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Itron ITRI Networked Solutions — R&D

Other segment segments

Outcomes
$12.27M-1.5%
Resiliency Solutions
$4.81M+1,250%
Device Solutions
$4.21M-6.6%

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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:ResearchAndDevelopmentExpense.

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
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)
Corporate unallocated expenses(89,864)

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's networked solutions — R&D?
Itron (ITRI) reported networked solutions — R&D of $25.91M in Q2 2026.
How has Itron's networked solutions — R&D changed year-over-year?
Itron's networked solutions — R&D decreased by 9.9% year-over-year, from $28.77M to $25.91M.
What is the long-term trend for Itron's networked solutions — R&D?
Over 3 years (2022 to 2025), Itron's networked solutions — R&D has grown at a 5.6% compound annual growth rate (CAGR), from $91.88M to $108.25M.
What does networked solutions — R&D mean?
Represents investments in innovation, product design, and software development specifically for the Networked Solutions segment. High levels of expenditure indicate a commitment to maintaining technological leadership and competitive advantage in the smart infrastructure market.

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