Ituran Reports Record Revenue and Profitability for Q2 2026
Ituran (ITRN) reported record revenue of $104.8 million in the second quarter of 2026, a 21% year-over-year increase driven by strong performance across both subscription and product segments. Subscription revenue reached $79.8 million or 76% of total revenue, growing at a faster pace than overall sales with a 25% YoY rise. The company also reported net income of $17.3 million (up 29%) and EBITDA of $28.5 million, representing strong profitability metrics. The subscriber base grew to 2.71 million at the end of June 2026, with a net addition of 41,000 subscribers during Q2. Gross margins improved slightly for subscriptions (to 58.8%) while product gross margin dipped due to changes in mix. Ituran also highlighted strategic initiatives such as expanding its OEM partnerships and launching the IturanMob car rental solution in U.S. markets.
Topics: net_income revenue subscriber_base subscription_growth