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- Goodwill Impairment (new) — Mobileye recorded a $3,788 million goodwill impairment charge in the first half of 2026, reducing goodwill by nearly half.
Mobileye reports Q2 2026 results with $3.8B goodwill impairment, raises guidance on R&D grant
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Recorded $3,788 million goodwill impairment charge in H1 2026, reducing goodwill from $8,200 million to $4,911 million. Non-cash charge excluded from adjusted metrics.
Exhibit 99.1 view on EDGAR → -
high
Recognized $110 million (GAAP) / $93 million (Non-GAAP) Israeli R&D incentive grant in Q2, offsetting R&D expenses. No scheduled expiration.
Exhibit 99.1 view on EDGAR → -
high
Raised full-year 2026 revenue guidance to $1,970-$2,020 million (midpoint up $20 million), implying 4-7% growth. Raised adjusted operating income midpoint 88% and reduced GAAP operating loss midpoint 4%, primarily due to R&D grant.
Exhibit 99.1 view on EDGAR → -
high
Q2 2026 revenue $508 million, flat year-over-year. GAAP diluted EPS $(0.03) vs $(0.08) prior year; adjusted diluted EPS $0.19 vs $0.13. GAAP operating loss narrowed to $30 million from $74 million; adjusted operating income rose 46% to $155 million.
Exhibit 99.1 view on EDGAR → -
medium
MOIA began public user testing of Mobileye-equipped robotaxis in Hamburg with safety drivers. Mobileye advancing vertically-integrated mobility-as-a-service, engaging vendors for vehicle supply, system installation, and fleet logistics; accelerating Moovit app development.
Exhibit 99.1 view on EDGAR →
Summary
Mobileye reported Q2 2026 results marked by a $3.8 billion goodwill impairment charge—a non-cash write-down that cut goodwill from $8.2 billion to $4.9 billion. Operating results showed modest improvement driven largely by a new Israeli R&D incentive grant.
The company recognized $110 million (GAAP) in Q2 under a law enacted during the quarter but applicable from the start of 2026, offsetting R&D expenses and boosting profitability. Q2 revenue of $508 million was flat year-over-year, while adjusted diluted EPS rose to $0.19 from $0.13. Management raised full-year revenue guidance by $20 million at the midpoint and lifted adjusted operating income guidance by 88%, primarily reflecting the R&D grant's impact. The grant has no scheduled expiration and was enacted to offset Israel's higher tax burden under OECD global minimum tax rules. Investors should monitor whether revenue growth accelerates and whether the goodwill impairment reflects one-time reassessment or ongoing business headwinds.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Mobileye announced Q2 2026 financial results via press release; detailed metrics not disclosed in the 8-K body.
Added in current filing · verify on EDGAR →
On July 23, 2026 Mobileye Global Inc. issued a press release announcing its financial results for the quarter ended June 27, 2026.
Mobileye disclosed financial results for the quarter ended June 27, 2026 via press release (Exhibit 99.1). The 8-K body does not contain specific revenue, earnings, or guidance figures; those details would be in the attached exhibit.
Event · Exhibit 99.1
Mobileye reported Q2 2026 results with flat revenue, improved margins from an Israeli R&D incentive grant, and raised full-year guidance.
Added in current filing · view on EDGAR →
Preparations for commercial robotaxi services with the Volkswagen Group company MOIA continued on-track throughout the quarter. MOIA just recently began public user testing in Hamburg, Germany with safety drivers in vehicles equipped with Mobileye’s self-driving-system.
· Our previously announced expansion into vertically-integrated commercial mobility as a service gained momentum in recent weeks. We are engaged with potential vendors for vehicle platform supply, self-driving-system installation and upfit, and fleet logistics support. We have accelerated Moovit’s execution of customer-facing app, fleet optimization, and rider engagement applications. We believe these efforts significantly expand our potential to scale robotaxi commercialization through multiple channels, including MOIA and Holon, our own service, and third-party demand generation platforms.
Mobileye reported progress on its robotaxi commercialization efforts. MOIA, a Volkswagen Group company, began public user testing in Hamburg, Germany with safety drivers in vehicles equipped with Mobileye's self-driving system. Mobileye is also advancing its vertically-integrated mobility-as-a-service business, engaging with vendors for vehicle supply, system installation, and fleet logistics, and accelerating Moovit's development of customer-facing applications. The company believes these efforts will enable scaling through multiple channels including MOIA, Holon, its own service, and third-party platforms.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify