Form 8-K

8-K — Mobileye Global Inc.

Accession: 0001104659-26-047231

Filed: 2026-04-23

Period: 2026-04-23

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)

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8-K — FORM 8-K

8-K (Primary)

Filename: tm2612233d1_8k.htm · Sequence: 1

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0001910139

2026-04-23

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):

April 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 April 23, 2026 Mobileye Global Inc. issued a

press release announcing its financial results for the quarter ended March 28, 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 April 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: April 23, 2026

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2612233d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

Mobileye Releases

First Quarter 2026 Results, Updates Full-Year Outlook, and Announces a $250 Million Share Repurchase Program

· Revenue

of $558 million in the first quarter increased 27%

year over year compared to Q1 2025. We are raising the midpoint of our full-year 2026

revenue guidance by 2% to reflect better-than-expected demand in the first quarter.

· Diluted

EPS (GAAP) was $(4.68) and Adjusted Diluted EPS (Non-GAAP) was $0.12 in the first quarter.

· GAAP

Operating Loss was impacted by a non-cash goodwill impairment of $3,788 million related to the goodwill

asset on Mobileye’s balance sheet resulting from Intel’s acquisition of Mobileye in

2017.

· Generated

$75 million of operating cash flow in the first quarter of 2026. The acquisition of Mentee

Robotics Ltd. (“Mentee Robotics”) closed in early February, resulting in a reduction

in our cash balance of $591 million, net of cash acquired.

· Announced an up to $250 million share repurchase authorization, intended to

partially offset dilution associated with stock-based compensation and shares issued as part of the Mentee Robotics acquisition in

in the first quarter.

JERUSALEM

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

for the three months ended March 28, 2026.

“First

quarter results reflected a stronger than expected start to 2026, and continued favorable demand trends enable us to modestly

increase our 2026 outlook. We also secured an important design win with Mahindra which adds a third Surround ADAS customer and a

second customer for our next-generation SuperVision product,” said Mobileye President and CEO Professor Amnon Shashua.

“In parallel, we achieved significant milestones related to our robotaxi technology stack and our EyeQ6H-based

Supervision L2++ and Chauffer L3 programs with VW group. Continued execution across these programs is key both to converting our

advanced product pipeline into future revenue growth and to winning additional customers.”

First Quarter 2026 Business Highlights

· The Mobileye Drive / MOIA / VW ID.Buzz robotaxi

ecosystem progressed significantly during the first quarter. VW and MOIA announced the kick off of pre-series production at

VW’s Hanover plant in March. MOIA announced Orlando as its initial driverless launch location (in collaboration with Beep) and

began on-road validation testing with Uber in Los Angeles. There are now more than 100 ID.Buzz AVs powered by Drive testing on

public roads in six cities (LA, Austin, Orlando, Munich, Berlin, and Hamburg), with Oslo coming soon. We believe Mobileye Drive

technology has meaningful scaling advantages over the competition and look forward to continued strong execution over the course of

2026.

· For

the first time, EyeQ6 High-based SuperVision is operating in the US inside pre-production

vehicles. An extended 2,000+ kilometer drive, on an unplanned route, achieved

targeted mean-time-between-failure goals in urban, suburban, and highway road types, as well

as severe weather, and outperformed other systems used as benchmarks.

· We

announced SuperVision and Surround ADAS design wins with Mahindra. We continue to see significant

potential for growth in the India market for both ADAS and AV, and are encouraged that Mahindra

believes that advanced mobility products based on Mobileye solutions can serve as competitive

differentiators in the mid-trim and premium vehicle segments.

First Quarter 2026 Financial Summary

and Key Highlights (Unaudited)

GAAP

U.S. dollars in millions

Q1 2026

Q1 2025

% Y/Y

Revenue

$ 558

$ 438

27 %

Gross Profit

$ 275

$ 207

33 %

Gross Margin

49 %

47 %

+202 bps

Operating Income (Loss)

$ (3,896 )

$ (117 )

*NM

Operating Margin

(698 )%

(27 )%

*NM

Net Income (Loss)

$ (3,818 )

$ (102 )

*NM

EPS - Basic

$ (4.68 )

$ (0.13 )

*NM

EPS - Diluted

$ (4.68 )

$ (0.13 )

*NM

*Not Meaningful

Non-GAAP

U.S. dollars in millions

Q1 2026

Q1 2025

% Y/Y

Revenue

$ 558

$ 438

27 %

Adjusted Gross Profit

$ 370

$ 301

23 %

Adjusted Gross Margin

66 %

69 %

(241 )bps

Adjusted Operating Income (Loss)

$ 95

$ 59

61 %

Adjusted Operating Margin

17 %

13 %

+360 bps

Adjusted Net Income (Loss)

$ 96

$ 63

52 %

Adjusted EPS - Basic

$ 0.12

$ 0.08

51 %

Adjusted EPS - Diluted

$ 0.12

$ 0.08

51 %

· Revenue

increased 27% compared

to the first quarter of 2025, primarily due to a 28% ramp up in EyeQ SoC volumes attributable

to higher EyeQ demand. A portion of this growth was related to the normalization of safety

stock levels at customers, after some draw down that took place in the fourth quarter of

2025.

