MBLY

Download the Complete Report Here Key Takeaways: 1H26 marks an important step in ENRD’s transition from contracted demand toward scaled deployment, with signed capacity beginning to convert into a materially faster revenue growth profile in 2H26. Revenue increased 26% y/y on a constant-currency basis to approximately $27 million from $21 million in 1H25, driven by additional capacity with existing customers and new deployments across the network. Reported revenue increased ~22% y/y to SEK263.5 million from SEK216.5 million, with transport services contributing SEK246.6 million versus SEK201.0 million and rental revenue increasing to SEK16.9 million from SEK15.5 million. The forward setup is considerably stronger than the 1H26 growth rate, with 2H26 constant-currency revenue guided to $39-$42 million, up 60%-73% y/y from $24 million in 2H25. The step-up is expected to be driven primarily by the Amazon ramp, additional U.S. and European deployments and the initial Tesla Semi rollout, suggesting the principal near-term growth constraint is shifting toward deployment capacity and execution as signed demand moves into operations. A meaningful portion of near-term growth has already moved from the JBP funnel into contracted business awaiting deployment. ENRD continues to disclose more than $800 million of potential ARR through Joint Business Plans, while the customer base has expanded to 32 customers across seven countries and cumulative operating activity now exceeds 560,000 shipments. The $800 million+ JBP figure remains non-binding, but management provided an important distinction around the December revenue ramp: the absolute majority of capacity supporting the targeted $85-$95 million December 2026 annualized revenue run-rate has already moved from JBP into signed contracts, leaving vehicle deployment and capacity activation as the primary remaining steps before revenue recognition. We believe this is an important progression because the near-term execution focus is now increasingly on converting contracted capacity into deployed revenue at higher utilization and improving margins, rather than proving underlying customer demand. Amazon is becoming both a meaningful deployment driver and a strong validation point for ENRD’s enterprise customer-acquisition model. Following an initial pilot, ENRD secured a deployment of 75 electric heavy-duty trucks across five U.S. locations in Amazon’s middle-mile network, with the fleet integrated into Amazon Relay and execution managed through Saga AI; initial deployments are already live and the majority of the first wave is expected to be operational before year end 2026. The commercial organization has also been scaled over the last 6 to 8 months, contributing to an approximately 3x increase in the sales pipeline, while deployment lead times have improved over the past 12-18 months as vehicle availability, charging infrastructure and ENRD’s operating footprint expanded. For a high-touch enterprise model with relatively long initial sales cycles, reference deployments such as Amazon should help shorten customer diligence and support expansion across additional lanes and geographies. The recently announced 500-truck Tesla Semi program materially changes ENRD’s fleet scaling equation by adding significant deployment capacity while separating a substantial portion of fleet growth from equity funding. ENRD currently operates approximately 250 vehicles and expects Amazon, other signed deployments and the initial Tesla rollout to take the fleet to just under 400 by year end 2026, implying roughly 60% growth from the current base. The 500 Tesla Semi program alone would triple the current fleet toward approximately 750 vehicles, with the majority targeted to be operational before year end 2027. The program should also support higher revenue per truck from the current roughly $300,000 annual level, with the Semi’s specifications opening additional lanes and distances and management expecting a positive contribution-margin impact as utilization increases. The vehicles will be financed through third-party solutions rather than equity, allowing ENRD to match asset-backed leverage directly against revenue-generating capacity and accelerate conversion of its $800 million+ JBP opportunity into operating revenue without incremental equity dilution. Growing network scale is building the conditions for improved FCaaS economics while creating the data and operating density required for autonomous commercialization. ENRD has now completed more than 18.5 million electric miles and 560,000 shipments across 32 customers in seven countries, providing Saga AI with a larger data set to optimize routing, charging and vehicle utilization. That same network has generated more than 5,400 driverless hours in contracted customer operations, up 64% over the preceding six months across six autonomous deployments, while management estimates that approximately 80% of customer freight demand already captured on the platform is suitable for automation over the medium term. This creates a differentiated commercialization pathway: ENRD can progressively introduce autonomous capacity into freight flows it already operates and understands rather than building a separate autonomous-demand base, while Saga and Einride Driver have begun generating SaaS revenue following the late-2025 launch of the vehicle-agnostic offering, providing an early proof point for a more capital-light technology revenue model. Contribution economics have stabilized at the transport level, with the next margin inflection dependent on higher utilization and fixed-cost absorption as fleet scale increases. Contribution margin declined from 29.2% in 1H25 to 20.7% in 2H25, remained at 20.7% in 1H26 and is guided to improve to 21%-23% in 2H26 as utilization increases, with management targeting approximately 35% over the longer term. Reported cost of sales was SEK395.4 million against SEK263.5 million of revenue, producing a gross loss of approximately SEK131.9 million and gross margin near negative 50%, versus roughly negative 40% in 1H25, with approximately SEK95 million of depreciation and amortization embedded in cost of sales. The key margin lever is therefore scaling revenue and utilization faster than vehicle and infrastructure costs, with the approaching 400-vehicle year-end fleet expected to provide greater