Mobileye Global (MBLY) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $492M, down ~2% YoY; adjusted operating income rose 20% to $89M, and GAAP net loss narrowed to $67M.

• 9M revenue rose 8% to $1.558B; GAAP net loss of $3.906B included a $3.788B non-cash goodwill impairment.

• EyeQ demand and SuperVision deliveries supported higher FY revenue guidance; growth plans include higher-content ADAS, robotaxi operations and robotics.

Financial highlights

• Q3 revenue was $492M versus $504M; gross profit was $261M versus $243M, and GAAP gross margin rose to 53% from 48%.

• Q3 operating loss narrowed to $82M from $109M and net loss to $67M from $96M; diluted EPS was $(0.08).

• Q3 adjusted operating income was $89M versus $74M, with an 18% margin versus 15%; adjusted net income was $95M versus $76M.

• 9M gross profit was $771M versus $702M; gross margin rose to 49% from 48%, while adjusted gross margin was 65% versus 68%.

• 9M operating cash flow was $303M versus $489M; cash, cash equivalents and restricted cash totaled $1.374B at quarter-end.

Outlook and guidance

• FY revenue guidance midpoint rose $13M to ~$2.008B, within a $1.995B–$2.02B range implying 5%–7% YoY growth.

• FY adjusted operating income midpoint rose to $400M from $395M, within a $380M–$420M range; outlook includes ~$190M from the R&D incentive.

• SuperVision delivery outlook increased to ~65,000 systems; EyeQ outlook was unchanged, with full-year shipments expected to grow ~10% at the midpoint.

• Q4 midpoint implies $450M revenue and ~$60M adjusted operating income; EyeQ orders indicate 8.8M–8.9M units versus 9.5M in Q3.

• FY2026 capital expenditures are expected to exceed FY2025 levels; R&D spending is expected to rise in dollars but decline as a share of revenue.