Mobileye Global reported stronger-than-expected third-quarter results on Thursday, as global automakers accelerated orders for the company’s driver-assistance and autonomous driving chips. The surge marks a rebound in demand after a lengthy industry slowdown triggered by pandemic-era supply disruptions.
Revenue reached $504 million, surpassing analyst expectations of $480.9 million, according to LSEG data. The company also raised its annual revenue forecast to a range of $1.85 billion to $1.89 billion, lifting the lower end from its earlier outlook of $1.77 billion. CEO Amnon Shashua said continued stability in auto production has strengthened Mobileye’s confidence to remove earlier conservative assumptions tied to macroeconomic uncertainty.
The Intel-backed company, a leader in vision-based autonomous systems, is benefiting from a renewed push by carmakers to integrate self-driving technologies into new models. Mobileye also announced Volvo as its latest customer, expanding its footprint among premium automakers.
However, executives warned of margin pressure next year as Mobileye increases shipments of lower-margin products before shifting back toward higher-value chips in 2027. They also cited the risk of tariffs and supply chain realignments affecting some automotive partners, though the company itself remains insulated from direct tariff impacts.
Mobileye continues to pursue opportunities in the robotaxi sector, working with partners such as Lyft to scale commercial autonomous ride services — an area analysts say could become a major growth driver in the next few years.
The upbeat report underscores Mobileye’s pivotal role in the evolution of intelligent vehicles, as automakers worldwide race to embed AI-powered safety and navigation systems into future fleets.
