Ituran Location and Control reports record Q2 revenue and profit, driven by subscription growth

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Summary · why it matters

Ituran Location and Control reported record second-quarter results, with revenue rising 21% year over year to $104.8 million and subscription revenue increasing 25% to $79.8 million. EBITDA grew 24% to $28.5 million, while net income climbed 29% to $17.3 million, or $0.88 per diluted share. The company added 41,000 net subscribers, reaching 2.711 million, and generated a record $32.2 million in operating cash flow. Ituran ended June with $103.7 million in net cash and no debt, declared a $0.50-per-share dividend, and repurchased $3 million of stock. Management noted that OEM programs with Stellantis, Yamaha, and BMW are supporting expansion, while newer initiatives such as IturanMOB and Credit Carbon remain early-stage, with the U.S. rental-market rollout not expected to contribute materially in 2026 or 2027.

Impact on assets 4

Robotics & Physical AI▲
Consumer Discretionary▲
Electrification & Mobility▲
Stellantis NV
STLA
▲ PositiveDemandrelevance

OEM programs with Stellantis support subscription growth

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