Mobileye Global (NASDAQ:MBLY) Releases Earnings Results, Beats Expectations By $0.13 EPS

Mobileye Global (NASDAQ:MBLY) issued its earnings results on Thursday. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13, Briefing.com reports. The firm had revenue of $508.00 million for the quarter, compared to analyst estimates of $480.51 million. Mobileye Global had a positive return on equity of 0.66% and a negative net margin of 201.49%.Mobileye Global’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) earnings per share.

Here are the key takeaways from Mobileye Global’s conference call:

• Mobileye reported Q2 revenue of $508 million and said core business trends remained strong, with EyeQ volume up 3% and first-half revenue up 13% year over year despite weaker production at top customers.
• Profitability improved sharply thanks to Israel’s new R&D incentive law, with adjusted operating income up 46% year over year and adjusted operating margin expanding to 31%. Management said the benefit is sustainable and expects roughly similar support in the second half.
• Management raised full-year 2026 guidance to a midpoint of $1.995 billion in revenue and $395 million in adjusted operating income. The company also highlighted strong first-half operating cash flow of $210 million and continued share buybacks.
• Mobileye said it is expanding into vertically integrated robotaxi operations, targeting a 2027 launch in at least one U.S. city while still pursuing partnerships with Volkswagen/MOIA and others. Executives argued the move offers stronger economics and more flexibility, but it also increases execution and capital requirements.
• Amnon Shashua announced he will step down as CEO once a successor is named, and the board has formed a search committee. He said the company is entering a new phase focused on robotaxi, humanoids, and broader physical AI opportunities.

Mobileye Global Stock Up 7.8%

Shares of NASDAQ MBLY opened at $8.05 on Friday. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of -1.61 and a beta of 1.16. The company’s 50-day simple moving average is $9.36 and its 200-day simple moving average is $9.01. Mobileye Global has a 52-week low of $6.47 and a 52-week high of $15.81.

Wall Street Analysts Forecast Growth

MBLY has been the topic of a number of recent research reports. Wall Street Zen upgraded Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Berenberg Bank cut shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price objective on the stock. in a research note on Thursday, May 21st. Mizuho cut their target price on shares of Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday. Weiss Ratings raised shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group raised their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Mobileye Global has an average rating of “Hold” and an average target price of $13.27.

Mobileye Global declared that its board has authorized a share buyback program on Thursday, April 23rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

More Mobileye Global News

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Mobileye reported strong second-quarter results, with EPS of $0.19 beating estimates of $0.06 and revenue of $508 million coming in above expectations, helped by an R&D incentive grant and stronger shipments. Article Title
• Positive Sentiment: The company also raised its 2026 outlook, which signals management confidence in continued operating momentum and may help support the stock. Article Title
• Positive Sentiment: Needham reaffirmed its buy rating and maintained a $13 price target, suggesting meaningful upside from current levels. Article Title
• Neutral Sentiment: TD Cowen lowered its price target to $9 from $11.50 but kept a buy rating, indicating optimism remains despite a more cautious valuation view. Article Title
• Neutral Sentiment: JPMorgan and Mizuho both cut targets and stayed at neutral, while RBC lowered its target to $7 and kept a sector perform view, reflecting divided analyst sentiment after the earnings update. Article Title
• Negative Sentiment: Founder and CEO Amnon Shashua’s planned exit is creating uncertainty around leadership at a time when Mobileye is pushing deeper into robotaxis and robotics, increasing execution risk. Article Title
• Negative Sentiment: A Seeking Alpha commentary argued the stock’s selloff reflects concerns that the leadership transition and robotaxi strategy add risk despite the earnings beat and higher guidance. Article Title

Hedge Funds Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently made changes to their positions in MBLY. Two Sigma Investments LP increased its holdings in shares of Mobileye Global by 131.9% in the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after purchasing an additional 2,493,181 shares during the last quarter. Vanguard Group Inc. increased its position in Mobileye Global by 65.5% during the third quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock worth $43,286,000 after purchasing an additional 1,213,448 shares during the last quarter. Burkehill Global Management LP acquired a new position in Mobileye Global in the 3rd quarter valued at about $42,360,000. Dimensional Fund Advisors LP boosted its holdings in Mobileye Global by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,976,887 shares of the company’s stock valued at $31,082,000 after purchasing an additional 513,054 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of Mobileye Global by 19.4% in the 4th quarter. Primecap Management Co. CA now owns 2,644,680 shares of the company’s stock valued at $27,610,000 after buying an additional 428,880 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.