Mobileye Global Inc - Class A

Mobileye Global delivered a notably strong first quarter of 2026, with adjusted earnings per share of $0.12 beating the $0.09 consensus estimate by 38.41% and revenue of $558.00 million topping expectations by 7.40% while climbing 27.4% year over year. The primary engine behind the beat was a 28% surge in EyeQ SoC shipment volumes, with Mobileye shipping 10.8 million systems in the quarter compared to 8.5 million a year ago, partly aided by customers rebuilding safety stock following drawdowns in the prior quarter. The headline figures were overshadowed, however, by a $3.79 billion non-cash goodwill impairment charge tied to declining market capitalization, driving a GAAP net loss of $3.82 billion for the period, even as adjusted net income rose 52% to $96.00 million and adjusted operating margin expanded to 17% from 13%. Looking ahead, management raised full-year 2026 revenue guidance to a range of $1.94 billion to $2.02 billion and lifted adjusted operating income guidance by 8% at the midpoint, signaling confidence in sustained operating leverage through the remainder of the year.