Form 8-K

8-K — Mobileye Global Inc.

Accession: 0001104659-26-086062

Filed: 2026-07-23

Period: 2026-07-23

CIK: 0001910139

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — tm2612233d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2612233d1_ex99-1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: tm2612233d1_8k.htm · Sequence: 1

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0001910139

2026-07-23

iso4217:USD

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

July 23, 2026

Mobileye Global Inc.

(Exact Name of the Registrant as Specified in Charter)

Delaware

001-41541

88-0666433

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

c/o Mobileye B.V.

Har Hotzvim, 1 Shlomo Momo HaLevi Street

Jerusalem, Israel

(Address of Principal Executive Offices)

9777015

(Zip Code)

Registrant’s telephone number, including

area code: +972-2-541-7333

Not Applicable

(Former Name or Former Address, if Changed Since

Last Report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant

to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to

Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications

pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications

pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading symbol(s)

Name of exchange on which

registered

Class A common stock, $0.01 par value

MBLY

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities

Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ¨

Item 2.02.   Results of Operations and Financial

Condition.

On July 23, 2026 Mobileye Global Inc. issued a

press release announcing its financial results for the quarter ended June 27, 2026. A copy of the press release is furnished as Exhibit

99.1 to this Current Report on Form 8-K.

The information contained in this Current Report

on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes

of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed incorporated

by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific

reference in such filing.

Item 9.01.   Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1

Press release issued by Mobileye Global Inc. on July 23, 2026

104

Cover Page Interactive Data File (embedded within the inline XBRL

document)

SIGNATURE

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MOBILEYE GLOBAL INC.

By:

/s/ Moran Shemesh Rojansky

Name:

Moran Shemesh Rojansky

Title:

Chief Financial Officer

Date: July 23, 2026

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2612233d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

Mobileye Releases

Second Quarter 2026 Results, Updates Guidance, and Provides Business Overview

· Revenue

of $508 million in the

second quarter was relatively flat compared to Q2 2025. Operating

Loss and Adjusted Operating Income in Q2 2026 improved by 59% and

46% respectively, compared to Q2 2025.

· Diluted

EPS (GAAP) was $(0.03) and Adjusted Diluted EPS (Non-GAAP) was $0.19 in the second

quarter of 2026.

· Full-year

2026 revenue outlook, at the midpoint, is increased by $20

million. Range narrowed to $1,970 million

- $2,020 million, implying 4% -

7% year-over-year revenue growth.

· We

are raising the midpoint of our full-year 2026 guidance for Adjusted Operating Income (Non-GAAP)

and decreasing the midpoint for Operating Loss (GAAP) by 88%

and 4%, respectively. The positive revisions are primarily

related to an R&D incentive grant recognized under the Israeli

Law for the Encouragement and Incentivization of Research and Development 2026 (“R&D

Law”) which was enacted during the second quarter and applies from the beginning of

2026. Accordingly, the R&D incentive grant recognized

this quarter was recognized for the entire first half of 2026.

· Generated

net cash from operating activities of $210 million

in the six months ended June 27, 2026. Our balance

sheet is strong with $1.4 billion of cash and cash equivalents,

marketable securities and deposits.

JERUSALEM

– July 23, 2026 – Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today released its financial results

for the three months ended June 27, 2026.

“The core

business continued its strong momentum in Q2 as we focus our development and execution efforts on a number of advanced product launches

in late 2026 and throughout 2027,” said Mobileye President and CEO Prof. Amnon Shashua. “Our foundation is robust and highly

profitable, boosted by the recently enacted R&D Law which we expect to sustainably raise the margin baseline of the business. I see tremendous

opportunities ahead as we work to convert heavy R&D spending over the last several years into revenue generation from advanced consumer

automotive products, self-driving-system supply, robotaxi services, and humanoid robotics.”

