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Itron ITRI Networked Solutions — Goodwill

Other segment segments

Resiliency Solutions
$611.38M
Outcomes
$160.92M-0.7%
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:Goodwill.

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 — goodwill?
Itron (ITRI) reported networked solutions — goodwill of $918.49M in Q2 2026.
How has Itron's networked solutions — goodwill changed year-over-year?
Itron's networked solutions — goodwill decreased by 0.8% year-over-year, from $926.3M to $918.49M.
What is the long-term trend for Itron's networked solutions — goodwill?
Over 4 years (2021 to 2025), Itron's networked solutions — goodwill has grown at a -0.0% compound annual growth rate (CAGR), from $3.69B to $3.68B.
What does networked solutions — goodwill mean?
Represents the total carrying value of goodwill allocated to the Networked Solutions business segment. This asset reflects the premium paid over the fair value of net identifiable assets during acquisitions, indicating the segment's long-term strategic value and market positioning.

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