Mobileye lowered its full-year 2026 revenue outlook to $1.90–1.98 billion, falling short of the $2 billion consensus and causing shares to drop roughly 5%. Executive Vice President Nimrod Nehushtan noted the cautious projection reflects industry unpredictability rather than an alarm signal.

In the fourth quarter, the company posted $446 million in revenue, surpassing the $432.3 million analysts expected. This outperformance underscored Mobileye’s ability to deliver growth in a challenging environment and provides a baseline for its 2026 performance.

High U.S. tariffs on imported vehicles and components have prompted automakers to modify supply chains and scale back production, indirectly dampening demand for Mobileye’s assisted-driving chips. Although customers incur tariff costs directly, reduced vehicle output poses a risk to future chip orders.