- \n
- \nRevenue of $508 million in the second quarter was relatively flat compared to Q2 2025. Operating Loss and Adjusted Operating Income in Q2 2026 improved by 59% and 46% respectively, compared to Q2 2025.<\/p>\n<\/li>\n
- \nDiluted EPS (GAAP) was $(0.03) and Adjusted Diluted EPS (Non-GAAP) was $0.19 in the second quarter of 2026.<\/p>\n<\/li>\n
- \nFull-year 2026 revenue outlook, at the midpoint, is increased by $20 million. Range narrowed to $1,970 million – $2,020 million, implying 4% – 7% year-over-year revenue growth.<\/p>\n<\/li>\n
- \nWe are raising the midpoint of our full-year 2026 guidance for Adjusted Operating Income (Non-GAAP) and decreasing the midpoint for Operating Loss (GAAP) by 88% and 4%, respectively. The positive revisions are primarily related to an R&D incentive grant recognized under the Israeli Law for the Encouragement and Incentivization of Research and Development 2026 (\u201cR&D Law\u201d) which was enacted during the second quarter and applies from the beginning of 2026. Accordingly, the R&D incentive grant recognized this quarter was recognized for the entire first half of 2026.<\/p>\n<\/li>\n
- \nGenerated net cash from operating activities of $210 million in the six months ended June 27, 2026. Our balance sheet is strong with $1.4 billion of cash and cash equivalents, marketable securities and deposits.<\/p>\n<\/li>\n<\/ul>\n
JERUSALEM–(BUSINESS WIRE<\/a>)–
\nMobileye Global Inc. (Nasdaq: MBLY) (\u201cMobileye\u201d) today released its financial results for the three months ended June 27, 2026.<\/p>\n\n\u201cThe core business continued its strong momentum in Q2 as we focus our development and execution efforts on a number of advanced product launches in late 2026 and throughout 2027,\u201d said Mobileye President and CEO Prof. Amnon Shashua. \u201cOur foundation is robust and highly profitable, boosted by the recently enacted R&D Law which we expect to sustainably raise the margin baseline of the business. I see tremendous opportunities ahead as we work to convert heavy R&D spending over the last several years into revenue generation from advanced consumer automotive products, self-driving-system supply, robotaxi services, and humanoid robotics.\u201d<\/p>\n
Second Quarter 2026 Business Highlights<\/b><\/p>\n
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- \nPreparations for commercial robotaxi services with the Volkswagen Group company MOIA continued on-track throughout the quarter. MOIA just recently began public user testing in Hamburg, Germany with safety drivers in vehicles equipped with Mobileye\u2019s self-driving-system.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nOur previously announced expansion into vertically-integrated commercial mobility as a service gained momentum in recent weeks. We are engaged with potential vendors for vehicle platform supply, self-driving-system installation and upfit, and fleet logistics support. We have accelerated Moovit\u2019s execution of customer-facing app, fleet optimization, and rider engagement applications. We believe these efforts significantly expand our potential to scale robotaxi commercialization through multiple channels, including MOIA and Holon, our own service, and third-party demand generation platforms.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nWe see continued traction in automaker demand for next-generation, high-volume ADAS systems, including expanded safety features and hands-free highway driving, in a cost-efficient package. In addition to multiple previously announced Surround ADAS design wins we added a high-volume Cloud-Enhanced ADAS design win with Stellantis this quarter. Gross profit per unit for this program is roughly equivalent to Surround ADAS and more than double our current average base ADAS profitability.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nEnactment of the R&D Law mentioned above occurred during Mobileye\u2019s second quarter and applies from the beginning of 2026. We recognized approximately $110 million (GAAP) and $93 million (Non-GAAP) as an offset to Q2 R&D expenses (amounts attributable to Q1 and Q2 were roughly equivalent). For the full-year, we have incorporated $197 – $217 million (GAAP) and $180 – $200 million (Non-GAAP) into our full-year 2026 outlook. The R&D Law has no scheduled expiration date and was enacted in connection with Israel\u2019s implementation of the OECD Pillar Two global minimum tax rules to offset the resulting higher tax burden, preserve Israel\u2019s attractiveness for R&D investment and encourage continued R&D activity.<\/p>\n<\/li>\n<\/ul>\n
Second Quarter 2026 Financial Summary and Key Highlights (Unaudited)<\/b><\/p>\n
- \nEnactment of the R&D Law mentioned above occurred during Mobileye\u2019s second quarter and applies from the beginning of 2026. We recognized approximately $110 million (GAAP) and $93 million (Non-GAAP) as an offset to Q2 R&D expenses (amounts attributable to Q1 and Q2 were roughly equivalent). For the full-year, we have incorporated $197 – $217 million (GAAP) and $180 – $200 million (Non-GAAP) into our full-year 2026 outlook. The R&D Law has no scheduled expiration date and was enacted in connection with Israel\u2019s implementation of the OECD Pillar Two global minimum tax rules to offset the resulting higher tax burden, preserve Israel\u2019s attractiveness for R&D investment and encourage continued R&D activity.<\/p>\n<\/li>\n<\/ul>\n
- \nWe see continued traction in automaker demand for next-generation, high-volume ADAS systems, including expanded safety features and hands-free highway driving, in a cost-efficient package. In addition to multiple previously announced Surround ADAS design wins we added a high-volume Cloud-Enhanced ADAS design win with Stellantis this quarter. Gross profit per unit for this program is roughly equivalent to Surround ADAS and more than double our current average base ADAS profitability.<\/p>\n<\/li>\n<\/ul>\n
- \nOur previously announced expansion into vertically-integrated commercial mobility as a service gained momentum in recent weeks. We are engaged with potential vendors for vehicle platform supply, self-driving-system installation and upfit, and fleet logistics support. We have accelerated Moovit\u2019s execution of customer-facing app, fleet optimization, and rider engagement applications. We believe these efforts significantly expand our potential to scale robotaxi commercialization through multiple channels, including MOIA and Holon, our own service, and third-party demand generation platforms.<\/p>\n<\/li>\n<\/ul>\n
- \nPreparations for commercial robotaxi services with the Volkswagen Group company MOIA continued on-track throughout the quarter. MOIA just recently began public user testing in Hamburg, Germany with safety drivers in vehicles equipped with Mobileye\u2019s self-driving-system.<\/p>\n<\/li>\n<\/ul>\n
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