Mobileye (NASDAQ:MBLY) shares added almost 10% following the company’s first-quarter 2026 earnings report, which came in ahead of analyst expectations for both revenue and profit and included an upgraded full-year outlook.
The autonomous driving technology company reported adjusted earnings per share (EPS) of $0.12, surpassing the consensus estimate of $0.09.
Revenue for the quarter reached $558 million, up 27% year-over-year and ahead of expectations of approximately $519.5 million.
The company raised the midpoint of its full-year 2026 revenue guidance by 2%, citing stronger-than-expected demand and higher EyeQ chip shipments in the first quarter. Adjusted operating income guidance was also increased by 8% at the midpoint, reflecting improved operating leverage.
Mobileye CEO Amnon Shashua said the quarter reflected a “stronger than expected start to 2026,” pointing to continued demand for its advanced driver-assistance systems and progress on programs with automotive partners, including Volkswagen Group and Mahindra.
Shashua also highlighted ongoing development in robotaxi and next-generation autonomous driving technologies.
Alongside the earnings release, Mobileye announced an up to $250 million share repurchase program aimed at offsetting dilution from stock-based compensation and acquisition-related share issuance.