Mobileye Global, Inc. Class A (NASDAQ:MBLY) reported modest Q2 revenue growth and improved margins with raised full‑year guidance as CEO/co‑founder Amnon Shashua transitions to chairman while a search for his successor begins, and the firm sealed a Stellantis REM ADAS supply deal expanding U.S./EU deployment.
Previous Week Recap
- Mobileye Global, Inc. Class A Q2 Revenue Growth: Mobileye (MBLY) Q2 2026: revenue $508M (+0.4% YoY), adjusted EPS $0.19, adjusted operating profit +46% YoY, net loss $21M. Raised full‑year revenue and profit guidance; strong ADAS demand.
- Shashua to Step Down As CEO: Mobileye (MBLY) CEO and co‑founder Amnon Shashua will step down once a successor is found; the board will hire a search firm. Shashua stays on the board and is expected to become chairman.
- Stellantis Deal For REM ADAS: Mobileye (MBLY) struck a supply deal with Stellantis to add Mobileye REM ADAS to certain Stellantis models starting 2027; initial U.S. deployments slated for 2024. REM covers 95%+ of U.S./EU roads.
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