Mobileye Narrows Full-Year Revenue Guidance Range
The chipmaker reported fiscal third-quarter revenue of $492 million, down 2% year-on-year, while raising its full-year guidance midpoint.
Updated on Nov. 3, 2026 in Corporate Finance
Mobileye released fiscal third-quarter 2026 results on October 29, 2026, reporting revenue of $492 million, down 2% from a year earlier. The company narrowed its full-year fiscal 2026 revenue range to $1.995 billion to $2.02 billion.
Why it matters
Growth in EyeQ chip shipments outpaced an estimated roughly 1% decline in global vehicle production, driven by higher adoption of advanced driver-assistance systems and design wins for high-value programs. The results signal that demand for ADAS chips is holding up despite a softer overall auto market.
Operating loss narrowed 25% and adjusted operating profit rose 20%, while GAAP diluted EPS was -$0.08 and adjusted diluted EPS was $0.11. The company raised the midpoint of its full-year revenue guidance by $13 million.
The players
Mobileye
Mobileye is an Israeli developer of advanced driver-assistance and autonomous driving technology, known for its EyeQ vision chips used widely across the automotive industry.
Stellantis
Stellantis is a multinational automotive manufacturer formed by the merger of Fiat Chrysler Automobiles and PSA Group, selling a range of brands worldwide.
The details
Mobileye secured cloud-enhanced ADAS design wins from a top-five Asian automaker and a top-ten Japanese automaker. The company also said it will begin supplying cloud-enhanced ADAS to Stellantis in 2027.
Timeline
September 26, 2026: Fiscal third-quarter 2026 reporting period ended.
October 29, 2026: Mobileye released fiscal third-quarter 2026 financial results.
2027: Planned start of cloud-enhanced ADAS supply to Stellantis.
Market Dynamics
Growth in EyeQ shipments, up 11% in the first nine months of 2026, runs against a roughly 1% fall in global vehicle production, pointing to rising ADAS content per vehicle. That gap is central to how the company is positioning itself in a shifting automotive chip market.
Investors tracking Mobileye should note that the narrowed revenue range implies annual growth of 5% to 7%, a more defined baseline for valuing the stock. The GAAP loss per share still shows the company is not yet profitable on a standard accounting basis.
The takeaway
Watch the gap between chip shipment growth and vehicle production, since sustained outperformance would confirm rising ADAS adoption is driving Mobileye's results. Compare future quarterly guidance changes against that trend to judge whether the raised midpoint holds.
What happens next
Mobileye will begin supplying cloud-enhanced ADAS to Stellantis in 2027, a scheduled milestone that will show whether the design win converts to revenue.
Further reading
For more on how companies report and guide their earnings, see Corporate Finance.
Source note: This article includes information reported by Gasgoo.