fixed-cost absorption and support operating leverage. Investment in autonomy, technology and commercial capacity is keeping adjusted EBITDA negative despite the stronger revenue trajectory. Adjusted EBITDA widened from negative $21.0 million in 1H25 to negative $27.9 million in 2H25 and negative $34.6 million in 1H26, with 2H26 guided to negative $35 million – $37 million as ENRD continues funding autonomous development, Saga capabilities and commercial infrastructure. Constant-currency R&D spend increased ~57% y/y to $20.4 million from $13.0 million, while reported R&D rose to SEK205.9 million from SEK131.2 million and selling expense increased to SEK46.6 million from SEK35.2 million. Net loss widened to SEK1.12 billion from SEK887.4 million, although comparability was affected by SEK636 million of non-cash recapitalization expense, SEK245 million of listing-related share compensation and SEK203 million of transaction advisory costs, partly offset by a SEK582 million warrant-remeasurement gain. The 2H26 setup therefore centers on whether 60%-73% revenue growth begins to improve fixed-cost absorption while ENRD sustains elevated investment in autonomy and platform development. DAF and defense expand the commercialization pathways for Einride Driver beyond ENRD-owned autonomous hardware, reinforcing the vehicle-agnostic licensing model. The DAF partnership will integrate Einride Driver onto an established PACCAR vehicle platform, with interface work during 2026 followed by integration and commissioning in 2027 before progressing toward more scaled deployments, reducing reliance on ENRD’s proprietary cab-less trucks as autonomy commercializes. In parallel, ENRD established a dedicated defense unit following pilot contracts with NATO-allied organizations and partnered with Centinus to combine autonomous logistics with real-time threat detection and counter-UAS monitoring. General (Ret.) Keith B. Alexander, who joined ENRD’s Board earlier this year, is expected to help guide expansion across Europe and the U.S., adding defense and cybersecurity expertise to the commercialization effort. Neither channel is yet a material financial contributor, but both broaden the potential market for a vehicle-agnostic Einride Driver while supporting a more capital-light technology revenue model that does not require ENRD to own the underlying fleet. Flipturn expands Saga into charging and energy management, adding a software-led layer that can improve deployment efficiency while addressing a practical bottleneck to electric-fleet scale. The acquisition adds more than 5,000 live charging ports and over 250 MW of charging capacity under management, alongside charge-port management, energy orchestration and connectivity to third-party charging networks. Aggregating charging demand should improve access to external infrastructure and charging economics while reducing site-readiness friction as ENRD expands across more customer locations. The transaction was primarily equity funded, with SEK373.5 million of base consideration including approximately 4.41 million ENRD ADSs and only ~SEK2.4 million of cash, while up to another 3.72 million ADSs are tied to contracted ARR and product milestones through 2028. The strategic payoff will depend on whether Flipturn converts its charging footprint into incremental software revenue, lower deployment friction and better charging economics, sufficient to justify the associated equity consideration. Operating cash requirements increased with the investment and deployment ramp, making working-capital efficiency increasingly important to funding the next phase of scale. Net cash used in operating activities increased ~88% y/y to SEK536.7 million from SEK285.2 million, reflecting the heavier investment burden ahead of planned fleet and technology deployments. Working capital provided a meaningful partial offset, with SEK143.1 million in inflows supported by higher trade payables and accrued expenses as supplier activity increased alongside deployment volumes. Trade receivables increased 32% from year end 2025 to SEK27.7 million and accrued income more than doubled to SEK61.3 million from SEK29.5 million, while trade and other payables increased ~55% to SEK411.0 million and accrued expenses rose to SEK160.7 million from SEK146.8 million. As ENRD moves into a faster deployment phase, the ability to convert revenue into cash efficiently and manage supplier and vehicle-payment timing should become increasingly important to limiting incremental external funding needs as the fleet scales. The public-market transaction materially strengthened near-term liquidity, providing a larger capital base to support the current deployment ramp and technology roadmap. Cash increased to approximately SEK747.6 million, or $77 million, at June 30 from SEK278.8 million at YE25 and SEK112.8 million a year earlier, supported primarily by approximately $113 million of PIPE proceeds, although only ~$3.3 million remained in the SPAC trust following redemptions and transaction fees and expenses totaled approximately $34 million. With 1H operating cash use of SEK536.7 million and investing cash use of SEK16.3 million, ENRD will still require access to external funding as the business scales, but management’s strategy of financing revenue-generating fleet assets separately should reduce the amount of corporate capital required for vehicle growth and preserve more balance-sheet capacity for Saga, autonomy and commercial expansion. Capital allocation is increasingly centered on capital-efficient fleet scaling, with corporate capital reserved for technology and commercial expansion while vehicle growth is funded through non-dilutive asset-backed structures. Loans and borrowings excluding leases totaled approximately SEK49.3 million at June 30, while lease liabilities were ~SEK732.8 million and the prior SEK207.7 million convertible debenture had been eliminated. ENRD entered approximately SEK33.9 million of installment-financing arrangements for electric-truck purchases during 1H26 and subsequently added a $25 million U.S. equipment facility in August, with individual drawdowns carrying 42-month terms and an effective interest rate of approximately 14%. Management expects this asset-backed approach to extend to larger fleet programs, including the Tesla Semis, with vehicles financed against the underlying revenue-generating