Mobileye raises full-year 2026 revenue outlook to $1.97 bln-$2.02 bln from $1.935 bln-$2.015 bln
Result drivers
VOLUME/PRICING MIX - Revenue was flat as a 3% increase in systems shipped was offset by lower average selling prices, mainly due to higher China OEM export volumes
MARGIN PRESSURE - Gross margin declined due to lower EyeQ ASPs from China OEM volumes and a higher share of lower-margin SuperVision revenue
R&D INCENTIVE IMPACT - Operating income and adjusted operating income improved, primarily due to the R&D Law incentive grant recognized in Q2, which offset R&D expenses
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 16 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the integrated hardware & software peer group is "buy"
Wall Street's median 12-month price target for Mobileye Global Inc is $11.50, about 31% above its July 22 closing price of $8.78
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 24 three months ago
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