Second Quarter 2026 Business Highlights

· Preparations

for commercial robotaxi services with the Volkswagen Group company MOIA continued on-track throughout

the quarter. MOIA just recently began public user testing in Hamburg, Germany with safety

drivers in vehicles equipped with Mobileye’s self-driving-system.

· Our previously

announced expansion into vertically-integrated commercial mobility as a service gained momentum

in recent weeks. We are engaged with potential vendors for vehicle platform supply, self-driving-system

installation and upfit, and fleet logistics support. We have accelerated Moovit’s execution

of customer-facing app, fleet optimization, and rider engagement applications. We believe

these efforts significantly expand our potential to scale robotaxi commercialization through

multiple channels, including MOIA and Holon, our own service, and third-party demand generation platforms.

· We see continued

traction in automaker demand for next-generation, high-volume ADAS systems, including expanded

safety features and hands-free highway driving, in a cost-efficient package. In addition

to multiple previously announced Surround ADAS design wins we added a high-volume Cloud-Enhanced

ADAS design win with Stellantis this quarter. Gross profit per unit for this program is roughly

equivalent to Surround ADAS and more than double our current average base ADAS profitability.

· Enactment

of the R&D Law mentioned above occurred during Mobileye’s second quarter and applies from the beginning of 2026. We recognized approximately $110 million (GAAP)

and $93 million (Non-GAAP) as an offset to Q2 R&D expenses (amounts attributable to Q1

and Q2 were roughly equivalent). For the full-year, we have incorporated $197 - $217 million

(GAAP) and $180 - $200 million (Non-GAAP) into our full-year 2026 outlook. The R&D Law

has no scheduled expiration date and was enacted in connection with Israel’s implementation

of the OECD Pillar Two global minimum tax rules to offset the resulting higher tax burden,

preserve Israel’s attractiveness for R&D investment and encourage continued R&D

activity.

Second Quarter 2026 Financial Summary

and Key Highlights (Unaudited)

GAAP

U.S. dollars in millions

Q2 2026

Q2 2025

% Y/Y

Revenue

$ 508

$ 506

— %

Gross Profit

$ 235

$ 252

(7 )%

Gross Margin

46 %

50 %

(354 )bps

Operating Income (Loss)

$ (30 )

$ (74 )

59 %

Operating Margin

(6 )%

(15 )%

+872 bps

Net Income (Loss)

$ (21 )

$ (67 )

69 %

EPS - Basic

$ (0.03 )

$ (0.08 )

69 %

EPS - Diluted

$ (0.03 )

$ (0.08 )

69 %

Non-GAAP

U.S. dollars in millions

Q2 2026

Q2 2025

% Y/Y

Revenue

$ 508

$ 506

— %

Adjusted Gross Profit

$ 333

$ 347

(4 )%

Adjusted Gross Margin

66 %

69 %

(303 )bps

Adjusted Operating Income

$ 155

$ 106

46 %

Adjusted Operating Margin

31 %

21 %

+956bps

Adjusted Net Income

$ 155

$ 102

52 %

Adjusted EPS - Basic

$ 0.19

$ 0.13

51 %

Adjusted EPS - Diluted

$ 0.19

$ 0.13

50 %

· Revenue of

$508 million is relatively flat compared to the second quarter of 2025, primarily

due to a 3% increase in volumes of systems shipped coming

from higher customer demand, offset by lower EyeQ ASP mainly attributable to higher-than-expected

China OEM export volumes.

· Gross

Margin as well as Adjusted Gross Margin decreased in

the second quarter of 2026 as

compared to the prior year period. This was due to a modest reduction in EyeQ ASP mainly

attributable to higher China OEM volumes which carry lower ASP and a higher portion of SuperVision

related revenue with lower margin given the greater hardware content included.

· Operating

Margin as well as Adjusted Operating Margin increased

in the second quarter of 2026 as compared to the prior year

period. The increase was

primarily due to the R&D Law incentive grant recognized this quarter for the entire first

half of 2026.

