Itron reported fourth quarter (Q4) revenues of USD 571.66 million, with product revenues at USD 474.33 million and service revenues at USD 97.33 million. Full year (FY) 2025 revenues totaled USD 2.37 billion. GAAP gross margin for Q4 was 40.5%, up 5.6 percentage points from the prior year, driven by customer and product mix. GAAP operating income for Q4 reached USD 79 million, and non-GAAP operating income was USD 91 million, both reflecting increases due to higher gross profit. Net income attributable to shareholders for Q4 was USD 102 million, or USD 2.21 per diluted share, up from USD 58 million, or USD 1.26 per diluted share, in the previous year, supported by higher operating income and a tax benefit. The financial results include contributions from Urbint following its acquisition in November 2025.

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