimizer (AMI analytics), CityEdge (smart cities platform), Streetlight.Vision, and IntelliFLEX LV DERMS (distributed energy resource management). Recent investments emphasize AI-powered grid edge intelligence, including a March 2026 integration with NVIDIA Jetson for real-time waveform processing and anomaly detection at utility endpoints.

Itron generates revenue through three primary streams: one-time hardware sales (meters and communication modules), recurring software and analytics subscriptions, and managed services delivered as Network-as-a-Service (NaaS) or Software-as-a-Service (SaaS). The company has been strategically pivoting toward higher-margin recurring revenue — software ARR reached $368 million (20% YoY growth) and the Outcomes segment reached $360 million (22% YoY growth) in Q1 2026, with total ARR at $400 million (28% YoY). Recent acquisitions of Urbint ($325M, October 2025) and Locusview ($525M, January 2026) created the Resiliency Solutions segment and added digital construction management capability, both contributing high-margin recurring revenue. Full-year 2026 revenue is guided to $2.35-$2.45 billion.

Name

Itron

Legal name

Itron, Inc.

Website

https://itron.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Itron provides intelligent infrastructure solutions — smart metering, AMI networks, grid edge intelligence, DERMS, and water management software — for electric, gas, and water utilities and municipalities. The company serves 7,700+ customers across 100+ countries.

Ownership category

akta.pro rank

Product category

Smart Utility Metering and Grid Intelligence

NAICS

Electric Power Generation, Transmission and Distribution (2211), Computer Systems Design and Related Services (54151), Computer and Peripheral Equipment Manufacturing (33411)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Computer Communications Equipment (3576), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Smart Grid Automation & Distribution Management (DA/ADMS) (EUADAPAA)

akta.pro secondary industries

Meter Installation, Exchange & Field Services (EUADAFAF), SCADA/DMS/OMS Integration, Upgrades & Managed Services (EUAEANAE), Industrial Connectivity & Networks (5G/LPWAN/TSN/Industrial Ethernet) (IMAIAMAH)

Keywords

• Smart metering solutions
• Advanced metering infrastructure
• Grid edge intelligence
• Utility network infrastructure
• Smart water management

Headquarters

HQ city

Liberty Lake

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Sales (Meters and Devices): Sale of smart electricity, gas, and water meters along with communication modules and endpoints. One-time hardware revenue from meter deployments.
2. Software and Analytics Subscriptions: Recurring revenue from software platforms including UtilityIQ, Temetra, Grid Edge Intelligence, and DERMS solutions. Approximately $368 million in annual recurring revenue growing 20% year-over-year.
3. Managed Services: Network-as-a-Service (NaaS) and Software-as-a-Service (SaaS) offerings where Itron manages infrastructure on behalf of customers. Includes 4-year NaaS agreements.
4. Outcomes Solutions: Outcomes-based revenue segment delivering measurable customer results (water conservation, revenue assurance). Grew 22% year-over-year to $360 million.
5. Resiliency Solutions: Newer segment including Urbint (acquired October 2025 for $325M) and Locusview (acquired January 2026 for $525M) for utility resilience software. Contributed $16 million following acquisitions with approximately 76% gross margins.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Itron manufactures and sells intelligent infrastructure solutions for utilities and cities, including smart electricity, gas, and water meters, communication networks (Gen5/Gen6), and software platforms (UtilityIQ, Temetra, Operations Optimizer, CityEdge). The company also delivers managed services, distributed intelligence applications, and DERMS for grid modernization, resource conservation, and smart city applications. Its portfolio integrates hardware endpoints with cloud-based analytics and AI-enabled edge intelligence to serve over 7,700 utility and city customers across 100+ countries.

Product overview

Itron offers a unified platform-plus-modules architecture for utility and city resource management. The core offerings include Gen6 Network (intelligent connectivity platform), Grid Edge Intelligence portfolio (real-time edge analytics), and Advanced Metering Infrastructure (AMI) for electricity, gas, and water. Key software platforms include UtilityIQ Application Suite, Temetra (cloud-based meter data management), Operations Optimizer (AMI analytics), and CityEdge (smart cities platform). The portfolio was expanded through acquisitions including Locusview Digital Construction Management (acquired January 2026 for $525 million) for construction operations integration, enabling end-to-end utility digitization from field to enterprise systems.

