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LIBERTY LAKE, Wash., April 28, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today financial results for its first quarter ended March 31, 2026. Key results for the quarter include (compared with the first quarter of 2025):

Revenue of $587 million, decreased 3%;GAAP net income attributable to Itron, Inc. of $53 million, decreased $12 million;GAAP diluted earnings per share of $1.18, decreased $0.24 per share;Non-GAAP diluted EPS of $1.49, decreased $0.03 per share;Adjusted EBITDA of $92 million, increased 5%; andFree cash flow of $79 million, increased $11 million. "Itron’s first quarter results were ahead of our expectations on strong execution and certain projects running ahead of schedule, resulting in record gross profit", said Tom Deitrich, Itron’s president and CEO. "Our utility customers are prioritizing resiliency and affordability. This multi-year investment trend to add intelligence to the grid is structural and aligns well with Itron leading positions in essential networks, analytics, and operational intelligence applications."

Summary of First Quarter Consolidated Financial Results
(All comparisons made are against the prior year period unless otherwise noted)

Revenue
Total first quarter revenue of $587 million compared to $607 million in the prior year. The decrease was driven primarily by portfolio optimization and the timing of project deployments.

Device Solutions revenue decreased 1%, or 9% in constant currency, due to lower legacy electricity product sales related to portfolio optimization in EMEA and lower North American project deployments.

Networked Solutions revenue decreased 13%, or 14% in constant currency, due to the timing of project deployments.

Outcomes revenue increased 22%, or 20% in constant currency, due to increased recurring and services revenue.

Resiliency Solutions revenue was $16 million which now includes revenue from both Urbint and Locusview. The Locusview acquisition closed in January 2026.

Adjusted Gross Margin
Itron's first quarter adjusted gross margin of 40.7% increased 490 basis points from the prior year due to customer and product mix and operational efficiencies.

Operating Expenses and Operating Income
GAAP operating expenses of $169 million increased $28 million from the prior year. Non-GAAP operating expenses of $154 million increased $17 million from the prior year. Both increases were due to higher sales, and general & administrative expenses largely due to the additions of Urbint and Locusview.

GAAP operating income of $68 million was $9 million lower than the prior year due to higher operating expenses, partially offset by higher gross profit.

Non-GAAP operating income of $84 million was $4 million higher than the prior year due to higher gross profit, partially offset by higher operating expenses.

Net Income and Earnings per Share (EPS)
Net income attributable to Itron, Inc. for the quarter was $53 million, or $1.18 per diluted share, compared with net income attributable to Itron, Inc. of $65 million, or $1.42 per diluted share in 2025. The decrease was driven by lower GAAP operating income and lower interest income.

Non-GAAP net income attributable to Itron, Inc., which excludes the expenses associated with amortization of intangible assets, amortization of debt placement fees, restructuring, loss on sale of business, strategic initiative expense, acquisition and integration related expenses, and the tax effect of excluding these expenses, was $68 million, or $1.49 per diluted share, compared with $70 million, or $1.52 per diluted share, in 2025. The decrease was driven by lower interest income, partially offset by higher Non-GAAP operating income.

Cash Flow
Net cash provided by operating activities was $86 million in the first quarter compared with $72 million in the prior year. Free cash flow was $79 million in the first quarter compared with $67 million in the prior year. The increase in free cash flow was primarily due to lower tax payments.

Other Measures

Total backlog at quarter end was $4.4 billion compared with $4.7 billion in the prior year. Bookings in the quarter totaled $476 million. 

Q2 2026 Outlook

Outlook for the second quarter of 2026 is as follows:

Revenue between $560 and $570 millionNon-GAAP diluted EPS between $1.25 and $1.35 Earnings Conference Call
Itron will host a conference call to discuss the financial results contained in this release at 10:00 a.m. EDT on April 28, 2026. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company’s website at https://investors.itron.com/events-presentations. Participants should access the webcast 10 minutes prior to the start of the call. A webcast replay of the conference call will be available through May 5, 2026 and may be accessed on the company's website at https://investors.itron.com/events-presentations.

About Itron

Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com

Itron® and the Itron Logo are registered trademarks of Itron, Inc. in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Cautionary Note Regarding Forward Looking Statements
This release contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical factors nor assurances of future performance. These statements are based on our expectations about, among others, revenues, operations, financial performance, earnings, liquidity, earnings per share, cash flows and restructuring activities including headcount reductions and other cost savings initiatives. This document reflects our current strategy, plans and expectations and is based on information currently available as of the date of this release. When we use words such as "expect", "intend", "anticipate", "believe", "plan", "goal", "seek", "project", "estimate", "future", "strategy", "objective", "may", "likely", "should", "will", "will continue", and similar expressions, including related to future periods, they are intended to identify forward-looking statements. Forward-looking statements rely on a number of assumptions and estimates. Although we believe the estimates and assumptions upon which these forward-looking statements are based are reasonable, any of these estimates or assumptions could prove to be inaccurate and the forward-looking statements based on these estimates and assumptions could be incorrect. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Therefore, you should not rely on any of these forward-looking statements. Some of the factors that we believe could affect our results include our ability to execute on our restructuring plans, our ability to achieve estimated cost savings, the rate and timing of customer demand for our products, rescheduling of current customer orders, changes in estimated liabilities for product warranties, adverse impacts of litigation, changes in laws, regulations, tariffs, sanctions, trade policies and retaliatory responses, our dependence on new product development and intellectual property, future acquisitions, changes in estimates for stock-based and bonus compensation, increasing volatility in foreign exchange rates, international business risks, uncertainties caused by adverse economic conditions, including without limitation those resulting from extraordinary events or circumstances and other factors that are more fully described in Part I, Item 1A: Risk Factors included in our Annual Report on Form 10-K for the year ended Dec 31, 2025 and other reports on file with the Securities and Exchange Commission. Itron undertakes no obligation to update or revise any information in this press release.

Non-GAAP Financial Information

To supplement our consolidated financial statements, which are prepared in accordance with accounting principles generally accepted in the United States (GAAP), we use certain adjusted or non-GAAP financial measures, including non-GAAP operating expense, non-GAAP operating income, non-GAAP net income, non-GAAP diluted earnings per share (EPS), adjusted EBITDA, free cash flow, adjusted gross profit, adjusted operating income, and constant currency. We provide these non-GAAP financial measures because we believe they provide greater transparency and represent supplemental information used by management in its financial and operational decision making. We exclude certain costs in our non-GAAP financial measures as we believe the net result is a measure of our core business. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. Non-GAAP performance measures should be considered in addition to, and not as a substitute for, results prepared in accordance with GAAP. We strongly encourage investors and shareholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Our non-GAAP financial measures may be different from those reported by other companies. When providing future outlooks and/or earnings guidance, a reconciliation of forward-looking non-GAAP diluted EPS to the GAAP diluted EPS has not been provided because we are unable to predict with reasonable certainty the potential amount or timing of restructuring related expenses and their related tax effects without unreasonable effort. These costs are uncertain, depend on various factors and could have a material impact on GAAP results for the guidance period. A more detailed discussion of why we use non-GAAP financial measures, the limitations of using such measures, and reconciliations between non-GAAP and the nearest GAAP financial measures are included in this press release.

For additional information, contact:

Itron, Inc.

Paul Vincent
Vice President, Investor Relations
(512) 560-1172

Stephanie Tarlton, CFA
Principal, Investor Relations
(512) 676-8365
[email protected]

Itron, Inc.

