ITURAN PRESENTS FIRST QUARTER 2026 RESULTS
Ituran reported Q1 2026 revenue of $102.7 million, a 19% year-over-year increase, marking the first time the company has crossed the $100 million quarterly revenue milestone. Subscription revenue grew 21% to $75.4 million, driven by the addition of 40,000 net subscribers, bringing the total base to 2.67 million. Operating income rose 18% to $22.1 million and net income increased 15% to $16.8 million ($0.85 EPS). The Board declared a quarterly dividend of $10 million ($0.50 per share) and authorized a $10 million increase to the share buy-back program, with $13 million remaining authorized.
Key figures
- Eps
- 0.85
- Revenue
- 102700000
- Revenue Yoy
- 19%
- Ebitda
- 26700000
- Net cash
- 108000000
- Ebitda yoy
- 15%
- Net income
- 16800000
- Gross margin
- 48.2%
- Gross profit
- 49400000
- Net income yoy
- 15%
- Product revenue
- 27300000
- Operating income
- 22100000
- Subscriber count
- 2670000
- Dividend declared
- 10000000
- Dividend per share
- 0.5
- Operating cash flow
- 18200000
- Product revenue yoy
- 12%
- Operating income yoy
- 18%
- Product gross margin
- 18.7%
- Subscription revenue
- 75400000
- Net subscribers added
- 40000
- Subscription revenue yoy
- 21%
- Subscription gross margin
- 58.8%
- Buyback authorization remaining
- 13000000
AI analysis
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