moneyheap
MBLY · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Mobileye Global Inc. Class A Common Stock (MBLY) stock moving?
Mobileye reported Q3 2026 revenue of $492M, above the $476.9M estimate, with adjusted EPS of $0.11 versus $0.10 expected. It narrowed full-year revenue guidance to $1.995B-$2.020B, implying 5%-7% growth, and reported $303M of operating cash flow over nine months and $1.5B in cash and investments. Despite these results, the stock closed at $6.41 on Oct 29 and fell to $5.13 by Nov 5, with an intraday low of $4.89. It then rebounded to $5.73 on Nov 6 on 19.9M shares, about twice the typical volume, and closed at $5.63 on Nov 10. Analyst activity turned negative after the report: TD Cowen downgraded to Hold, and Goldman Sachs, UBS, BNP Paribas, Barclays and JP Morgan all kept Neutral or Equal-Weight ratings while cutting targets to $6.5-$7.5. Canaccord kept a Buy with an $11 target. The current price sits below most cited targets, but the consensus tone is cautious and the main concern is Chinese automaker pricing pressure, which management expects to ease only in 2027. The Q3 results support the business, while the analyst revisions and recent price weakness weigh on the near-term outlook.
News behind the analysis
- Mobileye Reports Q3 2026 Financial ResultsMobileye beat analyst revenue and EPS expectations in Q3 2026, despite a 2% year-over-year revenue decline to $492M. Its FY2026 revenue guidance was narrowed to $1.995B-$2.020B.
- Mobileye Global Raises FY2026 Sales Guidance from $1.970B-$2.020B to $1.995B-$2.020B vs $2.005B EstThe company narrowed its full-year 2026 sales guidance upward, with the midpoint rising by $13M. The new range sits just below the $2.005B analyst estimate.
- Mobileye Global Q3 Adj. EPS $0.11 Beats $0.10 Estimate, Sales $492.000M Beat $476.901M EstimateAdjusted EPS of $0.11 and sales of $492M both beat consensus estimates for the third quarter. GAAP diluted EPS was $(0.08).
- Mobileye Sees Chinese Automaker Pricing Pressure Easing in 2027Shares fell despite the Q3 beat and raised 2026 outlook, as Chinese automaker pricing pressure weighed on sentiment. Management expects that pressure to ease in 2027.
- TD Cowen Downgrades Mobileye Global to Hold, Lowers Price Target to $7TD Cowen moved its rating from Buy to Hold and set a $7 price target. The stock fell after the downgrade.
- Goldman Sachs Maintains Neutral on Mobileye Global, Lowers Price Target to $7Goldman Sachs kept its Neutral rating and cut its price target from $8 to $7 after Q3 results.
- Canaccord Genuity Maintains Buy on Mobileye Global, Lowers Price Target to $11Canaccord kept its Buy rating but lowered its price target to $11 following the Q3 report. It remains the highest target among the covering brokers cited.
- UBS Maintains Mobileye Global at Neutral, Lowers Price Target to $7UBS kept its Neutral rating and reduced its price target from $7.50 to $7.
- Barclays Maintains Equal-Weight on Mobileye Global, Lowers Price Target to $7Barclays kept its Equal-Weight rating and lowered its price target to $7 on Nov 2, 2026. Analysts at BNP Paribas and JP Morgan also updated targets the same day, to $6.5 and $7.5 respectively.
About Mobileye Global Inc. Class A Common Stock
Mobileye, based in Israel, makes the EyeQ chips and computer-vision software that power advanced driver-assistance systems (ADAS) and self-driving technology. Its EyeQ technology has gone into more than 230 million vehicles. Intel still owns most of the company, and in 2026 it bought Mentee Robotics to move into humanoid robots.
How it makes money
Mobileye earns most of its revenue by selling EyeQ chips, often bundled with its software, to car parts suppliers and automakers for driver-assistance features. A smaller share comes from higher-end products: SuperVision and Surround ADAS systems, its REM crowdsourced mapping data, and early robotaxi and autonomous-driving programs. Its 2026 revenue guidance is about $2 billion. Under standard accounting (GAAP) it has been losing money, including a large non-cash goodwill write-down in early 2026.
What usually moves MBLY
- Global auto production volumes and EyeQ shipment growth
- Automaker design wins and adoption of advanced systems like Surround ADAS
- Competition and pricing pressure, especially from Chinese and in-house automaker chips
- Progress toward robotaxi and driverless commercialization
- Intel ownership decisions and geopolitical risk in Israel