LinkedIn: https://www.linkedin.com/company/itroninc X: https://x.com/ItronInc Newsroom: https://na.itron.com/newsroom Blog: https://blogs.itron.com  ITRON, INC.CONSOLIDATED STATEMENTS OF OPERATIONS     (Unaudited, in thousands, except per share data)     Three Months Ended
March 31,    2026  2025 Revenues   Product revenues$477,801 $523,141  Service revenues 109,181  84,010   Total revenues 586,982  607,151 Cost of revenues   Product cost of revenues 300,209  346,442  Service cost of revenues 50,454  43,490   Total cost of revenues 350,663  389,932 Gross profit 236,319  217,219      Operating expenses   Sales, general and administrative 105,357  86,911  Research and development 54,999  50,090  Amortization of intangible assets 8,172  4,479  Restructuring 214  (553) Loss on sale of business —  79   Total operating expenses 168,742  141,006      Operating income 67,577  76,213 Other income (expense)   Interest income 5,660  11,710  Interest expense (5,809) (5,593) Other income (expense), net (233) (51)  Total other income (expense) (382) 6,066      Income before income taxes 67,195  82,279 Income tax provision (13,609) (16,929)Net income 53,586  65,350  Net income (loss) attributable to noncontrolling interests 127  (124)Net income attributable to Itron, Inc.$53,459 $65,474      Net income per common share - Basic$1.20 $1.44 Net income per common share - Diluted$1.18 $1.42      Weighted average common shares outstanding - Basic 44,734  45,338 Weighted average common shares outstanding - Diluted 45,470  46,172         ITRON, INC.SEGMENT INFORMATION     (Unaudited, in thousands)     Three Months Ended
March 31,    2026  2025 Product revenues   Device Solutions$123,728 $125,387  Networked Solutions 321,147  374,522  Outcomes 31,872  23,232  Resiliency Solutions 1,054  —   Total Company$477,801 $523,141      Service revenues   Device Solutions$649 $484  Networked Solutions 29,516  28,210  Outcomes 64,038  55,316  Resiliency Solutions 14,978  —   Total Company$109,181 $84,010      Total revenues   Device Solutions$124,377 $125,871  Networked Solutions 350,663  402,732  Outcomes 95,910  78,548  Resiliency Solutions 16,032  —   Total Company$586,982 $607,151      Adjusted gross profit   Device Solutions$44,019 $37,753  Networked Solutions 143,073  148,714  Outcomes 40,024  30,752  Resiliency Solutions 11,698  —   Total Company$238,814 $217,219      Adjusted segment operating income   Device Solutions$36,892 $30,471  Networked Solutions 110,136  116,109  Outcomes 22,355  14,330  Resiliency Solutions 4,331  —   Total Company$173,714 $160,910      Adjusted Gross Margin 40.7% 35.8%        ITRON, INC.CONSOLIDATED BALANCE SHEETS      (Unaudited, in thousands)March 31, 2026 December 31, 2025ASSETS   Current assets    Cash and cash equivalents$712,850  $1,020,397  Accounts receivable, net 393,170   367,794  Inventories 239,892   242,886  Other current assets 178,769   191,241   Total current assets 1,524,681   1,822,318       Property, plant, and equipment, net 122,226   112,193 Deferred tax assets, net 257,627   265,183 Other long-term assets 64,928   63,352 Operating lease right-of-use assets, net 36,601   29,341 Intangible assets, net 277,138   83,337 Goodwill 1,695,003   1,344,983   Total assets$3,978,204  $3,720,707       LIABILITIES AND EQUITY   Current liabilities    Accounts payable$172,924  $156,288  Other current liabilities 50,932   58,864  Wages and benefits payable 91,652   122,245  Taxes payable 22,173   16,618  Current portion of debt, net —   459,522  Current portion of warranty 12,969   10,868  Unearned revenue 222,972   187,822   Total current liabilities 573,622   1,012,227       Long-term debt, net 1,573,835   788,805 Long-term warranty 7,342   7,350 Pension benefit obligation 60,163   61,998 Deferred tax liabilities, net 9,618   623 Operating lease liabilities 28,278   19,623 Other long-term obligations 96,398   91,885   Total liabilities 2,349,256   1,982,511       Equity    Common stock 1,511,342   1,661,350  Accumulated other comprehensive loss, net (69,331)  (56,505) Retained earnings 165,210   111,751   Total Itron, Inc. shareholders' equity 1,607,221   1,716,596  Noncontrolling interests 21,727   21,600   Total equity 1,628,948   1,738,196   Total liabilities and equity$3,978,204  $3,720,707            ITRON, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS    (Unaudited, in thousands)Three Months Ended March 31,    2026   2025 Operating activities    Net income$53,586  $65,350  Adjustments to reconcile net income to net cash provided by operating activities:     Depreciation and amortization of intangible assets 18,536   12,068   Non-cash operating lease expense 3,309   2,923   Stock-based compensation 20,070   16,558   Amortization of prepaid debt fees 1,849   1,781   Deferred taxes, net 3,470   (5,461)  Loss on sale of business —   79   Restructuring, non-cash 462   (25)  Other adjustments, net 175   (338)Changes in operating assets and liabilities, net of acquisition and sale of business:    Accounts receivable (17,623)  6,414  Inventories 2,364   (10,099) Other current assets 11,699   (5,959) Other long-term assets (2,419)  (1,087) Accounts payable, other current liabilities, and taxes payable 8,309   10,529  Wages and benefits payable (33,472)  (48,692) Unearned revenue 18,041   39,113  Warranty 2,076   241  Restructuring (4,190)  (8,328) Other operating, net (741)  (2,950)  Net cash provided by operating activities 85,501   72,117       Investing activities    Acquisitions of property, plant, and equipment (6,527)  (4,639) Business acquisitions, net of cash and cash equivalents acquired (515,055)  —  Other investing, net 10   5   Net cash used in investing activities (521,572)  (4,634)      Financing activities    Proceeds from borrowings 805,000   —  Payments on debt (460,000)  —  Issuance of common stock 677   2,195  Payments on call spread for convertible offering (92,817)  —  Repurchase of common stock (100,000)  —  Prepaid debt fees (21,166)  (175) Other financing, net (274)  (259)  Net cash provided by financing activities 131,420   1,761       Effect of foreign exchange rate changes on cash and cash equivalents (2,896)  2,786 Increase (decrease) in cash and cash equivalents (307,547)  72,030 Cash and cash equivalents at beginning of period 1,020,397   1,051,237 Cash and cash equivalents at end of period$712,850  $1,123,267          About Non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared in accordance with GAAP, we use certain non-GAAP financial measures, including non-GAAP operating expense, non-GAAP operating income, non-GAAP net income, non-GAAP diluted EPS, adjusted EBITDA, free cash flow, adjusted gross profit, adjusted operating income, and constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and other companies may define such measures differently. For a reconciliation of each non-GAAP measure to the most comparable financial measure prepared and presented in accordance with GAAP, please see the table captioned Reconciliations of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures.

We use these non-GAAP financial measures for financial and operational decision making and/or as a means for determining executive compensation. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and ability to service debt by excluding certain expenses that may not be indicative of our recurring core operating results. These non-GAAP financial measures facilitate management's internal comparisons to our historical performance, as well as comparisons to our competitors' operating results. Our executive compensation plans exclude non-cash charges related to amortization of intangibles and depreciation of property, plant, and equipment and certain discrete cash and non-cash charges, such as restructuring, loss on sale of business, strategic initiative expenses, or acquisition and integration related expenses. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods. We believe these non-GAAP financial measures are useful to investors because they provide greater transparency with respect to key metrics used by management in its financial and operational decision making and because they are used by our institutional investors and the analyst community to analyze the health of our business.

Non-GAAP operating expenses and non-GAAP operating income – We define non-GAAP operating expenses as operating expenses excluding certain expenses related to the amortization of intangible assets, restructuring, loss on sale of business, strategic initiative expenses, and acquisition and integration related expenses. We define non-GAAP operating income as operating income excluding the expenses related to the amortization of intangible assets, restructuring, loss on sale of business, strategic initiative expenses, and acquisition and integration related expenses. Acquisition and integration related expenses include costs, which are incurred to affect and integrate business combinations, such as professional fees; certain employee retention and salaries related to integration; employee severance; contract terminations; travel costs related to knowledge transfer; system conversion costs; and asset impairment charges. We consider these non-GAAP financial measures to be useful metrics for management and investors because they exclude the effect of expenses that are not related to our core operating results. By excluding these expenses, we believe that it is easier for management and investors to compare our financial results over multiple periods and analyze trends in our operations. For example, in certain periods, expenses related to amortization of intangible assets may decrease, which would improve GAAP operating margins, yet the improvement in GAAP operating margins due to this lower expense is not necessarily reflective of an improvement in our core business. There are some limitations related to the use of non-GAAP operating expenses and non-GAAP operating income versus operating expenses and operating income calculated in accordance with GAAP. We compensate for these limitations by providing specific information about the GAAP amounts excluded from non-GAAP operating expense and non-GAAP operating income and evaluating non-GAAP operating expense and non-GAAP operating income together with GAAP operating expense and operating income.

Non-GAAP net income and non-GAAP diluted EPS – We define non-GAAP net income as net income attributable to Itron, Inc. excluding the expenses associated with amortization of intangible assets, amortization of debt placement fees, restructuring, loss on sale of business, strategic initiative expenses, acquisition and integration related expenses, and the tax effect of excluding these expenses. We define non-GAAP diluted EPS as non-GAAP net income divided by diluted weighted-average shares outstanding during the period calculated on a GAAP basis and then reduced to reflect any anti-dilutive impact of the convertible notes hedge transactions. We consider these financial measures to be useful metrics for management and investors for the same reasons that we use non-GAAP operating income. The same limitations described above regarding our use of non-GAAP operating income apply to our use of non-GAAP net income and non-GAAP diluted EPS. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP measures and evaluating non-GAAP net income and non-GAAP diluted EPS together with GAAP net income attributable to Itron, Inc. and GAAP diluted EPS.

