The in-line EPS surprise limits near-term upside, but the accelerating subscription revenue growth (+25% YoY) and strong operating leverage (operating income +30% vs revenue +21%) support a positive fundamental thesis. Watch for continued subscriber momentum in Latin America and the ramp of new initiatives (IturanMob, Credit Carbon) as catalysts for future estimate revisions.
Price Chart
Executive Summary
Ituran reported Q2 2026 record revenue of $104.8M (+21% YoY) and EPS of $0.88, exactly in line with the single-analyst consensus estimate of $0.88. Subscription revenue grew 25% YoY to $79.8M, and EBITDA rose 24% to a record $28.5M, demonstrating strong operating leverage. The stock is likely to trade modestly higher on the record results and accelerating subscription growth, though the in-line EPS surprise limits upside.
Key Financial Metrics
Key Facts
- Record quarterly revenue of $104.8M, up 21% YoY.
- EPS of $0.88 exactly in line with consensus of $0.88.
- Subscription revenue grew 25% YoY to $79.8M, representing 76% of total revenue.
- Net subscriber additions of 41,000, bringing total base to 2,711,000.
- EBITDA rose 24% to a record $28.5M; operating income up 30% to $23.8M.
- Operating cash flow of $32.2M was a record for a quarter.
- Board declared a $0.50/share quarterly dividend ($10M total).
- Company repurchased $3.0M in shares during the quarter, with $10M remaining authorization.
- Net cash position of $103.7M with no debt.
Financial Impact
Record revenue of $104.8M (+21% YoY) and net income of $17.3M (+29% YoY). EPS in line with consensus.
Risk Factors
- High financial expenses due to Israeli Shekel strength against the USD.
- Product gross margin slightly compressed (25.7% vs 26.0% YoY) due to mix shift.
- Single-analyst consensus limits the signal value of the in-line EPS surprise.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302849528 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 6-K | $50.94 | awaiting T+20 | — | $51.43 (+0.96%) |
Sep 29, 2026 28d ago | 6-K | $51.01 $52.70 | ▲ +3.31% | ▲ +2.60% | $51.43 (+0.82%) |
Sep 23, 2026 4w ago | 6-K | $51.88 $50.85 | ▼ −1.99% | ▼ −2.68% | $51.43 (−0.87%) |
Sep 9, 2026 6w ago | 6-K | $51.32 $52.20 | ▲ +1.71% | ▼ −0.23% | $51.43 (+0.21%) |
Aug 12, 2026 10w ago | 6-K | $54.07 $51.75 | ▼ −4.29% | ▼ −2.39% | $51.43 (−4.88%) |
Aug 12, 2026 10w ago | 6-K | $54.07 $51.75 | ▼ −4.29% | ▼ −2.39% | $51.43 (−4.88%) |
Aug 12, 2026 10w ago | Press Release | $54.07 $51.75 | ▼ −4.29% | ▼ −2.39% | $51.43 (−4.88%) |
Jul 20, 2026 14w ago | 6-K | $55.71 $52.83 | ▼ −5.17% | ▼ −9.29% | $51.43 (−7.68%) |
Jun 25, 2026 17w ago | 6-K | $62.12 $55.30 | ▼ −10.98% | ▼ −11.51% | $51.43 (−17.21%) |
May 26, 2026 22w ago | 6-K | $61.39 $62.17 | ▲ +1.27% | ▲ +3.22% | $51.43 (−16.22%) |
US Market Status
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