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Itron ITRI Device Solutions — R&D

Other segment segments

Networked Solutions
$25.66M-1.0%
Outcomes
$12.41M+0.5%
Resiliency Solutions
$4.37M+1,125%

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$192M+41.2%
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UCTTServices — R&D
$2.4M0.0%

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:ResearchAndDevelopmentExpense.

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 — R&D?
Itron (ITRI) reported device solutions — R&D of $4.15M in Q1 2026.
How has Itron's device solutions — R&D changed year-over-year?
Itron's device solutions — R&D increased by 5.0% year-over-year, from $3.95M to $4.15M.
What is the long-term trend for Itron's device solutions — R&D?
Over 3 years (2022 to 2025), Itron's device solutions — R&D has grown at a -8.3% compound annual growth rate (CAGR), from $22.53M to $17.4M.
What does device solutions — R&D mean?
Captures the investment made by the Device Solutions segment into the innovation and improvement of its measurement and control hardware. High levels of investment indicate a focus on maintaining product competitiveness and long-term technological relevance.