What is Itron's device solutions — goodwill acquired?

Itron (ITRI) reported device solutions — goodwill acquired of $0 in Q1 2026.

What does device solutions — goodwill acquired mean?

Reflects the value of goodwill added to the Device Solutions segment balance sheet through business combinations during the reporting period. It indicates the company's commitment to inorganic growth and expansion within its hardware-focused measurement and control product lines.

Itron ITRI Device Solutions — Goodwill acquired

Other segment segments

Resiliency Solutions

$357.04M+460%

Networked Solutions

$0—

Outcomes

$0—

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AITEngineered Solutions — Goodwill

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Other financials

Income statement

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Revenue$587.0M-3.3%

Gross profit$236.3M+8.8%

Operating income$67.6M-11.3%

Net income$53.5M-18.4%

EPS (diluted)$1.18-16.9%

Balance sheet

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Cash & equivalents$712.9M-36.5%

Total debt$1.6B+26.5%

Total equity$1.6B+8.0%

Total assets$4.0B+13.6%

Cash flow

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Operating cash flow$85.5M+18.6%

CapEx$6.5M+40.7%

Free cash flow$79.0M+17.0%

Valuation

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Market cap$3.6B-16.8%

Profitability

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Gross margin38.8%+4.0pp

Operating margin13%+1.6pp

Net margin12.3%+2.0pp

FCF margin16.8%+7.0pp

Returns & leverage

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Return on equity18.7%+0.9pp

Debt / equity1×+0.1×

Current ratio2.7×+0.7×

Where this comes from

Reported directly by Itron in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The official record: Itron’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Itron's device solutions — goodwill acquired?: Itron (ITRI) reported device solutions — goodwill acquired of $0 in Q1 2026.
What does device solutions — goodwill acquired mean?: Reflects the value of goodwill added to the Device Solutions segment balance sheet through business combinations during the reporting period. It indicates the company's commitment to inorganic growth and expansion within its hardware-focused measurement and control product lines.