assets rather than through new equity, implying zero incremental equity dilution from those vehicle deployments. The strategy allows corporate capital to remain directed toward Saga AI, Einride Driver, R&D and commercial expansion, while making vehicle utilization, contribution margin and returns relative to financing costs increasingly important to determining whether fleet growth remains value-accretive. The December 2026 exit rate provides the clearest near-term marker of ENRD’s scale-up, with annualized revenue targeted at $85 million to $95 million as contracted capacity moves into deployment. For 2H26, constant-currency revenue is guided to $39-$42 million, up 60% to 73% y/y, contribution margin to 21%-23% and adjusted EBITDA to negative $35 million to $37 million. Combined with the $27 million 1H actual, this implies approximately $66 million-$69 million of 2026 constant-currency revenue and negative $70 million to $72 million of adjusted EBITDA based on disclosed results and guidance. The December run-rate is expected to be supported by a fleet just below 400 vehicles versus approximately 250 today, with the majority of the capacity underpinning that revenue level already contracted. ENRD plans to issue a business update with selected figures in the fall before moving to quarterly reporting in 2027. Beyond 2026, the operating roadmap increasingly centers on scaling the four engines required to reach management’s 2028 cash flow breakeven target. Management estimates that approximately 1,500-2,000 deployed vehicles are required to reach breakeven, while existing JBPs represent roughly 1.4x-1.8x the freight volume necessary to support that fleet. With the majority of the 500 Tesla Semis targeted to be operational before year end 2027, the next execution steps center on converting additional JBPs into signed capacity, adding deployments through Tesla and other OEMs, and scaling technology licensing alongside FCaaS. The demand base therefore appears sufficient to support the targeted operating footprint, making deployment cadence, capital efficiency and margin conversion the principal milestones into 2027 and 2028. Together, capital-efficient fleet expansion, contracted-demand conversion, continued autonomy and R&D investment, and increasing Saga AI and Einride Driver monetization form the four strategic engines supporting the path to cash flow breakeven. Disclaimer: Exec Edge does not publish proprietary estimates, ratings, price targets, or investment recommendations. The valuation discussion below is illustrative only and is based on company filings, management commentary, and third-party data and estimates. It does not constitute a recommendation, price target, rating, or prediction of future pricing. Valuation has reset materially below the original transaction level despite improving commercial visibility, leaving execution against the current deployment ramp as the principal potential re-rating catalyst. As of the 8/20 close, ENRD carries a pro forma market capitalization of ~$884 million and an EV of ~$812 million, approximately 46% below the ~$1.51 billion EV implied by the SPAC transaction. This reset has occurred despite 1H26 constant-currency revenue growth of 26%, a 60%-73% 2H26 growth outlook, and substantially greater deployment visibility following the Amazon and Tesla Semi programs. Using the midpoint of management’s $85-$95 million December annualized revenue run-rate as a forward revenue proxy, ENRD trades at approximately 9.0x EV/Sales, providing a materially lower valuation entry point despite a substantially larger and more visible operating base. ENRD screens at a substantial discount to direct trucking-autonomy peers while trading at only a modest premium to the broader autonomous-vehicle group. Aurora Innovation and Kodiak AI trade at 156.4x and 54.3x NTM EV/Sales, respectively, producing a direct trucking-autonomy average of 105.4x compared with ENRD’s 9.0x forward revenue multiple based on management’s December annualized run-rate. The direct peer multiples remain unusually high because both businesses are still early in their commercial revenue ramps; however, the dispersion illustrates the substantial premium public markets assign to autonomous-trucking commercialization potential. The broader AV and sensing peer group trades at an average of approximately 6.9x NTM EV/Sales, placing ENRD at a more measured ~30% premium. That premium appears supportable given ENRD’s existing commercial footprint of 32 customers across seven countries, approximately 250 deployed vehicles, more than 18.5 million electric miles and 5,400+ driverless hours, combined with an integrated FCaaS, Saga AI and autonomous-software model that provides both current freight revenue and longer-term technology monetization. The valuation increasingly centers on ENRD conversion of contracted demand into revenue at improving margins and lower capital intensity. Delivery of the $39-$42 million 2H26 revenue outlook, a fleet approaching 400 vehicles by year end 2026 and contribution margin improving from 20.7% to the guided 21%-23% would provide tangible evidence that the current deployment ramp is translating into operating leverage. Beyond 2026, execution of the 500 Tesla Semi program, continued conversion of the $800 million+ JBP opportunity and increasing Saga AI and Einride Driver monetization could support a progressively higher-margin revenue mix, while third-party asset-backed financing provides a pathway to expand revenue-generating fleet capacity with zero incremental equity dilution from those vehicle deployments. Conversely, slower deployment conversion, limited gross-margin improvement or weaker capital efficiency would justify maintaining a discount despite the scale of contracted and prospective demand. At 9.0x EV/Sales on December run-rate revenue, the potential re-rating case is therefore increasingly tied to demonstrating that higher fleet scale can convert into faster revenue growth, improving margins and lower equity capital intensity, rather than further proof of underlying customer demand. Read Exec Edge’s Initiation on ENRD Here Subscribe to our Weekly Newsletter to Receive All Research Contact: Executives-Edge.com [email protected] The post Einride AB Reports Growth Acceleration & Fleet Scale Moves Towards 2028 – Quarterly Update Report appeared first on ExecEdge.

