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Mobileye Goes All-In On Robotaxis — Can A 2027 U.S. Launch Deliver?

Mobileye N.V. reported second quarter 2026 results characterized by stable revenues and improved profitability, supported by a combination of solid core business performance and a new Israeli R&D tax credit. Revenue for the quarter remained essentially flat at $508 million compared to the same period last year, despite a 3% increase in EyeQ chip volume, outpacing the production volumes of its key top 10 customers by approximately 5 percentage points. The company attributed the modestly lower-than-expected average selling price (ASP) primarily to higher volumes from Chinese original equipment manufacturer (OEM) exports. Adjusted operating profit grew by 46% year-over-year, with adjusted operating margins expanding 10 percentage points to 31%, largely due to a recently enacted R&D credit law retroactive to the start of 2026.