The strong revenue beat and raised guidance signal improving demand and execution. Focus on Adjusted EPS ($0.12) as the Street metric; the GAAP loss is driven by a non-recurring impairment. Monitor operating cash flow trends and integration of Mentee Robotics.
Price Chart
Executive Summary
Mobileye reported Q1 2026 revenue of $558M, a 27% year-over-year increase, and raised full-year revenue guidance. Adjusted EPS of $0.12 beat consensus, driven by strong EyeQ SoC demand and operating leverage. A $3.788B goodwill impairment impacted GAAP EPS but is excluded from non-GAAP results.
Key Financial Metrics
Key Facts
- Q1 2026 revenue: $558M (+27% YoY)
- Adjusted EPS (Non-GAAP): $0.12
- GAAP EPS: $(4.68) due to $3.788B non-cash goodwill impairment
- Raised full-year 2026 revenue guidance midpoint by 2%
- Announced $250M share repurchase program
- Mentee Robotics acquisition closed, reducing cash by $591M net
Financial Impact
Revenue beat consensus by $38.5M (7.4%); raised full-year revenue guidance by 2% at midpoint. $3.788B goodwill impairment is non-cash and excluded from non-GAAP guidance.
Risk Factors
- Goodwill impairment reflects sustained low market cap and macro/geopolitical uncertainty
- Adjusted gross margin declined 300bps YoY due to higher EyeQ cost per unit
- Execution risk on robotaxi and new design wins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-047231 |
| Document: tm2612233d1_8k.htm | 0001104659-26-047231 |
| Document: 0001104659-26-047231-index-headers.html | 0001104659-26-047231 |
| Document: 0001104659-26-047231-index.html | 0001104659-26-047231 |
| Document: 0001104659-26-047231.txt | 0001104659-26-047231 |
| 8-K Data (Synthetic) | 0001104659-26-047231 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 6w ago | 8-K | $8.21 | awaiting T+60 | — | $6.80 (−17.24%) |
Sep 10, 2026 6w ago | 8-K | $8.21 | awaiting T+60 | — | $6.80 (−17.24%) |
Aug 10, 2026 11w ago | Insider Cluster | $8.87 | awaiting T+60 | — | $6.80 (−23.39%) |
Jul 23, 2026 13w ago | 8-K | $7.47 $7.43 | ▼ −0.54% | ▼ −5.09% | $6.80 (−9.04%) |
Jul 23, 2026 13w ago | 8-K | $7.47 $7.43 | ▼ −0.54% | ▼ −5.09% | $6.80 (−9.04%) |
Jun 11, 2026 19w ago | Institutional Cluster | $9.58 $8.56 | ▼ −10.65% | ▼ −15.04% | $6.80 (−29.07%) |
Apr 24, 2026 26w ago | DEFA14A | $9.23 $8.99 | ▼ −2.60% | ▼ −7.68% | $6.80 (−26.38%) |
Apr 23, 2026 26w ago | 8-K | $8.70 $8.95 | ▲ +2.87% | ▼ −2.14% | $6.80 (−21.90%) |
US Market Status
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