Interested in Innoviz Technologies Ltd.? Here are five stocks we like better. Record Q2 revenue reached $18.1 million, driven by higher non-recurring engineering revenue tied to customer milestones; gross margin returned to positive territory. Innoviz is expanding into defense and homeland security under its Perciz brand, including a $3.5 million initial order for counter-drone and perimeter-security applications. Management expects non-automotive revenue to grow to as much as 10% in 2026 and 20%–30% in 2027. Automotive programs with Volkswagen, Daimler Truck, Mobileye and a newly announced top-10 automaker continue advancing. Innoviz raised $30 million in gross proceeds and reiterated its 2026 revenue target of $67 million to $73 million, with funding expected to extend its runway into 2028. The 3 Penny Stocks You Swore You’d Never Buy (But You’ll Check Anyway) Innoviz Technologies (NASDAQ:INVZ) reported record second-quarter revenue of $18.1 million as higher recognition of non-recurring engineering, or NRE, revenue tied to customer milestones helped lift results. The lidar developer also said it is expanding into defense and homeland-security applications through its new Perciz brand, citing an initial multimillion-dollar order and a growing customer pipeline. Chief Executive Officer Omer Keilaf said the company’s automotive-grade lidar technology is being adapted for counter-unmanned aerial systems, perimeter security and unmanned ground vehicles. He said governments in Israel, the U.S., Europe and elsewhere are increasing spending to address emerging security threats, creating what Innoviz views as a multibillion-dollar addressable market. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Innoviz said it received its first major defense order, valued at $3.5 million, for several hundred lidar units to be used in counter-UAS and perimeter-security applications. Keilaf said the systems have been installed and are operational in several locations, while the initial program could lead to larger volumes following its first deployment. The company said six organizations have publicly announced engagements involving Innoviz lidar technology during the past three months. These include Drive Group, Regulus, Givon Defense, Cogniteam, AeroNous and Kela. Keilaf said Innoviz is also in active discussions with dozens of potential customers, including some that have purchased units for testing, development and integration. → 3 Drone Stocks That Should Soar After the Summer Slump According to Keilaf, Drive Group is targeting a $20 million sales opportunity by the end of 2027 through applications including drone localization, border security and critical-infrastructure protection. Innoviz said its defense offering can provide three-dimensional localization for small drones and support intrusion detection at distances of up to 1 kilometer in perimeter-security applications. Keilaf said the defense business could complement Innoviz’s longer-cycle automotive operations because of shorter sales cycles, significantly higher average selling prices and potential gross-margin improvement. The company expects non-automotive sales to rise from 1% of revenue in 2025 to up to 10% in 2026, and to account for roughly 20% to 30% of revenue in 2027. → The Bitcoin Comeback May Already Be Underway—2 ETFs for Exposure In response to an analyst question, Keilaf said booked defense and security business is approximately halfway toward the company’s non-automotive revenue target for 2026. He said management has “high confidence” that Innoviz can meet its goal for the year. Innoviz said its automotive programs remain on track, including work supporting Volkswagen’s ID. Buzz autonomous vehicle program and Daimler Truck’s Level 4 platform. Keilaf said ID. Buzz vehicles are being tested in Los Angeles, Orlando, Austin, Hamburg, Munich and Oslo with partners including MOIA, Uber and Beep. He added that passengers can already book rides in Hamburg as part of MOIA’s ALIKE project. Mobileye has announced a robotaxi platform that uses nine Innoviz lidar units per vehicle, Keilaf said. He said the platform represents a potential opportunity of 150,000 units in addition to Innoviz’s existing programs with Mobileye, Volkswagen, Daimler Truck and others. The company also announced a development project with a top-10 global automaker involving an InnovizTwo lidar-based perception stack powered by NVIDIA hardware. Keilaf said the newly disclosed OEM relationship is focused on Level 3 driving applications, while the automaker is also developing platforms targeting Level 4 autonomy. He said revenue from the development effort will primarily consist of NRE payments and lidar sales, though Innoviz did not disclose the value of the project. The company expects the engagement to help establish a relationship that could later develop into a series-production program. Keilaf said Innoviz is participating in multiple OEM selection processes, with decisions expected over the coming quarters. For programs with start of production before 2028, the company is offering InnovizTwo products. For later programs, it is also offering InnovizThree, which it said has a smaller form factor and lower power consumption designed for behind-the-windshield installation. Chief Financial Officer Eldar Cegla said second-quarter revenue benefited from increased NRE recognition as programs approached start of production. Gross margin returned to positive territory during the quarter, and the company expects full-year gross margin to remain positive, supported by defense shipments, NRE payments and automotive volume production. Second-quarter revenue: $18.1 million Cash used in operations and capital expenditures: approximately $15.2 million Quarter-end cash equivalents, short-term deposits and marketable securities: approximately $48.5 million Long-term debt: none Gross proceeds from a registered direct offering closed July 29: $30 million Cegla said the $48.5 million quarter-end balance did not include the additional $30 million in gross offering proceeds. He said the company expects the financing to provide operational runway into 2028 and support commercialization of the Perciz defense and security business. Innoviz reiterated its 2026 revenue target of $67 million to $73 million, driven by lidar shipments and NRE payments. Management expects the bulk of second-half revenue to arrive in the fourth quarter because of the timing of customer milestones and start-of-production programs. The company also maintained its goal of securing $20 million to $30 million in new NRE payment plans and adding two to three new programs during 2026. Addressing a sequential decline in research-and-development expense, Cegla said the change was largely technical rather than operational, reflecting the reallocation of costs to cost of goods sold when NRE is recognized. He said the size of the