Mobileye Global Inc (MBLY) News & EventsMBLYMobileye Global Inc

Mobileye Shares Drop 16.5% to $7.33

Mobileye is down -16.5%, or -$1.45 to $7.33.

Company Reports Q2 Revenue of $508M, Exceeding Expectations

Reports Q2 revenue $508M, consensus $482.2M. "The core business continued its strong momentum in Q2 as we focus our development and execution efforts on a number of advanced product launches in late 2026 and throughout 2027," said CEO Amnon Shashua. "Our foundation is robust and highly profitable, boosted by the recently enacted R&D Law which we expect to sustainably raise the margin baseline of the business. I see tremendous opportunities ahead as we work to convert heavy R&D spending over the last several years into revenue generation from advanced consumer automotive products, self-driving-system supply, robotaxi services, and humanoid robotics."

Mobileye Founder Amnon Shashua to Step Down as CEO

Mobileye founder Amnon Shashua has informed the Board of Directors of his intention to step down as CEO upon the appointment of a successor. Mobileye's Board of Directors will hire an executive search firm and will conduct a comprehensive process to select a new CEO. Shashua will remain a director of the company, and the Board has offered Shashua the role of Chairman once a new CEO has been appointed.