· Gross

Margin increased by nearly

2 percentage points in the first quarter of 2026

as compared to the prior year period. The increase was primarily

due to similar levels of amortization of intangible assets on a significantly higher revenue

base, partially offset by a higher EyeQ-related cost per unit given the different mix of

EyeQ products sold.

· Adjusted

Gross Margin decreased by

nearly 2 percentage points in the first quarter of 2026 as

compared to the prior year period. This was mainly due to a higher EyeQ-related cost per

unit given the different mix of EyeQ products sold.

· An additional item that is part of

this quarter’s reconciliation of GAAP to Non-GAAP earnings is a non-cash impairment loss related to the Goodwill asset on our

balance sheet. This asset originally resulted from the Intel acquisition of Mobileye in 2017 and was pushed down to our balance

sheet in connection with the IPO in 2022 and separation from Intel. During the quarter, due to a decline in our market

capitalization since the most recent assessment date, as well as increased uncertainty in the macroeconomic and geopolitical

environment, an interim impairment test was triggered. The resulting analysis led to an approximately $3,788 million

write-down of goodwill. For more information, see our Quarterly Report on Form 10-Q for the period ended March 28,

2026.

· Operating

Margin decreased meaningfully

in the first quarter of 2026

as compared to the prior year period.

This was primarily due to goodwill impairment loss of $3,788 million recognized

in the first quarter of 2026.

· Adjusted

Operating Margin increased to

17% in the first quarter of 2026 as

compared to 13% in the prior year period. This is related

to significantly higher year-over-year revenue which resulted in lower operating expenses

as a percentage of revenue.

· Operating

cash flow for the three months ended March 28,

2026 was $75 million, including transaction costs and cash paid

for accelerated options as part of the Mentee Robotics acquisition. Cash used in purchases of property

and equipment was $30 million for that same period.

Financial Guidance for the 2026 Fiscal

Year

The

following information reflects Mobileye’s expectations for Revenue, Operating Loss and Adjusted Operating Income results for

the full year 2026. Our updated guidance reflects a 2% increase

in expected revenue, at the midpoint, due to higher-than-expected EyeQ unit shipments in the first quarter. Our outlook for Adjusted

Operating Income is increased by 8% at the midpoint, reflecting operating leverage on the higher

revenue outlook. We are providing a 2026 outlook for Operating Loss now that the Mentee Robotics acquisition has closed. At the time

of our Q4 2025 earnings release, prior to closing of the Mentee Robotics acquisition, our outlook for stock-based compensation and

amortization of intangible assets was not able to be estimated with precision.

believe Adjusted Operating Income (a non-GAAP metric) is an appropriate metric as it excludes significant non-cash expenses 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) Goodwill impairment; and 4) 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.

Full Year 2026

U.S. dollars in millions

Low

High

Revenue

$ 1,935

$ 2,015

Operating Loss

$ (4,331 )

$ (4,281 )

Amortization of acquired intangible assets

$ 346

Share-based compensation expense

$ 376

Goodwill impairment

$ 3,788

Acquisition related expenses

$ 6

Adjusted Operating Income

$ 185

$ 235

Earnings Conference Call Webcast

Information

Mobileye

will host a conference call today, April 23, 2026, at 8:00 am 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, impairment of goodwill and acquisition-related

expenses. 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 expense, impairment of goodwill, acquisition-related

expenses 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. Through 2025, more than 230 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; 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 initial 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.

First Quarter 2026 Financial Results

Mobileye Global Inc.

Condensed Consolidated Statements

of Operations (unaudited)

Three Months Ended

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

March 28, 2026

March 29, 2025

Revenue

$ 558

$ 438

Cost of revenue

283

231

Gross profit

275

207

Research and development, net

323

275

Sales and marketing

General and administrative

Goodwill impairment

3,788

—

Total operating expenses

4,171

324

Operating income (loss)

(3,896 )

(117 )

Financial income (expense), net

Income (loss) before income taxes

(3,882 )

(99 )

Benefit (provision) for income taxes

(3 )

Net income (loss)

$ (3,818 )

$ (102 )

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

Basic and diluted

$ (4.68 )

$ (0.13 )

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

817

812

Mobileye Global Inc.

Condensed Consolidated Balance

sheets (unaudited)

U.S. dollars in millions

March 28, 2026

December 27, 2025

Assets

Current assets:

Cash and cash equivalents

$ 1,211

$ 1,836

Marketable securities and deposits

133

Trade accounts receivable, net

226

131

Inventories

303

327

Other current assets

120

129

Total current assets

1,993

2,478

Non-current assets:

Property and equipment, net

468

473

Intangible assets, net

1,181

1,166

Goodwill

4,911

8,200

Other long-term assets

182

175

Total non-current assets

6,742

10,014

TOTAL ASSETS

$ 8,735

$ 12,492

Liabilities and Equity

Current liabilities:

Accounts payable and accrued expenses

$ 228

Employee related accrued expenses

137

141

Related party payable

Other current liabilities

Total current liabilities

419

406

Non-current liabilities:

Long-term employee benefits

Deferred tax liabilities

Other long-term liabilities

Total non-current liabilities

152

205

TOTAL LIABILITIES

$ 571

$ 611

TOTAL EQUITY

8,164

11,881

TOTAL LIABILITIES AND EQUITY

$ 8,735

$ 12,492

Mobileye Global Inc.