company’s R&D organization was “practically the same” as it had been previously. Innoviz Technologies Ltd. (NASDAQ: INVZ) is a developer of high-performance solid-state LiDAR sensors and perception software designed to support advanced driver assistance systems (ADAS) and autonomous driving applications. The company’s core business focuses on providing automotive-grade LiDAR hardware, along with software algorithms that enable accurate 3D mapping, object detection and environmental perception in real time. Innoviz’s technology is tailored for integration into passenger vehicles, commercial fleets and other mobility platforms seeking improved safety and autonomy. Founded in 2016 and headquartered in Rosh Ha’ayin, Israel, Innoviz has emerged as a key supplier to leading global automakers and Tier 1 suppliers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Innoviz Technologies Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Interested in General Motors Company? Here are five stocks we like better. General Motors showed that traditional auto profits remain strong when pricing, trucks and SUVs hold up. Mobileye’s results showed adoption of driver-assistance technology is still growing, but pricing and leadership uncertainty remain concerns. Together, the reports suggest the future of autos may come in stages rather than through a smooth, fast shift to EVs and autonomy. General Motors Co. (NYSE: GM) and Mobileye Global Inc. (NASDAQ: MBLY) both reported earnings recently, and between them, they said as much, if not more, about where the car industry is actually heading than any amount of noise around Tesla Inc. (NASDAQ: TSLA) after its own report. The two sit at opposite ends of the same industry. GM, a $73 billion auto-giant, tells you what consumers are buying, what they're willing to pay, and whether the shift to electric is making or losing money. Mobileye, an $8 billion auto-technology company, tells you what automakers are spending on the driver-assistance and autonomy systems meant to define the next decade. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Read together, the two reports point to a conclusion that won't please anyone hoping the future of driving arrives on schedule. For investors willing to accept that, though, both stocks offer an interesting way to play it. The message from GM’s report was clear: demand is solid. The company beat on both lines and raised full-year profit guidance for the second time this year, which isn't something a business does when it's worried about what's coming. → This Tiny AI Supplier Could Be More Important Than the Chipmakers What sits underneath that is more interesting. GM has been holding pricing relatively steady, rather than trying to buy volume through discounts, with its incentive spending running comfortably below the industry average. That distinction matters because a carmaker that has to discount to move inventory is telling you something very different from one that doesn't. Unsurprisingly, its truck and SUV franchise remains the engine. GM held well over 40% of the U.S. full-size pickup market in the quarter, and its large SUVs are outselling the nearest competitor by roughly three to one. Margins expanded meaningfully on the back of lower warranty costs and better operating efficiency, while the software side of the business, built around OnStar and Super Cruise, kept growing at a healthy clip. → 2 Stocks Built to Thrive If Inflation Refuses to Fade There was one blemish of note: management trimmed net income guidance because of ongoing electric vehicle (EV) costs, even as it raised the operating profit outlook. In other words, its traditional business is doing the heavy lifting, and the ongoing electric transition is still finding its way. Mobileye's report was a little messier, though, at the same time, more revealing. The company also beat analyst expectations, but shares traded down anyway on a combination of soft forward guidance and news that its founder, Amnon Shashua, intends to step down, with no successor yet named. That latter headline was always going to spook investors, but the number that mattered the most was buried in the guidance. Unit shipments actually grew year on year, meaning automakers are still fitting Mobileye's systems into more vehicles. But the average price per system fell, which helps explain why the company is guiding to roughly flat revenue despite selling more units. That's the whole story in a sentence. Adoption of driver-assistance technology might be intact and broadening, but the economics are not improving at the same pace, squeezed in part by the growth of Chinese automakers exporting at volume. In other words, its technology is being used more and more, but that isn't translating into stronger pricing. The reaction to both reports was interesting. GM saw a wave of price target increases in the days after its print, with Goldman Sachs, Morgan Stanley, Royal Bank of Canada and TD Cowen all moving higher while maintaining bullish ratings. The most aggressive of those came from TD Cowen, whose fresh street-high target of $132 implies close to 60% upside from current levels. Mobileye's results weren’t covered as in-depth, but the upside opportunity identified was equally compelling. The team at Needham reiterated their Buy rating on the stock with a target of $13, also implying close to 60% upside. However, investors getting involved need to be aware that Mobileye’s chart is not for the faint of heart, and the stock was printing all-time lows as recently as April. GM, on the other hand, is sitting just a few dollars off its all-time high. With that in mind, GM clearly has the stronger hand and offers investors a safer opportunity. It's generating cash from products people are paying full price for, it's raising guidance rather than trimming it, and the market has been happy to lean into its track record. Mobileye may still get there eventually, but this week’s report added two new uncertainties to a story that already had plenty. Falling per-unit pricing and an unplanned leadership transition aren't usually the conditions under which a stock starts reversing a multi-year sell-off. You could argue that the case for avoiding auto stocks altogether is easier to make than it was a year ago, given tariffs, commodity costs and an electric transition that keeps costing more than expected. But sitting the sector out entirely means ignoring at least one business that’s currently converting strong demand into rising profit forecasts, which is not something the industry is offering in many other places right now. The article "Forget Tesla: These 2 Earnings Reports Reveal Where the Auto Market Is Heading" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Mobileye Global (MBLY) just delivered a solid second-quarter beat, yet the stock got crushed. On July 23, 2026, the autonomous-driving pioneer posted second-quarter 2026 revenue of $508 million and $0.19 in adjusted EPS, both comfortably ahead of Wall Street expectations. Management even raised full-year guidance. On paper, it looked like a clean win. Then the shoe dropped. Mark Cuban Says His Black Amex Got Declined Buying a $140,000 Bottle of Champagne After Mavs Win in Miami — ‘Can I Please Spend Some Money?’ Alphabet Is Getting ‘Ambitious’ With AI. Don’t Get Ambitious With GOOGL Stock. Cathie Wood Just Poured $18 Million Into Meta Stock. Here’s Why. Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Founder and long-time CEO Amnon Shashua, the man who built Mobileye from a 1999 Israeli startup into the world’s leading supplier of advanced driver-assistance systems, steered it through a $15.3 billion sale to Intel (INTC), and brought it back public in 2022, announced he is stepping down as CEO after 27 years once a successor is named. At the same time, the company guided for a 5% to 6% sequential revenue decline in the third quarter. Investors didn’t wait for the full story. Shares plunged roughly 15% in a single session, their steepest drop in nearly two years. So here we are: a company printing stronger profits, raising its outlook, and still getting punished. Does Amnon Shashua’s exit point to deeper trouble, or is the sell-off just giving investors a cheaper way into a company that just beat expectations? Mobileye makes driver-assistance and self-driving systems for automakers, so its business moves on the slower pace of car programs, not quick consumer sales. The stock has been weak, down 46.8% over the past 52 weeks and 21.4% year-to-date (YTD). Still, the latest quarter was better than expected. Revenue came in at $508 million, above the $485.1 million estimate. Adjusted EPS was $0.19, far ahead of the $0.06 forecast, and adjusted operating income hit $155 million versus $42.74 million expected. Margin also improved to 30.5%. Mobileye Global raised full-year revenue guidance to a $2 billion midpoint from $1.98 billion, while operating margin improved to -5.9% from -14.6% a year ago. Free cash flow was still negative at -$45 million, though that was down from $199 million in the same quarter last year. Despite the sharp share-price reaction on July 23, 2026, the core engine that made Mobileye the dominant force in advanced driver-assistance systems remains largely intact — and, in some respects, is accelerating. Mobileye is pushing beyond simply supplying self-driving technology by building its own robotaxi business. Instead of only providing the technology, the company plans to own and run an autonomous ride-hailing service. The business is expected to launch in a U.S. city in 2027, adding fleet operations, rider services, and mobility management to what Mobileye already does as a technology provider. The company is also building on its position in advanced driver-assistance systems. Mobileye recently landed a major production program with a leading U.S. automaker that will add its Driver Monitoring System (DMS) to future vehicles powered by the EyeQ6L chip, with production set to begin in 2027. The deal is expected to cover millions of vehicles across several models and model years. Further, it expands an existing ADAS program instead of replacing it, giving Mobileye an even bigger role inside those vehicles. At the same time, Mobileye is growing its technology network through a new partnership with Elektrobit. The two companies are integrating EB corbos Linux for Safety Applications into Mobileye Drive, its Level 4 autonomous driving platform. The safety-certified operating system is built for advanced driver-assistance systems and autonomous vehicles, giving automakers and robotaxi operators a platform that meets automotive safety standards while supporting over-the-air software updates. Mobileye has not announced the date for its next earnings report yet, but analysts expect the company to post a loss of $0.04 per share in both the September and December 2026 quarters. For the full 2026 fiscal year, Wall Street expects a loss of $0.09 per share, compared with earnings of $0.04 a share last year. That cautious outlook is one reason Wolfe Research recently downgraded the stock to “Peer Perform” from “Outperform.” Analyst Emmanuel Rosner said there are few near-term drivers for growth and believes Wall Street’s 2026 estimates are still too high. Wolfe's adjusted operating income forecast of $288 million is 16% below the broader consensus, and the firm expects revenue to grow only in the low single digits. Not everyone on Wall Street is as cautious, though. Goldman Sachs recently raised its price target to $9 while keeping a “Neutral” rating, saying the rollout of higher-value products should help support the business over time. Among 26 analysts covering the stock, Mobileye has a consensus “Moderate Buy” rating. Their average price target of $13.11 suggests the stock could climb 62.9% from current price levels. Mobileye’s sell-off looks more like a reaction to the founder’s exit than a verdict on the business itself. The quarter was solid, guidance moved higher, and the long-term product story still has real legs. But the leadership change does add a layer of uncertainty that investors are clearly not brushing aside. In the near term, the stock could stay choppy as the market digests the transition, yet unless the next CEO reset goes badly, the shares are more likely to drift higher than collapse from here. The bigger risk is not the latest numbers, but whether Mobileye can keep proving its growth story without Shashua at the center. On the date of publication, Ebube Jones did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Core ADAS business outperformed top 10 customer production by 8 percentage points in Q2, driven by higher fitment rates in emerging markets and China OEM export strength. Profitability was significantly bolstered by a new Israeli R&D incentive law, which expanded adjusted operating margins by 10 points to 31% through retroactive credits. Management views recent competitive losses on high-risk, low-volume programs as a deliberate risk-allocation strategy by OEMs, while Mobileye continues to win high-volume, production-ready contracts. Cloud-Enhanced ADAS is emerging as a critical economic bridge, offering gross profit per unit more than double that of base ADAS programs. The decision to establish a vertically integrated robotaxi offering marks a pivot from a pure technology supplier model to controlling the entire value chain, including fleet operations. Founder Amnon Shashua is stepping down as CEO to focus on long-term technology strategy and physical AI, citing the need for an operational leader to scale upcoming commercial launches. Full-year revenue outlook increased to $1.995 billion at the midpoint, assuming 39 million EyeQ units despite a projected 4.5% decline in top customer production. The 2026 adjusted operating