Itron (ITRI) Operating Expenses (2009 - 2026)
Itron's (ITRI) quarterly Operating Expenses came in at $154.6 million in Q2 2026, up 5.01% YoY from $147.2 million in Q2 2025, and down 8.4% on a QoQ basis from $168.7 million in Q1 2026.
Itron (ITRI) Operating Expenses (2009 - 2026) Analysis & Trends
Itron (ITRI) has 18 years of Operating Expenses data on file, last reported at $154.6 million in Q2 2026.
- Quarterly Operating Expenses rose 5.01% year-over-year to $154.6 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $614.2 million (up 6.8% YoY) and the FY2025 annual result came in at $579.0 million, up 0.67% from the prior year.
- Operating Expenses declined to $154.6 million in Q2 2026, from $168.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $168.7 million in Q1 2026 to a low of $113.2 million in Q3 2022.
- A 5-year average of $144.0 million and a median of $144.2 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 43.86% — and 2023, when it gained 29.87%.
- Tracing ITRI's Operating Expenses over 5 years: stood at $128.4 million in 2022, then rose by 14.56% to $147.1 million in 2023, then advanced by 2.74% to $151.2 million in 2024, then climbed by 1.27% to $153.1 million in 2025, then advanced by 0.98% to $154.6 million in 2026.
- The last three Operating Expenses figures came in at $154.6 million (Q2 2026), $168.7 million (Q1 2026), and $153.1 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.88 Bn | 54.22 Bn | 1.26 Bn | 646.51 Mn |
| 2 | Keysight Technologies | 53.99 Bn | 51.58 Bn | 1.18 Bn | 1.31 Bn |
| 3 | Coherent | 51.19 Bn | 49.20 Bn | 787.08 Mn | 1.77 Bn |
| 4 | Teledyne Technologies | 29.25 Bn | 28.91 Bn | 738.10 Mn | 1.33 Bn |
| 5 | Mks | 18.94 Bn | 18.33 Bn | 595.00 Mn | 282.00 Mn |
| 6 | Fortive | 18.20 Bn | 17.83 Bn | 695.30 Mn | 485.40 Mn |
| 7 | Trimble | 14.02 Bn | 13.81 Bn | 674.90 Mn | 542.90 Mn |
| 8 | Cognex | 10.08 Bn | 9.67 Bn | 205.77 Mn | 120.26 Mn |
| 9 | Esco Technologies | 7.46 Bn | 7.39 Bn | 141.52 Mn | 298.07 Mn |
| 10 | Itron | 4.39 Bn | 3.64 Bn | 230.64 Mn | 154.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 154.57 Mn |
| Mar 31, 2026 | 168.74 Mn |
| Dec 31, 2025 | 153.08 Mn |
| Sep 30, 2025 | 137.76 Mn |
| Jun 30, 2025 | 147.21 Mn |
| Mar 31, 2025 | 141.01 Mn |
| Dec 31, 2024 | 151.15 Mn |
| Sep 30, 2024 | 135.67 Mn |
| Jun 30, 2024 | 145.81 Mn |
| Mar 31, 2024 | 142.58 Mn |
| Dec 31, 2023 | 147.12 Mn |
| Sep 30, 2023 | 132.31 Mn |
| Jun 30, 2023 | 138.85 Mn |
| Mar 31, 2023 | 166.76 Mn |
| Dec 31, 2022 | 128.42 Mn |
| Sep 30, 2022 | 113.17 Mn |
| Jun 30, 2022 | 159.63 Mn |
| Mar 31, 2022 | 128.41 Mn |
| Dec 31, 2021 | 228.76 Mn |
| Sep 30, 2021 | 130.80 Mn |