Ituran Location and Control Ltd. on May 26 announced its consolidated financial results for the first quarter 2026. The company added 40,000 net subscribers in the quarter, bringing the total subscriber base to 2,670,000.
The report showed quarterly revenue surpasses a milestone reaching $102.7 million, a 19% increase year-over-year. The company reported operating income of $22.1 million, an 18% increase year-over-year and net income of $16.8 million, a 15% increase year-over-year.
“We are pleased to report a strong start to 2026, with revenue crossing the $100 million milestone for the first time,” Eyal Sheratzky, co-CEO of Ituran said. Furthermore, our revenue, operating income, EBITDA and net income all grew year-over-year by double digits. Our strong revenue growth was driven by a 21% increase in subscription revenues to $75.4 million. During the quarter, we added 40,000 net subscribers, in line with expectations. The long-term success in growing our global subscriber base consistently is due to offerings of new products and services to existing customers while tapping into new segments and new markets.”
