Ituran Reports Record Q2 Revenue and Subscriber Growth in 2026 Earnings Call
During its second quarter earnings call on August 12, 2026, Ituran reported record revenue of $104.8 million, a year-over-year increase of 21%. The company attributed this growth to strong performance across all profit metrics—operating income, EBITDA, and net income—which outpaced revenue due to the operating leverage in its business model. Ituran added 41,000 net new subscribers during Q2, bringing total subscriptions to 2.7 million as of June 30, 2026. Recurring subscription revenue rose by 25% year-over-year to $80 million and accounted for 76% of overall revenues. The CEO highlighted the importance of OEM partnerships in driving long-term growth, including ongoing expansion with Stellantis' Connect Fiat program and discussions with additional automakers. The company also mentioned new initiatives such as IturanMob, a car rental solution launched in the U.S., and Credit Carbon, a platform for electric vehicle drivers to sell verified carbon credits. These ventures are seen as potential long-term contributors to revenue diversification.
