Ituran Q1 2026 Earnings: Revenue Exceeds $100M Milestone with 19% Growth

Ituran Location and Control Ltd. reported strong Q1 2026 results with revenue reaching $102.7 million, a 19% year-over-year increase and crossing the $100 million milestone for the first time. The company added 40,000 net subscribers, bringing the total subscriber base to 2.67 million. Subscription revenue grew 21% to $75.4 million, while product revenue increased 12% to $27.3 million. Net income rose 15% to $16.8 million ($0.85 per diluted share), and EBITDA grew 15% to $26.7 million. Operating cash flow was $18.2 million, and the company ended the quarter with $108 million in net cash. The Board declared a $10 million quarterly dividend and authorized additional share buybacks.