Oppenheimer Boosts Itron, Inc. (ITRI) Guidance Following Better-Than-Expected FY2026 Outlook

Laiba Immad

Thu, February 26, 2026 at 11:07 PM GMT+9 2 min read

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Itron, Inc. (NASDAQ:ITRI) is among the 20 Best Investments in 2026.

Oppenheimer Boosts Itron, Inc. (ITRI) Guidance Following Better-Than-Expected FY2026 Outlook

Itron, Inc. (NASDAQ:ITRI) is one of the best investments on our list.

TheFly reported on February 18 that Oppenheimer raised its price target for ITRI to $133 from $125 and maintained an Outperform rating. The upgrade followed the company’s strong fourth-quarter results, which exceeded both revenue and earnings expectations. ITRI also provided guidance for FY2026 that was better than anticipated, along with several indicators suggesting a potential uptick in future demand.

The company’s fourth quarter and full year 2025 results were posted a day earlier on February 17. According to the report, total revenue for Q4 declined 7% year-over-year to $572 million due to portfolio optimization and the timing of project deployments. For the full year, revenue fell 3% to $2.4 billion.

The company generated a notable profit beat with non-GAAP diluted EPS of $2.46 for the quarter, up from $1.35 in the prior year and surpassing the $2.19 expert average. GAAP net income rose from $58 million to $102 million, or $2.21 per diluted share, via higher operating income and a tax benefit. Free cash flow rose 59% to $112 million for the quarter.

Due to a good mix of products and customers, the GAAP gross margin increased by 560 basis points to 40.5%. Operational efficiency was demonstrated by the 21% growth in adjusted EBITDA to $99 million. These results were mainly bolstered by growth in Outcomes revenue and strategic acquisitions.

Itron, Inc. (NASDAQ:ITRI) provides technology solutions for energy and water resource management, including smart meters, data analytics, and connected devices, helping utilities improve efficiency, reliability, and sustainability.

While we acknowledge the potential of ITRI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

****READ NEXT: 12 Unstoppable Dividend Stocks to Buy According to Analysts ****and Dividend Champions, Contenders and Challengers list: 15 Highest Yielding Stocks.

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