Shares of Mobileye Global (MBLY) fell about 6% premarket on Thursday after the company’s full year 2026 revenue guidance came below analysts’ expectations.
Outlook
The Israeli company — which develops autonomous driving technology and advanced driver assistance systems — expects full year 2026 revenue to be between $1.9B and $1.98B (midpoint at $1.94B) versus a consensus revenue estimate of $2B.
The company said full-year 2026 financial guidance implies flat to 5% year-over-year revenue growth, including about 19% year-over-year revenue growth expected in the first quarter of 2026.
Mobileye said it expects 2026 adjusted operating income in the range of $170M to $220M.
Q4 Metrics
The company’s fourth quarter 2025 revenue declined 9% year over year to $446M but surpassed analysts expectations. Meanwhile, adjusted EPS of $0.06 fell 58% year over year but was in-line with estimates.
Mobileye said the revenue declined mainly due to an 11% reduction in EyeQ SoC volumes. This was primarily related to a balancing of supply and demand that resulted in tighter-than-normal inventory levels at its Tier 1 customers exiting 2025, according to the company.
“I am proud of the Mobileye team for delivering 2025 results that were well above our initial expectations. We enter 2026 with strong momentum and a cash-generative business that enables us to fund continued investment in advanced product execution across our portfolio,” said Mobileye’s President and CEO Amnon Shashua.
Intel (INTC) owns a stake in Mobileye.