Overview
Itron, Inc. is a global technology company focused on intelligent infrastructure for utilities and cities. Its products and services connect measurement devices such as electricity, gas and water meters with communications networks, software, analytics and related services, supporting energy and water management, grid operations and city infrastructure.[1][2] Its customers span more than 100 countries.[3] Itron describes its purpose as creating “a more resourceful world.” [4]
The company’s FY2025 reporting describes four business segments: Device Solutions, Networked Solutions, Outcomes and Resiliency Solutions.[5][6] Itron was incorporated in 1977 and has expanded from meter-reading technology into broader utility and city infrastructure solutions.[7][8] [1][2][3][4][5][6][7][8][3][4]
Products & services
Itron’s portfolio includes **Device Solutions**—electricity, gas and water meters, heat/allocation products, communicating meters and related installation—and **Networked Solutions**, which combines smart meters, modules, endpoints and sensors with communications infrastructure, network design and head-end software. Applications include automated meter reading and advanced metering infrastructure, grid-edge and distributed-energy-resource management, distribution automation, smart lighting and smart-city sensing.[9][10]
Named products illustrate the range: **OpenWay Riva CENTRON** is a smart electricity meter with communications and distributed-intelligence capabilities; Itron describes its OpenWay Riva electricity meter as able to respond to grid conditions in real time and switch communications between radio frequency and power-line carrier. **Intelis gas meters** include safety shutoff features; Itron specifies ±0.5% accuracy at room temperature for the cited model. **Temetra** is cloud-based, multi-vendor meter-data management software, while **Grid Edge Essentials** combines grid visibility and consumer engagement. **Intelis wSource** is an ultrasonic water meter described as having no moving parts and AMR backup.[11][12][13][14][15][16]
Itron’s **Outcomes** offerings use software, analytics and services for tasks such as grid planning and operations, meter-data management, gas-distribution safety, water-loss reduction, revenue assurance, forecasting and consumer engagement. Services include network implementation and management, endpoint installation, managed operations, business-process consulting, solution architecture and project delivery. Itron added **Locusview** in January 2026; its digital construction-management software and services support the company’s Resiliency Solutions.[17][10][18][19][20][21]
For the six months ended June 30, 2026, product revenue was $931.3 million and service revenue was $218.6 million—approximately 81% and 19% of total revenue, respectively, calculated from reported amounts. Itron does not disclose revenue contributions by individual named product or platform.[22] [9][10][11][12][13][14][15][16][17][18][19][20][21][22][11][12][13][14][15][16][19][20][21]
Geographic presence
Itron’s 2025 Form 10-K describes sales offices, research and development facilities, and distribution centers located worldwide, but does not disclose revenue or employee distribution by country or region. It also does not provide a country-by-country sales breakdown.[23][24][25]
As of December 31, 2025, Itron listed major manufacturing facilities in North America (Oconee, South Carolina); Europe, the Middle East and Africa (Macon and Massy, France; Oldenburg, Germany; and Asti, Italy); and Asia-Pacific (Bekasi, Indonesia). The company’s headquarters is in Liberty Lake, Washington. Itron’s worldwide-locations directory provides further office-location information.[26][27][28][29][30] [24][25][26][31][31][31][31][31][31][27][28][29][30][23][23][30]
Business segments
Itron reports four reportable segments; Resiliency Solutions became a reportable segment in Q4 2025. The company also presents revenue by product and service, but that is a revenue-type split rather than a separate segment structure.[6][32][33]
Device Solutions supplies measurement, control and sensing hardware, including electricity, gas and water meters and endpoints, heat and allocation products, and related implementation and installation services. It represented 18.9% of FY2025 revenue and 20.5% of revenue in the first half of 2026.[7][25][34]
Networked Solutions provides communicating endpoints and network infrastructure, along with network design, headend software and applications. Its focus includes AMR/AMI, distributed energy resource management, grid-edge devices, distribution automation communications, smart lighting, and smart-city sensors and applications. It represented 65.8% of FY2025 revenue and 60.0% in H1 2026.[8][25][34]
Outcomes provides software and services that use distributed computing, AI/ML, statistical modeling and analytics for utility, municipal and city operations. Applications include grid and AMI operations, gas safety, non-revenue water, revenue assurance, forecasting, consumer engagement and smart payments; revenue is primarily recurring. It represented 15.2% of FY2025 revenue and 16.7% in H1 2026.[17][25][34] Resiliency Solutions provides worker-safety, emergency-preparedness and response, and damage-prevention software and services for critical-infrastructure providers and contractors, including AI-based predictive models. It represented 0.1% of FY2025 revenue and 2.8% in H1 2026.[35][25][34] Shares are calculated from reported segment revenue as a proportion of consolidated revenue for each period; the FY2025 and H1 2026 totals are reported in the cited segment tables.[25][34] [6][32][7][25][34][8][25][34][17][25][34][35][25][34][25][34][33]
Company history
Itron was incorporated in 1977, initially building its business around meter-reading services and technology. It introduced its first handheld meter-reading computers in 1980 and shipped its first ERT gas automatic meter-reading module in 1986.[5][36]
During the late 1980s and 1990s, Itron expanded through acquisitions in gas and electricity metering, introduced large-scale residential automatic meter reading in 1990, extended the technology to water utilities in 1995, and acquired metering software provider UTS in 1996. It became publicly traded in 1993.[36][37]
A major expansion into electricity-meter manufacturing followed its 2004 acquisition of Schlumberger Electricity Metering; the 2007 acquisition of Actaris further broadened its international metering business. In the following decade, Itron added smart-grid and network capabilities through acquisitions including SmartSynch (2012), Comverge (2017) and Silver Spring Networks (2018).[5][38][39][40]
Leadership changed in 2013, when Philip Mezey succeeded LeRoy Nosbaum as president and CEO; Thomas Deitrich took over the role in 2019. Itron completed its acquisition of utility software company Locusview in January 2026.[41][42][43]
Sources
- ITRON, INC. — Full financial report (2025 Y)
- na.itron.com[3]
- na.itron.com[4]
- na.itron.com[11]
- apac.itron.com[12]
- na.itron.com[13]
- na.itron.com[14]
- na.itron.com[15]
- na.itron.com[16]
- ITRON, INC. — Full financial report (2026 Q 2)
- na.itron.com[19]
- na.itron.com[20]
- na.itron.com[21]
- www.sec.gov[23]
- na.itron.com[30]
- investors.itron.com[33]
- na.itron.com[36]
- na.itron.com[37]
- investors.itron.com[38]
- na.itron.com[39]
- na.itron.com[40]
- na.itron.com[41]
- ITRON, INC. — Full financial report (2026 Q 1)[43]
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