income guidance was raised to $395 million, incorporating an expected $180 million to $200 million benefit from the new R&D incentive. Robotaxi commercial deployment is targeted for Orlando by the end of 2026, with a broader vertically integrated launch in at least one U.S. city planned for 2027. SuperVision shipment volumes are expected to decrease in the second half of 2026 as customers consume intentional inventory built to protect against component shortages. Humanoid robotics development remains on track for a 2028 B2C launch, with the V4 production-ready hardware model expected in Q1 2027. The R&D incentive benefit is sustainable but contingent on Intel maintaining a controlling stake; a change in control would reduce the benefit by approximately half. Moovit is undergoing a restructuring to reduce B2B headcount and refocus resources on the new vertically integrated robotaxi strategy. Israel's implementation of OECD Pillar Two global minimum tax rules is expected to increase the effective tax rate to 15% starting in 2027. Management noted some push-out of advanced product samples into 2027, which carry high per-unit prices and impacted the 2026 revenue mix. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management cited increased clarity on the business case, with projected revenue of $125,000 per vehicle per year against a vehicle cost below $100,000. Vertical integration provides go-to-market flexibility, allowing Mobileye to operate its own service, integrate with TNC networks, or sell validated vehicles to operators. Memory price increases have been fully passed through to SuperVision customers, resulting in a modest gross margin headwind but minimal impact on total profitability. Base EyeQ business remains largely insulated from memory price volatility as Mobileye provides only the chip in those applications. Mobileye remains the preferred partner for Chinese OEM exports to Europe and emerging markets due to the global reliability of its system. Management has not yet seen local Chinese competitors successfully launch solutions in major foreign markets like Europe, the U.S., or Japan. The credit is designed to supersede previous lower tax rates and is considered sustainable, though it is a cash benefit with a two-year delay in realization. The benefit magnitude is tied to R&D concentration in Jerusalem and the consolidated revenue threshold of the controlling shareholder.

Mobileye Global Inc. MBLY reported second-quarter 2026 adjusted earnings of 19 cents per share, beating the Zacks Consensus Estimate of 6 cents by 216.7%. Adjusted earnings increased 50% year over year, aided by an Israeli R&D incentive grant that reduced research and development expenses.Revenues of $508 million surpassed the consensus estimate of $484 million by 5% and edged up 0.4% year over year. Systems shipped rose 3% to 10 million, though lower EyeQ pricing limited revenue growth. Mobileye Global Inc. price-consensus-eps-surprise-chart | Mobileye Global Inc. Quote EyeQ and SuperVision revenues totaled $485 million compared with $481 million in the year-ago quarter. The number of systems shipped increased from 9.7 million, reflecting higher customer demand.Average system price declined to $48.50 from $49.70. Mobileye attributed the pressure mainly to higher-than-expected export volumes from China-based automakers, which carry lower EyeQ average selling prices. GAAP gross profit declined 7% to $235 million, while gross margin contracted to 46% from 50%. The lower EyeQ average selling price and a larger share of SuperVision revenues weighed on profitability because SuperVision includes more hardware content.Adjusted gross profit fell 4% to $333 million. Adjusted gross margin narrowed 303 basis points to 66%, showing that shipment growth did not fully offset the less favorable pricing and product mix. Adjusted operating income climbed 46% to $155 million, lifting adjusted operating margin to 31% from 21%. The improvement primarily reflected the R&D incentive grant recognized in the quarter for the entire first half of 2026.Mobileye recorded roughly $110 million on a GAAP basis and $93 million on a non-GAAP basis as an offset to second-quarter R&D expenses. The law applies from the beginning of 2026 and has no scheduled expiration date. The company added a high-volume Cloud-Enhanced ADAS design win with Stellantis. Gross profit per unit for the program is expected to be roughly in line with Surround ADAS and more than twice Mobileye's current average base ADAS profitability.Robotaxi preparations with Volkswagen Group's MOIA remained on track. MOIA began public user testing in Hamburg with safety drivers, while Mobileye advanced vendor discussions and Moovit applications for its planned vertically integrated mobility service. The GAAP operating loss narrowed to $30 million from $74 million, while operating margin improved to negative 6% from negative 15%. Net loss narrowed to $21 million from $67 million, and GAAP loss per share narrowed to 3 cents from 8 cents. Operating cash flow totaled $210 million in the first six months of 2026, while capital expenditures were $51 million. The company repurchased $24 million of shares through the end of the second quarter under its $250 million authorization.As of June 27, 2026, Mobileye had $1.31 billion in cash and cash equivalents, down from $1.84 billion as of Dec. 27, 2025. Inventories declined to $310 million from $327 million at the end of 2025, while accounts receivable increased to $208 million from $131 million. MBLY now expects 2026 revenues of $1.97-$2.02 billion, up from the prior range of $1.94-$2.02 billion. The new midpoint is $20 million higher and implies year-over-year growth of 4-7%.Adjusted operating income is projected at $365-$425 million, sharply above the previous estimated range of $185-$235 million. The revision mainly reflects an expected non-GAAP R&D grant benefit of $180-$200 million for the year.MBLY currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. General Motors Company GM reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.Tesla, Inc. TSLA reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years. Genuine Parts GPC reported second-quarter 2026 adjusted earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.10 by 2.38%. The bottom line increased 2.4% from $2.10 in the year-ago quarter. Revenues rose 6% year over year to $6.54 billion and surpassed the consensus estimate of $6.39 billion by 2.36%. Genuine Parts reaffirmed its 2026 adjusted earnings guidance of $7.50-$8 per share and total sales growth outlook of 3-5.5%. Genuine Parts ended June with $2.3 billion of liquidity, including $559 million in cash. