Mobileye reported third-quarter 2026 revenue of $492 million, down 2% from a year earlier, while operating performance improved. The company also raised the midpoint of its full-year revenue outlook and narrowed its forecast range, citing demand for its driver-assistance technology that has outpaced vehicle production at major customers.
The update also highlighted new higher-content ADAS programs and progress toward robotaxi commercialization. Mobileye said it remains well funded, with $1.5 billion in cash, cash equivalents, marketable securities and deposits.
Results and outlook
- Third-quarter revenue was $492 million, a 2% year-over-year decline.
- Operating loss narrowed 25% from the year-earlier quarter, while adjusted operating income rose 20%.
- Diluted GAAP earnings per share were a loss of 8 cents. Adjusted diluted earnings per share were 11 cents.
- Mobileye raised its 2026 revenue outlook by $13 million at the midpoint and narrowed the range to $1.995 billion to $2.02 billion, implying 5% to 7% growth from 2025.
- At the midpoint, full-year guidance for GAAP operating loss improved by 0.4%, and guidance for adjusted operating income improved by 1%.
- The company generated $303 million in cash from operating activities during the first nine months of 2026. It ended the period with $1.5 billion in cash, cash equivalents, marketable securities and deposits.
Demand and product wins
- EyeQ shipments rose 11% in the first nine months of 2026, while global automotive production declined an estimated 1%.
- Mobileye expects shipments to its 10 largest customers to grow 7% for the full year, including the effect of changes in safety-stock inventory. Those customers’ combined vehicle production is expected to decline 5%.
- The company said Chinese automakers are using its technology as they expand into emerging markets, where wider use of standard ADAS is also prompting established automakers to increase fitment.
- Mobileye pointed to growing demand for higher-value Level 2+ highway hands-free systems. It cited an expected approximate 20% annual growth rate for worldwide volume in this segment through the end of the decade and said its EyeQ system is in the majority of vehicles produced in North America and Europe in the segment in 2026.
- New design wins for Cloud-Enhanced ADAS include programs with a top-five global automaker from Asia and a top-10 global automaker from Japan. The systems combine front-camera technology with Mobileye’s Road Experience Management mapping and road-intelligence capabilities.
- A previously announced Cloud-Enhanced ADAS program for select future Stellantis vehicles in the U.S., starting in 2027, has been expanded to include European platforms.
- Mobileye said Surround ADAS and Cloud-Enhanced ADAS provide ways to increase its technology and software content in each vehicle, either by supplying a broader system or adding capabilities to an existing EyeQ program.
Robotaxi activity
- Mobileye described permits, public deployments and partner vehicle selections as progress toward commercializing its robotaxi business.
- The company said demonstrating driver-out performance—vehicles operating without a human driver—remains a key milestone.
- CEO Amnon Shashua said Mobileye’s broader role in the self-driving value chain is intended to speed deployment and create recurring revenue opportunities alongside its existing, capital-light business of supplying self-driving systems.
The results point to improving operating performance despite a slight revenue decline. Mobileye’s outlook depends in part on continued demand for its ADAS products and the rollout of newer, higher-content systems; its robotaxi comments describe progress, but also identify driver-out performance as a milestone still to be achieved.