Israel's Mobileye Q1 revenue, adjusted EPS top estimates; hikes FY forecasts

Mobileye Global

23/04/2026 12:23

Overview

Israel autonomous driving tech provider's Q1 revenue grew 27% yr/yr, beating analyst expectations

Adjusted EPS for Q1 was $0.12, beating analyst expectations

Company announced $250 mln share repurchase program

Outlook

Mobileye raises 2026 revenue guidance to $1.935 bln-$2.015 bln

Company increases 2026 adjusted operating income outlook to $185 mln-$235 mln

Mobileye sees continued favorable demand trends supporting modest growth in 2026

Result Drivers

EYEQ VOLUME GROWTH - Revenue rose 27% yr/yr, primarily due to a 28% increase in EyeQ SoC volumes driven by higher demand and normalization of customer safety stock levels

OPERATING LEVERAGE - Adjusted operating margin improved to 17% from 13% as higher revenue led to lower operating expenses as a percentage of revenue

GOODWILL IMPAIRMENT - GAAP operating loss widened due to a $3,788 mln non-cash goodwill impairment driven by lower market capitalization and increased macroeconomic and geopolitical uncertainty

Company press release: ID:nBw1zqd4Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$558 mln
$515.50 mln (18 Analysts)
Q1 Adjusted EPS
Beat
$0.12
$0.09 (19 Analysts)
Q1 Adjusted Gross Margin
66.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated hardware & software peer group is "buy"

Wall Street's median 12-month price target for Mobileye Global Inc is $13.57, about 71.8% above its April 22 closing price of $7.90

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)