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Mobileye Reports Mixed Q3 Results, Raises Annual Outlook
Israeli automotive tech firm Mobileye reported mixed third-quarter 2026 results, with revenues down 2% year-over-year to $492 million but exceeding analyst expectations. The company narrowed its net loss to $67 million and raised its full-year revenue forecast to $1.995-$2.020 billion.
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What happened
- 01Mobileye reported Q3 revenues of $492 million, a 2% decrease year-over-year, but beat analyst expectations.
- 02The company narrowed its net loss to $67 million, down from $96 million in the same quarter last year.
- 03Adjusted operating profit rose 20% to $89 million, boosted by a $51 million Israeli R&D tax credit.
- 04Mobileye raised its full-year 2026 revenue forecast to $1.995-$2.020 billion, projecting 5%-7% growth.
- 05The company saw an 11% increase in EyeQ system deliveries despite a global vehicle production decrease.
- 06Progress was reported in autonomous taxi services and selection for German public transport vehicles.
Mobileye also noted progress in autonomous vehicle technology and pilot programs in Germany and the US.
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