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Itron ITRI Product revenues — Total cost of revenues

Other product segments

Service revenues
$51.57M+12.7%

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$6.19M-15.9%

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 thousands, except per share dataThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Service revenues109,44089,577218,621173,587
Total revenues562,902606,7611,149,8841,213,912
Cost of revenues
Product cost of revenues280,692337,394580,901683,836
Service cost of revenues51,57045,749102,02489,239
Total cost of revenues332,262383,143682,925773,075
Gross profit230,640223,618466,959440,837
Operating expenses

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's product revenues — total cost of revenues?
Itron (ITRI) reported product revenues — total cost of revenues of $280.69M in Q2 2026.
How has Itron's product revenues — total cost of revenues changed year-over-year?
Itron's product revenues — total cost of revenues decreased by 16.8% year-over-year, from $337.39M to $280.69M.
What is the long-term trend for Itron's product revenues — total cost of revenues?
Over 4 years (2021 to 2025), Itron's product revenues — total cost of revenues has grown at a 1.2% compound annual growth rate (CAGR), from $1.23B to $1.29B.
What does product revenues — total cost of revenues mean?
This metric measures the total direct costs incurred to manufacture, procure, and deliver the physical products sold within a specific business segment. It includes expenses such as raw materials, direct labor, and manufacturing overhead directly attributable to the product line. Analyzing this cost base is essential for evaluating the segment's production efficiency and gross margin sustainability.

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