Mobileye's third-quarter revenue dropped 2 percent to $492 million, pressured by Chinese automakers exporting vehicles with less software content. The autonomous driving chip supplier raised its full-year sales guidance midpoint by $13 million to a range of $1.995 billion to $2.02 billion, implying 5 to 7 percent growth.
EyeQ chip shipments rose to 9.5 million units, up 11 percent on a nine-month basis against an estimated 1 percent drop in global vehicle production. Average system price fell to $49.10 from $51.70, dragged down by the Chinese export mix and lower SuperVision volumes.
Operating loss narrowed by a quarter to $82 million, helped by a $51 million Israeli R&D incentive. Adjusted operating income rose 20 percent to $89m. Without the grant, adjusted operating income would have reached about half last year's $74 million. The company expects cash from this 2026 benefit only from 2028 onward.
Of the adjusted operating income forecast of $380 million to $420 million, roughly $190 million comes from the R&D grant, close to half at the midpoint. Revenue guidance assumes stronger SuperVision deliveries and passes memory costs on at zero margin.
Mobileye won Cloud-Enhanced ADAS deals with a top-five Asian automaker and a top-10 Japanese OEM. A Stellantis programme is now extended to Europe. Public ridepooling with safety drivers began in Hamburg, and Deutsche Bahn selected the Mobileye-based Holon Urban for transit corridors in several German regions. Chief Executive Amnon Shashua stated driver-out performance remains critical to scaling.