Mobileye Q1 revenue jumps 27%, raises outlook and authorizes $250M buyback
Mobileye posted Q1 revenue of $558 million, up 27%, with adjusted EPS of $0.12 beating estimates by $0.03 and raised its 2026 revenue outlook midpoint by 2% to $1.98 billion. The company unveiled robotaxi program progress and a $250 million share buyback, fueling over 12% stock gains.
1. Q1 Financial Results
Mobileye posted first-quarter revenue of $558 million, a 27% increase over the prior year, while adjusted earnings per share reached $0.12, beating consensus by $0.03. The strong performance enabled management to raise the midpoint of its full-year 2026 revenue guidance by 2% to $1.98 billion.
2. Share Repurchase Program
The company authorized a $250 million share buyback to offset dilution from acquisitions and stock-based compensation. This decision was supported by operating cash flow of $75 million generated during the quarter.
3. Robotaxi Program Progress
Executives reported significant advancements in the robotaxi initiative, including successful field tests and expanded partner engagements. This update was a key catalyst for the stock’s more than 12% surge following the earnings release.
4. Strategic ADAS Expansion
Mobileye is accelerating its transition from base ADAS to higher-ASP Surround ADAS solutions with $100–$150 average selling prices and 70% gross margins. Management highlighted growth prospects in China and emerging markets driven by upcoming regulatory mandates and consumer demand.