Mobileye Global, listed on Nasdaq under MBLY, reported its fiscal third quarter ended 26 September 2026 on 29 October. Revenue came in at USD 492 million, down 2 per cent year on year. Operating loss narrowed 25 per cent year on year and adjusted operating profit rose 20 per cent. GAAP diluted earnings per share were minus USD 0.08 and adjusted diluted earnings per share were USD 0.11.
Revenue fell, volumes did not
President and chief executive Amnon Shashua attributes growth to two sources: more vehicles carrying ADAS, and rising content value per vehicle. The volume line supports him. EyeQ chip shipments rose 11 per cent in the first nine months of 2026, while global vehicle production is estimated to have fallen about 1 per cent over the same period.
The customer concentration tells the same story. Mobileye expects chip shipments to its top ten customers to grow 7 per cent in 2026, even though those customers are expected to build 5 per cent fewer vehicles in total. Shipments are outpacing vehicle output, which means the fitment rate is still climbing. That is the base of the business.
Guidance moved with it. The company raised the midpoint of its full-year 2026 revenue outlook by USD 13 million, narrowing the range to USD 1.995 billion to USD 2.02 billion, implying growth of 5 to 7 per cent year on year.
Where the next contracts are
The confidence behind the raised guidance comes from fitment rates and from high-value programme wins. Mobileye added two cloud-enhanced ADAS design wins in the quarter, one with a global top-five carmaker in Asia and one with a Japanese carmaker in the global top ten. Both programmes include a front camera and Road Experience Management, the company’s crowd-sourced mapping layer, to support high-volume L2+ systems.
Mobileye has also disclosed that it will supply cloud-enhanced ADAS to Stellantis from 2027. On robotaxis, it has started a public ride-pooling service with a safety driver in Hamburg, is running closed testing in Orlando, and has been approved for public deployment in Norway.
One adjacent holding is worth noting. Mentee Robotics, a humanoid company Mobileye has invested in, has had its MenteeBot recognised by Nvidia and is developing physical AI capability on the Isaac platform. The compute and perception stack built for cars is being positioned as reusable outside them.
The strategic read is straightforward. A supplier whose unit volume grows while its host market stalls has a different risk profile from a supplier leveraged to vehicle demand. Content per vehicle is the lever, and ADAS content is still rising even where car sales are not.
Editor’s note: This is an adapted translation of the original Gasgoo report. It has been trimmed and restructured for readability for an international business audience. The full original (in Chinese) is at https://auto.gasgoo.com/news/202610/30I70476425C601.shtml.