Mobileye Global (NASDAQ:MBLY) Issues Quarterly Earnings Results

Mobileye Global (NASDAQ:MBLY) announced its quarterly earnings data on Thursday. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01, FiscalAI reports. Mobileye Global had a positive return on equity of 0.64% and a negative net margin of 201.25%. The firm had revenue of $492.00 million during the quarter, compared to analysts’ expectations of $476.78 million. During the same period in the previous year, the firm earned $0.09 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year.

Here are the key takeaways from Mobileye Global’s conference call:

• Mobileye raised its 2026 outlook, increasing the revenue midpoint to approximately $2.008 billion and adjusted operating income to $400 million. The company cited stronger-than-expected EyeQ demand, higher SuperVision deliveries, cost discipline, and a $190 million Israeli R&D incentive.
• EyeQ shipments are expected to grow about 10% year over year in 2026, despite slightly declining global vehicle production. Chinese OEM exports, emerging-market ADAS adoption, and demand from Mobileye’s top customers are driving the outperformance.
• Mobileye reported growing traction for higher-content ADAS offerings, including Surround ADAS and Cloud-Enhanced ADAS using REM mapping. Management expects these programs, along with SuperVision and Chauffeur launches with Volkswagen Group, to support materially higher ASPs over the next several years.
• The company is pursuing a broader role in robotaxis, targeting deployment of approximately 100 vehicles in one U.S. city in 2027 while partnering on fleet operations and infrastructure. Mobileye is also working toward lower-cost platforms that could reduce reliance on lidar through greater use of imaging radar.
• Management expects a sequentially weaker fourth quarter, with revenue projected at roughly $450 million and adjusted operating income near $60 million. The decline reflects lower EyeQ orders, a step-down in SuperVision shipments, and somewhat higher operating expenses; rising memory costs also remain a 2027 pricing risk, although the company is negotiating pass-throughs with customers.

Mobileye Global Trading Down 7.0%

Mobileye Global stock opened at $5.96 on Friday. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of -1.20, a price-to-earnings-growth ratio of 2.07 and a beta of 1.25. The firm’s fifty day moving average price is $7.68 and its two-hundred day moving average price is $8.55. Mobileye Global has a 1-year low of $5.76 and a 1-year high of $14.33.

Insider Transactions at Mobileye Global

In related news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the acquisition, the director owned 84,336 shares of the company’s stock, valued at $713,482.56. This represents a 16.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MBLY. Tigress Financial cut their price target on Mobileye Global from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada downgraded Mobileye Global from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $7.00 to $5.00 in a research note on Wednesday, October 21st. Mizuho dropped their price objective on shares of Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Zacks Research downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mobileye Global in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average target price of $10.79.

Key Stories Impacting Mobileye Global

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Mobileye raised the midpoint of its full-year 2026 revenue outlook to approximately $2.008 billion, with a narrower forecast range of $1.995 billion to $2.020 billion. The company cited stronger-than-expected SuperVision deliveries and memory-cost pass-through. Mobileye raises 2026 revenue outlook
• Positive Sentiment: Third-quarter adjusted EPS was $0.11, ahead of the $0.10 consensus estimate, while revenue of $492 million also exceeded expectations of $476.8 million. Adjusted operating income for 2026 is expected to be $380 million to $420 million. Mobileye Q3 earnings and revenues beat estimates
• Positive Sentiment: EyeQ chip shipments increased 11% through the first three quarters, and the company reported improved gross margin of 53% versus 48% a year earlier. Nine-month operating cash flow was $303 million.
• Neutral Sentiment: Needham maintained a Buy rating but cut its price target sharply from $13 to $9, reflecting continued long-term optimism but more cautious valuation assumptions. Needham Mobileye recommendations
• Negative Sentiment: TD Cowen downgraded Mobileye from Buy to Hold and lowered its target from $8 to $7. Goldman Sachs also reduced its target from $8 to $7 and maintained a Neutral rating. These moves signal limited confidence in near-term upside despite the target still implying potential appreciation. TD Cowen Mobileye recommendation
• Negative Sentiment: Revenue declined 2.4% year over year to $492 million, and Mobileye still posted a GAAP net loss of $67 million. The combination of declining revenue and continued losses is tempering the market’s reaction to the earnings beat.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ:MBLY) develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.