Mobileye surges after raising annual revenue forecast

Mobileye Global

23/04/2026 14:36

Updates

** Self-driving tech firm Mobileye Global's MBLY.O shares rise 11.3% to $8.79

** Co raises annual revenue forecast to between $1.94 bln and $2.02 bln, from prev guidance of $1.90 bln to $1.98 bln

** Q1 revenue rises 27% to $558 mln, beating analysts' avg. estimate of $515.6 mln - data compiled by LSEG

** Posts Q1 adj. EPS of 12 cents vs estimates of 9 cents

** Up to last close, stock had fallen 24.3% YTD

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))