Self-driving tech firm Mobileye's Q2 revenue beats estimates, lifts outlook

Mobileye Global

23/07/2026 11:41

    

    Overview
  
Autonomous driving tech firm's Q2 revenue flat yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company raised full-year 2026 revenue guidance after R&D Law incentive

    

    Outlook
  
Mobileye raises full-year 2026 revenue outlook to $1.97 bln-$2.02 bln from $1.935 bln-$2.015 bln

    

    Result Drivers
  
VOLUME/PRICING MIX - Revenue was flat as a 3% increase in systems shipped was offset by lower average selling prices, mainly due to higher China OEM export volumes
MARGIN PRESSURE - Gross margin declined due to lower EyeQ ASPs from China OEM volumes and a higher share of lower-margin SuperVision revenue
R&D INCENTIVE IMPACT - Operating income and adjusted operating income improved, primarily due to the R&D Law incentive grant recognized in Q2, which offset R&D expenses

    
Company press release: ID:nBw32ml4Sa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$508 mln
$481.24 mln (19 Analysts)
Q2 Adjusted EPS
Beat
$0.19
$0.06 (20 Analysts)
Q2 Adjusted Gross Margin
 
66.00%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 16 "hold" and 1 "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 $11.50, about 31% above its July 22 closing price of $8.78
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 24 three months ago

    

    Reuters Recommended Reads
  
July 21 - GM beats Q2 revenue, adjusted EPS expectations, raises 2026 outlook
July 22 - Texas Instruments Q2 revenue beats, helped by data center demand
July 23 - BESI Q2 revenue up 68.7% on AI spending, order book more than doubles

    
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(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.)