Strong Revenue Growth
Q2 revenue was up 15% year-over-year, with strong demand across regions and OEMs, leading to a 34% increase in adjusted operating income and a 3-point rise in adjusted operating margin to 21%.
Raising Full Year Outlook
Mobileye raised its full-year revenue outlook by 4% and adjusted operating income outlook by 14% at the midpoint, citing strong performance in the core ADAS business.
Advanced Product Success
Mobileye's advanced products, including EyeQ6-based systems, are gaining momentum with OEMs, highlighting the scalable and cost-efficient platform for ADAS and robotaxi applications.
Solid Cash Flow Performance
Operating cash flow exceeded $200 million for Q2 and $300 million for the first half, demonstrating strong cash generation and working capital discipline.
Increased Supervision Volumes
Supervision volumes are running better than expected, with a forecast increase to about 40,000 units at the midpoint from a previous outlook in the low 20,000s.