Mobileye revenue holds steady at $508 million
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- Mobileye reported second-quarter revenue of $508 million, compared with $506 million one year earlier.
- Mobileye shares were down 2.2% at $8.78 in premarket trading following the results.
- The company raised its revenue and adjusted operating-income forecasts following a new Israeli research incentive.
Mobileye Global (NASDAQ:MBLY) reported second-quarter revenue of $508 million as higher system shipments offset lower average selling prices.
Revenue was nearly unchanged from $506 million, while adjusted diluted EPS increased from $0.13 to $0.19.
Mobileye recognized a $110 million GAAP research incentive, helping adjusted operating income increase 46% to $155 million.
Following the announcement, Mobileye's share price was down 2.2% at $8.78 in premarket trading.
Mobileye generated $210 million in first-half operating cash flow and ended June with approximately $1.4 billion in available funds.
Mobileye raised 2026 revenue guidance to $1.97 billion–$2.02 billion and adjusted operating-income guidance to $365 million–$425 million.
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