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Itron ITRI Service revenues — Revenue

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenues
Product revenues$453,462$517,184$931,263$1,040,325
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

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's service revenues — revenue?
Itron (ITRI) reported service revenues — revenue of $109.44M in Q2 2026.
How has Itron's service revenues — revenue changed year-over-year?
Itron's service revenues — revenue increased by 22.2% year-over-year, from $89.58M to $109.44M.
What is the long-term trend for Itron's service revenues — revenue?
Over 4 years (2021 to 2025), Itron's service revenues — revenue has grown at a 4.2% compound annual growth rate (CAGR), from $303.38M to $358.22M.
What does service revenues — revenue mean?
This metric represents the total revenue generated from service-based offerings within a specific business segment. It captures income derived from recurring service contracts, maintenance, support, or managed solutions rather than one-time hardware sales. Tracking this provides insight into the company's ability to generate predictable, long-term revenue streams from its installed base.

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