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Segments

By segment

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Networked Solutions$7.19M-3.9%
Outcomes$4.57M-1.5%
Device Solutions$3.03M-16.6%
Resiliency Solutions$2.73M+991%

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:SellingGeneralAndAdministrativeExpense.

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
Total cost of revenues332,262383,143682,925773,075
Gross profit230,640223,618466,959440,837
Operating expenses
Sales, general and administrative89,72287,615195,079174,526
Research and development56,14153,810111,140103,900
Amortization of intangible assets8,4784,54316,6509,022
Restructuring2331,237447684
Loss on sale of business79

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's SG&A?
Itron (ITRI) reported SG&A of $89.72M in Q2 2026.
How has Itron's SG&A changed year-over-year?
Itron's SG&A increased by 2.4% year-over-year, from $87.62M to $89.72M.
What is the long-term trend for Itron's SG&A?
Over 4 years (2021 to 2025), Itron's SG&A has grown at a 4.1% compound annual growth rate (CAGR), from $300.52M to $352.97M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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