Overview

• Israel autonomous driving tech provider's Q1 revenue grew 27% yr/yr, beating analyst expectations

• Adjusted EPS for Q1 was $0.12, beating analyst expectations

• Company announced $250 mln share repurchase program

Outlook

• Mobileye raises 2026 revenue guidance to $1.935 bln-$2.015 bln

• Company increases 2026 adjusted operating income outlook to $185 mln-$235 mln

• Mobileye sees continued favorable demand trends supporting modest growth in 2026

Result Drivers

• EYEQ VOLUME GROWTH - Revenue rose 27% yr/yr, primarily due to a 28% increase in EyeQ SoC volumes driven by higher demand and normalization of customer safety stock levels

• OPERATING LEVERAGE - Adjusted operating margin improved to 17% from 13% as higher revenue led to lower operating expenses as a percentage of revenue

• GOODWILL IMPAIRMENT - GAAP operating loss widened due to a $3,788 mln non-cash goodwill impairment driven by lower market capitalization and increased macroeconomic and geopolitical uncertainty

Company press release: ID:nBw1zqd4Da

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$558 mln	$515.50 mln (18 Analysts)
Q1 Adjusted EPS	Beat	$0.12	$0.09 (19 Analysts)
Q1 Adjusted Gross Margin		66.00%

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the integrated hardware & software peer group is "buy"

• Wall Street's median 12-month price target for Mobileye Global Inc is $13.57, about 71.8% above its April 22 closing price of $7.90

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago

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