Mobileye Q4 revenue down 9% on lower EyeQ SoC volumes

Overview

• Autonomous driving tech firm's Q4 revenue fell 9% yr/yr but beat analyst expectations

• Adjusted EPS for Q4 met analyst expectations

• Company to acquire Mentee Robotics, expanding into humanoid robotics

Outlook

• Mobileye expects full-year 2026 revenue growth of flat to 5%

• Company anticipates 19% revenue growth in Q1 2026

• Mobileye's acquisition of Mentee Robotics expected to close in Q1 2026

Result Drivers

• EYEQ SOC VOLUMES - Revenue decline in Q4 2025 attributed to an 11% reduction in EyeQ SoC volumes due to supply-demand balancing, leading to tighter inventory levels

• SURROUND ADAS PROGRAM - Secured a high-volume Surround ADAS program with a major U.S. OEM, highlighting strategic momentum

• MENTEE ROBOTICS ACQUISITION - Acquisition expected to expand Mobileye's leadership in Physical AI, integrating humanoid robotics with autonomous vehicles

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the integrated hardware & software peer group is "buy"

• Wall Street's median 12-month price target for Mobileye Global Inc is $16.00, about 47.1% above its January 21 closing price of $10.88

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release: ID:nBwMHy4ba

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