By Adriano Marchese
Mobileye Global shares rose in premarket trading Thursday after the company raised its 2026 revenue outlook, even as its acquisition of Mentee Robotics pushed its projected operating loss sharply higher.
Shares traded up nearly 15% ahead of the morning bell at $9.05.
The U.S. domiciled, Israel-based autonomous driving company said Thursday that it now expects a 2% increase in revenue in 2026 at the midpoint, due to higher-than-expected EyeQ unit shipments in the first quarter.
Revenue is now expected to be between $1.94 billion and $2.02 billion. Analysts expect revenue of $1.95 billion, according to FactSet.
Operating loss is expected to be between $4.28 billion and $4.33 billion, weighed down by a goodwill impairment charge of $3.79 billion.
Mobileye announced the acquisition of Mentee Robotics, an artificial-intelligence robotics startup, for $900 million in January. The company said that prior to closing the acquisition, the outlook for stock-based compensation and amortization of intangible assets weren't estimated precisely.
Excluding the charge, Mobileye said adjusted operating income is expected to be between $185 million and $235 million.
Mobileye also reported its first-quarter results, with revenue rising 27% to $558 million, topping forecasts of a more tempered rise to $520.4 million. Loss widened to $3.82 billion from a loss of $102 million a year earlier, which on a per-share basis was a loss of $4.68, compared with a loss of 13 cents.
On an adjusted basis, earnings were 12 cents a share, above the 8 cents a share analysts expected for the period.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 23, 2026 09:28 ET (13:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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