Mobileye Global (MBLY) opened 2026 with Q1 revenue of US$558 million and a basic EPS loss of US$4.67, while trailing twelve month figures show revenue of US$2.0 billion and a net loss of US$4.1 billion. Over the past year, the company has seen quarterly revenue move from US$438 million in Q1 2025 to US$558 million in Q1 2026, alongside basic EPS moving from a loss of US$0.13 to a much deeper loss of US$4.67. This puts the spotlight firmly on how margins are holding up against growth ambitions.

See our full analysis for Mobileye Global.

With the headline numbers on the table, the next step is to set these results against the most widely held narratives about Mobileye to see which stories the latest margins support and which ones the data starts to question.

Loss profile widens to US$3.8b over the past year

• On a trailing twelve month basis, Mobileye recorded a net loss of about US$4.1b, with Q1 2026 alone accounting for a US$3.8b loss compared with US$127 million in Q4 2025 and US$102 million in Q1 2025.
• Bears point to this pattern of growing losses, with trailing losses increasing at about 68.5% per year over five years, as a sign that the business model is still heavily weighed toward investment rather than profitability.
  • That concern lines up with the trailing twelve month basic EPS of a US$5.05 loss compared with quarterly EPS losses closer to US$0.16 or less through most of 2025.
  • Critics highlight that this loss profile sits alongside forecasts that earnings could grow 85.16% per year, which would require a sharp turn from the current run rate.

Skeptics warn that understanding how these US$3.8b and US$4.1b losses fit into the longer term bear case is crucial before leaning on recovery stories in ADAS and autonomy 🐻 Mobileye Global Bear Case.

Revenue at US$2.0b, but margins under pressure

• Over the latest twelve months, total revenue came in at US$2.0b, with quarterly sales ranging between US$438 million and US$558 million from Q1 2025 to Q1 2026 while losses remained in the hundreds of millions or higher each period.
• The consensus narrative highlights strong expected revenue growth of 17.7% per year and improving profit margins, and the current figures show that while revenue has moved from US$438 million in Q1 2025 to US$558 million in Q1 2026, net income stayed negative in every quarter.
  • Trailing twelve month revenue has moved from US$1.65b at Q4 2024 to US$2.01b at Q1 2026, but net losses over the same windows remained between roughly US$3.0b and US$4.1b.
  • This combination is important for anyone weighing the balanced view that future ADAS and robotaxi volumes could eventually lift margins on top of this revenue base.

Premium P/S multiple with DCF fair value above market price

• Mobileye trades on a P/S of 3.9x compared with 0.7x for the US Auto Components industry and 0.9x for peers, while the data also cites a DCF fair value of about US$16.47 versus the current share price of US$9.23.
• Bulls argue that forecasts of 17.7% annual revenue growth and 85.16% annual earnings growth justify paying that P/S premium, and the gap between the US$9.23 share price and the US$16.47 DCF fair value is a key part of that argument.
  • The bullish narrative leans on the idea that Mobileye could become profitable within three years, which would mark a clear shift from the current trailing twelve month loss of about US$4.1b.
  • Supporters also note that if those forecasts play out, the current valuation premium on sales might look less demanding relative to the projected earnings profile.

Bulls argue that the combination of a US$9.23 share price, a US$16.47 DCF fair value, and strong growth forecasts makes this premium worth unpacking in more detail 🐂 Mobileye Global Bull Case.

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Mobileye Global on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

If this mix of bullish and bearish angles feels split, now is the moment to look through the numbers yourself and decide what stands out. To see what is currently exciting investors about the stock, start with the 2 key rewards.

Explore Alternatives

Mobileye is working with about US$2.0b in trailing revenue but faces a widening loss profile, with a US$3.8b quarterly loss weighing on margins.

If these heavy losses and valuation questions make you cautious, it could be worth shifting some attention toward companies in the 72 resilient stocks with low risk scores that focus on steadier financial profiles and lower risk today.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.