Ituran Location and Control Reports Strong First Quarter Results for 2026 with Impressive Revenue Growth

Ituran Location and Control Reports Strong Financial Performance for Q1 2026

In a recent announcement, Ituran Location and Control Ltd. (NASDAQ: ITRN) unveiled its consolidated financial outcomes for the first quarter of 2026, marking a significant milestone in its operational growth. The company celebrated a noteworthy 19% year-over-year revenue increase, surpassing $102.7 million, which is the first time the revenue has crossed the $100 million mark.

Highlights of First Quarter 2026

The financial metrics announced indicate robust growth across various dimensions of the business:

- The company added 40,000 new subscribers in the first quarter, lifting the total subscriber count to an impressive 2,670,000.
- Subscription revenues reached $75.4 million, reflecting a 21% increase compared to the same quarter last year.
- The operating income rose to $22.1 million, an 18% increase from last year.
- Net income for the quarter was reported at $16.8 million, also showing a 15% increase year-over-year.
- EBITDA climbed to $26.7 million, marking a 15% growth from the previous year.

Eyal Sheratzky, the Co-CEO of Ituran, expressed his satisfaction with the financial results, stating, “We are pleased to report a strong start to 2026, with revenue crossing the $100 million milestone for the first time.