Mobileye Global Reports Steady Q2 Revenue and Strong Profitability Growth
Mobileye Global (NASDAQ:MBLY) reported second-quarter revenue of $508 million, flat year over year but with a significant improvement in profitability. Adjusted operating income rose by 46% to $155 million, driven largely by an Israeli R&D incentive that contributed $93 million in contra expenses for the quarter. The company raised its full-year revenue and adjusted operating income guidance due to strong EyeQ chip demand and strategic shifts toward robotaxi integration. Mobileye plans a U.S. robotaxi launch in 2027, aiming to control more of the value chain while benefiting from Stellantis programs and growing China export volumes. Mobileye's CEO highlighted that its core business remains strong as it prepares for advanced product launches. The first half of 2026 showed a 13% revenue increase year over year with an adjusted operating margin expansion to 23%, reflecting improved operational efficiency.