Mobileye Q3 revenue beats estimates on higher EyeQ volumes
MBLY•Mobileye's third-quarter revenue fell 2% year over year to $492 million, beating the $476.9 million analyst estimate, while adjusted EPS of $0.11 topped the $0.10 estimate. The company raised its 2026 revenue outlook to $1.995 billion-$2.02 billion.
1. Quarterly results
Mobileye reported third-quarter revenue of $492 million, down 2% year over year but above analyst expectations of $476.9 million. Adjusted EPS was $0.11, compared with the $0.10 estimate, and adjusted gross margin was 64%.
2. Outlook and drivers
The company raised its 2026 revenue outlook to $1.995 billion-$2.02 billion from $1.97 billion-$2.02 billion and expects adjusted operating income of $380 million-$420 million. It said revenue declined mainly because a higher mix of China OEM export volumes carried less software content and lower pricing. EyeQ shipment volume rose 11% in the first nine months of 2026, and operating income included a $52 million incentive grant under Israel's R&D Law.
