Mobileye reported third-quarter 2026 revenue of $492 million, down 2% from $504 million a year earlier, while adjusted operating income increased 20% to $89 million. The autonomous driving technology company also raised the lower end of its full-year revenue forecast, citing progress across its advanced driver assistance systems (ADAS) business and autonomous mobility programs.
The results, announced on October 29, put Mobileye’s revised 2026 revenue guidance at $1.995 billion to $2.020 billion, compared with its previous range of $1.970 billion to $2.020 billion.
Profitability and Full-Year Financial Outlook
Mobileye’s GAAP gross margin increased to 53% in the third quarter from 48% a year earlier. However, adjusted gross margin declined to 64% from 67%.
The company recorded a GAAP operating loss of $82 million, an improvement of 25% from the $109 million loss in the third quarter of 2025. Its GAAP net loss narrowed to $67 million from $96 million, while GAAP diluted loss per share was $0.08.
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Adjusted diluted earnings per share increased to $0.11 from $0.09 in the year-earlier quarter.
Mobileye now expects full-year adjusted operating income of $380 million to $420 million, compared with its previous forecast of $365 million to $425 million. The updated outlook includes approximately $190 million at the midpoint from the R&D Law incentive.
Its full-year GAAP operating loss forecast remains between $4.087 billion and $4.127 billion. This includes a $3.788 billion goodwill impairment, which is excluded from adjusted operating income.
For the first nine months of 2026, EyeQ chip shipments increased 11%, while global automotive production was estimated to have declined 1%. Mobileye also reported operating cash flow of $303 million over the same period.
New ADAS Design Wins With Global Automakers
Mobileye reported additional design wins for its Cloud-Enhanced ADAS technology, which combines a front-facing camera with its Road Experience Management (REM) mapping capabilities.
The company secured programs with a top-five Asian automaker and a top-10 Japanese automaker. Stellantis also selected Mobileye for Cloud-Enhanced ADAS on certain future US vehicle models beginning in 2027, with the program subsequently expanded to European vehicle platforms.
These agreements extend Mobileye’s ADAS business beyond its existing product portfolio and provide additional opportunities across international automotive markets.
Robotaxi Testing and Autonomous Public Transport
Mobileye also reported progress in its robotaxi and autonomous public transportation activities.
Customers began public autonomous ridepooling services with safety drivers in Hamburg, Germany, while closed-user-group testing started in the greater Orlando area of Florida.
Mobileye Raises 2026 Outlook as ADAS Growth and Robotaxi Development Progress
In Norway, Holo received a permit for public deployment of autonomous mobility services. Deutsche Bahn also selected HOLON Urban, which uses Mobileye’s self-driving system, for public transport corridors across multiple regions in Germany.
Mobileye president and CEO Amnon Shashua said:
“Mobileye delivered another quarter of strong results from its ADAS products,”
Shashua also identified driver-out performance as a critical milestone for the company’s robotaxi development, highlighting the importance of advancing autonomous driving capabilities towards operations without safety drivers.