Itron (ITRI) reported R&D of $55M in Q1 2026.

How has Itron's R&D changed year-over-year?

Itron's R&D increased by 9.8% year-over-year, from $50.09M to $55M.

What is the long-term trend for Itron's R&D?

Over 4 years (2021 to 2025), Itron's R&D has grown at a 1.2% compound annual growth rate (CAGR), from $197.24M to $207.04M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Itron ITRI R&D

R&D at other companies

Honeywell InternationalHON

$492M+18.3%

Advanced Energy IndustriesAEIS

$62.4M+15.1%

XylemXYL

$56M0.0%

FortiveFTV

$66.5M+3.9%

Silicon LaboratoriesSLAB

$88.59M+0.4%

BeldenBDC

$30.09M+5.9%

Segments

By segment

See full

Networked Solutions$25.66M-1.0%

Outcomes$12.41M+0.5%

Resiliency Solutions$4.37M+1,125%

Device Solutions$4.15M+5.0%

Other financials

Income statement

See full

Revenue$587.0M-3.3%

Gross profit$236.3M+8.8%

Operating income$67.6M-11.3%

Net income$53.5M-18.4%

EPS (diluted)$1.18-16.9%

Balance sheet

See full

Cash & equivalents$712.9M-36.5%

Total debt$1.6B+26.5%

Total equity$1.6B+8.0%

Total assets$4.0B+13.6%

Cash flow

See full

Operating cash flow$85.5M+18.6%

CapEx$6.5M+40.7%

Free cash flow$79.0M+17.0%

Valuation

See full

Market cap$3.58B-16.8%

Enterprise value$4.47B-1.1%

P/E12.4×-4.6×

P/S1.5×-0.2×

Profitability

See full

Gross margin38.8%+4.0pp

Operating margin13%+1.6pp

Net margin12.3%+2.0pp

FCF margin16.8%+7.0pp

Returns & leverage

See full

Return on equity18.7%+0.9pp

Debt / equity1×+0.1×

Current ratio2.7×+0.7×

Where this comes from

Reported directly by Itron in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Itron’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

Ask your AI about Itron's r&d.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Itron's R&D?: Itron (ITRI) reported R&D of $55M in Q1 2026.
How has Itron's R&D changed year-over-year?: Itron's R&D increased by 9.8% year-over-year, from $50.09M to $55M.
What is the long-term trend for Itron's R&D?: Over 4 years (2021 to 2025), Itron's R&D has grown at a 1.2% compound annual growth rate (CAGR), from $197.24M to $207.04M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.