Mobileye forecasts annual revenue below estimates

Reuters20:03
Mobileye forecasts annual revenue below estimates

Jan 22 (Reuters) - Self-driving tech company Mobileye Global MBLY.O forecast annual revenue below Wall Street expectations on Thursday, a sign that slower electric-vehicle production is weighing on demand for its driver assistance technology.

The company expects 2026 revenue between $1.90 billion and $1.98 billion, compared with analysts' estimate of $2 billion, according to data compiled by LSEG.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore)

((HarshitaMary.Varghese@thomsonreuters.com;))

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