Mobileye reported second quarter 2026 revenue of $508 million, relatively flat year-over-year, and an adjusted EPS of $0.19, up from $0.13 in the prior-year period. The results significantly exceeded analyst expectations, primarily due to an unexpected benefit from a new Israeli R&D law.
Key Highlights
- Revenue for the quarter came in at $508 million and adjusted EPS was $0.19, beating consensus estimates of $480.1 million and $0.05, respectively.
- Adjusted Operating Income grew 46% year-over-year to $155 million, with margins expanding from 21% to 31%. The increase was driven primarily by a $93 million (Non-GAAP) incentive grant recognized under a new Israeli R&D law.
- The company raised its full-year 2026 guidance, increasing the midpoint for Adjusted Operating Income by 88% to a new range of $365 million to $425 million, and modestly raising its revenue outlook to between $1,970 million and $2,020 million.