{
  "id": 655211,
  "title": "Ituran beats Q2 estimates with record revenue up 21% YoY",
  "url": "https://urgent.news/2026/08/12/ituran-beats-q2-estimates-with-record-revenue-up-21-yoy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T10:54:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/ituran-beats-q2-estimates-with-record-revenue-up-21-yoy-93CH-4854358"
  },
  "original_language": "en",
  "account": "On Wednesday, Ituran Location and Control Ltd. (NASDAQ:ITRN) reported strong second quarter results that surpassed analyst forecasts. The company's stock exhibited little change in after-hours trading after the announcement. Adjusted earnings per share came in at $0.88, exceeding the consensus estimate of $0.82 by $0.06. Revenue for the quarter reached a record $104.8 million, a 21% increase compared to the previous year's $96.8 million. Subscription revenue, which makes up 76% of total revenue, grew by 25% year-over-year to $79.8 million, while product revenue increased by 8% to $25.0 million. Ituran added 41,000 new subscribers during the quarter, bringing the total subscriber base to 2.71 million. Net income rose 29% year-over-year to $17.3 million, and EBITDA increased by 24% to $28.5 million. Eyal Sheratzky, Co-CEO of Ituran, stated that the second quarter was an outstanding performance for the company, with record revenue, increased subscription revenue, and improved operating metrics. The company declared a quarterly dividend of $10 million, or $0.50 per share, and repurchased $3.0 million in shares under its buyback program. As of June 30, 2026, Ituran held net cash and marketable securities of $103.7 million with no debt.",
  "summary": null,
  "key_points": [
    "Ituran's Q2 revenue up 21% YoY to $104.8 million",
    "Subscription revenue grew 25% to $79.8 million",
    "Net income increased 29% to $17.3 million"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}