· Operating

cash flow for the six months ended June 27, 2026 was $210 million. Cash used in purchases

of property and equipment was $51 million for that same period. Share repurchases totaled

$24 million through the end of Q2 2026, and exclusively occurred during the period after

the program was announced on April 23, 2026.

Updated Financial Guidance for the

2026 Fiscal Year

Updated Guidance

Full Year 2026

Previous Guidance

Full Year 2026

U.S. dollars in millions

Low

High

Range

Revenue

1,970

2,020

$1,935 - 2,015

Operating Loss

(4,154

)

(4,094

)

$(4,331) - (4,281)

Amortization of acquired intangible assets

346

Share-based compensation expense

396

376

R&D Law incentive grant related

to ordinary income from sold RSUs1

(17

)

(17

)

—

Acquisition related expenses

Goodwill impairment

3,788

Adjusted Operating Income

365

425

$185 - 235

Our updated

revenue guidance is increased by 1% at the midpoint, with a narrowed range, compared to the prior guidance. The increase is

primarily attributable to higher-than-expected revenue in the second quarter of 2026. Our updated guidance also reflects a decrease

in Operating Loss (GAAP) and an increase in Adjusted Operating Income (Non-GAAP), at the midpoint, of 4% and 88%, respectively. Both

changes are primarily attributable to the expected impact of the R&D Law described above, which was enacted in the second

quarter of 2026 but applies from the beginning of 2026. The foregoing reflects Mobileye’s updated expectations for Revenue, Operating Loss and Adjusted Operating

Income results for the full year 2026.

believe Adjusted Operating Income (a non-GAAP metric) is an appropriate metric as it excludes significant non-cash or non-recurring items including:

1) Amortization charges related to intangible assets consisting of developed technology, customer relationships and brands, and developed

IP as a result of Intel’s acquisition of Mobileye in 2017 and the acquisition of Mentee Robotics in 2026; 2) Share-based compensation

expense; 3) the R&D Law incentive grant related to ordinary income from sold RSUs 4)

Goodwill impairment; and 5) acquisition-related expenses. These statements represent forward-looking information and may not represent

a financial outlook, and actual results may vary. Please see the risks and assumptions referred to in the Forward-Looking Statements

section of this release.

1The

R&D Law incentive grant related to ordinary income from sold RSUs cannot be estimated precisely because it depends on the actual

sale of the shares of common stock issued upon the conversion of RSUs. Accordingly, the 2026 outlook includes this component only

for the first half of 2026.

Earnings Conference Call Webcast

Information

Mobileye

will host a conference call today, July 23, 2026, at 8:00am ET (3:00pm IT) to

review its results and provide a general business update. The conference call will be accessible live via a webcast on Mobileye’s

investor relations site, which can be found at ir.mobileye.com, and a replay of the webcast

will be made available shortly after the event’s conclusion.

Non-GAAP Financial Measures

This press

release contains Adjusted Gross Profit and Margin, Adjusted Operating Income and Margin, Adjusted Net Income and Adjusted EPS, which

are financial measures not presented in accordance with GAAP. We define Adjusted Gross Profit as gross profit presented in

accordance with GAAP, excluding amortization of acquisition related intangibles and share-based compensation expense. Adjusted Gross

Margin is calculated as Adjusted Gross Profit divided by total revenue. We define Adjusted Operating Income (Loss) as operating loss

presented in accordance with GAAP, adjusted to exclude amortization of acquisition related intangibles, share-based compensation

expenses, the R&D Law incentive grant related to ordinary income from sold RSUs, acquisition-related expenses and impairment of

goodwill. Operating Margin is calculated as operating income (loss) divided by total revenue, and Adjusted Operating Margin is

calculated as Adjusted Operating Income divided by total revenue. We define Adjusted Net Income as net loss presented in accordance

with GAAP, adjusted to exclude amortization of acquisition related intangibles, share-based compensation expenses, the R&D

