Mobileye Global Inc. (NYSE:MBLY) reported second-quarter revenue of $506 million, marking a 15% increase year-over-year but missing analyst projections of $629.27 million. The autonomous driving technology company posted adjusted earnings per share of $0.13, below the expected $0.19 consensus.
Despite the earnings miss, Mobileye’s shares climbed 6.2% after the announcement, as investors appeared to focus on the company’s solid revenue growth. This growth was largely fueled by a 28% rise in EyeQ chip volumes, driven by stronger customer demand and inventory normalization among Tier 1 clients.
“The business performed very well in Q2, both on the revenue growth and cost management side,” said Mobileye President and CEO Prof. Amnon Shashua. “Stronger visibility on industry supply-demand alignment since late-April supports our decision to raise the full-year outlook, while we continue to maintain a conservative stance given the broader macro environment.”
The company upgraded its full-year 2025 revenue forecast to a range of $1.765 billion to $1.885 billion, up from the prior guidance of $1.69 billion to $1.81 billion, indicating a 7-14% increase year-over-year. The midpoint of this revised outlook aligns closely with analyst expectations of $1.791 billion.
Mobileye’s adjusted operating income rose 34% to $106 million, with the adjusted operating margin expanding nearly three percentage points to 21%. As of June 28, 2025, the company reported a strong balance sheet with $1.7 billion in cash and no debt.
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