Mobileye Global (NASDAQ:MBLY) Announces Earnings Results

Key Points

• Mobileye beat quarterly expectations: Adjusted earnings were $0.11 per share versus the $0.10 consensus, while revenue reached $492 million, ahead of estimates but down 2.4% year over year.
• The company raised its 2026 outlook to approximately $2.008 billion in revenue and $400 million in adjusted operating income, citing stronger EyeQ demand, higher SuperVision deliveries, cost discipline, and an Israeli R&D incentive.
• Near-term risks remain: Mobileye expects weaker fourth-quarter revenue and operating income due to lower EyeQ orders and SuperVision shipments, while rising memory costs could pressure pricing in 2027. Shares traded near $6.54, and analysts’ consensus rating remained “Hold.”

Mobileye Global (NASDAQ:MBLY - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01, FiscalAI reports. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The company had revenue of $492.00 million during the quarter, compared to analysts' expectations of $476.78 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The business's quarterly revenue was down 2.4% compared to the same quarter last year.

Here are the key takeaways from Mobileye Global's conference call:

• Mobileye raised its 2026 outlook, increasing the revenue midpoint to approximately $2.008 billion and adjusted operating income to $400 million. The company cited stronger-than-expected EyeQ demand, higher SuperVision deliveries, cost discipline, and a $190 million Israeli R&D incentive.
• EyeQ shipments are expected to grow about 10% year over year in 2026, despite slightly declining global vehicle production. Chinese OEM exports, emerging-market ADAS adoption, and demand from Mobileye’s top customers are driving the outperformance.
• Mobileye reported growing traction for higher-content ADAS offerings, including Surround ADAS and Cloud-Enhanced ADAS using REM mapping. Management expects these programs, along with SuperVision and Chauffeur launches with Volkswagen Group, to support materially higher ASPs over the next several years.
• The company is pursuing a broader role in robotaxis, targeting deployment of approximately 100 vehicles in one U.S. city in 2027 while partnering on fleet operations and infrastructure. Mobileye is also working toward lower-cost platforms that could reduce reliance on lidar through greater use of imaging radar.
• Management expects a sequentially weaker fourth quarter, with revenue projected at roughly $450 million and adjusted operating income near $60 million. The decline reflects lower EyeQ orders, a step-down in SuperVision shipments, and somewhat higher operating expenses; rising memory costs also remain a 2027 pricing risk, although the company is negotiating pass-throughs with customers.

Mobileye Global Price Performance

Shares of MBLY traded down $0.52 during mid-day trading on Thursday, hitting $6.54. 6,202,116 shares of the company's stock were exchanged, compared to its average volume of 6,917,319. Mobileye Global has a 52 week low of $6.37 and a 52 week high of $14.33. The company has a market cap of $5.49 billion, a PE ratio of -1.31, a P/E/G ratio of 2.12 and a beta of 1.25. The company has a 50-day simple moving average of $7.79 and a 200 day simple moving average of $8.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Mobileye Global in a research report on Friday, October 2nd. Berenberg Bank raised shares of Mobileye Global from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a research note on Monday, August 17th. Piper Sandler upgraded Mobileye Global from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $10.00 to $12.00 in a report on Monday, July 27th. Mizuho dropped their price target on Mobileye Global from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Finally, Royal Bank Of Canada downgraded Mobileye Global from a "sector perform" rating to an "underperform" rating and dropped their price target for the company from $7.00 to $5.00 in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.08.

Insider Activity at Mobileye Global

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $8.46 per share, for a total transaction of $100,174.86. Following the purchase, the director owned 84,336 shares of the company's stock, valued at approximately $713,482.56. This represents a 16.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Mobileye Global Company Profile

Mobileye Global Inc NASDAQ: MBLY develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.

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