Ituran Location and Control LTD, For Your Smallcap Dividend Portfolio Ituran Location and Control (NASDAQ:ITRN) reported record second-quarter revenue and profitability for 2026, driven by growth in recurring subscription revenue, subscriber additions and expanding original…
uipment manufacturer relationships. Revenue for the quarter rose 21% year over year to $104.8 million, while subscription-fee revenue increased 25% to $79.8 million
Subscription revenue represented 76% of total quarterly revenue, according to CFO Eli Kamer. Product revenue increased 8% from a year earlier to $25 million. CEO Eyal Sheratzky said the company added 41,000 net subscribers during the quarter, ending June with 2.711 million subscribers.
He characterized the additions as consistent with Ituran’s expected run rate and said the company continues to pursue organic growth in its core markets through new products, value-added services, market segments and regions. Profitability and Cash Generation EBITDA increased 24% year over year to $28.5 million, equal to 27.2% of revenue, compared with $22.9 million, or 26.4% of revenue, in the prior-year quarter. Net income rose 29% to $17.3 million, or $0.88 per diluted share, from $13.5 million, or $0.68 per diluted share, a year earlier.