Law incentive grant related to ordinary income from sold RSUs, acquisition-related expenses, impairment of goodwill and the related

income tax effects. Income tax effects have been calculated using the applicable statutory tax rate for each adjustment taking into

consideration the associated valuation allowance impacts. The adjustment for income tax effects consists primarily of the deferred

tax impact of the amortization of acquired intangible assets. Adjusted Basic EPS is calculated by dividing Adjusted Net Income for

the period by the weighted-average number of common shares outstanding during the period. Adjusted Diluted EPS is calculated by

dividing Adjusted Net Income (Loss) by the weighted-average number of common shares outstanding during the period, while giving

effect to all potentially dilutive common shares to the extent they are dilutive.

We use such non-GAAP

financial measures to make strategic decisions, establish business plans and forecasts, identify trends affecting our business, and evaluate

performance. For example, we use these non-GAAP financial measures to assess our pricing and sourcing strategy, in the preparation of

our annual operating budget, and as a measure of our operating performance. We believe that these non-GAAP financial measures, when taken

collectively, may be helpful to investors because they allow for greater transparency into what measures our management uses in operating

our business and measuring our performance, and enable comparison of financial trends and results between periods where items may vary

independent of business performance. The non-GAAP financial measures are presented for supplemental informational purposes only, should

not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled

non-GAAP measures used by other companies. A reconciliation is provided below for each non-GAAP financial measure to the most directly

comparable financial measure presented in accordance with GAAP. Investors are encouraged to review the related GAAP financial measures

and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures.

About Mobileye Global Inc.

Mobileye (Nasdaq:

MBLY) leads the mobility revolution with our autonomous driving and driver-assistance technologies, harnessing world-renowned expertise

in artificial intelligence, computer vision and integrated software and hardware. Since our founding in 1999, Mobileye has enabled the

global adoption of advanced driver-assistance systems that save countless lives and reduce crashes, while pioneering groundbreaking technologies

such as REM™ crowdsourced road intelligence, Imaging Radar and Compound AI. These technologies drive the ADAS and AV fields

towards the future of mobility – enabling self-driving vehicles and mobility solutions at scale, and powering industry-leading

ADAS products. To date, more than 250 million vehicles worldwide have been built with Mobileye’s EyeQ technology inside. In 2026,

Mobileye acquired Mentee Robotics to pursue the future of physical AI and humanoid robots. Since 2022, Mobileye has been listed independently

from Intel (Nasdaq: INTC), which retains majority ownership. For more information, visit https://www.mobileye.com.

“Mobileye,”

the Mobileye logo and Mobileye product names are registered trademarks of Mobileye Global. All other marks are the property of their

respective owners.

Forward-Looking Statements

Mobileye’s

business outlook, guidance and other statements in this release that are not statements of historical fact, including statements about

our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information

concerning possible or assumed future results of operations, including Mobileye’s 2026 full-year

guidance, projected future revenue and descriptions of our business plan and strategies. These statements often include words such as

“anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,”

“estimates,” “targets,” “projects,” “should,” “could,” “would,”

“may,” “will,” “forecast,” or the negative of these terms, and other similar expressions, although

not all forward-looking statements contain these words. We base these forward-looking statements or projections, including Mobileye’s

full-year guidance, on our current expectations, plans and assumptions that we have made in light of our experience in the industry,

as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate

under the circumstances and at such time. You should understand that these statements are not guarantees of performance or results. The

forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions and you should not place undue

reliance on these forward-looking statements or projections. Although we believe that these forward-looking statements and projections

are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our actual financial

results or results of operations and could cause actual results to differ materially from those expressed

in the forward-looking statements and projections.

