Mobileye shares are set to fall after the Israeli autonomous-driving technology company reported third-quarter results that beat Wall Street estimates but offered little evidence of a meaningful recovery in growth. The decline would bring its market capitalization to approximately $5.5 billion, a new all-time low.<\/p>\n
Revenue fell 2.4% year on year to $492 million, beating analysts\u2019 consensus estimate of $476.8 million. Adjusted earnings came in at 11 cents per share, in line with expectations, while adjusted operating income reached $89 million, ahead of the $77.5 million analysts had forecast.<\/p>\n
The company raised its full-year revenue forecast slightly, to approximately $2.01 billion from $2 billion previously. The update leaves its outlook broadly unchanged and does little to address concerns about slowing demand. Revenue grew at an annualized rate of 8% over the past five years, but that pace slowed to 5.5% over the past two years. Analysts expect revenue to increase just 2.7% over the next 12 months.<\/p>\n
Mobileye CEO Amnon Shashua pointed to stronger demand for the company\u2019s driver-assistance technology. EyeQ chip shipments rose 11% in the first nine months of 2026 compared with the same period last year, while global automotive production declined an estimated 1%.<\/p>\n
\u201cMobileye delivered another quarter of strong results from its ADAS products,\u201d Shashua said, referring to advanced driver-assistance systems.<\/p>\n
He also highlighted new design wins for Surround ADAS and Cloud-Enhanced ADAS, which could increase the amount of technology Mobileye supplies in each vehicle. The company is also pursuing robotaxi opportunities, although Shashua said achieving driver-out performance remains a critical milestone.<\/p>\n
Those longer-term opportunities have yet to translate into a clear rebound in revenue. Mobileye is seeking to expand beyond its traditional role supplying chips and self-driving systems, but its latest results show that sales are still declining and its full-year forecast has barely changed.<\/p>\n
Profitability remains another challenge. Mobileye reported a negative operating margin of 16.7% in the third quarter, an improvement from negative 21.6% a year earlier. Adjusted earnings per share rose to 11 cents from 9 cents in the same quarter last year, but analysts expect full-year adjusted earnings per share to decline from $0.48 to $0.45 over the next 12 months.<\/p>\n
The expected share-price drop would extend a prolonged decline in Mobileye\u2019s market value. Intel paid $15.3 billion for Mobileye in 2017. Mobileye returned to the public markets in 2022 at a valuation of approximately $16.7 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Mobileye shares are set to fall after the Israeli autonomous-driving technology company reported third-quarter results that beat Wall…\n","protected":false},"author":2,"featured_media":660742,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-660741","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/660741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=660741"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/660741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/660742"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=660741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=660741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=660741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}