The telematics firm reported record quarterly revenue driven by 21% subscription growth and new partnerships in South America.
Ituran Location and Control Ltd. posted record quarterly revenue exceeding $100 million in Q1 2026, marking its first time surpassing the milestone. The growth was fueled by a 21% increase in subscription services and expansion of its Stellantis partnership in South America.
The company added 40,000 net new subscribers, maintaining steady organic growth in core markets like Israel and Brazil. Currency tailwinds also contributed to year-over-year gains, reversing nearly a decade of foreign exchange headwinds.
Ituran reiterated full-year 2026 guidance for 160,000 to 180,000 net subscriber additions and expects one to two new OEM agreements annually. Big data and car rental telematics are positioned as long-term growth drivers.