Israel's Ituran Q2 revenue rises on subscription growth

Ituran Location and Control

12/08/2026 11:41

Overview
Israel mobility tech firm's Q2 revenue rose 21% yr/yr, reaching a record high
Q2 net income up 29% yr/yr; adjusted EPS was $0.88
Company declared $10 mln dividend and repurchased $3 mln in shares

Outlook
Company expects continued growth and profitability throughout 2026

Result Drivers
SUBSCRIPTION REVENUE - Co said 25% yr/yr growth in subscription revenue drove record Q2 results
SUBSCRIBER GROWTH - Co attributed subscriber base expansion to organic demand in Israel and Latin America, plus OEM partnerships
OPERATING LEVERAGE - Co said operating income and net income grew faster than revenue, demonstrating operating leverage

Company press release: ID:nPn1fYqwKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$104.80 mln
$99.85 mln (2 Analysts)
Q2 EPS
 
$0.88
 
Q2 Net Income
 
$17.30 mln
 
Q2 EBITDA
 
$28.50 mln
 
Q2 Operating Income
 
$23.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Ituran Location and Control Ltd is $73.50, about 39.6% above its August 11 closing price of $52.66
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)