What move does the options market price into Itron's report?

Implied ±14.6%, either direction · provisional.

How often does Itron move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

ITRINasdaqInstruments For Meas & Testing of Electricity & Elec Signals

Itron, Inc. (ITRI) earnings date, market-implied expected move, and options open interest by expiry

95.87

Closed15:59 ET

Open94.30Volume713,437Mkt cap$4.2BP/E15.24EPS6.29

Day94.30 – 96.0490%52-wk77.77 – 112.0053%

ITRI

Itron, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±14.6%implied · straddle

81.79109.85

spot 95.82exp Feb 19ATM strike 95ATM straddle 16.50IV 39%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Feb 16

before open · in 108 days

est.Q4 FY26

Calendar

Next report

Last report

+7.77%

vs ±10.1% implied · ×0.77

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmed

Implied vs realized

Linked news

26dSWKS · supplierSkyworks Announces Expiration and Final Results of Exchange Offers for Qorvo’s Senior Notes due 2029 and 2031

News

Largest filed tie

13F top-10 QoQ

+1.03%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

412 managers

Top fund weight

0.12%

ITRI weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Itron (ITRI) is expected to report on Feb 16 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±11.4%
avg realized: ±10.8%

Feb 25 '25Feb 25 '25confirmed±11.8%▲+9.95%×0.85

May 1 '25May 1 '25confirmed±8.5%▼−2.91%×0.34

Jul 31 '25Jul 31 '25confirmed±8.1%▼−10.03%×1.24

Oct 30 '25Oct 30 '25confirmed±10.6%▼−21.12%×2.00

Feb 17 '26Feb 17 '26confirmed±16.1%▲+7.91%×0.49

Q1 FY26Apr 28 '26confirmed±15.4%▲+0.09%×0.01

Q2 FY26Jul 28 '26confirmed±10.8%▲+26.23%×2.43

Q3 FY26Oct 27 '26confirmed±10.1%▲+7.77%×0.77

quarterimplied−30%0+30%realized×

Q3 FY26±10.1%▲+7.77%×0.77

Q2 FY26±10.8%▲+26.23%×2.43

Q1 FY26±15.4%▲+0.09%×0.01

Feb '26±16.1%▲+7.91%×0.49

Oct '25±10.6%▼−21.12%×2.00

Jul '25±8.1%▼−10.03%×1.24

2 older reports

May '25±8.5%▼−2.91%×0.34

Feb '25±11.8%▲+9.95%×0.85

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 27 close

5.17OI · 3 expiries · Oct 27 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

390+2%Nov 2020d0.123,258+8%0.12

596−1%Dec 1848d0.232,5370%0.23

report · Feb 16 · before open · est.

2,8720%Feb 19111d5560%

ExpiryPutsCallsP/C

Nov 2020d390+2%3,258+8%0.12

Dec 1848d596−1%2,5370%0.23

report · Feb 16 · before open · est.

Feb 19111d2,8720%5560%5.17

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±14.6%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Suppliers 1

SWKS±4.7%×0.32

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

11.89%as filednet margin · revenue +6.47% QoQ · +3.04% YoY

Revenue

$599M+6.47% QoQ

Gross profit

$245M+6.17% QoQ

40.86% margin

Operating income

$95M+25.53% QoQ

15.93% margin

Pre-tax income

$97M+20.96% QoQ

Net income

$71M+33.28% QoQ

11.89% margin

Cost of revenue

$354M+6.68% QoQ

Operating expenses

$149M−3.36% QoQ

SG&A $84M

R&D $57M

Other operating $8M

Tax

$26M−3.68% QoQ

Other income

$2M−62.97% QoQ

Revenue$599M+6.47%

Gross profit

$245M+6.17%

40.86% margin

Operating income

$95M+25.53%

15.93% margin

Pre-tax income

$97M+20.96%

Net income

$71M+33.28%

11.89% margin

Cost of revenue

$354M+6.68%

Operating expenses

$149M−3.36%

SG&A $84M

R&D $57M

Other operating $8M

Other income$2M−62.97%

Tax$26M−3.68%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:45 ET

Intraday

Event sensitivity

FOMC ×1.09· ±1.7% vs ±1.6% · 25 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.7%13 of 25×1.09

CPIconsumer prices±1.6%2 of 11×1.03

PCEpersonal income & outlays±1.6%10 of 20×1.02

NFPjobs report±1.2%8 of 10×0.77

GDPgross domestic product±1.1%12 of 20×0.70

PPIproducer prices±1.1%6 of 11×0.67

CPROFcorporate profits±1.0%7 of 12×0.65

Bar = avg |move| to ±2% · tick = ±1.6% avg day · ×base = |move| ÷ ±1.6% · min 6 releases

Earnings history

EPS 1.61 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 27 '26 · confirmed	1.61	—
Q2 FY26	Jul 28 '26 · confirmed	1.19	—
Q1 FY26	Apr 28 '26 · confirmed	1.18	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod