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Itron ITRI Outcomes — Total cost of revenues

Other segment segments

Networked Solutions
$194.08M-22.9%
Device Solutions
$72.69M-8.2%
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 outcomes — total cost of revenues?
Itron (ITRI) reported outcomes — total cost of revenues of $59.02M in Q2 2026.
How has Itron's outcomes — total cost of revenues changed year-over-year?
Itron's outcomes — total cost of revenues increased by 12.9% year-over-year, from $52.28M to $59.02M.
What is the long-term trend for Itron's outcomes — total cost of revenues?
Over 3 years (2022 to 2025), Itron's outcomes — total cost of revenues has grown at a 15.9% compound annual growth rate (CAGR), from $139.15M to $216.84M.
What does outcomes — total cost of revenues mean?
Includes all direct costs associated with delivering the software and analytical services within the Outcomes segment, such as cloud infrastructure, support personnel, and implementation services. Monitoring this helps evaluate the scalability and direct profitability of the segment's service model.

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