XML 50 R39.htm IDEA: XBRL DOCUMENT v3.25.3

Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Revenues Gross Profit And Operating Income By Segment

Information about our reporting segments and Corporate unallocated and the reconciliation to income before income taxes was as follows:

Three Months Ended September 30, 2025
In thousands						Device Solutions						Networked Solutions						Outcomes						Segments Subtotal						Corporate Unallocated						Consolidated
Product revenues						$	103,097					$	365,378					$	25,848					$	494,323
Service revenues						525						28,324						58,453						87,302
Total revenues						103,622						393,702						84,301						581,625
Cost of revenues						71,615						238,941						51,524						362,080
Gross profit						32,007						154,761						32,777						219,545
Sales, general and administrative						2,900						6,695						3,707						13,302
Research and development						4,232						26,186						12,264						42,682
Corporate unallocated expenses						—						—						—						—						81,778
Total other income (expense)						—						—						—						—						8,918
Income before income taxes						$	24,875					$	121,880					$	16,806					$	163,561					$	(72,860)					$	90,701
Nine Months Ended September 30, 2025
In thousands						Device Solutions						Networked Solutions						Outcomes						Segments Subtotal						Corporate Unallocated						Consolidated
Product revenues						$	340,423					$	1,119,381					$	74,844					$	1,534,648
Service revenues						1,830						85,987						173,072						260,889
Total revenues						342,253						1,205,368						247,916						1,795,537
Cost of revenues						238,902						744,650						151,603						1,135,155
Gross profit						103,351						460,718						96,313						660,382
Sales, general and administrative						9,856						20,852						12,420						43,128
Research and development						12,695						80,878						37,070						130,643
Corporate unallocated expenses						—						—						—						—						252,202
Total other income (expense)						—						—						—						—						22,053
Income before income taxes						$	80,800					$	358,988					$	46,823					$	486,611					$	(230,149)					$	256,462

Three Months Ended September 30, 2024
In thousands						Device Solutions						Networked Solutions						Outcomes						Segments Subtotal						Corporate Unallocated						Consolidated
Product revenues						$	122,119					$	390,201					$	25,929					$	538,249
Service revenues						619						26,512						50,082						77,213
Total revenues						122,738						416,713						76,011						615,462
Cost of revenues						89,396						267,065						49,403						405,864
Gross profit						33,342						149,648						26,608						209,598
Sales, general and administrative						3,137						6,860						3,874						13,871
Research and development						3,720						27,557						11,548						42,825
Corporate unallocated expenses						—						—						—						—						78,969
Total other income (expense)						—						—						—						—						8,492
Income before income taxes						$	26,485					$	115,231					$	11,186					$	152,902					$	(70,477)					$	82,425
Nine Months Ended September 30, 2024
In thousands						Device Solutions						Networked Solutions						Outcomes						Segments Subtotal						Corporate Unallocated						Consolidated
Product revenues						$	365,956					$	1,158,857					$	74,165					$	1,598,978
Service revenues						2,084						78,076						148,835						228,995
Total revenues						368,040						1,236,933						223,000						1,827,973
Cost of revenues						273,403						784,103						145,030						1,202,536
Gross profit						94,637						452,830						77,970						625,437
Sales, general and administrative						10,246						20,390						11,720						42,356
Research and development						12,478						83,087						35,322						130,887
Corporate unallocated expenses						—						—						—						—						250,814
Total other income (expense)						—						—						—						—						13,301
Income before income taxes						$	71,913					$	349,353					$	30,928					$	452,194					$	(237,513)					$	214,681

Revenues By Region

Revenues by region were as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
In thousands			2025						2024						2025						2024
United States and Canada			$	477,715					$	505,606					$	1,464,462					$	1,486,090
Europe, Middle East, and Africa			75,202						86,670						250,107						272,107
Asia Pacific			28,708						23,186						80,968						69,776
Total Company			$	581,625					$	615,462					$	1,795,537					$	1,827,973

Depreciation And Amortization Expense Associated With Segments

Depreciation and amortization of intangible assets expense associated with our operating segments was as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
In thousands			2025						2024						2025						2024
Device Solutions			$	2,269					$	3,423					$	6,583					$	8,853
Networked Solutions			3,456						4,219						10,532						12,234
Outcomes			1,317						1,510						3,933						4,470
Corporate unallocated			4,997						5,564						15,173						15,422
Total Company			$	12,039					$	14,716					$	36,221					$	40,979

X

- Definition

Depreciation And Amortization Expense Associated With Segments [Table Text Block]

+ References

No definition available.

+ Details

Name:	itri_DepreciationAndAmortizationExpenseAssociatedWithSegmentsTableTextBlock
Namespace Prefix:	itri_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration