What Lies Beyond Mobileye Global Inc (MBLY)’s Q1 Loss?

Published on April 30, 2026 at 5:40 pm by Neha Gupta in News

Mobileye Global Inc (NASDAQ:MBLY) is among the best lidar stocks to buy according to analysts. The stock has gained more than 30% in the past month.

On April 23, Mobileye Global Inc (NASDAQ:MBLY) reported its Q1 2026 results. The report showed that revenue rose 27% YoY to $558 million. This growth was driven by strong demand for the company’s EyeQ solution.

However, Mobileye faced a non-cash goodwill impairment of $3.8 billion in the quarter. That led it to posting a GAAP net loss of a similar amount. On an adjusted basis, the company posted a net income of $96 million, working out to an adjusted EPS of $0.12.

Mobileye announced a $250 million share repurchase plan. The company closed Q1 with $1.21 billion in cash and cash equivalents.

Mobileye builds lidar-based systems that power autonomous driving. The company initially developed its lidar internally. However, it later figured out that sourcing lidar from third-party suppliers worked better for its business strategy.

For the full-year 2026, the company projects revenue in the range of $1.94 billion to $2 billion. It anticipates adjusted operating income in the band of $185 million to $235 million. Notably, Mobileye lifted the mid-point of its 2026 revenue guidance by 2%. This came after the company announced securing design wins with Mahindra for its SuperVision and Surround ADAS products.

Mobileye Global Inc (NASDAQ:MBLY), headquartered in Israel but domiciled in the US, provides autonomous driving technologies. These include self-driving and advanced driver-assistance systems. Its systems incorporate lidar sensors.

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