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Itron ITRI Networked Solutions — Effect of change in exchange rates

Other segment segments

Outcomes
-$483K-114%
Resiliency Solutions
-$39K
Device Solutions
$0

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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:GoodwillForeignCurrencyTranslationGainLoss.

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 Company
Goodwill balance at January 1, 2026$927,720$162,326$254,937$1,344,983
Goodwill acquired (1)356,515356,515
Effect of change in exchange rates(9,231)(1,408)(68)(10,707)
Goodwill balance at June 30, 2026$918,489$160,918$611,384$1,690,791

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's networked solutions — effect of change in exchange rates?
Itron (ITRI) reported networked solutions — effect of change in exchange rates of -$3.17M in Q2 2026.
How has Itron's networked solutions — effect of change in exchange rates changed year-over-year?
Itron's networked solutions — effect of change in exchange rates decreased by 114.2% year-over-year, from $22.34M to -$3.17M.
What is the long-term trend for Itron's networked solutions — effect of change in exchange rates?
Over 2 years (2023 to 2025), Itron's networked solutions — effect of change in exchange rates has grown at a 67.1% compound annual growth rate (CAGR), from $11.96M to $33.41M.
What does networked solutions — effect of change in exchange rates mean?
Quantifies the impact of foreign currency fluctuations on the financial results of the Networked Solutions segment. This metric helps investors isolate operational performance from volatility caused by global currency market movements.

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