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Itron ITRI Operating Income

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Other financials

Income statement

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Revenue$562.9M-7.2%
Gross profit$230.6M+3.1%
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:OperatingIncomeLoss.

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
Restructuring2331,237447684
Loss on sale of business79
Total operating expenses154,574147,205323,316288,211
Operating income76,06676,413143,643152,626
Other income (expense)
Interest income6,25312,30311,91324,013
Interest expense(5,768)(5,648)(11,577)(11,241)
Other income (expense), net3,6554143,422363

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's operating income?
Itron (ITRI) reported operating income of $76.07M in Q2 2026.
How has Itron's operating income changed year-over-year?
Itron's operating income decreased by 0.5% year-over-year, from $76.41M to $76.07M.
What is the long-term trend for Itron's operating income?
Over 3 years (2021 to 2025), Itron's operating income has grown at a 58.0% compound annual growth rate (CAGR), from -$79.3M to $313.07M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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