Mobileye's strong first-quarter results and new design wins suggest its autonomous driving technology is gaining significant traction in a competitive market.
Back
Back
Mobileye raises 2026 outlook after Q1 revenue jumps 27%
Mobileye Global Inc. (Nasdaq: MBLY) boosted its 2026 forecast after first-quarter results sailed past analyst estimates, driven by what the company called “stronger than expected” demand for its driver-assistance technology and a 28 percent jump in EyeQ chip volumes.
"First quarter results reflected a stronger than expected start to 2026, and continued favorable demand trends enable us to modestly increase our 2026 outlook," Mobileye President and CEO Amnon Shashua said in a statement.
The autonomous driving technology company reported a 27 percent year-over-year revenue increase to $558 million, beating consensus estimates. Adjusted earnings per share came in at $0.12, surpassing the average analyst expectation of $0.09.
Shares of Mobileye jumped almost 10 percent following the announcement. The company now expects full-year revenue to be between $1.94 billion and $2.02 billion, raising the midpoint of its guidance by two percent.
By the Numbers
Mobileye's results showed a clear beat on top and bottom lines, even as it absorbed costs from a recent acquisition and a significant non-cash impairment charge related to its 2017 acquisition by Intel.
The company’s GAAP operating loss was $3.9 billion, heavily impacted by a one-time, non-cash goodwill impairment of $3.79 billion. Adjusted operating income, which excludes such items, rose 61 percent to $95 million.
Strategic Wins and Future Outlook
The quarter was marked by several key developments beyond the financial results. Mobileye secured a significant design win with Indian automaker Mahindra, which will use its SuperVision and other advanced driver-assistance systems (ADAS). This marks Mobileye's third Surround ADAS customer and expands its footprint in the growing Indian market.
The company also closed its acquisition of Mentee Robotics in February, a move aimed at pursuing future applications in humanoid robotics. To offset dilution from the acquisition and stock-based compensation, Mobileye's board authorized a share repurchase program of up to $250 million.
The positive results and upgraded forecast suggest robust demand for Mobileye's technology is set to continue. Investors will now be watching the successful integration of Mentee Robotics and the execution on its design win with Mahindra as key indicators of future growth.
This article is for informational purposes only and does not constitute investment advice.
[1] Philip Morris International Inc. (PM) Q1 2026 Earnings Call Transcript[2] Mobileye jumps 12% after earnings beat and higher outlook[3] Mobileye Releases First Quarter 2026 Results, Updates Full-Year Outlook, and Announces a $250 Million Share Repurchase Program[4] Mobileye Global (MBLY) beats Q1 earnings and revenue estimates
