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Investing.com -- Mobileye reported third-quarter revenue that beat analyst estimates and raised its full-year outlook. Still, the company’s shares slipped over 1% in premarket trading.
The company posted earnings per share (EPS) of $0.09 for the third quarter, in line with analyst estimates. Revenue rose 4% year-over-year to $504 million, topping the consensus forecast of $485 million.
Adjusted operating income was $74 million, down 5% year-on-year, with an adjusted operating margin of 15%, compared with 16% a year earlier. Adjusted gross margin stood at 67%, down slightly from 68% in the prior-year period.
“The business delivered another strong quarter, with solid revenue growth and disciplined cost management. Continued auto production stability gives us confidence to again raise our full-year outlook, removing conservatism we had embedded earlier due to macro uncertainty,” said Mobileye President and CEO Amnon Shashua.
“We see tremendous opportunities ahead as we execute toward on-time launches of advanced EyeQ6 High-based products, deepen engagement with strategic customers across our portfolio, and prepare for the commercialization of driverless robotaxi beginning in 2026," he added.
For 2025, Mobileye now expects revenue between $1.845 billion and $1.885 billion, up from its previous guidance of $1.765 billion to $1.855 billion and roughly in line with the $1.86 billion consensus.
Adjusted operating income is forecast at $263 million to $286 million, raised from the prior range of $210 million to $286 million.