Mobileye Global Inc. reported second-quarter 2026 earnings of $0.19 per share, surpassing the analyst consensus estimate of $0.06 by 216.67%. This represents a 46.15% increase compared to earnings of $0.13 per share in the same period last year. The company posted quarterly sales of $508.000 million, beating the analyst consensus estimate of $481.243 million by 5.56% and rising 0.40% from sales of $506.000 million a year ago.

The company raised its full-year 2026 revenue outlook to $1,970 million - $2,020 million, reflecting a $20 million increase at the midpoint compared to previous guidance. The revised range implies 4% to 7% year-over-year revenue growth and compares to a consensus estimate of $1.983 billion. This adjustment follows the recognition of an R&D incentive grant under the Israeli Law for the Encouragement and Incentivization of Research and Development 2026, enacted during Q2 and applying retroactively from the beginning of 2026.

Mobileye significantly improved its profitability metrics, with Operating Loss narrowing by 59% to $(30) million and Adjusted Operating Income increasing 46% to $155 million. The financial improvements were bolstered by the recognition of approximately $110 million (GAAP) and $93 million (Non-GAAP) as an offset to Q2 R&D expenses. The company has incorporated the full-year impact of the R&D incentive into its outlook, projecting $197 - $217 million (GAAP) and $180 - $200 million (Non-GAAP) in benefits.

Consequently, the company updated its Adjusted Operating Income guidance to a range of $365 million - $425 million, up from the previous $185 - $235 million. The updated Operating Loss guidance is $(4,154) million - $(4,094) million. Operationally, Mobileye generated net cash from operating activities of $210 million in the six months ended June 27, 2026, and maintained a strong balance sheet with $1.4 billion of cash and cash equivalents, marketable securities, and deposits. Share repurchases totaled $24 million through the end of Q2 2026.

Second Quarter 2026 Financial Summary

Updated Financial Guidance for FY26

Mobileye will integrate its Cloud-Enhanced Advanced Driver Assist technology into select Stellantis vehicles starting in 2027, enhancing safety and convenience features through crowdsourced intelligence. The collaboration leverages Mobileye’s REM Road Experience Management technology to increase hands-free driving availability and performance. This partnership aims to support features such as intelligent lane keeping on unmarked roads and hands-free, eyes-on driving in designated areas.

Stellantis joins a growing list of global automakers utilizing Mobileye’s REM technology, which covers more than 95 percent of public roads in the United States and Europe. Five of the world’s ten largest automakers now contribute data to REM, generating data from over 8 million vehicles covering 34 billion miles last year. The technology uses front-facing cameras in EyeQ-equipped vehicles to gather anonymized data about road features, which is processed in the cloud and sent back to vehicles for real-time updates.

The first planned applications of this technology are expected in select U.S. models next year, with additional integration dependent on vehicle platform and configuration. REM data covers various road types, from highways to deep urban environments, with growing coverage in key Asian, North American, and South American markets. The global scale of the crowdsourcing fleet ensures high coverage and continuous updates, reflecting changes such as road construction in the intelligence layer.

Nimrod Nehushtan, Mobileye Executive Vice President of Business Development and Strategy, highlighted the significance of the partnership. “We’re proud to expand our work with Stellantis, bringing a new level of intelligence to the vehicle itself through REM and the EyeQ6L,” he said. “Cloud-enhanced ADAS plays a core role in our lineup of advanced technologies, from Surround ADAS through fully autonomous vehicles, that enables safety and convenience features in a vertically integrated package at a cost-efficient scale.”

Mobileye’s REM technology processes crowdsourced data into a rich intelligence layer that supports ADAS, automated driving, and autonomous vehicle technologies. The system provides constantly updated insights about signals, lanes, average comfort speeds, and other semantic features. This integration is expected to enhance the driving experience by offering more accurate and responsive assistance features.

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