Important

factors that may materially affect such forward-looking statements and projections include the following: further deterioration of macroeconomic

conditions due to ongoing global economic and political uncertainty; future business, strategic and financial performance, goals and

measures; our anticipated growth prospects and trends in markets and industries relevant to our business; business and investment plans;

expectations about our ability to maintain or enhance our leadership position in the markets in which we participate; future consumer

demand and behavior, including expectations about excess inventory utilization by customers; our ability to effectively compete in the

markets in which we operate; increased competition from emerging chip manufacturers and OEMs; future products and technology, and the

expected availability and benefits of such products and technology; our planned vertically integrated

robotaxi business, including the development, launch, operation, scaling, regulatory approval and commercial acceptance of autonomous

ride-hailing services, may not proceed as expected; the humanoid robotics industry and its accompanying

technology may not develop as expected; development of regulatory frameworks for current and future technology; changes in regulation

and trade policy, including increased tariffs, in regions in which we operate, including the U.S., Europe and China; projected cost and

pricing trends; future production capacity and product supply; potential future benefits and competitive advantages associated with our

technologies and architecture and the data we have accumulated; the future purchase, use and availability of products, components and

services supplied by third parties, including third-party IP and manufacturing services; uncertain events or assumptions, including statements

relating to our estimated vehicle production and market opportunity, potential production volumes associated with design wins and other

characterizations of future events or circumstances; adverse conditions in Israel, including as a result of war and geopolitical conflict,

which may affect our operations and may limit our ability to produce and sell our solutions; any disruption in our operations by the

obligations of our personnel to perform military service as a result of current or future military actions involving Israel; availability,

uses, sufficiency and cost of capital and capital resources, including expected returns to stockholders such as dividends, and the expected

timing of future dividends; tax and accounting-related expectations; sustained low levels of our share price and market capitalization

as well as other factors may require further testing of our Mobileye reporting unit, which may result in an impairment of goodwill; the

ability to meet our social and environmental goals and projections.

The

estimates included herein are based on projections of future production volumes that were provided by our current and prospective OEMs

at the time of sourcing the design wins for the models related to those design wins. For the purpose of these estimates, we estimated

sales prices based on our management’s estimates for the applicable product bundles and periods. Achieving design wins is not a

guarantee of revenue, and our sales may not correlate with the achievement of additional design wins. Moreover, our pricing estimates

are made at the time of a request for quotation by an OEM (in the case of estimates related to contracted customers), so that worsening

market or other conditions between the time of a request for quotation and an order for our solutions may require us to sell our solutions

for a lower price than we initially expected. These estimates may deviate from actual production volumes and sale prices (which may be

higher or lower than the estimates) and the amounts included for prospective but uncontracted production volumes may never be achieved.

Accordingly, these estimations are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance

on these forward-looking statements or projections.

Detailed

information regarding these and other factors that could affect Mobileye’s business and results is included in Mobileye’s

SEC filings, including the company’s Annual Report on Form 10-K for the year ended December 27, 2025, particularly in

the section entitled “Item 1A. Risk Factors”. Copies of these filings may be obtained by visiting our Investor Relations

website at ir.mobileye.com or the SEC’s website at www.sec.gov.

Second Quarter 2026 Financial Results

Mobileye Global Inc.

Condensed Consolidated Statements

of Operations (unaudited)

Three Months Ended

Six Months Ended

U.S. dollars in millions, except share and per share data

June 27, 2026

June 28, 2025

June 27, 2026

June 28, 2025

Revenue

$ 508

$ 506

$ 1,066

$ 944

Cost of revenue

273

254

556

485

Gross profit

235

252

510

459

Research and development, net

207

282

530

557

Sales and marketing

General and administrative

Goodwill impairment

—

3,788

—

Total operating expenses

265

326

4,436

650

Operating income (loss)

(30 )

(74 )

(3,926 )

(191 )

Financial income (expense), net

Income (loss) before income taxes

(17 )

(61 )

(3,899 )

(160 )

Benefit (provision) for income taxes

(4 )

(6 )

(9 )

Net income (loss)

$ (21 )

$ (67 )

$ (3,839 )

$ (169 )

Earnings (loss) per share attributed to Class A and Class B stockholders:

Basic and diluted

$ (0.03 )

$ (0.08 )

$ (4.70 )

$ (0.21 )

Weighted-average number of shares used in computation of earnings (loss) per share attributed to Class A and Class B stockholders (in millions):

Basic and diluted

818

812

817

812

Mobileye Global Inc.

