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Itron ITRI Device Solutions — Corporate unallocated expenses

Other segment segments

Networked Solutions
$112.06M
Outcomes
$20.54M
Resiliency Solutions
$4.38M

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Other financials

Income statement

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Revenue$562.9M-7.2%
Gross profit$230.6M+3.1%
Operating income$76.1M-0.5%
Net income$53.3M-22.0%
EPS (diluted)$1.19-19.0%

Balance sheet

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Cash & equivalents$745.2M-39.1%
Total debt$1.6B+25.8%
Total equity$1.6B+0.2%
Total assets$4.0B+10.2%

Cash flow

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Operating cash flow$88.1M-8.9%
CapEx$6.6M+9.8%
Free cash flow$81.5M-10.1%

Valuation

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Market cap$4.5B-21.4%
Enterprise value$5.36B-7.2%
P/E16.4×-4.8×
P/S-0.4×

Profitability

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Gross margin39.9%+4.5pp
Operating margin13.2%+1.4pp
Net margin11.9%+0.8pp
FCF margin16.7%+5.0pp

Returns & leverage

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Return on equity17%-2.0pp
Debt / equity+0.2×
Current ratio2.7×+0.7×

Where this comes from

Reported directly by Itron in its filing.

Tagged under the XBRL concept us-gaap:SegmentReportingOtherItemAmount.

The source filing: Itron’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 1:43 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000780571-26-000178
In thousandsDevice SolutionsNetworked SolutionsOutcomesResiliency SolutionsTotal
Adjusted cost of revenues (1)72,686194,08459,0193,903
Adjusted sales, general and administrative3,0267,1854,5672,728
Adjusted research and development4,21225,90812,2714,813
Adjusted segment operating income31,521112,06120,5424,376168,500
Reconciliation of adjusted segment operating income
Amortization of core-developed technology intangible assets(2,570)
Corporate unallocated expenses(89,864)
Total other income (expense)4,140

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's device solutions — corporate unallocated expenses?
Itron (ITRI) reported device solutions — corporate unallocated expenses of $31.52M in Q2 2026.
What does device solutions — corporate unallocated expenses mean?
Represents central administrative or overhead costs that are not directly attributable to the specific operations of the Device Solutions segment. These expenses are typically managed at the corporate level and allocated to segments for reporting purposes to reflect the full cost of business operations. Monitoring these costs helps investors understand the true profitability of the segment independent of corporate-level overhead.

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