Itron (ITRI) Cost of Revenue (2009 - 2026)
Itron's (ITRI) quarterly Cost of Revenue came in at $332.3 million in Q2 2026, down 13.28% YoY from $383.1 million in Q2 2025, and down 5.25% on a QoQ basis from $350.7 million in Q1 2026.
Itron (ITRI) Cost of Revenue (2009 - 2026) Analysis & Trends
Itron (ITRI) has 18 years of Cost of Revenue data on file, last reported at $332.3 million in Q2 2026.
- Quarterly Cost of Revenue fell 13.28% year-over-year to $332.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.3 billion (down 20.03% YoY) and the FY2025 annual result came in at $1.5 billion, down 7.9% from the prior year.
- Cost of Revenue retreated to $332.3 million in Q2 2026, from $350.7 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $405.9 million in Q3 2024 to a low of $238.9 million in Q3 2025.
- A 5-year average of $353.9 million and a median of $358.9 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2023 — Cost of Revenue climbed 24.19% — and 2025, when it sank 41.13%.
- Tracing ITRI's Cost of Revenue over 5 years: stood at $326.7 million in 2022, then rose by 16.56% to $380.8 million in 2023, then climbed by 4.78% to $399.0 million in 2024, then declined by 14.8% to $339.9 million in 2025, then dropped by 2.25% to $332.3 million in 2026.
- The last three Cost of Revenue figures came in at $332.3 million (Q2 2026), $350.7 million (Q1 2026), and $339.9 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 760.07 Mn |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 539.00 Mn |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | 1.26 Bn |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 924.40 Mn |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 653.00 Mn |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 401.50 Mn |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 297.10 Mn |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 85.49 Mn |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 197.51 Mn |
| 10 | Itron | 4.41 Bn | 3.67 Bn | 230.64 Mn | 332.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 332.26 Mn |
| Jun 30, 2026 | 332.26 Mn |
| Mar 31, 2026 | 350.66 Mn |
| Mar 31, 2026 | 350.66 Mn |
| Dec 31, 2025 | 339.92 Mn |
| Dec 31, 2025 | 339.92 Mn |
| Sep 30, 2025 | 238.94 Mn |
| Sep 30, 2025 | 238.94 Mn |
| Jun 30, 2025 | 383.14 Mn |
| Jun 30, 2025 | 383.14 Mn |
| Mar 31, 2025 | 389.93 Mn |
| Mar 31, 2025 | 389.93 Mn |
| Dec 31, 2024 | 398.98 Mn |
| Dec 31, 2024 | 398.98 Mn |
| Sep 30, 2024 | 405.86 Mn |
| Sep 30, 2024 | 405.86 Mn |
| Jun 30, 2024 | 398.61 Mn |
| Jun 30, 2024 | 398.61 Mn |
| Mar 31, 2024 | 398.06 Mn |
| Mar 31, 2024 | 398.06 Mn |