Revenue: As of FY2026 Q2, the actual value is USD 508 M, beating the estimate of USD 482.2 M.

EPS: As of FY2026 Q2, the actual value is USD -0.03, beating the estimate of USD -0.1262.

EBIT: As of FY2026 Q2, the actual value is USD -30 M.

Revenue

Mobileye Global Inc. reported revenue of $508 million for the second quarter of 2026, which was relatively flat compared to $506 million in Q2 2025. For the six months ended June 27, 2026, revenue was $1,066 million, up from $944 million for the six months ended June 28, 2025. The Q2 2026 revenue was primarily influenced by a 3% increase in volumes of systems shipped, offset by lower EyeQ Average Selling Price (ASP) due to higher China OEM export volumes.

Gross Profit and Margin (GAAP)

Gross Profit for Q2 2026 was $235 million, a 7% decrease from $252 million in Q2 2025. Gross Margin was 46% in Q2 2026, a decrease of 354 basis points from 50% in Q2 2025.

Adjusted Gross Profit and Margin (Non-GAAP)

Adjusted Gross Profit for Q2 2026 was $333 million, a 4% decrease from $347 million in Q2 2025. Adjusted Gross Margin was 66% in Q2 2026, decreasing by 303 basis points from 69% in Q2 2025. These decreases were attributed to a modest reduction in EyeQ ASP from higher China OEM volumes and a higher portion of SuperVision related revenue with lower margins due to greater hardware content.

Operating Income (Loss) and Margin (GAAP)

Operating Loss improved by 59% to - $30 million in Q2 2026, compared to - $74 million in Q2 2025. Operating Margin increased by 872 basis points to -6% in Q2 2026, from -15% in Q2 2025. For the six months ended June 27, 2026, Operating Loss was - $3,926 million, compared to - $191 million for the prior year period.

Adjusted Operating Income and Margin (Non-GAAP)

Adjusted Operating Income increased by 46% to $155 million in Q2 2026, up from $106 million in Q2 2025. Adjusted Operating Margin increased by 956 basis points to 31% in Q2 2026, from 21% in Q2 2025. The increase in operating margins was primarily due to an R&D Law incentive grant recognized this quarter, applicable to the entire first half of 2026.

Net Income (Loss) (GAAP)

Net Loss for Q2 2026 was - $21 million, an improvement of 69% compared to - $67 million in Q2 2025. For the six months ended June 27, 2026, Net Loss was - $3,839 million, compared to - $169 million for the prior year period.

Adjusted Net Income (Non-GAAP)

Adjusted Net Income was $155 million in Q2 2026, increasing by 52% from $102 million in Q2 2025.

Cash Flow

Net cash provided by operating activities for the six months ended June 27, 2026, was $210 million. Cash used in purchases of property and equipment for the same period was - $51 million. Mobileye Global Inc. held $1,443 million in cash and cash equivalents, marketable securities, and deposits as of June 27, 2026. Share repurchases totaled $24 million through the end of Q2 2026.

Goodwill Impairment

Goodwill impairment for the six months ended June 27, 2026, was $3,788 million.

Operational Metrics

Mobileye Global Inc. shipped 10.0 million systems in Q2 2026, up from 9.7 million in Q2 2025. The average system price was $48.5 in Q2 2026, down from $49.7 in Q2 2025.

Outlook / Guidance

Mobileye Global Inc. increased its full-year 2026 revenue outlook midpoint by $20 million, narrowing the range to $1,970 million - $2,020 million, implying 4%-7% year-over-year revenue growth. The company also raised the midpoint of its full-year 2026 guidance for Adjusted Operating Income (Non-GAAP) by 88% to a range of $365 million - $425 million. These revisions are primarily due to an R&D incentive grant, which contributes an estimated $197 - $217 million (GAAP) and $180 - $200 million (Non-GAAP) to the full-year outlook.