For interim periods the budgeted annual effective tax rate (AETR) is used, adjusted for any discrete items, as defined in Accounting Standards Codification (ASC) 740 - Income Taxes. The budgeted AETR is determined at the beginning of the fiscal year. The AETR is revised throughout the year based on changes to our full-year forecast. If the revised AETR increases or decreases by 200 basis points or more from the budgeted AETR due to changes in the full-year forecast during the year, the revised AETR is used in place of the budgeted AETR beginning with the quarter the 200 basis point threshold is exceeded and going forward for all subsequent interim quarters in the year. We continue to assess the AETR based on latest forecast throughout the year and use the most recent AETR anytime it increases or decreases by 200 basis points or more from the prior interim period.

Adjusted EBITDA – We define adjusted EBITDA as net income (a) minus interest income, (b) plus interest expense, depreciation and amortization, restructuring, loss on sale of business, strategic initiative expenses, acquisition and integration related expenses, and (c) excluding income tax provision or benefit. Management uses adjusted EBITDA as a performance measure for executive compensation. A limitation to using adjusted EBITDA is that it does not represent the total increase or decrease in the cash balance for the period and the measure includes some non-cash items and excludes other non-cash items. Additionally, the items that we exclude in our calculation of adjusted EBITDA may differ from the items that our peer companies exclude when they report their results. We compensate for these limitations by providing a reconciliation of this measure to GAAP net income.

Free cash flow – We define free cash flow as net cash provided by operating activities less cash used for acquisitions of property, plant and equipment. We believe free cash flow provides investors with a relevant measure of liquidity and a useful basis for assessing our ability to fund our operations and repay our debt. The same limitations described above regarding our use of adjusted EBITDA apply to our use of free cash flow. We compensate for these limitations by providing specific information regarding the GAAP amounts in the reconciliation.

Adjusted gross profit – We define adjusted gross profit as gross profit excluding the amortization expense of core-developed technology intangible assets.

Adjusted operating income – We define adjusted operating income as operating income excluding the amortization of core-developed technology intangible assets.

Constant currency – We refer to the impact of foreign currency exchange rate fluctuations in our discussions of financial results, which references the differences between the foreign currency exchange rates used to translate operating results from the entity's functional currency into U.S. dollars for financial reporting purposes. We also use the term "constant currency", which represents financial results adjusted to exclude changes in foreign currency exchange rates as compared with the rates in the comparable prior year period. We calculate the constant currency change as the difference between the current period results and the comparable prior period's results restated using current period foreign currency exchange rates.

The tables below reconcile the non-GAAP financial measures of operating expenses, operating income, net income, diluted EPS, adjusted EBITDA, and free cash flow with the most directly comparable GAAP financial measures.

ITRON, INC.RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURESTO THE MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES(Unaudited, in thousands, except per share data)  TOTAL COMPANY RECONCILIATIONSThree Months Ended March 31,     2026  2025  NON-GAAP OPERATING EXPENSES    GAAP operating expenses$168,742 $141,006    Amortization of intangible assets (1) (8,172) (4,479)   Restructuring (214) 553    Loss on sale of business —  (79)   Strategic initiative (20) —    Acquisition and integration (5,977) (51)  Non-GAAP operating expenses$154,359 $136,950        NON-GAAP OPERATING INCOME    GAAP operating income$67,577 $76,213    Amortization of intangible assets 10,667  4,479    Restructuring 214  (553)   Loss on sale of business —  79    Strategic initiative 20  —    Acquisition and integration 5,977  51   Non-GAAP operating income$84,455 $80,269        NON-GAAP NET INCOME & DILUTED EPS    GAAP net income attributable to Itron, Inc.$53,459 $65,474    Amortization of intangible assets 10,667  4,479    Amortization of debt placement fees 1,830  1,737    Restructuring 214  (553)   Loss on sale of business —  79    Strategic initiative 20  —    Acquisition and integration 5,977  51    Income tax effect of non-GAAP adjustments (4,475) (1,157)  Non-GAAP net income attributable to Itron, Inc.$67,692 $70,110         Non-GAAP diluted EPS$1.49 $1.52         Non-GAAP weighted average common shares outstanding - Diluted 45,470  46,172       (1)   Excludes amortization of core-developed technology intangible assets.  ITRON, INC.RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURESTO THE MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES(Unaudited, in thousands)  TOTAL COMPANY RECONCILIATIONSThree Months Ended March 31,     2026  2025  ADJUSTED EBITDA    GAAP net income attributable to Itron, Inc.$53,459 $65,474    Interest income (5,660) (11,710)   Interest expense 5,809  5,593    Income tax provision 13,609  16,929    Depreciation and amortization 18,536  12,068    Restructuring 214  (553)   Loss on sale of business —  79    Strategic initiative 20  —    Acquisition and integration 5,977  51   Adjusted EBITDA$91,964 $87,931        FREE CASH FLOW    Net cash provided by operating activities$85,501 $72,117    Acquisitions of property, plant, and equipment (6,527) (4,639)  Free Cash Flow$78,974 $67,478                    The tables below reconcile the non-GAAP financial measure of adjusted gross profit with the most directly comparable GAAP financial measure.

TOTAL COMPANY RECONCILIATIONS Three Months Ended March 31, 2026(Unaudited, in thousands) Device
Solutions Networked
Solutions Outcomes Resiliency
Solutions Segments
SubtotalTotal revenues $124,377  $350,663  $95,910  $16,032  $586,982 Total cost of revenues  80,358   207,590   56,511   6,204   350,663 Gross profit  44,019   143,073   39,399   9,828   236,319 Gross margin  35.4%  40.8%  41.1%  61.3%  40.3%Amortization of core-developed technology intangible assets $—  $—  $625  $1,870  $2,495 Adjusted gross profit  44,019   143,073   40,024   11,698   238,814 Adjusted gross margin  35.4%  40.8%  41.7%  73.0%  40.7%             Three Months Ended March 31, 2025  (Unaudited, in thousands) Device
Solutions Networked
Solutions Outcomes Segments
Subtotal  Total revenues $125,871  $402,732  $78,548  $607,151   Total cost of revenues  88,118   254,018   47,796   389,932   Gross profit  37,753   148,714   30,752   217,219   Gross margin  30.0%  36.9%  39.2%  35.8%  Amortization of core-developed technology intangible assets $—  $—  $—  $—   Adjusted gross profit  37,753   148,714   30,752   217,219   Adjusted gross margin  30.0%  36.9%  39.2%  35.8%  

For the quarter ended March 2026, Itron (ITRI - Free Report) reported revenue of $586.98 million, down 3.3% over the same period last year. EPS came in at $1.49, compared to $1.52 in the year-ago quarter.

The reported revenue represents a surprise of +2.81% over the Zacks Consensus Estimate of $570.97 million. With the consensus EPS estimate being $1.26, the EPS surprise was +18.73%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Itron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue- Outcomes: $95.91 million compared to the $92.09 million average estimate based on four analysts. The reported number represents a change of +22.1% year over year.Revenue- Device Solutions: $124.38 million versus the four-analyst average estimate of $115.06 million. The reported number represents a year-over-year change of -1.2%.Revenue- Networked Solutions: $350.66 million versus $352.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -12.9% change.Revenue- Product revenues- Device Solutions: $123.73 million versus $116.07 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.Revenue- Service revenues- Networked Solutions: $29.52 million compared to the $28.8 million average estimate based on three analysts. The reported number represents a change of +4.6% year over year.Revenue- Product revenues- Networked Solutions: $321.15 million versus $321.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.3% change.Revenue- Product revenues: $477.8 million versus $470.8 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.7% change.Revenue- Service revenues: $109.18 million compared to the $107.36 million average estimate based on two analysts. The reported number represents a change of +30% year over year.Revenue- Service revenues- Outcomes: $64.04 million versus the two-analyst average estimate of $65.64 million. The reported number represents a year-over-year change of +15.8%.Revenue- Service revenues- Device Solutions: $0.65 million compared to the $0.46 million average estimate based on two analysts. The reported number represents a change of +34.1% year over year.Revenue- Resiliency Solutions: $16.03 million versus the two-analyst average estimate of $13.5 million.Revenue- Product revenues- Outcomes: $31.87 million versus the two-analyst average estimate of $26.59 million. The reported number represents a year-over-year change of +37.2%.View all Key Company Metrics for Itron here>>>

Shares of Itron have returned +3.6% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Itron (ITRI +0.36%) stock managed to narrowly close out Tuesday's trading in the green despite big sell-offs early in the session. The company's share price ended the day's trading up 0.1% but had been off as much as 9.7% early in the day. Meanwhile, the S&P 500 ended the day down 0.5%, and the Nasdaq Composite closed out the session down 0.9%.

Itron posted its first-quarter results before the market opened today, and investors initially had a harshly negative reaction to the company's quarterly print and forward guidance. Despite the initial bearish response to the report, the company's share price saw strong recovery as the day progressed.

Image source: Getty Images.

