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Mobileye Goes All-In on Robotaxis — Can Its 100-Vehicle Fleet Reshape Autonomous Driving?

Mobileye Global Inc. reported third-quarter 2026 results reflecting mixed dynamics amid an evolving automotive and autonomous driving market. Total revenue decreased slightly by approximately 2% year-over-year to $492 million, driven in part by a higher portion of shipments to Chinese OEMs, which carry lower software content and thus reduce average selling prices (ASP). Despite this revenue decline, shipment volumes for the EyeQ system grew 3%, reaching the higher end of guidance at 9.5 million units, with full-year EyeQ shipment growth projected at about 10%. The company noted that EyeQ demand outpaced OEM production, supported by Chinese manufacturers’ expansion into emerging markets such as Latin America, South Asia, and Eastern Europe. Emerging markets and rising Advanced Driver-Assistance Systems (ADAS) penetration remain key growth drivers, alongside expanding ADAS content per vehicle. Adjusted operating income rose 20% year-over-year to $89 million, with an adjusted operating margin of 18%, up three percentage points.