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report Genuine Parts Company (GPC) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investing.com - U.S. stock index futures pointed lower on Thursday as investors digested another round of technology earnings and monitored escalating tensions in the Middle East that pushed oil prices back above $98 a barrel, renewing concerns over inflation and global growth. By 05:44 ET (09:44 GMT), Dow Jones Futures fell 200 points, or 0.4%, S&P 500 Futures slipped 27 points, or 0.4%, and Nasdaq 100 Futures declined 108 points, or 0.4%. The retreat follows a mixed earnings season for technology companies, with investors continuing to scrutinize whether corporate results can justify elevated valuations tied to the artificial intelligence boom. Rising crude prices also remained in focus after renewed geopolitical tensions added to concerns over global energy supplies. Here are some of the biggest premarket U.S. stock movers today: Vita Coco surged 8.8% in premarket trading after the coconut water maker reported second-quarter results that comfortably exceeded Wall Street expectations. Net sales climbed 28% year-over-year to $216 million, while adjusted EBITDA jumped to $67 million, well above analyst estimates of about $45 million. Gross margin expanded to 49% from 36% a year earlier, highlighting stronger pricing power and improved operating efficiency. Hut 8 gained 6.0% after Morgan Stanley initiated coverage of the AI infrastructure company with an Overweight rating and a Street-high price target of $263. The brokerage cited growing demand for AI infrastructure, prompting investors to bid shares higher before the opening bell. Dow Inc. slipped 2.8% despite posting better-than-expected second-quarter results. The exchange operator reported adjusted earnings per share of $1.44, topping estimates of roughly $1.25, while revenue of $12.09 billion also edged past forecasts. Investors appeared to look past the earnings beat, with results aided by higher prices and volumes stemming from supply disruptions linked to the Middle East conflict. Mobileye fell 4.4% after the autonomous driving technology company announced that founder and Chief Executive Amnon Shashua plans to step down once a successor is appointed, overshadowing an upbeat earnings report. The company posted adjusted earnings of $0.19 per share, well ahead of expectations for $0.06, while revenue of $508 million topped forecasts. Mobileye also raised its full-year revenue outlook, although investors focused on the leadership transition and flat year-over-year sales growth. Domo soared 21% after announcing that Progress Software will acquire substantially all of its assets and certain liabilities for $400 million in cash. The deal includes Domo’s technology platform, customer contracts, intellectual property and employees, and follows a strategic review by the company’s board. Investors welcomed the takeover premium, sending the stock sharply higher in premarket trading. Related articles Vita Coco, Domo rallies, Mobileye falls premarket in earnings deluge Goldman expects lower but still attractive stock market returns in 2026 As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’

Mobileye Global (MBLY) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +216.67%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.08 per share when it actually produced earnings of $0.12, delivering a surprise of +50%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Mobileye, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $508 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $506 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Mobileye shares have lost about 15.9% since the beginning of the year versus the S&P 500's gain of 9.6%. While Mobileye has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Mobileye was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $472.29 million in revenues for the coming quarter and $0.28 on $1.98 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Innoviz Technologies Ltd. (INVZ), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5. This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Innoviz Technologies Ltd.'s revenues are expected to be $16.33 million, up 67.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report Innoviz Technologies Ltd. (INVZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Mobileye Global (NASDAQ:MBLY) shares surged nearly 10% in premarket trading on Thursday after the autonomous driving technology company reported second-quarter earnings well above Wall Street expectations and increased its revenue and profit guidance for the full year. The stronger outlook was supported by solid operational performance and the financial benefits of Israel’s new research and development incentive programme. Mobileye reported adjusted earnings of $0.19 per share for the second quarter, comfortably ahead of analysts’ consensus estimate of $0.06. Revenue totalled $508 million, exceeding market expectations of $482.2 million and remaining broadly unchanged from the same period last year. Following the results, the company’s shares climbed almost 10% in premarket trading. Mobileye raised its full-year 2026 revenue forecast to between $1.97 billion and $2.02 billion. The midpoint of the updated outlook, $1.995 billion, is above analysts’ consensus estimate of $1.93 billion and represents an increase of $20 million compared with the company’s previous guidance. The revised forecast implies annual revenue growth of between 4% and 7%. The company also increased its adjusted operating income guidance to between $365 million and $425 million, representing an 88% increase at the midpoint compared with its previous forecast. Mobileye said improved profitability during the quarter was primarily driven by an incentive grant under Israel’s newly enacted R&D Law, which took effect at the beginning of 2026. The company recognised approximately $110 million in GAAP benefits and $93 million in adjusted benefits during the second quarter, reducing research and development expenses for both the first and second quarters. For the full year, Mobileye expects to receive between $197 million and $217 million in GAAP benefits, alongside adjusted benefits of between $180 million and $200 million under the programme. Chief Executive Officer Prof. Amnon Shashua said, “The core business continued its strong momentum in Q2 as we focus our development and execution efforts on a number of advanced product launches in late 2026 and throughout 2027.” Adjusted operating income increased 46% year over year to $155 million, while adjusted operating margin expanded to 31% from 21% in the second quarter of 2025. Although revenue remained flat compared with last year, system volumes increased by 3%. The company said higher export volumes from Chinese automotive manufacturers were offset by lower average selling prices. Mobileye also generated $210 million in operating cash flow during the first half of 2026, highlighting continued cash generation alongside its improving earnings outlook. Mobileye Global stock price