Itron actually topped Wall Street's expectations for Q1 Itron recorded non-GAAP (adjusted) earnings per share of $1.49 in the first quarter, beating the average Wall Street analyst estimate by $0.25 per share. Meanwhile, sales came in at roughly $587 million -- beating the average analyst target by roughly $14.9 million. While sales came in roughly 3% lower compared to last year's quarter, the performance still beat analyst's expectations. While networked solutions ales fell roughly 13% year over year, outcomes revenues were up 22% compared to the prior-year period and helped mitigate the overall sales drop off in the period.

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What should investors make of Itron's guidance? Itron is guiding for sales to come in between $560 million and $570 million this quarter -- a level that fell significantly short of the average analyst estimate's call for sales of $607 million heading into the company's latest business update. Meanwhile, adjusted earnings per share are projected to be between $1.25 and $1.35 -- a target range that also fell short of Wall Street's call for per-share earnings of $1.46 in the period. While shares rebounded after their initial sell-offs today, the company's softer-than-expected forward guidance suggests that the stock could continue to face valuation pressures in the near term.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Itron. The Motley Fool has a disclosure policy.

Itron faces muted sales growth, soft bookings, and a questionable acquisition-driven strategy, leading to a cautious stance despite management's upbeat narrative. First-quarter sales declined 3% to $587 million, with margins under pressure and bookings translating to a weak 0.81x book-to-bill ratio. Recent $850 million acquisitions contribute minimally to revenue, raising concerns about deal multiples and future earnings dilution.

LIBERTY LAKE, Wash., May 26, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), the intelligent infrastructure provider for modern energy and water management, is expanding its collaboration with Hunter Water, the water utility serving the Lower Hunter region of New South Wales, Australia, to support the utility’s digital water journey as part of its Digital Metering Pilot Program. Hunter Water aims to use data to improve water network management and reduce non-revenue water while enabling customers to better understand their usage and conserve water. As part of the pilot program, Hunter Water is deploying a variety of meters including Itron Intelis wSource NB-IoT ultrasonic water meters that will be managed through Temetra, Itron’s cloud‑based, multi‑vendor, multi‑commodity meter data management solution, which is already in use by the utility.

Hunter Water’s Digital Metering Pilot Program is focused on building a more data‑driven and resilient water network. With Itron’s technology, the utility aims to advance program objectives and detect leaks sooner, reduce water loss, improve operations and empower customers with better insight into their water use.

The pilot program will include 2,000 Itron Intelis wSource NB-IoT ultrasonic water meters, which the utility will begin deploying in Q3 2026, helping Hunter Water better understand how digital meters can support future water services. The Itron technology will provide near real-time visibility of customers’ water consumption, enabling faster leak detection and quicker response to reduce water loss.

Hunter Water will use Itron’s Temetra meter data management solution to manage data from both the new Itron digital meters and its existing mechanical meters—all within a single system, supporting Hunter Water’s digital water journey. This centralised system enables Hunter Water to unlock greater value from its metering data and support ongoing operational improvements and more informed decision making as water resources become increasingly constrained.

Over the past nine years, Hunter Water has achieved a 33 percent reduction in water leaks across its water network through a range of solutions implemented under its water loss reduction program. The addition of digital meters and other water loss reduction projects across its service territory keeps the utility positioned to continue building on this progress. Itron’s digital meters combined with its communication modules will support Hunter Water in meeting its water conservation and reliable operational aspirations.

“At Hunter Water, we are committed to embracing innovative solutions that support our community and help us reduce water losses across our network,” said Matt Hingston, Executive Manager, Customer Services. “Digital water meters provide more timely and detailed insight into water consumption, which helps us identify potential leaks sooner and respond more effectively. Just as importantly, this data helps Hunter Water to tailor our approach to directly engaging with customers about their water use and to encourage them to make more informed decisions about conservation.”

“With decades of history working together, Itron and Hunter Water have delivered projects that reflect evolving operational goals and changing environmental conditions,” said Justin Patrick, senior vice president of Device Solutions at Itron. “As an existing Temetra customer for more than five years, deploying Itron digital water meters represents the next step in Hunter Water’s digital water journey. Temetra gives Hunter Water the flexibility to adopt and deploy new technologies at its own pace, supporting both current needs and future innovation. We look forward to continuing our work together and helping the utility achieve its long term operational and water management goals.”

About Itron

Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world: www.itron.com.

Itron®, the Itron Logo, Intelis, and Temetra are registered trademarks of Itron, Inc in the United States and/or other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

For additional information, contact:

Itron, Inc.

Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
[email protected]

Paul Vincent
Vice President, Investor Relations
512-560-1172
[email protected]

Itron, Inc.

LinkedIn: www.linkedin.com/company/itronincX: www.x.com/itronincNewsroom: https://itron.com/newsroomBlog: https://itron.com/blog

A month has gone by since the last earnings report for Itron (ITRI - Free Report) . Shares have added about 3.2% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Itron due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Itron, Inc. before we dive into how investors and analysts have reacted as of late.

Itron’s Q1 Earnings Top EstimatesItron reported non-GAAP earnings per share (EPS) of $1.49 for first-quarter 2026, which beat the Zacks Consensus Estimate by 18.3%. The company reported earnings of $1.52 per share in the prior-year quarter. The year-over-year decline was due to lower interest income, partially offset by higher operating income.

Itron reported quarterly revenues of $587 million, which declined 3% year over year but exceeded the upper end of guidance ($565-$575 million). The top line surpassed the Zacks Consensus Estimate by 2.8%. The revenue decline was largely due to portfolio optimization efforts and the timing of project deployments.

Management stated that first-quarter results exceeded expectations, driven by strong execution and some projects progressing ahead of schedule, which led to a record gross profit. The company highlighted that utility customers remain focused on resiliency and affordability, with a structural, multi-year investment trend toward adding intelligence to the grid, an area well aligned with Itron’s strengths in networks, analytics and operational intelligence.

Product revenues were $477.8 million (81.4% of total revenues), down 8.7% year over year. Service revenues totaled $109.2 million (18.6%), up 30%.

Itron’s bookings were $476 million in the first quarter of 2026, and its backlog amounted to $4.4 billion at the end of the quarter. The first quarter included several key wins, including progress on a strategic grid visibility program with Duquesne Light Company. The engagement underscores rising demand for distributed intelligence and Grid Edge Computing as utilities modernize networks, while highlighting Itron’s ability to deliver an integrated solution combining smart devices, software and communications for next-generation grid operations.

Segments in DetailDevice Solutions (21.2% of total revenues): Revenues fell 1% (9% in constant currency or cc) to $124.4 million primarily due to lower sales of legacy EMEA electricity products and reduced project deployments in North America.

Networked Solutions (59.7%): Revenues dipped 13% (14% in cc) to $350.7 million, primarily due to the timing of project deployments.

Outcomes (16.4%): Revenues rose 22% (or 20% in cc) to $95.9 million, driven by growth in recurring and services revenue.

Resiliency Solutions (2.7%): The company reported revenues of $16 million. Starting with the first-quarter 2026 report, the combined results of Locusview and Urbint will be included in this segment.

Operating DetailsItron’s gross margin for the quarter rose significantly to 40.7%, a 490-basis point (bp) improvement year over year. This increase was attributed to a favorable mix and improved operational efficiencies.

Non-GAAP operating expenses were $154.4 million, up $17 million from the prior year, primarily due to higher sales and increased general and administrative expenses driven by the additions of Urbint and Locusview.

Non-GAAP operating income was $84.5 million compared with $80.3 million in the year-ago quarter. The upside was driven by higher gross profit. Non-GAAP operating margins expanded 120 bps to 14.4%.

Adjusted EBITDA jumped 4.7% year over year to $92 million. Adjusted EBITDA margins gained 120 bps to 15.7%.

Balance Sheet & Cash FlowsAs of March 31, 2026, cash and cash equivalents totaled $712.9 million compared with $1.1 billion as of Dec. 31, 2025. The company’s cash balance declined by about $300 million from year-end 2025, primarily due to the January acquisition of Locusview, the February issuance of $805 million in zero-interest convertible senior notes, the March repayment of $460 million in 2021 convertible notes, a $100 million share repurchase and $79 million in free cash flow generated during the first quarter.

As of March 31, 2026, net long-term debt was $1.6 billion compared with $788.8 million as of Dec. 31, 2025.

Itron generated $85.5 million of cash from operations in the reported quarter compared with $72.1 million in the prior-year quarter.

In the first quarter, the free cash flow reached $79 million, up from $67 million in the previous year's quarter. Free cash flow increased mainly due to a reduction in tax payments.

Financial GuidanceFor the second quarter, the company expects revenue to range from $560 million to $570 million, with the midpoint implying a 7% year-over-year decline. The anticipated fall reflects a pull-forward of first-half projects into the first quarter, while the broader first-half 2026 outlook remains consistent with the company’s previous guidance in February.

Non-GAAP EPS is projected between $1.25 and $1.35, with the midpoint suggesting an approximately 8% decline year over year after adjusting for tax rate and interest income.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.