Condensed Consolidated Cash Flows

(unaudited)

Three Months Ended

U.S. dollars in millions

March 28, 2026

March 29, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss)

$ (3,818 )

$ (102 )

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

Depreciation of property and equipment

Share-based compensation

Amortization of intangible assets

113

111

Goodwill impairment

3,788

—

Exchange rate differences on cash and cash equivalents

(2 )

Deferred income taxes

(72 )

(6 )

Changes in operating assets and liabilities:

Decrease (increase) in trade accounts receivable

(95 )

(5 )

Decrease (increase) in other current assets

Decrease (increase) in inventories

Decrease (increase) in other long-term assets

—

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

(36 )

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

(5 )

—

Increase (decrease) in other current liabilities

(5 )

Increase (decrease) in other long-term liabilities

Net cash provided by operating activities

109

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property and equipment

(30 )

(14 )

Purchases of debt and equity investments

(125 )

(25 )

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

(699 )

(25 )

CASH FLOWS FROM FINANCING ACTIVITIES

Share-based compensation recharge

Net cash provided by financing activities

—

Effect of foreign exchange rate changes on cash and cash equivalents

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

(622 )

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

$ 1,238

$ 1,527

Less than $1 million.

Mobileye Global Inc.

Reconciliation of GAAP Gross Profit

and Margin to Non-GAAP Adjusted Gross Profit and Margin1 (unaudited)

Three Months Ended

U.S. dollars in millions

March 28, 2026

March 29, 2025

Amount

% of Revenue

Amount

% of Revenue

Gross Profit and Margin

$ 275

49 %

$ 207

47 %

Add: Amortization of acquired intangible assets

17 %

21 %

Add: Share-based compensation expense

—

— %

—

— %

Adjusted Gross Profit and Margin

$ 370

66 %

$ 301

69 %

1Adjusted gross margin is

calculated as adjusted gross profit as a percentage of revenue

Mobileye Global Inc.

Reconciliation of GAAP Operating

Income and Margin to Non-GAAP Adjusted Operating Income and Margin2 (unaudited)

Three Months Ended

U.S. dollars in millions

March 28, 2026

March 29, 2025

Amount

% of Revenue

Amount

% of Revenue

Operating Income (Loss) and Margin

$ (3,896 )

(698 )%

$ (117 )

(27 )%

Add: Amortization of acquired intangible assets

113

20 %

111

25 %

Add: Share-based compensation expense

15 %

Add: Acquisition related expenses

1 %

—

— %

Add: Goodwill impairment

3,788

679 %

—

— %

Adjusted Operating Income (Loss) and Margin

$ 95

17 %

$ 59

13 %

2Adjusted

operating margin is calculated as adjusted operating income (loss) as a percentage of revenue

Mobileye Global Inc.

Reconciliation of GAAP Net Income

to Non-GAAP Adjusted Net Income (unaudited)

Three Months Ended

U.S. dollars in millions

March 28, 2026

March 29, 2025

Amount

% of Revenue

Amount

% of Revenue

Net Income (Loss)

$ (3,818 )

(684 )%

$ (102 )

(23 )%

Add: Amortization of acquired intangible assets

113

20 %

111

25 %

Add: Share-based compensation expense

15 %

Add: Acquisition related expenses

1 %

—

— %

Add: Goodwill impairment

3,788

679 %

—

— %

Less: Income tax effects

(77 )

(14 )%

(11 )

(3 )%

Adjusted Net Income (Loss)

$ 96

17 %

$ 63

14 %

Supplemental Information - Average

System Price (unaudited)3

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

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

$ 415

$ 481

$ 478

$ 420

$ 535

Number of systems shipped (in millions)

8.5

9.7

9.2

8.3

10.8

Average system price (U.S. dollars)

$ 49.0

$ 49.7

$ 51.7

$ 50.8

$ 49.3

Average 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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v3.26.1

Cover

Apr. 23, 2026

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Apr. 23, 2026

Entity File Number

001-41541

Entity Registrant Name

Mobileye Global Inc.

Entity Central Index Key

0001910139

Entity Tax Identification Number

88-0666433

Entity Incorporation, State or Country Code

Entity Address, Address Line One

c/o Mobileye B.V.

Entity Address, Address Line Two

Har Hotzvim, 1 Shlomo Momo HaLevi Street

Entity Address, City or Town

Jerusalem

Entity Address, Country

Entity Address, Postal Zip Code

9777015

City Area Code

972

Local Phone Number

2-541-7333

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Class A common stock, $0.01 par value

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MBLY

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NASDAQ

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