Mobileye Global Inc. (MBLY) reported second-quarter 2026 adjusted earnings of 19 cents per share, exceeding the Zacks Consensus Estimate of 6 cents by 216.7%. The company’s revenues reached $508 million, surpassing the consensus estimate of $484 million by 5%, and marking a modest year-over-year increase of 0.4%. The number of systems shipped rose to 10 million, a 3% increase compared to the previous year.
Average system pricing fell to $48.50 from $49.70, driven by competitive pressures from Chinese automakers. Even though gross profit declined 7% to $235 million, adjusted operating income surged 46% to $155 million, reflecting the benefits of a new Israeli R&D incentive grant. Mobileye now projects 2026 revenues between $1.97 billion and $2.02 billion, an increase from the prior forecast of $1.94 billion to $2.02 billion, along with an expected adjusted operating income of $365 million to $425 million.
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