Mobileye raises annual forecast floor - but the stock falls in trading

Mobileye reported third-quarter results with revenues of $492 million, above analyst estimates, but net profit of 11 cents per share, below expectations. The company raised the floor of its annual revenue forecast to $1.995-2.02 billion, yet the stock is falling in pre-market trading.

Mobileye published its third-quarter 2026 results, with revenues of $492 million, above analyst estimates of $477 million. However, net profit stood at 11 cents per share, significantly below the forecast of 28 cents. Meanwhile, the company raised the floor of its annual revenue forecast to $1.995-2.02 billion, alongside a forecast for adjusted operating profit of $380-420 million. Despite the improved forecast, the stock is falling in pre-market trading. Mobileye is traded at a market cap of $6 billion, and its controlling shareholder is Intel. Founder and CEO Prof. Amnon Shashua announced in the previous quarter his intention to step down as CEO, but is expected to remain on the board.