Mobileye Global Inc. (NASDAQ:MBLY) stock fell Thursday after it reported its fiscal fourth-quarter 2025 results.
The Intel Corp. (NASDAQ:INTC) spinoff autonomous firm reported a 9% year-on-year decline in quarterly revenue to $446.000 million, beating the analyst consensus estimate of $432.329 million.
EyeQ volumes declined 11% in the quarter due to demand-supply imbalances, leading to tighter-than-normal inventory levels at its Tier 1 customers exiting 2025.
Adjusted EPS of 6 cents was in line with the analyst consensus estimate.
EyeQ and SuperVision revenue was $420 million, down from $464 million a year ago.
The Average System Price was $50.8, up from $50.0 in the prior year. The number of systems shipped fell to 8.3 million from 9.3 million a year ago.
Margins
Gross margin fell by 389 bps to 45% signifying pricing pressures.
Adjusted gross margin declined by 176 bps to 67%.
The adjusted operating margin was 9%, down from 21% a year ago.
As of December 27, Mobileye held $1.84 billion in cash and equivalents and generated a quarterly operating cash flow of $113 million.
Outlook
Mobileye CEO Prof. Amnon Shashua said the company aims to lead in Physical AI across both autonomous vehicles and humanoid robotics, and said the automotive roadmap positions the company to benefit from growing demand for cost-efficient, single-ECU hands-free systems in high-volume vehicles, as well as self-driving technology for commercial robotaxi services.
Mobileye expects fiscal 2026 revenue of $1.90 billion-$1.98 billion versus the $1.881 billion analyst consensus estimate.
It expects an annual adjusted operating income of $170 million-$220 million.
The demand for its assisted-driving chips remains uncertain as automakers contend with tougher industry conditions shaped by tariffs and intensifying competition.
U.S. tariffs on imported vehicles and auto parts have disrupted the global auto industry, forcing manufacturers to rethink supply chains and pull back on earlier forecasts.
At the same time, North American automakers are easing their once-aggressive push into electric vehicles as they face stronger competition from Chinese rivals, reduced access to tax credits, and a shift in consumer demand toward lower-priced vehicles and hybrids.
MBLY Price Action: Mobileye Global shares were down 4.96% at $10.34 during premarket trading on Thursday. The stock is trading near its 52-week low of $10.03, according to Benzinga Pro data.
Photo by T. Schneider via Shutterstock
