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Itron ITRI Device Solutions — Revenue

Other segment segments

Networked Solutions
$350.66M-12.9%
Outcomes
$95.91M+22.1%
Resiliency Solutions
$16.03M+2,003%

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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$3.58B-16.8%
Enterprise value$4.47B-1.1%
P/E12.4×-4.6×
P/S1.5×-0.2×

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 / equity+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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — revenue?
Itron (ITRI) reported device solutions — revenue of $124.38M in Q1 2026.
How has Itron's device solutions — revenue changed year-over-year?
Itron's device solutions — revenue decreased by 1.2% year-over-year, from $125.87M to $124.38M.
What is the long-term trend for Itron's device solutions — revenue?
Over 4 years (2021 to 2025), Itron's device solutions — revenue has grown at a -8.8% compound annual growth rate (CAGR), from $645.1M to $447.08M.
What does device solutions — revenue mean?
The total gross income generated by the Device Solutions segment from the sale of hardware products used for measurement, control, or sensing. This is a primary indicator of market demand for the segment's non-networked hardware offerings.