Overview
- Mobileye projected 2026 revenue of $1.90 billion to $1.98 billion, below the roughly $2.0 billion analysts anticipated.
- Fourth-quarter revenue came in at $446 million, beating the $432.3 million consensus despite a year-on-year decline of about 9%.
- System shipments dropped to 8.3 million and profitability deteriorated, with gross margin at 45% and adjusted operating margin at 9% versus 21% a year earlier.
- Management highlighted uncertain demand as automakers face U.S. tariffs on vehicles and parts, slower EV plans, tougher competition, and a shift toward lower-priced and hybrid models.
- The company reported $1.84 billion in cash and $113 million in operating cash flow, and it reiterated a longer-term focus on Physical AI, single-ECU hands-free systems, and commercial robotaxi technology.