Current portion of accrued product warranty
ITT Current portion of accrued product warranty increased by 27.7% to $30.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 67.6%, from $17.90M to $30.00M. Over 5 years (FY 2020 to FY 2025), Current portion of accrued product warranty shows relatively stable performance with a 0.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may signal concerns regarding product quality or a larger installed base, while a decrease suggests improved product reliability or lower expected claims.
Detailed definition
This represents the estimated cost of fulfilling warranty obligations for products sold that are expected to be settled...
Peer comparison
Common in heavy machinery and automotive sectors; highly dependent on product reliability and warranty terms.
current_liabilities_product_warranty_accrual_classified_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $23.60M | $20.60M | $17.70M | $17.00M | $15.50M | $14.20M | $14.30M | $13.50M | $14.20M | $13.80M | $14.00M | $15.30M | $15.70M | $16.80M | $16.70M | $17.90M | $18.60M | $22.20M | $23.50M | $30.00M |
| QoQ Change | — | -12.7% | -14.1% | -4.0% | -8.8% | -8.4% | +0.7% | -5.6% | +5.2% | -2.8% | +1.4% | +9.3% | +2.6% | +7.0% | -0.6% | +7.2% | +3.9% | +19.4% | +5.9% | +27.7% |
| YoY Change | — | — | — | — | -34.3% | -31.1% | -19.2% | -20.6% | -8.4% | -2.8% | -2.1% | +13.3% | +10.6% | +21.7% | +19.3% | +17.0% | +18.5% | +32.1% | +40.7% | +67.6% |
Current portion of accrued product warranty at Other Companies
Frequently Asked Questions
- What is ITT's current portion of accrued product warranty?
- ITT (ITT) reported current portion of accrued product warranty of $30.00M in Q1 2026.
- How has ITT's current portion of accrued product warranty changed year-over-year?
- ITT's current portion of accrued product warranty increased by 67.6% year-over-year, from $17.90M to $30.00M.
- What is the long-term trend for ITT's current portion of accrued product warranty?
- Over 5 years (2020 to 2025), ITT's current portion of accrued product warranty has grown at a 0.3% compound annual growth rate (CAGR), from $23.10M to $23.50M.
- What does current portion of accrued product warranty mean?
- The estimated cost of warranty claims the company expects to pay out within the next year.