Monitor the trajectory of average system price and China OEM mix, which are pressuring gross margins. The R&D Law incentive grant is a significant non-recurring tailwind to operating income; cash receipts begin in 2028. Watch for updates on Surround ADAS and Cloud-Enhanced ADAS production ramps that could lift ASPs.
Price Chart
Executive Summary
Mobileye Q3 2026 revenue of $492M declined 2% YoY, missing the $477M consensus. Adjusted EPS of $0.11 beat the $0.10 consensus. Full-year 2026 revenue guidance was raised $13M at the midpoint to $1,995M-$2,020M, but the revenue decline and lower adjusted gross margin (down 304bps YoY) weigh on the report.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $492M declined 2% YoY from $504M, driven by a 5% decrease in average system price due to higher China OEM mix and lower SuperVision volumes.
- GAAP diluted EPS was $(0.08) vs $(0.12) a year ago; Adjusted diluted EPS (Non-GAAP) was $0.11 vs $0.09 a year ago.
- Adjusted EPS of $0.11 beat the consensus estimate of $0.10.
- Revenue of $492M beat the consensus estimate of $477.0M.
- Full-year 2026 revenue guidance raised to $1,995M-$2,020M (midpoint $2,007.5M), up from $1,970M-$2,020M, implying 5%-7% YoY growth.
- Adjusted Operating Income guidance raised to $380M-$420M from $365M-$425M, a 1% midpoint improvement.
- Adjusted Gross Margin declined 304bps YoY to 64%, driven by lower EyeQ ASP and higher China OEM mix.
- Operating cash flow for nine months was $303M, down from $489M a year ago.
- Share repurchases totaled $33M through Q3 2026.
Financial Impact
Revenue declined 2% YoY; adjusted gross margin down 304bps; full-year guidance raised modestly by 1% at the midpoint.
Risk Factors
- Continued ASP erosion from higher China OEM export mix and lower software content per vehicle.
- R&D Law incentive grant is non-cash until 2028 and subject to future legislative changes.
- Operating cash flow declined to $303M from $489M in the prior year period.
- Goodwill impairment of $3.788B recorded in Q1 2026 remains on the balance sheet.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-119830 |
| Document: tm2628197d1_8k.htm | 0001104659-26-119830 |
| Document: 0001104659-26-119830-index-headers.html | 0001104659-26-119830 |
| Document: 0001104659-26-119830-index.html | 0001104659-26-119830 |
| Document: 0001104659-26-119830.txt | 0001104659-26-119830 |
| 8-K Data (Synthetic) | 0001104659-26-119830 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K/A | $6.42 | awaiting T+1 | awaiting T+1 | $5.96 (−7.17%) |
Oct 29, 2026 3d ago | 8-K | $6.41 $5.96 | ▲ +7.02% | ▲ +5.25% | $5.96 (+7.02%) |
Sep 10, 2026 7w ago | 8-K | $8.21 $8.25 | ▲ +0.49% | ▼ −0.37% | $5.96 (−27.41%) |
Sep 10, 2026 7w ago | 8-K | $8.21 $8.25 | ▲ +0.49% | ▼ −0.37% | $5.96 (−27.41%) |
Aug 10, 2026 11w ago | Insider Cluster | $8.87 $8.80 | ▼ −0.79% | ▼ −1.04% | $5.96 (−32.81%) |
Jul 23, 2026 14w ago | 8-K | $7.47 $8.05 | ▲ +7.76% | ▲ +7.66% | $5.96 (−20.21%) |
Jul 23, 2026 14w ago | 8-K | $7.47 $8.05 | ▲ +7.76% | ▲ +7.66% | $5.96 (−20.21%) |
Jun 11, 2026 20w ago | Institutional Cluster | $9.58 $9.34 | ▼ −2.51% | ▼ −3.05% | $5.96 (−37.79%) |
Apr 24, 2026 27w ago | DEFA14A | $9.23 $9.01 | ▼ −2.38% | ▼ −2.55% | $5.96 (−35.43%) |
Apr 23, 2026 27w ago | 8-K | $8.70 $9.23 | ▲ +6.09% | ▲ +5.31% | $5.96 (−31.49%) |
US Market Status
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