The financials
Itron, Inc. by the numbers
Itron, Inc. (ITRI) reported revenue of $587M in Q1 2026 (quarter ended March 31, 2026), down 3.3% from the same quarter a year earlier. That came with a gross margin of 40% and net income of $53M (9.1% of revenue). For the full year FY2025, revenue was $2.37B (−3.0% year on year) and net income $301M. Its largest segment in 2026-Q2 was Networked Solutions at $309M, 68% of the disclosed total, just ahead of Device Solutions at 24%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $587M | $607M | −3.3% |
| Gross profit | $236M | $217M | +8.8% |
| Operating income | $68M | $76M | −11% |
| Net income | $53M | $65M | −18% |
| Diluted EPS | $1.18 | $1.42 | −17% |
| Operating | Revenue | Share |
|---|---|---|
| Networked Solutions | $309M | 68% |
| Device Solutions | $111M | 24% |
| Outcomes | $33M | 7.3% |
| Resiliency Solutions | $438K | 0.1% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $453.5M (-5.1%)
Outcomes grew +28% year on yearNetworked Solutions -19% year on year
Segment Latestquarter on quarteryear on year
- Networked Solutions$309.2M$309.2MQoQ -3.7%year on year -19%-3.7%-19%
- Device Solutions$110.9M$110.9MQoQ -10%year on year -0.89%-10%-0.89%
- Outcomes$32.9M$32.9MQoQ +3.2%year on year +28%+3.2%+28%
- Resiliency Solutions$438.0K$438.0KQoQ -58%year on year --58%-
Scientific & Technical Instruments
Ranks #2 of 16 by Smart Score