Mobileye's third quarter revenue of $492M beats estimates while full-year 2026 guidance is raised

Mobileye reported third quarter 2026 results that exceeded analyst expectations on both the top and bottom lines, despite a 2% year-over-year revenue decline. The company raised its full-year 2026 revenue outlook midpoint by $13 million, citing higher-than-expected SuperVision deliveries and robust EyeQ volumes that offset a lower average system price (ASP).

Key Highlights

• Revenue of $492 million beat the $476.78 million estimate, though total revenue fell 2% year-over-year due to a 5% decrease in average system price.
• Adjusted diluted EPS of $0.11 outperformed the $0.10 expectation, supported by a 20% year-over-year increase in adjusted operating income.
• EyeQ shipment volumes reached 9.5 million units, hitting the top end of management's previous guidance range of 9.3 million to 9.5 million units.
• Adjusted operating income of $89 million was significantly bolstered by a $51 million incentive grant recognized under the Israeli R&D Law.