Quarterly ResultApr 23, 2026, 07:26 AM
Mobileye Q1 Revenue Jumps 27% to $558M; Announces $250M Buyback
AI Summary
Mobileye Global Inc. reported strong first-quarter 2026 financial results, with revenue increasing 27% year-over-year to $558 million. The company also raised the midpoint of its full-year 2026 revenue guidance by 2% due to better-than-expected demand. Additionally, Mobileye announced a new $250 million share repurchase program, signaling confidence in its financial position and future prospects. While GAAP diluted EPS was $(4.68) due to a goodwill impairment, adjusted diluted EPS was $0.12.
Key Highlights
- Q1 2026 revenue: $558 million, up 27% year-over-year.
- Full-year 2026 revenue guidance midpoint raised by 2%.
- Announced $250 million share repurchase program.
- Adjusted Diluted EPS (Non-GAAP) was $0.12.
- GAAP Diluted EPS was $(4.68) due to goodwill impairment.