Mobileye reported a $21 million net loss on $508 million of revenue for the quarter to Jun 27, 2026

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Mobileye, which develops driver-assistance and autonomous-driving technology, reported revenue of $508 million for the quarter ended Jun 27, 2026, against $506 million a year earlier. Its operating loss was $30 million, against $74 million, its net loss $21 million, against $67 million, and its diluted loss per share $0.03, against $0.08. The figures come from its Form 10-Q, the quarterly report a US-listed company files, filed Jul 23, 2026.1^,2^,3^,4^,5^,6^,7^,8^,9^,10

Mobileye said the operating loss narrowed mainly because of an incentive grant under an Israeli research and development law, recognized in the quarter for the whole first half of 2026, partly offset by higher share-based compensation. Research and development expenses, net, fell $75 million, or 27%, from a year earlier, which the company put mainly down to a $110 million grant. The company's earnings release said the amounts of the grant attributable to Q1 and Q2 were roughly equivalent. The law, enacted on Mar 29, 2026, creates a refundable tax credit for qualifying research spending in Israel.11^,12^,13^,14

Revenue rose $2 million from a year earlier. SuperVision revenue rose $15 million on an 81% increase in volume, while revenue from EyeQ chips fell $10 million, mostly because of higher sales to Chinese vehicle makers at lower prices. Gross margin fell to 46% from 50%, which the company tied to a modest reduction in EyeQ prices and a larger share of SuperVision revenue, which carries more hardware and a lower margin. Mobileye's own adjusted operating income, a non-GAAP measure, meaning one outside US accounting rules, that leaves out items including amortization of acquired intangibles and share-based compensation, was $155 million, against $106 million a year earlier. The company said the $49 million rise in that measure came mainly from the same R&D grant.15^,16^,17^,18^,19^,20

In the first quarter of 2026 Mobileye recorded a non-cash goodwill impairment of $3,788 million, so the second quarter carries none and the six months show an operating loss of $3,926 million, against $191 million a year earlier. The notes say the test of the Mobileye reporting unit was prompted by a 35% fall in the price of its Class A shares, and that the discount rate it used rose because of higher risk premiums, including heightened geopolitical risk in the Middle East.21^,22^,23^,24^,25^,26

On Feb 3, 2026 Mobileye completed its acquisition of Mentee Robotics, a humanoid robotics company, and the six-month cash flow includes $591 million of net cash paid for it. The notes treat the purchase as a related-party transaction: they describe Amnon Shashua, Mobileye's president and chief executive, as chairman, co-founder and a significant shareholder of Mentee Robotics, and say he recused himself from the board's consideration. In a separate 8-K filed the same day, Mobileye said Shashua had told its board on Jul 18, 2026 that he intended to step down as president and chief executive once a successor was appointed.27^,28^,29^,30^,31

Our records hold the text of the 10-Q's management discussion and notes, not its other exhibits, and they hold one value for each period, so they cannot tell whether the year-earlier figures were restated.32^,33