Differentiator

Problem solved

Functional benefit

Brands

• Temetra: Cloud-based meter data management solution for water utilities
• Locusview
• Urbint
• Intelis
• Gen6 Network
• CityEdge
• UtilityIQ
• Streetlight.Vision

Products and services

• Advanced Metering Infrastructure (AMI) Comprehensive smart metering solutions for electricity, gas, and water utilities enabling two-way communication, automated meter reading, and real-time data collection for grid management.
• Gen6 Network Platform Flexible, interoperable, and secure intelligent connectivity platform that future-proofs communications strategies for utilities, extending distributed intelligence to more devices across multi-transport networks.
• Grid Edge Intelligence Portfolio of solutions enabling utilities to make more informed, real-time decisions for better energy management at the grid edge, including distributed intelligence, DERMS, grid operations, and planning capabilities.
• IntelliFLEX LV DERMS Low Voltage Distributed Energy Resource Management System that enhances grid resilience by pinpointing DER locations, sensing local grid conditions, and offering control of distributed energy resources including rooftop solar, batteries, and EVs.
• UtilityIQ Application Suite Enterprise software suite for utility operations enabling multi-transport, multi-device interoperability for long-term AMI deployments.
• Temetra Cloud-based meter data management solution enabling near real-time water consumption monitoring, faster leak detection, and reduced non-revenue water loss for water utility providers.
• Operations Optimizer Analytics software that identifies and diagnoses meter data collection and delivery problems using smart meter data, meter events, and configuration data.
• CityEdge Smart cities platform providing data and applications for carbon reduction, economic growth, environmental protection, and resiliency, integrating devices, sensors, intelligent connectivity, and business intelligence across multiple city departments.
• Streetlight.Vision (SLV) Central management software for smart cities enabling advanced asset management, data visualization, analytics, and real-time control of networked street lighting and other smart city sensors.
• Intelis wSource NB-IoT ultrasonic smart water meters providing real-time consumption data, accelerated leak detection, and improved billing accuracy, built for 15-year durability in harsh environments.
• Locusview Digital Construction Management Digital construction management platform enabling bidirectional data flow between field construction operations and enterprise systems like SAP, automating work order synchronization.
• Managed Services Global managed services functioning as an extension of utility IT departments, supporting meter data collection, analytics, customer care, workforce management, and load management programs.

Quantifiable outcome

• 8.7 million metric tons of GHG emissions avoided for customers in 2025
• +5 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability5 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Watercare ServicescoreStrategic or Co-development Partner · 16 June 2026Partnership to deploy 100,000 smart water meters across Auckland, one of New Zealand's largest smart water metering upgrades. Uses NB-IoT network technology for harsh marine environments.
• Office d'Equipement Hydraulique de Corse (OEHC)coreStrategic or Co-development Partner · 2 June 2026Deployment of 10,000 ultrasonic smart water meters on Corsica to address 50% non-billable water problem. Target: save 5 million cubic meters annually by 2035.
• Hunter WatercoreStrategic or Co-development Partner · 26 May 2026Digital Metering Pilot Program deploying 2,000 Intelis wSource NB-IoT ultrasonic water meters managed via Temetra platform. Hunter Water achieved 33% leak reduction over nine years.
• Novara Energy AllianceminorStrategic or Co-development Partner · 7 May 2026Novara launched from merger of Urbanova and INTENT, with founding partners Avista, Itron, and McKinstry. Focused on energy and water challenges in Inland Northwest region.
• NVIDIAcoreTechnology or Integration · 27 March 2026AI-powered distributed intelligence collaboration integrating Itron's Grid Edge Intelligence applications with NVIDIA Jetson platform for real-time waveform data processing and anomaly detection at utility endpoints. Enables faster fault location and wildfire risk identification using edge AI.
• AusgridcoreStrategic or Co-development Partner · 18 March 2026Extended partnership to deploy IntelliFLEX LV DERMS for managing consumer energy resources including rooftop solar across 1 million households in NSW. Supports NSW Emergency Backstop Mechanism compliance and builds on 15+ years of collaboration.
• LocusviewcoreStrategic or Co-development Partner · 1 November 2025Acquired in January 2026 for $525 million, Locusview provides digital construction management platform for utilities. Enables bidirectional data flow between field construction and SAP enterprise systems.
• UrbintcoreStrategic or Co-development Partner · 1 October 2025Acquired in October 2025 for $325 million, Urbint provides AI-powered software for utility resilience including damage prevention and storm response. Now operating as Itron's Resiliency Solutions segment.
• City of Fuengirola, SpaincoreStrategic or Co-development Partner · 28 March 2022Smart city deployment with city-wide mesh network, street lighting, noise detection, and smart traffic monitoring. 4-year Network-as-a-Service agreement with 80% ERDF co-financing.
• MicrosoftcoreTechnology or IntegrationTechnology partnership integrating Itron's utility solutions with Microsoft technologies. Microsoft offers enterprise software integration capabilities and cloud infrastructure supporting Itron's platform deployment.
• Thane Municipal CorporationminorStrategic or Co-development PartnerSmart water management project in India using Temetra meter data management solution. Executed in partnership with Ceinsys Tech Ltd. (CS TECH Ai).
• Silver Spring NetworkscoreTechnology or IntegrationAcquired by Itron, Silver Spring Networks provides IPv6-enabled wireless networking platform for smart city and utility applications.

