Mobileye Beats Q3 Revenue Forecasts with $492 Million as Shares Fall 5%
Mobileye posted Q3 2026 revenues of $492 million and earnings of 11 cents per share, beating analyst forecasts. Despite the strong results, company shares fell 5% in pre-market Wall Street trading.
Mobileye has reported its third-quarter 2026 financial results, posting revenues of $492 million, which outperformed analyst expectations of $477 million. The automotive technology company also recorded a net profit of 11 cents per share, surpassing the consensus forecast of 10 cents per share. Despite the stronger-than-expected figures, Mobileye shares dropped 5% in pre-market trading on Wall Street following the announcement.
The latest financial update comes shortly after the stock staged a slight recovery from an all-time low. When releasing its second-quarter results, company founder and CEO Prof. Amnon Shashua surprised markets by announcing his intention to step down from the chief executive role. He is expected to remain on Mobileye's board of directors, with an offer to serve as chairman, though he noted at the time that he had not yet made a final decision.
Alongside the leadership transition plans, Mobileye previously raised its full-year guidance, projecting annual revenues between $1.97 billion and $2.02 billion. The company also pointed to an expected improvement in profitability and a further reduction in its operating losses as it navigates current market conditions.
Listed on the Nasdaq under the control of parent company Intel, Mobileye currently commands a market capitalization of $6 billion. The firm continues to pioneer advanced driver-assistance systems and autonomous driving technologies.
