Mobileye revenue holds steady at $508 million

• 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.