Overview
- Third-quarter revenue rose 4% to $504 million, topping the roughly $481 million consensus estimate compiled by LSEG.
- Full-year revenue guidance increased to $1.85–$1.89 billion, with adjusted operating income now projected at $263–$286 million.
- EyeQ chip volumes grew about 8% and total systems shipments reached 9.2 million on recovering orders from automakers, including Chinese OEMs.
- Gross margin eased to 48% and adjusted operating margin to 15% as the average system price declined to $51.7 from $53.3 on product and geographic mix.
- Mobileye reported $1.75 billion in cash and $167 million in quarterly operating cash flow, reiterated plans to begin driverless robotaxi commercialization in 2026, and saw a modest premarket share dip.