EarningsQ2 2026 Earnings Report
MX:MBLY Q2 2026 EPS Results
Actual EPS$3.26
Consensus EPS$0.98
Beat/MissBeat by +$2.28
One Year Ago EPS$2.23
MX:MBLY Q2 2026 Revenue Results
Actual Revenue$8.71B
Expected Revenue$8.24B
Beat/MissBeat by +$471.21M
YoY Revenue Growth+0.40%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
MX:MBLY Upcoming Earnings
Mobileye Global, Inc. Class A's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MBLY Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial narrative: Mobileye demonstrated volume outperformance, strong profitability (adjusted operating income up 46% and margin expansion to 31%), increased full-year revenue and profit guidance, healthy first-half operating cash flow (~$210M), and tangible progress on strategic initiatives including robotaxi public testing and humanoid robotics milestones. Notable near-term negatives include modest ASP pressure from China export mix, SuperVision timing and memory cost headwinds, a Q3 revenue guide implying a YoY decline (~5%–6%), and some volatility/lag in the cash realization of an otherwise significant R&D credit. On balance the highlights — robust margins, raised guidance, cash generation, and strategic progress — outweigh the lowlights tied mainly to timing, mix and incentive recognition volatility.Company Guidance
Stable Revenue with Raised Full-Year Guidance
Q2 revenue was $508 million, essentially flat year-over-year versus Q2 2025. Full-year revenue outlook raised to $1.995 billion at midpoint, implying 4%–7% revenue growth across the range.
Volume Outperformance and EyeQ Growth
EyeQ volume increased ~3% in Q2 and outperformed production at the top 10 customers by over 8 percentage points. Full-year EyeQ unit outlook sits a bit above 39 million units (up ~1 million from prior outlook). First half volume pushed above the 2025 quarterly average (~9M) driven by China OEM export volume, higher ADAS fitment in emerging markets and higher share within certain OEMs.
Significant Margin and Profitability Improvement
Adjusted operating income was $155 million in Q2, up 46% year-over-year. Adjusted operating margin expanded ~10 percentage points to 31% in Q2; first half adjusted operating margin was 23%, up 6 points year-over-year.
Material R&D Incentive Benefit Recognized
Mobileye recognized a $93 million contra R&D expense benefit in Q2 (retroactive to beginning of 2026). The company expects $180M–$200M of R&D incentive benefit for the full year and views the credit as sustainable, materially improving non-GAAP profitability and lowering near-term effective tax rate to ~8%–10% in 2026.
Strong Operating Cash Flow and Balance Sheet Actions
Operating cash flow was approximately $210 million in the first half of 2026. Executed initial share buyback activity of ~$24 million at an average price of $9.37 with intent to continue subject to market conditions.
Progress on Advanced Programs and Robotaxi Momentum
Robotaxi program with Volkswagen/MOIA reached public rider testing in Hamburg with safety drivers. Mobileye announced plan for a fully vertically integrated robotaxi offering targeting launch in 2027 in at least one U.S. city and intends to leverage Moovit for fleet optimization and consumer engagement.
SuperVision Initial Deliveries Above Expectations
SuperVision deliveries were ~20,000 units in Q2 and a little over 40,000 in the first half versus end-market demand of ~30,000, indicating initial demand above expectations and earlier-than-expected customer inventory builds that should be consumed in H2.
Humanoid Robotics (Mentee) Progress
Mentee hardware roadmap progressing: V3.2 assembled, V3.5 due in ~1 month, and V4 targeted for Q1 2027. Company remains on track for commercial humanoid shipments in 2028 with an initial ~500-unit target and B2C-first go-to-market approach.
MX:MBLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed