Mobileye Global Inc - Class A
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −0.24%.
Did MBLY Beat Earnings? Q4 2025 Results
Mobileye closed out Q4 2025 with a sharply mixed scorecard, delivering earnings per share of just $0.06 against a consensus estimate of $0.24, a 75% miss, even as revenue of $446 million edged 3.75% above the $429.86 million analyst target. The top-line beat offered little comfort given that revenue still fell 9% year-over-year, weighed down by an 11% reduction in EyeQ SoC volumes as Tier 1 customers tightened inventory heading into year-end. Margin pressure compounded the pain, with GAAP operating margin sinking to negative 31% and adjusted operating margin contracting sharply to 9% from 21% a year earlier, reflecting elevated operating expenses against a shrinking revenue base. Analysts have noted the company's premium valuation makes sustained unprofitability increasingly difficult to justify. Looking ahead, management guided 2026 revenue of $1.90 billion to $1.98 billion, implying flat to 5% growth and falling short of the roughly $2 billion the market had anticipated, with adjusted operating income expected between $170 million and $220 million.
- Full year 2025 revenue increased 15% year-over-year to $1,894 million
- Average System Price increased to $50.8 from $50.0 due to higher SuperVision-related revenue mix
- Q4 revenue declined 9% YoY due to 11% reduction in EyeQ SoC volumes from inventory normalization at Tier 1 customers
- Operating cash flow grew 51% year-over-year to $602 million in 2025
- Better-than-expected automotive production led to tighter-than-normal year-end inventory at customers
“I am proud of the Mobileye team for delivering 2025 results that were well above our initial expectations. We enter 2026 with strong momentum and a cash-generative business that enables us to fund continued investment in advanced product execution across our portfolio.”
Mobileye CEO, on the earnings call
Forward Guidance & Outlook
Mobileye guided full-year 2026 revenue of $1,900–$1,980 million, implying flat to 5% year-over-year growth, with approximately 19% year-over-year revenue growth expected in Q1 2026. Adjusted operating income is guided at $170–$220 million. Guidance assumes consolidation of Mentee Robotics with no revenue impact and a low-single-digit percentage increase to adjusted operating expenses. GAAP operating income guidance will be initiated at the Q1 2026 earnings call after the Mentee Robotics acquisition closes.
MBLY YoY Financials
MBLY Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.