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Itron ITRI Device Solutions — Total cost of revenues

Other segment segments

Networked Solutions
$194.08M-22.9%
Outcomes
$59.02M+12.9%
Resiliency Solutions
$3.9M

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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:CostOfGoodsAndServicesSold.

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
Product revenues$110,940$309,201$32,883$438$453,462
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

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's device solutions — total cost of revenues?
Itron (ITRI) reported device solutions — total cost of revenues of $72.69M in Q2 2026.
How has Itron's device solutions — total cost of revenues changed year-over-year?
Itron's device solutions — total cost of revenues decreased by 8.2% year-over-year, from $79.17M to $72.69M.
What is the long-term trend for Itron's device solutions — total cost of revenues?
Over 3 years (2022 to 2025), Itron's device solutions — total cost of revenues has grown at a -6.5% compound annual growth rate (CAGR), from $376.93M to $307.68M.
What does device solutions — total cost of revenues mean?
Includes all direct costs associated with manufacturing and delivering the hardware products within the Device Solutions segment. Monitoring this metric is essential for evaluating the direct production efficiency and supply chain management of the segment.

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