Smashing Pumpkins, an iconic, best-selling ’90s group, is back on its game, with two strong recent albums and an “electroacoustic” tour that hits the Paramount Theatre on Wednesday, March 23.

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The Smashing Pumpkins, among the most iconic and biggest-selling ’90s groups not connected to the grunge scene, play the Paramount Theatre on Wednesday (March 23).

The Pumpkins reached superstardom with 1993’s flawless “Siamese Dream” and the ’95 multiplatinum double-disc “Mellon Collie and the Infinite Sadness,” a sort-of Gen-X answer to Pink Floyd’s “The Wall.”

The decades since, however, have been tumultuous for bandleader Billy Corgan, including a lot of smack talk and a one-and-done supergroup, Zwan. In a 2014 interview, Corgan ripped fellow alternative-rock lifers Pearl Jam (“who don’t have the songs”) and Foo Fighters (“who just haven’t evolved”).

Thankfully, the 48-year-old musician’s getting back to doing what he does best. There have been two new Pumpkins full-lengths in the last four years, and one of them, 2012’s “Oceania,” might be the band’s finest since its ’90s heyday, even without co-founding guitarist James Iha and bassist D’arcy Wretzky. (Drummer Jimmy Chamberlin remains.)

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This tour is billed as “electroacoustic,” featuring reworked versions of newer songs and past hits. Liz Phair opens.

8 p.m. Wednesday, March 23, at the Paramount Theatre, 911 Pine St., Seattle; sold out (877-784-4849 or stgpresents.org)