The consensus estimate has shifted -8.19% due to these changes.

VGM ScoresAt this time, Itron has a nice Growth Score of B, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of A on the value side, putting it in the top quintile for value investors.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Itron has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Itron’s portfolio supported utility decarbonization through demand response, distributed intelligence, consumer engagement and more efficient energy and water operations.Itron's solutions enabled customers to avoid at least 8.7 million metric tons of greenhouse gas (GHG) emissions or more than 690 times the carbon that Itron’s own operations produced.Operational emissions declined 11% year over year, contributing to a roughly 56% cumulative reduction from Itron’s 2019 baseline. LIBERTY LAKE, Wash., June 03, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), the intelligent infrastructure provider for modern energy and water management, has released its 2025 Corporate Sustainability Report. The report highlights Itron’s progress across customer impact, operational emissions reductions, governance, workplace safety and community engagement.

“At Itron, sustainability is core to who we are and how we create a more resourceful world,” said Tom Deitrich, president and CEO of Itron. “In 2025, we continued to perform as promised, advancing our climate goals, strengthening our safety and governance programs, and helping customers reduce emissions through our solutions. As utilities face growing pressure from aging infrastructure, extreme weather, resource scarcity and affordability concerns, our work remains focused on helping them operate more efficiently, reliably and sustainably.”

Key areas of progress highlighted in the 2025 Corporate Sustainability Report include:

Advancing Carbon Reduction Goals: Operational emissions continued to decline, with an 11% year-over-year reduction in Scope 1 and Scope 2 emissions and a roughly 56% cumulative reduction from Itron’s 2019 baseline, while the company maintained its commitment to carbon neutrality by 2035 and net-zero emissions by 2050.Helping Utilities Reduce Environmental Impact: In 2025, Itron’s solutions enabled customers to avoid at least 8.7 million metric tons of greenhouse gas (GHG) emissions or more than 690 times the carbon that Itron’s own operations produced. Itron’s solutions support utility decarbonization through improved operational efficiency, demand response, distributed intelligence, increased consumer engagement and smarter energy and water management.Operating with Trust and Accountability: Itron strengthened its governance and ethics programs, earning recognition as one of the World’s Most Ethical Companies by Ethisphere, introducing a formal Anti-Money Laundering Policy and achieving 100% completion of its companywide Code of Conduct training.Supporting People and Communities: Workplace safety and community impact advanced through ISO 45001 certification at Itron’s Mâcon, France facility, multi-year zero-recordable-incident milestones at several manufacturing sites and more than $500,000 in contributions from Itron and employees to over 440 organizations globally. Together, these efforts reflect Itron’s approach to sustainability by reducing the company’s own environmental footprint while helping utilities and cities build more efficient, resilient and sustainable infrastructure.

The full 2025 Corporate Sustainability Report is available for download at www.itron.com/esg.

About Itron
Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world: www.itron.com.

Itron® and the Itron logo are registered trademarks of Itron, Inc. in the United States and other countries and regions. All third-party trademarks are property of their respective owners, and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Additional Resources:

LinkedIn: https://www.linkedin.com/company/itroninc/X: https://twitter.com/ItronIncNewsroom: https://na.itron.com/newsroomBlog: https://blogs.itron.com/ Media Contact:
Alison Mallahan
Senior Manager, Corporate Communications
(509) 891-3802
[email protected]

Investor Contact:
Paul Vincent
Vice President, Investor Relations
(512) 560-1172
[email protected]

© Gorodenkoff / Shutterstock.com

Super Micro Computer (NASDAQ: SMCI | SMCI Price Prediction) and Dell Technologies (NYSE: DELL) just reported quarters that tell opposite stories about the AI server boom.

Dell crushed expectations with $43.84 billion in Q1 FY27 revenue and raised its full-year outlook sharply. Supermicro grew fast but missed consensus expectations while a board review hangs overhead. Two AI server leaders, two very different quarters.

Dell Lands the Bigger Punch. Supermicro Stumbles on the Top Line. Dell’s Infrastructure Solutions Group did the heavy lifting. ISG hit $29.01 billion (+181% YoY), with AI-Optimized Servers alone at $16.13 billion (+757% YoY). That growth rate is not a typo, and it reflects a deep enterprise channel translating GPU orders into shipments. Commercial PCs added a quieter $13.02 billion record, the kind of ballast Supermicro simply does not have.

Supermicro’s Q3 FY26 told a messier tale. Revenue of $10.24 billion grew 122.7% YoY but fell short of the $12.45 billion the Street wanted.

Non-GAAP EPS of $0.84 beat expectations, and gross margin recovered to 9.9% from 6.3%. CEO Charles Liang framed it as progress: “Supermicro’s transformation into a total datacenter infrastructure provider is accelerating.” The catch: results are preliminary and unaudited, with an independent board review tied to export-control matters.

Business Driver Supermicro Dell AI server engine DCBBS, Blackwell Ultra systems AI-Optimized Servers (+757% YoY) Gross margin 9.9% 17.8% Diversification Pure-play AI servers Servers, storage, PCs Pure-Play AI Bet vs. Full-Stack Cushion Supermicro is doubling down on one thing: building the densest, fastest liquid-cooled AI racks money can buy. New Silicon Valley manufacturing, a Taiwan footprint, and Netherlands capacity all feed the DCBBS model. The reward is speed. The cost is concentration.

Operating cash flow ran negative $6.6 billion in the quarter, and total bank debt and convertibles sit at $8.8 billion. That is an aggressive bet to fund inventory for hyperscale orders.

Dell takes the wider road. R&D rose 22% YoY to $983 million, AI orders booked in the quarter hit $24.4 billion, and management returned $2.1 billion through buybacks and dividends.

Full-year guidance moved up to $165 billion to $169 billion, with AI servers alone guided to roughly $60 billion (+144% YoY). Negative book value of -$1.4 billion is the asterisk, though strong cash generation softens that concern.

What I Want to See Next For Supermicro, the export-control review needs resolution. Until then, every number carries a footnote. I will be watching whether margin recovery sticks above 10% as Blackwell Ultra shipments scale and whether the cash burn reverses once inventory clears.

Dell’s path is simpler: keep converting that $43 billion AI backlog without further margin slippage. Q2 guidance of $44 billion to $45 billion already implies a 49% jump, so execution risk is real.

Why I Lean Toward Dell Right Now If you want clean exposure to the AI server cycle, I lean Dell. The full-stack model, the cash returns, and a guidance raise of that magnitude make the story easier to underwrite.

Supermicro is more interesting if you want torque. Reddit sentiment hit 82, very bullish, on May 20, and SMCI is up 50.29% year to date. Dell, meanwhile, has run 220.83% YTD, so the easy money is already in the rearview. For investors weighing the two, Dell offers the steadier core exposure, while Supermicro carries higher torque and additional risk until the board review closes cleanly.

Super Micro Computer's stock is taking a bigger hit than most today, after the company said it plans to raise funds to meet AI demand.

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: IPOX Schuster Founder & CEO Josef Schuster and Renaissance Capital Senior Strategist Matt Kennedy.

SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the pricing of its previously announced series of concurrent equity and equity-linked financing transactions. The gross proceeds of these offerings, together with potential gross proceeds of Supermicro’s $1.25 billion at-the-market, or ATM, offering program for the sale of common stock over time, represent a total potential equity raise of $7.0 billion, inclusive of the underwriters’ options to purchase additional shares and additional depositary shares for the common stock offering and the depositary shares offering, respectively.

Supermicro priced concurrent underwritten public offerings of 45,454,545 shares of common stock at a public offering price of $27.50 per share and 75,000,000 depositary shares, each representing a 1/20th interest in a share of newly issued 7.0% series A mandatory convertible preferred stock at a public offering price of $50 per share. Supermicro has granted to the underwriters of each offering a 30-day option to purchase 6,818,181 additional shares of common stock and 11,250,000 additional depositary shares, respectively.

The offering of common stock is expected to close on June 12, 2026 and the offering of depositary shares are expected to close on June 15, 2026, subject to customary closing conditions. The completion of the common stock offering will not be contingent on the completion of the depositary share offering, and the completion of the depositary share offering will not be contingent on the completion of the common stock offering. In addition to these underwritten offerings, the Company entered into a distribution agreement with J.P. Morgan, Goldman Sachs & Co. LLC and Citigroup, as managers, pursuant to which the Company may offer and sell, from time to time its common stock up to a maximum aggregate offering amount of up to $1.25 billion. Such sales are not expected to commence until the third quarter of 2026, subject to market conditions and other factors.

The net proceeds from the offering of common stock will be approximately $1.22 billion (assuming the underwriters of that offering do not exercise their option to purchase additional shares), after deducting underwriting discounts and estimated offering expenses payable by Supermicro. The net proceeds from the offering of depositary shares will be approximately $3.68 billion (assuming the underwriters of the offering do not exercise their over-allotment option to purchase additional depositary shares), after deducting underwriting discounts and estimated offering expenses payable by Supermicro.

