This is a clean beat across all key metrics with accelerating subscription revenue growth (21% YoY) and strong subscriber additions. Watch for any guidance on the conference call, particularly around margin trajectory and subscriber growth sustainability in Latin America.
Price Chart
Executive Summary
Ituran reported a strong Q1 2026 with revenue of $102.7 million (+19% YoY), net income of $16.8 million (+15% YoY), and 40,000 net subscriber additions. All key metrics grew double-digits year-over-year, with subscription revenue up 21% to $75.4 million. The company maintained a solid balance sheet with $108.0 million in net cash and declared a $10 million quarterly dividend.
Key Facts
- Q1 2026 revenue of $102.7 million, up 19% YoY from $86.5 million
- Net income of $16.8 million, up 15% YoY from $14.6 million
- Diluted EPS of $0.85, up from $0.73 YoY
- EBITDA of $26.7 million, up 15% YoY from $23.3 million
- Subscription revenue of $75.4 million, up 21% YoY
- Added 40,000 net subscribers, total base of 2,670,000
- Operating cash flow of $18.2 million
- Net cash of $108.0 million, essentially flat vs year-end 2025
- Board declared a $10 million quarterly dividend ($0.50 per share)
- $13.0 million remaining share buyback authorization
Financial Impact
Revenue grew 19% to $102.7M, net income up 15% to $16.8M, EPS up 16% to $0.85
Risk Factors
- Product gross margin declined to 18.7% from 23.6% YoY due to mix shift
- Overall gross margin slightly compressed to 48.2% from 48.6%
- Geographic concentration in Israel and Latin America exposes to regional political/economic risks
- No explicit forward guidance provided in the filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-002882 |
| Document: zk2635403.htm | 0001178913-26-002882 |
| Document: 0001178913-26-002882-index-headers.html | 0001178913-26-002882 |
| Document: 0001178913-26-002882-index.html | 0001178913-26-002882 |
| Document: 0001178913-26-002882.txt | 0001178913-26-002882 |
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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