Mobileye reported largely stable second-quarter 2026 revenue while improving profitability, supported by higher operating income, continued progress in autonomous driving technologies and an increase in its full-year financial outlook.
Profitability Improves as Guidance Raised
The autonomous driving technology company reported second-quarter revenue of US$508 million, broadly unchanged from the same period last year.
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Adjusted operating income increased 46% year over year to US$155 million, supported primarily by a research and development incentive under Israeli law that was enacted during the quarter and applied retroactively to the beginning of 2026.
On a Generally Accepted Accounting Principles (GAAP) basis, Mobileye reduced its operating loss by 59% to US$30 million during the quarter.
The company also increased the midpoint of its 2026 revenue guidance by US$20 million, forecasting full-year revenue between US$1.97 billion and US$2.02 billion. Adjusted operating income guidance was raised to a range of US$365 million to US$425 million.
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ADAS and Robotaxi Programs Advance
During the quarter, Mobileye continued preparations for commercial robotaxi services with MOIA, Volkswagen Group’s autonomous mobility company.
MOIA began public user testing of its autonomous ride-hailing service in Hamburg, marking another step toward commercial deployment.
The company also secured a high-volume design win from Stellantis for its Cloud-Enhanced Advanced Driver-Assistance Systems (ADAS), strengthening Mobileye’s presence in the global automotive market.
In addition, Mobileye completed its US$591 million acquisition of Mentee Robotics, expanding its technology portfolio into physical artificial intelligence and humanoid robotics.
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Focus on Long-Term Growth
President and Chief Executive Officer Prof. Amnon Shashua said the company maintained positive momentum during the second quarter while preparing several advanced product launches scheduled for late 2026 and 2027.
“Q2 momentum remained strong as we prepare advanced product launches for late 2026 and 2027, with the R&D Law expected to sustainably raise the firm’s margin baseline.”
For the first half of 2026, Mobileye reported a GAAP net loss of US$3.8 billion, primarily reflecting a US$3.8 billion goodwill impairment, despite stronger operational performance during the second quarter.
The results underscore Mobileye’s continued efforts to diversify beyond its established EyeQ driver-assistance platform through investments in autonomous mobility, advanced ADAS technologies and robotics while pursuing longer-term growth opportunities.