Ituran Location and Control Ltd. reported second quarter 2026 financial results on August 12, 2026. Revenue reached a record $104.8 million, up 21% year-over-year, driven by a 25% increase in subscription revenue to $79.8 million. Net income rose 29% to $17.3 million, or $0.88 per diluted share, while EBITDA grew 24% to a record $28.5 million. The company added 41,000 net subscribers, bringing the total base to 2,711,000. Operating cash flow was $32.2 million, and the balance sheet held $103.7 million in net cash with no debt. The Board declared a quarterly dividend of $0.50 per share. Ituran operates in the mobility technology industry, providing location-based services such as stolen vehicle recovery and fleet management.
