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Itron ITRI Outcomes — Effect of change in exchange rates

Other segment segments

Networked Solutions
-$3.17M-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 outcomes — effect of change in exchange rates?
Itron (ITRI) reported outcomes — effect of change in exchange rates of -$483K in Q2 2026.
How has Itron's outcomes — effect of change in exchange rates changed year-over-year?
Itron's outcomes — effect of change in exchange rates decreased by 114.2% year-over-year, from $3.41M to -$483K.
What is the long-term trend for Itron's outcomes — effect of change in exchange rates?
Over 2 years (2023 to 2025), Itron's outcomes — effect of change in exchange rates has grown at a 67.1% compound annual growth rate (CAGR), from $1.82M to $5.09M.
What does outcomes — effect of change in exchange rates mean?
Quantifies the impact of foreign currency fluctuations on the reported financial values of the Outcomes segment. It reflects the volatility inherent in international operations and the sensitivity of segment performance to global macroeconomic shifts.

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