Mobileye Q3 revenue beats estimates on higher EyeQ volumes

Mobileye Global

29/10/2026 10:55

Overview
US autonomous driving tech firm's Q3 revenue fell 2% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Revenue decline driven by lower average system price from higher China OEM export mix

Outlook
Mobileye raises 2026 revenue outlook to $1.995 bln-$2.02 bln from $1.97 bln-$2.02 bln
Company expects 2026 adjusted operating income of $380 mln-$420 mln, up from $365 mln-$425 mln
R&D Law incentive benefit expected to continue into future years, subject to changes in the law

Result Drivers
CHINA OEM MIX - Co said revenue decline was mainly due to a higher mix of China OEM export volumes, which carry less software content and lower pricing
R&D LAW INCENTIVE - Co said operating income benefited from an incentive grant under Israel's R&D Law, recognized as $52 mln in Q3
HIGHER EYEQ VOLUMES - Co said robust demand for EyeQ line enabled shipment volume to rise 11% in first nine months of 2026, outperforming global auto production

Company press release: ID:nBw7hYS1fa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$492 mln
$476.90 mln (18 Analysts)
Q3 Adjusted EPS
Beat
$0.11
$0.10 (19 Analysts)
Q3 Adjusted Gross Margin
 
64.00%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy", 13 "hold" and 2 "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 $10.10, about 43.1% above its October 28 closing price of $7.06
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 31 three months ago

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Oct 28 - Chip gear maker KLA's Q1 revenue beats analyst estimates on AI demand

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.)