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Itron ITRI Device Solutions — Sales, general and administrative

Other segment segments

Networked Solutions
$7.19M-3.9%
Outcomes
$4.57M-1.5%
Resiliency Solutions
$2.73M+991%

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$23.27M+26.0%

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:SellingGeneralAndAdministrativeExpense.

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
Service revenues50530,03763,51615,382109,440
Total revenues111,445339,23896,39915,820562,902
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)

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's device solutions — sales, general and administrative?
Itron (ITRI) reported device solutions — sales, general and administrative of $3.03M in Q2 2026.
How has Itron's device solutions — sales, general and administrative changed year-over-year?
Itron's device solutions — sales, general and administrative decreased by 16.6% year-over-year, from $3.63M to $3.03M.
What is the long-term trend for Itron's device solutions — sales, general and administrative?
Over 3 years (2022 to 2025), Itron's device solutions — sales, general and administrative has grown at a 1.9% compound annual growth rate (CAGR), from $12.54M to $13.28M.
What does device solutions — sales, general and administrative mean?
Represents the indirect operating expenses incurred to support the Device Solutions segment, including overhead, marketing, and administrative functions. It provides insight into the segment's operational leverage and cost control discipline.

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