Ituran Location & Control Ltd. Q2 2026 Earnings Release

Ituran Location & Control Ltd. announced its Q2 2026 results, reporting record revenue of $104.8 million, a 21% increase year-over-year. Subscription revenue grew by 25% to $79.8 million, while product revenue increased by 8% to $25.0 million. The company added 41,000 net subscribers, bringing the total to 2,711,000. EBITDA increased by 24% to a record $28.5 million, and net income rose by 29% to $17.3 million, or $0.88 per diluted share. Cash flow from operations was $32.2 million. The Board declared a quarterly dividend of $10 million ($0.50 per share). The company also repurchased $3.0 million in shares.