Condensed Consolidated Balance

sheets (unaudited)

U.S. dollars in millions

June 27, 2026

December 27, 2025

Assets

Current assets

Cash and cash equivalents

$ 1,311

$ 1,836

Marketable securities and deposits

132

Trade accounts receivable, net

208

131

Inventories

310

327

Other current assets

120

129

Total current assets

2,081

2,478

Non-current assets

Property and equipment, net

472

473

Intangible assets, net

1,067

1,166

Goodwill

4,911

8,200

Other long-term assets

307

175

Total non-current assets

6,757

10,014

TOTAL ASSETS

$ 8,838

$ 12,492

Liabilities and Equity

Current liabilities

Accounts payable and accrued expenses

$ 251

$ 228

Employee related accrued expenses

150

141

Related party payable

Other current liabilities

Total current liabilities

452

406

Non-current liabilities

Long-term employee benefits

Deferred tax liabilities

Other long-term liabilities

Total non-current liabilities

176

205

TOTAL LIABILITIES

$ 628

$ 611

TOTAL EQUITY

8,210

11,881

TOTAL LIABILITIES AND EQUITY

$ 8,838

$ 12,492

Mobileye Global Inc.

Condensed Consolidated Cash Flows

(unaudited)

Six Months Ended

U.S. dollars in millions

June 27, 2026

June 28, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss)

$ (3,839 )

$ (169 )

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation of property and equipment

Share-based compensation

168

134

Amortization of intangible assets

227

222

Goodwill impairment

3,788

—

Exchange rate differences on cash and cash equivalents

(9 )

(8 )

Deferred income taxes

(73 )

(11 )

(Gains) losses on equity and debt investments, net

—

(1 )

Other

Changes in operating assets and liabilities:

Decrease (increase) in trade accounts receivable

(77 )

(5 )

Decrease (increase) in other current assets

Decrease (increase) in inventories

Decrease (increase) in other long-term assets

(125 )

(2 )

Increase (decrease) in accounts payable, accrued expenses and related party payable

Increase (decrease) in employee-related accrued expenses and long-term benefits

Increase (decrease) in other current liabilities

(6 )

Increase (decrease) in other long-term liabilities

Net cash provided by operating activities

210

322

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property and equipment

(51 )

(28 )

Purchases of debt and equity investments

(152 )

(44 )

Maturities and sales of debt and equity investments

Cash paid for acquisition of Mentee Robotics, net of cash acquired

(591 )

—

Net cash used in investing activities

(719 )

(39 )

CASH FLOWS FROM FINANCING ACTIVITIES

Repurchase of common stock

(24 )

—

Net cash used in financing activities

(24 )

—

Effect of foreign exchange rate changes on cash and cash equivalents

Increase (decrease) in cash, cash equivalents and restricted cash

(524 )

291

Balance of cash, cash equivalents and restricted cash, at beginning of year

1,860

1,438

Balance of cash, cash equivalents and restricted cash, at end of period

$ 1,336

$ 1,729

Mobileye Global Inc.

