Mobileye falls after founder plans to step down as CEO
23/07/2026 14:03
BUZZ-Mobileye falls after founder plans to step down as CEO ** Shares of autonomous driving technology company Mobileye Global MBLY.O slip 4.7% to $8.37 premarket
** The company says founder Amnon Shashua plans to step down as CEO once a successor is appointed
** Narrows its 2026 revenue forecast range to $1.97 bln to $2.02 bln, raising the midpoint by $20 mln
** MBLY reports Q2 revenue of $508 mln, beating analysts' avg est of $481.2 mln, according to data compiled by LSEG
** Up to last close, stock has fallen ~16% this year
(Reporting by Prathik Jayaprakash in Bengaluru)
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Mobileye falls after founder plans to step down as CEO