The Company intends to use a portion of the net proceeds from the offerings, together with proceeds from the ATM program, to fund the purchase of components to satisfy the approximately $39 billion of orders that the Company has received in recent weeks for its advanced AI servers, including its Data Center Building Block Solutions, from more than 20 customers, that the Company plans to fulfill in future quarters. The Company may also use a portion of the net proceeds from the offerings for other general corporate purposes, which may include repayment of debt, additions to working capital and capital expenditures.

Terms of Depositary Shares and Underlying Mandatory Convertible Preferred Stock

Each depositary share that is offered in the public underwritten offering will represent a 1/20th interest in newly issued series A mandatory convertible preferred stock. Holders of the depositary shares will be entitled to a proportional fractional interest in the rights and preferences of the mandatory convertible preferred stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of a deposit agreement. The mandatory convertible preferred stock will accumulate dividends at a rate per annum equal to 7.0% on the liquidation preference thereof, which is $1,000 per share, payable in cash or, subject to certain limitations, by delivery of shares of common stock or through any combination of cash and shares of common stock, as determined by the Company’s board of directors (or an authorized committee thereof) in its sole discretion. Declared dividends on the series A mandatory convertible preferred stock will be payable quarterly on March 1, June 1, September 1 and December 1 of each year, commencing on, and including, September 1, 2026 and ending on, and including, June 1, 2029. Unless earlier converted, each share of series A mandatory convertible preferred stock will automatically convert on the second business day immediately following the last trading day of the final averaging period into between 30.3040 and 36.3640 shares of common stock (and, correspondingly, each depositary share will automatically convert into between 1.5152 and 1.8182 shares of common stock), subject to customary anti-dilution adjustments, determined based on the volume-weighted average price of the common stock over the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day prior to June 1, 2029. Other than during a fundamental change conversion period (as defined in the prospectus supplement relating to the offering), at any time prior to June 1, 2029, a holder of 20 depositary shares may cause the bank depositary to convert one share of series A mandatory convertible preferred stock, on such holder’s behalf, into a number of shares of common stock equal to the minimum conversion rate of 30.3040, subject to certain anti-dilution and other adjustments. Currently, there is no public market for the depositary shares or the mandatory convertible preferred stock. The Company has applied to list the depositary shares on the Nasdaq Global Select Market under the symbol “SMCIP.”

Underwriters

J.P. Morgan, Goldman Sachs & Co. LLC and Citigroup are acting as lead joint bookrunning managers for the offerings. Credit Agricole CIB, HSBC, MUFG, TD Securities, BNP Paribas, BMO Capital Markets, KeyBanc Capital Markets and Scotiabank are acting as joint bookrunners. Needham & Company is acting as lead manager. Loop Capital Markets, Northland Capital Markets, Rosenblatt and CJS Securities are acting as co-managers. ICR Capital LLC is acting as the Company’s financial advisor for the depositary shares offering.

Registration Statement and Prospectus

The Company has filed a registration statement on Form S-3 (including a prospectus) with the Securities and Exchange Commission for the offerings to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company, these offerings and the ATM program. Each concurrent offering and any sales of stock under the ATM program may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the registration statement, preliminary prospectus supplements and accompanying prospectuses related to the concurrent offerings and of the prospectus supplement related to the ATM program can be obtained by visiting the SEC’s website at http://www.sec.gov or by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by email at [email protected]; or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor any securities issuable upon conversion of these securities, nor does it constitute an offer, solicitation or sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About Supermicro

Supermicro is a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services.

“Safe Harbor” Statement

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, statements relating to the common stock offering, depositary share offering and the ATM program, the timing and extent of the Company’s use of the ATM program, statements regarding the intended use of the net proceeds from the offerings and the ATM program, and statements regarding the $39 billion of AI orders that the Company has received, which do not constitute firm commitments and are all subject to cancellation, delays and remain subject to fulfillment of the applicable terms and conditions by both parties. Forward-looking statements may be identified by the use of the words “may,” “will,” “plans,” “expect,” “intend” and other similar expressions. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward-looking statements are based on management’s current expectations and beliefs about future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties include, but are not limited to, the risks related to whether the Company will consummate the offerings on the expected terms or at all, the intended use of the net proceeds from the offering, including with respect to orders for advanced AI servers, market and general conditions, and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the U.S. Securities and Exchange Commission (the “SEC”). The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

More News From Super Micro Computer, Inc.

Supermicro Announces Pricing of Equity and Equity-Linked Financing Transactions To Fund AI Orders Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the pricing of its previously announced series of concurrent equity and equity-linked financing transactions. The gross proceeds of these offerings, together with potential gross proceeds of Supermicro’s $1.25 billion at-the-market, or ATM, offering program for the sale of common stock over time, represent a total potential equity raise of $7.0 billion, inclusive of the underwriters’ options to purchase additional shares and additional depositary shares for the common stock offering and the depositary shares offering, respectively.

Supermicro priced concurrent underwritten public offerings of 45,454,545 shares of common stock at a public offering price of $27.50 per share and 75,000,000 depositary shares, each representing a 1/20th interest in a share of newly issued 7.0% series A mandatory convertible preferred stock at a public offering price of $50 per share. Supermicro has granted to the underwriters of each offering a 30-day option to purchase 6,818,181 additional shares of common stock and 11,250,000 additional depositary shares, respectively.

The offering of common stock is expected to close on June 12, 2026 and the offering of depositary shares are expected to close on June 15, 2026, subject to customary closing conditions. The completion of the common stock offering will not be contingent on the completion of the depositary share offering, and the completion of the depositary share offering will not be contingent on the completion of the common stock offering. In addition to these underwritten offerings, the Company entered into a distribution agreement with J.P. Morgan, Goldman Sachs & Co. LLC and Citigroup, as managers, pursuant to which the Company may offer and sell, from time to time its common stock up to a maximum aggregate offering amount of up to $1.25 billion. Such sales are not expected to commence until the third quarter of 2026, subject to market conditions and other factors.

The net proceeds from the offering of common stock will be approximately $1.22 billion (assuming the underwriters of that offering do not exercise their option to purchase additional shares), after deducting underwriting discounts and estimated offering expenses payable by Supermicro. The net proceeds from the offering of depositary shares will be approximately $3.68 billion (assuming the underwriters of the offering do not exercise their over-allotment option to purchase additional depositary shares), after deducting underwriting discounts and estimated offering expenses payable by Supermicro.

The Company intends to use a portion of the net proceeds from the offerings, together with proceeds from the ATM program, to fund the purchase of components to satisfy the approximately $39 billion of orders that the Company has received in recent weeks for its advanced AI servers, including its Data Center Building Block Solutions, from more than 20 customers, that the Company plans to fulfill in future quarters. The Company may also use a portion of the net proceeds from the offerings for other general corporate purposes, which may include repayment of debt, additions to working capital and capital expenditures.

Terms of Depositary Shares and Underlying Mandatory Convertible Preferred Stock

Each depositary share that is offered in the public underwritten offering will represent a 1/20th interest in newly issued series A mandatory convertible preferred stock. Holders of the depositary shares will be entitled to a proportional fractional interest in the rights and preferences of the mandatory convertible preferred stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of a deposit agreement. The mandatory convertible preferred stock will accumulate dividends at a rate per annum equal to 7.0% on the liquidation preference thereof, which is $1,000 per share, payable in cash or, subject to certain limitations, by delivery of shares of common stock or through any combination of cash and shares of common stock, as determined by the Company’s board of directors (or an authorized committee thereof) in its sole discretion. Declared dividends on the series A mandatory convertible preferred stock will be payable quarterly on March 1, June 1, September 1 and December 1 of each year, commencing on, and including, September 1, 2026 and ending on, and including, June 1, 2029. Unless earlier converted, each share of series A mandatory convertible preferred stock will automatically convert on the second business day immediately following the last trading day of the final averaging period into between 30.3040 and 36.3640 shares of common stock (and, correspondingly, each depositary share will automatically convert into between 1.5152 and 1.8182 shares of common stock), subject to customary anti-dilution adjustments, determined based on the volume-weighted average price of the common stock over the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day prior to June 1, 2029. Other than during a fundamental change conversion period (as defined in the prospectus supplement relating to the offering), at any time prior to June 1, 2029, a holder of 20 depositary shares may cause the bank depositary to convert one share of series A mandatory convertible preferred stock, on such holder’s behalf, into a number of shares of common stock equal to the minimum conversion rate of 30.3040, subject to certain anti-dilution and other adjustments. Currently, there is no public market for the depositary shares or the mandatory convertible preferred stock. The Company has applied to list the depositary shares on the Nasdaq Global Select Market under the symbol “SMCIP.”

Underwriters

J.P. Morgan, Goldman Sachs & Co. LLC and Citigroup are acting as lead joint bookrunning managers for the offerings. Credit Agricole CIB, HSBC, MUFG, TD Securities, BNP Paribas, BMO Capital Markets, KeyBanc Capital Markets and Scotiabank are acting as joint bookrunners. Needham & Company is acting as lead manager. Loop Capital Markets, Northland Capital Markets, Rosenblatt and CJS Securities are acting as co-managers. ICR Capital LLC is acting as the Company’s financial advisor for the depositary shares offering.

Registration Statement and Prospectus

The Company has filed a registration statement on Form S-3 (including a prospectus) with the Securities and Exchange Commission for the offerings to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company, these offerings and the ATM program. Each concurrent offering and any sales of stock under the ATM program may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the registration statement, preliminary prospectus supplements and accompanying prospectuses related to the concurrent offerings and of the prospectus supplement related to the ATM program can be obtained by visiting the SEC’s website at http://www.sec.gov or by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at [email protected]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by email at [email protected]; or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor any securities issuable upon conversion of these securities, nor does it constitute an offer, solicitation or sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About Supermicro

Supermicro is a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services.

“Safe Harbor” Statement

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, statements relating to the common stock offering, depositary share offering and the ATM program, the timing and extent of the Company’s use of the ATM program, statements regarding the intended use of the net proceeds from the offerings and the ATM program, and statements regarding the $39 billion of AI orders that the Company has received, which do not constitute firm commitments and are all subject to cancellation, delays and remain subject to fulfillment of the applicable terms and conditions by both parties. Forward-looking statements may be identified by the use of the words “may,” “will,” “plans,” “expect,” “intend” and other similar expressions. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward-looking statements are based on management’s current expectations and beliefs about future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties include, but are not limited to, the risks related to whether the Company will consummate the offerings on the expected terms or at all, the intended use of the net proceeds from the offering, including with respect to orders for advanced AI servers, market and general conditions, and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the U.S. Securities and Exchange Commission (the “SEC”). The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260611831736/en/

Super Micro Computer SMCI shares have lost 32.4% in a year, underperforming the Zacks Computer- Storage Devices industry and the Zacks Computer and Technology sector's return of 546.7% and 42.8%, respectively.

Server maker Super Micro Computer (SMCI 5.16%) shared the kind of update on Tuesday evening that growth investors usually celebrate. The company said it has received approximately $39 billion in orders for its advanced artificial intelligence (AI) servers from more than 20 customers in recent weeks. That's more than its total revenue over the past four quarters combined.

But the news came with a catch. To buy the components needed to build those servers, Super Micro plans to raise $7 billion by selling a combination of common stock and convertible preferred shares. Investors focused on the bill rather than the orders, sending shares down about 28% on Wednesday. In total, shares are now down about 37% over the last five trading days alone.

It's quite the reversal. The stock jumped 68% in May, and it has now given back a big piece of that gain in a single trading session. And the size of the financing helps explain the reaction: $7 billion equals more than a third of the company's entire market value of about $20 billion as of this writing.

Here's a closer look at the financing, why the company's thin margins make it so controversial, and whether the sell-off makes the stock worth buying.

Image source: Getty Images.

Big orders come with big bills The financing now includes $5 billion of priced underwritten offerings: about $1.25 billion of common stock and about $3.75 billion of depositary shares (each representing a fraction of preferred stock that will automatically convert into common shares in 2029), before underwriters' options.

On top of that, Super Micro has entered into an at-the-market program that would let it sell up to $1.25 billion of additional stock over time, beginning as early as the third quarter. Notably, the company also cautioned that the $39 billion in orders don't constitute firm commitments and remain subject to cancellation and delays.

So why does a company with this much demand need to sell stock at all? Because building AI servers ties up enormous amounts of cash long before customers pay for the finished product. In its fiscal third quarter of 2026 (the period ended March 31), Super Micro used $6.6 billion of cash in operations and finished the period with just $1.3 billion of cash on hand. And after accounting for capital spending, the company's free cash flow for the quarter was negative by about $6.7 billion.

That cash intensity helps explain why management is turning to the equity market rather than waiting for profits to fund the build-out.

Thin margins raise the stakes The financing might be less controversial if Super Micro earned more on each dollar of sales. The company's gross margin was 9.9% in fiscal Q3, up from 6.3% in the prior quarter. But the figure has been volatile, sliding from 9.3% in the fiscal first quarter to 6.3% in the second before recovering.

At last quarter's level, about 90 cents of every dollar of revenue went to component and manufacturing costs. Apply that to the order book, and $39 billion in orders may translate into less than $4 billion in gross profit -- while requiring tens of billions of dollars in spending to fulfill.

That math may be a big part of what spooked investors this week.

Management, for its part, believes profitability will rise over time.

"We are committed to achieving a sustainable double-digit gross margin model," said founder and CEO Charles Liang during the company's fiscal third-quarter earnings call last month.

In the near term, however, the company expects the figure to move the other way, guiding for a fiscal fourth-quarter gross margin of 8.2% to 8.4%.

None of this means there isn't a real growth story here. Super Micro's fiscal Q3 revenue of $10.2 billion rose 123% year over year, and non-GAAP (adjusted) earnings per share more than doubled. Indeed, the order book may say more about the strength of AI infrastructure spending broadly than any single data point this year.

Today's Change

(

-5.16

%) $

-1.65

Current Price

$

30.32

So, what does all of this mean for the stock?

Even after Wednesday's plunge, shares trade at a price-to-earnings ratio of about 18. That may not sound demanding for a company growing this fast. But the multiple is attached to a business with gross margins below 10% and billions of dollars of negative free cash flow. And a wave of new shares is on the way.

I'd stay on the sidelines here. The orders say remarkable things about AI server demand. But until Super Micro shows it can turn that demand into consistent profits without leaning on shareholders to fund it, the stock looks too risky to me -- even at this lower price.

Today's Change

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8.95

%) $

2.62

Current Price

$

31.89

Super Micro Computer (SMCI +8.95%), a developer of server and storage solutions based on modular and open-standard architecture, closed at $31.97, up 9.22%. The stock rose as investors evaluated the company’s $7 billion equity and equity-linked financing plan for its large but cancellable AI server backlog, with ongoing attention to dilution risk and legal overhangs.

The company’s trading volume reached 243.4 million shares, which is about 409% above compared with its three-month average of 47.8 million shares. Super Micro Computer went public in 2007 and has grown 3550% since its IPO.

How the markets moved todayS&P 500 (^GSPC +1.75%) rose 1.75% to 7,394.30, while the Nasdaq Composite (^IXIC +2.54%) climbed 2.54% to 25,809.66 as growth and tech names advanced. Among computer hardware peers, Dell Technologies (DELL +5.91%) closed at $391.45 (+5.85%) and Hewlett Packard Enterprise (HPE +2.70%) ended at $46.80 (+2.88%), highlighting broad strength across server and infrastructure stocks.

What this means for investorsSuper Micro Computer shares recovered following sharp declines related to its planned $7 billion equity and equity-linked financing. The capital raise will fund component purchases for approximately $39 billion in recent AI server orders, providing investors with a clearer demand signal while highlighting dilution risk.

The large order book provides a strong demand signal for Super Micro, but the investment case now depends on execution, which includes securing components and converting orders into revenue at acceptable margins. Investors will be monitoring whether the capital raise accelerates fulfillment and translates the AI backlog into margin improvements that offset dilution.

Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Hewlett Packard Enterprise. The Motley Fool has a disclosure policy.

The company is selling more shares to fund its growth ambitions.

*Stock prices used were the afternoon prices of June 9, 2026. The video was published on June 11, 2026.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

In the financial markets, certain price levels have more importance than others.

As you can see on the chart, the $29.25 level is important for this stock. It has been both a support and a resistance level.

In January 2025, there was support for the shares. After finding the support, they rallied.

When this happened, some investors and traders who sold at the support level later regretted it. A number of them vowed to buy their shares back if they could eventually get them for the same price they were sold for.

When Super Micro Computer fell back to this price in April 2025, these regretful sellers placed buy orders. These orders created support at the level.

A rally followed, and a similar dynamic occurred. Some who sold at the level decided that selling was a mistake. They also decided to buy the shares back at their selling price if possible.

When they dropped back to $29.25 in January, these unhappy sellers placed buy orders, and these orders created support.

The support broke in March. When this happened, some people who bought shares at the support experienced buyer's remorse. They vowed to exit their positions at breakeven if they eventually could.

When Super Micro Computer rallied back to the level in April, they placed sell orders. These orders created resistance at the former support level.

When the resistance broke, people who sold at it experienced seller’s remorse. They decided to buy the shares back if they could get them for the selling price.

Now that the stock has fallen back to this important level, these unhappy sellers are placing buy orders, and this has created support.

Successful traders can identify important price levels. This gives them insight into where to buy and sell, and it leads to profits.