Scale indicators12 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Kamstrup: Kamstrup is a European-headquartered provider of smart metering solutions for electricity, heat, water, and gas utilities, directly competing with Itron in water and thermal metering and increasingly in AMI across European and APAC utility markets.
• Landis+Gyr: Landis+Gyr is a leading global provider of integrated energy management solutions and a direct competitor to Itron in smart metering (electricity, gas, water), AMI, and grid edge intelligence for electric, gas, and water utilities worldwide.
• Xylem (Sensus): Xylem's Sensus brand offers smart meters, AMI networks, and advanced metering analytics for electric, gas, and water utilities, directly competing with Itron's UtilityIQ, Temetra, and metering portfolio in North American and European utility markets.
• Aclara Technologies (Hubbell): Aclara, a Hubbell company, provides smart metering, AMI communication networks, and consumer engagement solutions for electric, gas, and water utilities in North America, directly competing with Itron's Gen5/Gen6 networks and metering portfolio.
• Badger Meter: Badger Meter specializes in flow measurement and smart water metering solutions for water utilities, directly competing with Itron's Intelis wSource and Temetra water offerings, particularly in North American municipal water markets.
• Trilliant Networks: Trilliant provides smart grid communications networks and AMI solutions for utilities, overlapping with Itron's Gen5/Gen6 network platform as a competing communications and connectivity layer for utility meter data collection.

Broad incumbents

• Siemens Smart Infrastructure: Siemens offers a broad portfolio of smart grid, AMI, and energy management solutions as part of its larger Smart Infrastructure division, overlapping with Itron on grid management software and large-utility AMI deployments while serving many adjacent markets.
• Honeywell Smart Energy: Honeywell provides smart metering, AMI, and utility operations software as part of its broader Process Solutions and Building Technologies portfolios, competing with Itron in enterprise-scale utility deployments while offering a much wider industrial software footprint.
• Schneider Electric: Schneider Electric provides EcoStruxure-based grid management, DERMS, and smart metering solutions for utilities globally. As a much larger diversified energy management company, it competes with Itron's Grid Edge Intelligence and DERMS offerings while bundling across adjacent industrial segments.

Emerging players

• Mueller Water Products: Mueller Water Products offers smart water infrastructure including metering and pipe network management for water utilities. It competes with Itron in the water utility segment and increasingly in connected water distribution, though with less depth in AMI software analytics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/itroninc
• YouTubeyoutube.com/@ItronInc
• Facebookfacebook.com/ItronInc
• LinkedInlinkedin.com/company/7550
• Instagraminstagram.com/itroninc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A17 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Itron