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.
Revenue
$609.1M
Gross Profit
$210.5M
Operating Profit
$64.6M
Net Profit
$51.3M
Gross Margin
34.6%
Operating Margin
10.6%
Net Margin
8.4%
YoY Growth
12.6%
EPS
$1.10
ITRON, INC. Q2 FY2024 Financial Summary
ITRON, INC. reported revenue of $609.1M (up 12.6% YoY) for Q2 FY2024, with a net profit of $51.3M (up 112.0% YoY) (8.4% margin). Cost of goods sold was $398.6M, operating expenses totaled $145.8M.
Key Financial Metrics
| Total Revenue | $609.1M |
|---|---|
| Net Profit | $51.3M |
| Gross Margin | 34.6% |
| Operating Margin | 10.6% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
ITRON, INC. Q2 FY2024 revenue of $609.1M breaks down across 3 segments, led by Networked Solutions Segment at $412.7M (67.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Networked Solutions Segment | $412.7M | 67.8% |
| Device Solutions | $118.5M | 19.5% |
| Outcomes Segment | $77.8M | 12.8% |
ITRON, INC. Revenue by Segment — Quarterly Trend
ITRON, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Networked Solutions Segment and Device Solutions) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Networked Solutions Segment | — | $352.0M | $393.7M | $408.9M |
| Device Solutions | — | $104.8M | $103.6M | $112.8M |
| Outcomes Segment | — | $111.8M | — | — |
ITRON, INC. Annual Revenue by Year
ITRON, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.4B |
| 2024 | $2.4B |
| 2023 | $2.2B |
| 2022 | $1.8B |
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 |