Key Points – Ituran posted a record Q1 2026 with revenue of $102.7 million, up 19% year over year, as subscription revenue climbed 21% to $75.4 million.
Operating income, EBITDA, and net income all increased by double digits. – The company continued to grow its subscriber base, adding 40,000 net subscribers to reach 2.67 million, and reiterated its full-year target of 160,000 to 180,000 net additions
Management said growth was steady across core markets and supported by a currency tailwind in the quarter. – Profitability and shareholder returns remained strong, with EBITDA of $26.7 million, net income of $16.8 million, and operating cash flow of $18.2 million. Ituran also declared a $10 million quarterly dividend and continued share repurchases, while highlighting OEM partnerships and new data-related initiatives as future growth drivers. – Ituran Location and Control LTD, For Your Smallcap Dividend Portfolio Ituran Location and Control (NASDAQ:ITRN) reported a record first quarter of 2026, with revenue surpassing $100 million for the first time as subscription growth and continued subscriber additions supported double-digit gains in profitability. Chief Executive Officer Eyal Sheratzky said on the earnings call that the company was “very pleased” with the start to the year, citing total revenue of $102.7 million, up 19% from a year earlier.
Subscription revenue rose 21% year over year to $75.4 million, while product revenue increased 12% to $27.3 million. “For the quarter, overall revenue grew 19% year-over-year to $102.7 million, a record, with subscription revenue growth of 21% to $75.4 million,” Sheratzky said. He added that operating income, EBITDA and net income all grew by double digits from the prior-year period. Subscriber Base Continues to Expand Ituran added 40,000 net subscribers during the quarter, ending March 2026 with 2.67 million subscribers.