Earnings Releases·Oct 29, 2026, 6:49 AM ET

Mobileye — Third Quarter 2026 Earnings Summary

**Financial Results:** Q3 2026 revenue declined 2% year-over-year to $492 million, while GAAP operating loss improved 25% to $82 million and adjusted operating income rose 20% to $89 million; GAAP gross margin increased to 53% despite a 3% decline in adjusted gross margin to 64%.
**Guidance Update:** Full-year 2026 revenue guidance was raised to $1,995–$2,020 million (implying 5–7% growth), with adjusted operating income guidance increased to $380–$420 million, driven by higher SuperVision deliveries and a $190 million R&D Law incentive grant.
**Strategic Moves:** The company acquired Mentee Robotics to pursue physical AI and humanoid robots, expanded Cloud-Enhanced ADAS supply to Stellantis European platforms, and secured new design wins with top global automakers in Asia and Japan.
**Operational Outlook:** EyeQ shipment volume grew 11% in the first nine months of 2026, outperforming global automotive production, while robotaxi deployment expanded with public testing in Hamburg, permits in Norway, and a Deutsche Bahn selection for public transit corridors.