Mobileye Global (NASDAQ:MBLY) Trading 7.4% Higher After Strong Earnings

Mobileye Global Inc. (NASDAQ:MBLY) shares traded up 7.4% during trading on Friday following a better than expected earnings announcement. The company traded as high as $7.92 and last traded at $8.0230. Approximately 1,880,407 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 7,517,602 shares. The stock had previously closed at $7.47.

The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.06 by $0.13. The firm had revenue of $508.00 million for the quarter, compared to analyst estimates of $480.51 million. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.66%. Mobileye Global’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share.

Mobileye Global announced that its board has initiated a stock repurchase program on Thursday, April 23rd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mobileye Global News Summary

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Mobileye reported strong second-quarter results, with EPS of $0.19 beating estimates of $0.06 and revenue of $508 million coming in above expectations, helped by an R&D incentive grant and stronger shipments. Article Title
• Positive Sentiment: The company also raised its 2026 outlook, which signals management confidence in continued operating momentum and may help support the stock. Article Title
• Positive Sentiment: Needham reaffirmed its buy rating and maintained a $13 price target, suggesting meaningful upside from current levels. Article Title
• Neutral Sentiment: TD Cowen lowered its price target to $9 from $11.50 but kept a buy rating, indicating optimism remains despite a more cautious valuation view. Article Title
• Neutral Sentiment: JPMorgan and Mizuho both cut targets and stayed at neutral, while RBC lowered its target to $7 and kept a sector perform view, reflecting divided analyst sentiment after the earnings update. Article Title
• Negative Sentiment: Founder and CEO Amnon Shashua’s planned exit is creating uncertainty around leadership at a time when Mobileye is pushing deeper into robotaxis and robotics, increasing execution risk. Article Title
• Negative Sentiment: A Seeking Alpha commentary argued the stock’s selloff reflects concerns that the leadership transition and robotaxi strategy add risk despite the earnings beat and higher guidance. Article Title

Wall Street Analysts Forecast Growth

MBLY has been the subject of a number of research reports. Barclays decreased their price target on shares of Mobileye Global from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Weiss Ratings upgraded Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group decreased their target price on Mobileye Global from $24.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Mizuho lowered their target price on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $13.00 target price on shares of Mobileye Global in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.27.

Institutional Trading of Mobileye Global

Several large investors have recently modified their holdings of MBLY. Handelsbanken Fonder AB lifted its stake in shares of Mobileye Global by 38.0% in the second quarter. Handelsbanken Fonder AB now owns 46,100 shares of the company’s stock worth $446,000 after acquiring an additional 12,700 shares in the last quarter. Gradient Investments LLC acquired a new stake in Mobileye Global during the 2nd quarter valued at approximately $921,000. FNY Investment Advisers LLC grew its stake in Mobileye Global by 260.5% during the 2nd quarter. FNY Investment Advisers LLC now owns 14,923 shares of the company’s stock valued at $144,000 after purchasing an additional 10,784 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Mobileye Global during the 2nd quarter worth approximately $23,423,000. Finally, 180 Wealth Advisors LLC increased its holdings in Mobileye Global by 18.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 25,909 shares of the company’s stock worth $251,000 after purchasing an additional 4,017 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Up 7.8%

The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of -1.61 and a beta of 1.16. The stock has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $9.01.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.