Mobileye Global Inc. (NASDAQ: MBLY) delivered strong first-quarter results, with revenue from shipped automotive materials reaching $558 million, marking a 27% increase from the prior year.
The company, originally acquired by Intel in 2017 and later spun off via its 2022 IPO, posted a GAAP net loss of $4.68 per share for the quarter. Adjusted net loss stood at $0.08 per share, widening from $0.12 the previous year. These figures reflect ongoing investments in R&D amid a challenging semiconductor environment.
Revenue Drivers and Shipments
Shipments of EyeQ system-on-chip (SoC) products fueled 28% revenue growth in this core segment, underscoring steady progress in customer safety applications. The firm shipped 10.8 million units at an average price of $49.30 each during the period.
Total quarterly revenue hit $175 million, while the recent acquisition of Mentee Robotics—finalized early last month—lifted revenue recognition to $59.1 million.
2026 Guidance Boost
Looking ahead, Mobileye projects annual ADAS revenue at a midpoint of $19.35 billion for 2026, up 2% from prior estimates, with a range of $19.03 billion to $19.67 billion. Adjusted operating income for ADAS is expected to grow 8% to a midpoint of $1.085 billion, ranging from $1.035 billion to $1.135 billion.
Strategic Wins and Partnerships
Investors eye Mobileye’s robust pipeline of design wins and revenue potential. Recent deals include Mahindra for SuperVision and Surround ADAS applications. The company also advanced its robotaxi program with Volkswagen, deploying around 100 ID.Buzz vehicles across six U.S. cities for testing.
These developments highlight Mobileye’s momentum in autonomous driving technology amid industry demand.
