Overview
- Mobileye founder Amnon Shashua said he will resign as CEO once a successor is appointed and has been offered the role of chairman while the board will hire an executive search firm to run a comprehensive process.
- The company reported second-quarter revenue of $508 million and adjusted earnings per share of $0.19, both above analyst estimates, and narrowed its 2026 revenue range to $1.97 billion–$2.02 billion with the midpoint raised by $20 million.
- System shipments rose about 3 percent in the quarter, but average selling prices for Mobileye’s EyeQ chips fell, which the company attributed mainly to higher export volumes from lower-priced Chinese automakers that changed its revenue mix.
- Mobileye highlighted a new high-volume design win with Stellantis after the automaker contributed data to Mobileye’s REM mapping platform, and said it plans advanced product rollouts in late 2026 and through 2027.
- Shares jumped on the announcements and investors will watch the CEO search, the integration of new product launches, and how pricing pressure from Chinese export volumes may affect Mobileye’s margins and partner strategies.