Image: Shutterstock

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Congress Asset Management Co. raised its position in Crane NXT, Co. (NYSE: CXT) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,216,829 shares of the company's stock after buying an additional 49,669 shares during the period. Congress Asset Management Co.

Posted by Defense World Staff on Apr 4th, 2026

SG Americas Securities LLC boosted its stake in shares of Crane NXT, Co. (NYSE:CXT – Free Report) by 432.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,990 shares of the company’s stock after purchasing an additional 49,533 shares during the period. SG Americas Securities LLC owned about 0.11% of Crane NXT worth $2,871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CXT. Smartleaf Asset Management LLC grew its holdings in shares of Crane NXT by 141.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Crane NXT during the third quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Crane NXT during the third quarter valued at $31,000. Aster Capital Management DIFC Ltd acquired a new stake in Crane NXT during the third quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC grew its stake in Crane NXT by 4,080.0% in the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance NYSE CXT opened at $40.15 on Friday. Crane NXT, Co. has a fifty-two week low of $39.23 and a fifty-two week high of $69.00. The stock’s 50-day moving average is $47.56 and its two-hundred day moving average is $54.13. The firm has a market cap of $2.31 billion, a P/E ratio of 15.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 1.20.

Crane NXT (NYSE:CXT – Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.02. Crane NXT had a return on equity of 19.84% and a net margin of 8.76%.The company had revenue of $476.90 million during the quarter, compared to the consensus estimate of $450.53 million. During the same quarter in the prior year, the company posted $1.20 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. On average, analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Saturday, February 28th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.8%. This is a boost from Crane NXT’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 27th. Crane NXT’s dividend payout ratio is 28.69%.

Analysts Set New Price Targets Several research analysts have weighed in on CXT shares. DA Davidson reaffirmed a “buy” rating and issued a $85.00 target price on shares of Crane NXT in a research report on Tuesday, February 17th. Robert W. Baird set a $73.00 price target on Crane NXT in a research note on Friday, February 13th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane NXT in a research report on Wednesday, January 21st. Finally, Northland Securities set a $62.00 target price on shares of Crane NXT in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.60.

Check Out Our Latest Stock Report on Crane NXT

About Crane NXT (Free Report)

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.

Read More Five stocks we like better than Crane NXT Want to see what other hedge funds are holding CXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane NXT, Co. (NYSE:CXT – Free Report).

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Crane NXT (CXT - Free Report) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +7.14%. A quarter ago, it was expected that this maker of engineered industrial products would post earnings of $1.25 per share when it actually produced earnings of $1.27, delivering a surprise of +1.6%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Crane NXT, which belongs to the Zacks Technology Services industry, posted revenues of $387.7 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.59%. This compares to year-ago revenues of $330.3 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Crane NXT shares have lost about 5.8% since the beginning of the year versus the S&P 500's gain of 6%.

What's Next for Crane NXT?While Crane NXT has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Crane NXT was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.06 on $418.78 million in revenues for the coming quarter and $4.29 on $1.73 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Duos Technologies Group, Inc. (DUOT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026.

This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +83.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Duos Technologies Group, Inc.'s revenues are expected to be $9.6 million, up 93.9% from the year-ago quarter.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Endeavor To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Endeavor between January 15, 2025 and March 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

, /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Endeavor Group Holdings, Inc. ("Endeavor" or the "Company") (NYSE: EDR) and reminds investors of the March 18, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

James (Josh) Wilson, Faruqi & Faruqi Senior Partner (PRNewsfoto/Faruqi & Faruqi, LLP) Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: in the January 15, 2025, Information Statement and subsequent amendment issued by Defendants, and related filings with the U.S. Securities and Exchange Commission. Among other things, the Complaint alleges the Information Statement and other solicitation materials misled investors regarding the true value of Endeavor's shares, failed to adequately disclose the earnings of Endeavor's executives under the terms of the Merger, and failed to disclose conflicts of interests with Endeavor's special committee and financial advisor.

On February 27, 2025, before the market opened, the Company issued a press release announcing financial results for the fourth quarter and year ended December 31, 2024. The press release disclosed that the Company's portfolio had significantly weakened during the 2024 fiscal year. Specifically, the press release revealed the number of portfolio companies on non-accrual status had more than doubled, and as a result, debt investments on non-accrual status at cost increased by 289% (from 3.7% to 14.4% of the portfolio). Moreover, the press release revealed that the Company's net asset value ("NAV") had fallen 22.44% year over year to $9.23 per share. Total losses, both realized and unrealized, were revealed to have ballooned to $194,895,042 for the fiscal year, a 186% increase year over year, in large part due to a newly added $72.3 million net unrealized loss within the fourth quarter. Despite this, the press release alleged the NAV of the Company was accurate at $9.23 per share, and that "the vast majority of [the Company's] portfolio continued to perform well," and the Company was "working closely with [its] borrowers and sponsors to resolve the portfolio issues."

On this news, the Company's stock price fell $0.90, or 9.64%, to close at $8.44 per share on February 27, 2025, on unusually heavy trading volume.

On January 23, 2026, after market hours, BlackRock TCP disclosed certain fourth quarter and full year 2025 financial results, including that the Company's NAV per share as of December 31, 2025 was in fact in the range of $7.05 to $7.09, 19% less than reported the prior quarter and 23.4% less than reported the prior year.

On this news, BlackRock TCP's stock price fell $0.76, or 12.97%, to close at $5.10 per share on January 26, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Endeavor's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Endeavor Group class action, go to www.faruqilaw.com/EDR or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Endeavor Group Holdings, Inc. (“Endeavor” or the “Company”) (NYSE: EDR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

The class action concerns whether Endeavor and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

You have until March 18, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you sold Endeavor Class A common stock during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.   

[Click here for information about joining the class action]  

A Complaint has been filed on behalf of a class consisting of all investors who sold Endeavor Class A common stock between January 15, 2025 and March 24, 2025, against Endeavor, certain of its officers and directors, and Silver Lake Group, L.L.C. (together, the “Defendants”).  The Complaint alleges that the Defendants orchestrated a unified scheme to depress minority bargaining power and the value realizable by the unaffiliated public shareholders, while insiders captured future upside through rollovers and separate benefits.  Defendants allegedly orchestrated this scheme by, among other things: (i) rejecting a “majority of the minority” vote on the merger and closing by controller written consent; (ii) locking-in a $27.50 cash-out merger consideration without any collar or contingent value right and offering only a de minimis dividend to shareholders that they shared with themselves; and (iii) disseminating a misleading Information Statement on January 15, 2025 that spoke in present tense about “fairness” and “best interests” to unaffiliated shareholders while relying on Centerview Partners, LLC’s fairness opinion with analysis frozen “as of” March 2024 and omitting material contemporaneous information needed to render those assertions not misleading.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980 

, /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds sellers of Endeavor Group Holdings, Inc. (NYSE: EDR) Class A common stock between January 15, 2025 and March 24, 2025, both dates inclusive (the "Class Period"), of the important March 18, 2026 lead plaintiff deadline.

So what: If you sold Endeavor Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 18, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: The lawsuit seeks to recover damages on behalf of investors that were damaged as a result of allegedly false and misleading statements and omissions of material facts in the January 15, 2025 Information Statement (filed with the U.S. Securities and Exchange Commission (the "SEC") pursuant to the securities laws) and subsequent amendment issued by defendants, and related filings with the SEC. Among other things, the complaint alleges the Information Statement and other solicitation materials misled investors regarding the true value of Endeavor's shares, failed to adequately disclose the earnings of Endeavor's executives under the terms of the Merger (a take-private merger), and failed to disclose conflicts of interests with Endeavor's special committee and financial advisor.

To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm, P.A.
     275 Madison Avenue, 40th Floor
     New York, NY 10016
     Tel: (212) 686-1060
     Toll Free: (866) 767-3653
     Fax: (212) 202-3827
     [email protected]
     www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Endeavor To Contact Him Directly To Discuss Their Options

If you sold Endeavor Class A common stock between January 15, 2025 and March 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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NEW YORK, March 18, 2026 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Endeavor Group Holdings, Inc. (“Endeavor” or the “Company”) (NYSE: EDR) and reminds investors of the March 18, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose in the January 15, 2025, Information Statement and subsequent amendment issued by Defendants, and related filings with the U.S. Securities and Exchange Commission. Among other things, the Complaint alleges the Information Statement and other solicitation materials misled investors regarding the true value of Endeavor’s shares, failed to adequately disclose the earnings of Endeavor’s executives under the terms of the Merger, and failed to disclose conflicts of interests with Endeavor’s special committee and financial advisor.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.  

Faruqi & Faruqi, LLP also encourages anyone with information regarding Endeavor’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Endeavor class action, go to www.faruqilaw.com/EDR or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Shares of Endeavour Silver Corporation (NYSE: EXK - Get Free Report) (TSE: EDR) have earned a consensus recommendation of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a buy rating and two have issued a strong buy