Itron (ITRI) Research & Development (2009 - 2026)
Itron's (ITRI) quarterly Research & Development came in at $56.1 million in Q2 2026, up 4.33% YoY from $53.8 million in Q2 2025, and up 2.08% on a QoQ basis from $55.0 million in Q1 2026.
Itron (ITRI) Research & Development (2009 - 2026) Analysis & Trends
Itron (ITRI) has 18 years of Research & Development data on file, last reported at $56.1 million in Q2 2026.
- Quarterly Research & Development rose 4.33% year-over-year to $56.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $190.4 million (down 10.79% YoY) and the FY2025 annual result came in at $207.0 million, down 3.72% from the prior year.
- Research & Development advanced to $56.1 million in Q2 2026, from $55.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $58.3 million in Q4 2024 to a low of $26.2 million in Q3 2025.
- A 5-year average of $50.2 million and a median of $52.0 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2023 — Research & Development grew 18.88% — and 2025, when it slumped 48.89%.
- Tracing ITRI's Research & Development over 5 years: stood at $46.6 million in 2022, then increased by 15.64% to $53.9 million in 2023, then advanced by 8.2% to $58.3 million in 2024, then retreated by 8.97% to $53.1 million in 2025, then rose by 5.71% to $56.1 million in 2026.
- The last three Research & Development figures came in at $56.1 million (Q2 2026), $55.0 million (Q1 2026), and $53.1 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.80 Bn | 54.13 Bn | 1.26 Bn | 303.94 Mn |
| 2 | Keysight Technologies | 53.61 Bn | 51.20 Bn | 1.18 Bn | 320.00 Mn |
| 3 | Coherent | 50.67 Bn | 48.68 Bn | 787.08 Mn | 216.38 Mn |
| 4 | Teledyne Technologies | 29.23 Bn | 28.88 Bn | 738.10 Mn | 90.20 Mn |
| 5 | Mks | 18.90 Bn | 18.29 Bn | 595.00 Mn | 76.00 Mn |
| 6 | Fortive | 18.22 Bn | 17.84 Bn | 695.30 Mn | 67.50 Mn |
| 7 | Trimble | 14.07 Bn | 13.85 Bn | 674.90 Mn | 177.10 Mn |
| 8 | Cognex | 10.00 Bn | 9.59 Bn | 205.77 Mn | 32.39 Mn |
| 9 | Esco Technologies | 7.43 Bn | 7.36 Bn | 141.52 Mn | - |
| 10 | Itron | 4.39 Bn | 3.64 Bn | 230.64 Mn | 56.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 56.14 Mn |
| Mar 31, 2026 | 55.00 Mn |
| Dec 31, 2025 | 53.11 Mn |
| Sep 30, 2025 | 26.19 Mn |
| Jun 30, 2025 | 53.81 Mn |
| Mar 31, 2025 | 50.09 Mn |
| Dec 31, 2024 | 58.34 Mn |
| Sep 30, 2024 | 51.24 Mn |
| Jun 30, 2024 | 53.05 Mn |
| Mar 31, 2024 | 52.40 Mn |
| Dec 31, 2023 | 53.92 Mn |
| Sep 30, 2023 | 51.64 Mn |
| Jun 30, 2023 | 53.56 Mn |
| Mar 31, 2023 | 49.57 Mn |
| Dec 31, 2022 | 46.63 Mn |
| Sep 30, 2022 | 43.82 Mn |
| Jun 30, 2022 | 45.06 Mn |
| Mar 31, 2022 | 49.60 Mn |
| Dec 31, 2021 | 49.86 Mn |
| Sep 30, 2021 | 46.89 Mn |