Reconciliation of GAAP Gross Profit

and Margin to Non-GAAP Adjusted Gross Profit and Margin2 (unaudited)

Three Months Ended

Six Months Ended

U.S. dollars in millions

June 27, 2026

June 28, 2025

June 27, 2026

June 28, 2025

Amount

% of

Revenue

Amount

% of

Revenue

Amount

% of

Revenue

Amount

% of

Revenue

Gross Profit and Margin

$ 235

46 %

$ 252

50 %

$ 510

48 %

$ 459

49 %

Add: Amortization of acquired intangible assets

19 %

192

18 %

188

20 %

Add: Share-based compensation expense

— %

Adjusted Gross Profit and Margin

$ 333

66 %

$ 347

69 %

$ 703

66 %

$ 648

69 %

2Adjusted Gross Margin

is calculated as Adjusted Gross Profit as a percentage of revenue

Mobileye Global Inc.

Reconciliation of GAAP Operating

Income (Loss) and Margin to Non-GAAP Adjusted Operating Income and Margin3 (unaudited)

Three Months Ended

Six Months Ended

U.S. dollars in millions

June 27, 2026

June 28, 2025

June 27, 2026

June 28, 2025

Amount

% of

Revenue

Amount

% of

Revenue

Amount

% of

Revenue

Amount

% of

Revenue

Operating Income (Loss) and Operating Margin

$ (30 )

(6 )%

$ (74 )

(15 )%

$ (3,926 )

(368 )%

$ (191 )

(20 )%

Add: Amortization of acquired intangible assets

114

22 %

111

22 %

227

21 %

222

24 %

Add: Share-based compensation expense

17 %

14 %

172

16 %

134

14 %

Less: R&D Law incentive grant related to ordinary income

from sold RSUs

(17 )

(3 )%

—

— %

(17 )

(2 )%

—

— %

Add: Acquisition related expenses

—

— %

—

— %

1 %

—

— %

Add: Goodwill impairment

—

— %

—

— %

3,788

355 %

—

— %

Adjusted Operating Income (Loss) and Margin

$ 155

31 %

$ 106

21 %

$ 250

23 %

$ 165

17 %

3Adjusted

Operating Margin is calculated as Adjusted Operating Income (Loss) as a percentage of revenue

Mobileye Global Inc.

Reconciliation of GAAP Net Income

(Loss) to Non-GAAP Adjusted Net Income (unaudited)

Three Months Ended

Six Months Ended

U.S. dollars in millions

June 27, 2026

June 28, 2025

June 27, 2026

June 28, 2025

Amount

% of

Revenue

Amount

% of

Revenue

Amount

% of

Revenue

Amount

% of

Revenue

Net Income (Loss)

$ (21 )

(4 )%

$ (67 )

(13 )%

$ (3,839 )

(360 )%

$ (169 )

(18 )%

Add: Amortization of acquired intangible assets

114

22 %

111

22 %

227

21 %

222

24 %

Add: Share-based compensation expense

17 %

14 %

172

16 %

134

14 %

Less: R&D Law incentive grant related to ordinary income

from sold RSUs

(17 )

(3 )%

—

— %

(17 )

(2 )%

—

— %

Add: Acquisition related expenses

—

— %

—

— %

1 %

—

— %

Add: Goodwill impairment

—

— %

—

— %

3,788

355 %

—

— %

Less: Income tax effects

(9 )

(2 )%

(11 )

(2 )%

(86 )

(8 )%

(22 )

(2 )%

Adjusted Net Income (Loss)

$ 155

30 %

$ 102

20 %

$ 251

24 %

$ 165

18 %

Supplemental Information - Average

System Price (unaudited)4

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

EyeQ and SuperVision revenue (U.S. dollars in millions)

$ 481

$ 478

$ 420

$ 535

$ 485

Number of systems shipped (in millions)

9.7

9.2

8.3

10.8

10.0

Average system price (U.S. dollars)

$ 49.7

$ 51.7

$ 50.8

$ 49.3

$ 48.5

4Average

System Price is calculated as the sum of revenue related to EyeQTM and

SuperVision systems, divided by the number of systems shipped.

Contacts

Dan Galves

Investor Relations

investors@mobileye.com

Justin Hyde

Media Relations

justin.hyde@mobileye.com

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