ITRON, INC.ITRIEarnings & Financial Report
Itron, Inc. is an American technology company that offers products and services for energy and water resource management. It is headquartered in Liberty Lake, Washington, United States. The company's products measure and analyze electricity, gas and water consumption. Its products include electricity, gas, water and thermal energy measurement devices and control technology, communications systems, software, as well as managed and consulting services.
ITRI Q1 FY2026 Key Financial Metrics
Revenue
$587.0M
Gross Profit
$236.3M
Operating Profit
$67.6M
Net Profit
$53.6M
Gross Margin
40.3%
Operating Margin
11.5%
Net Margin
9.1%
YoY Growth
-3.3%
EPS
$1.18
ITRON, INC. Q1 FY2026 Financial Summary
ITRON, INC. reported revenue of $587.0M (down 3.3% YoY) for Q1 FY2026, with a net profit of $53.6M (down 18.0% YoY) (9.1% margin). Cost of goods sold was $350.7M, operating expenses totaled $168.7M.
Key Financial Metrics
| Total Revenue | $587.0M |
|---|---|
| Net Profit | $53.6M |
| Gross Margin | 40.3% |
| Operating Margin | 11.5% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
ITRON, INC. Q1 FY2026 revenue of $587.0M breaks down across 2 segments, led by Product revenues at $477.8M (81.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Product revenues | $477.8M | 81.4% |
| Service revenues | $109.2M | 18.6% |
ITRON, INC. Annual Revenue by Year
ITRON, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.4B).
ITRON, INC. Quarterly Revenue & Net Profit History
ITRON, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $587.0M | -3.3% | $53.6M | 9.1% |
| Q4 FY2025 | $571.7M | -6.7% | $101.6M | 17.8% |
| Q3 FY2025 | $581.6M | -5.5% | $65.6M | 11.3% |
| Q2 FY2025 | $606.8M | -0.4% | $68.3M | 11.3% |
| Q1 FY2025 | $607.2M | +0.6% | $65.5M | 10.8% |
| Q4 FY2024 | $612.9M | +6.2% | $58.1M | 9.5% |
| Q3 FY2024 | $615.5M | +9.8% | $78.0M | 12.7% |
| Q2 FY2024 | $609.1M | +12.6% | $51.3M | 8.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $609.1M | $615.5M | $612.9M | $607.2M | $606.8M | $581.6M | $571.7M | $587.0M |
| YoY Growth | 12.6% | 9.8% | 6.2% | 0.6% | -0.4% | -5.5% | -6.7% | -3.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.28B | $3.37B | $3.41B | $3.50B | $3.62B | $3.71B | $3.72B | $3.98B |
| Liabilities | $2.02B | $2.00B | $2.00B | $1.99B | $1.99B | $2.00B | $1.98B | $2.35B |
| Equity | $1.24B | $1.35B | $1.39B | $1.49B | $1.61B | $1.69B | $1.72B | $1.63B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $51.7M | $65.3M | $79.8M | $72.1M | $96.7M | $117.8M | $119.3M | $85.5M |