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Mobileye falls below $10 as investors weigh leadership shift
Mobileye’s latest results showed adjusted operating profit up nearly 50% year over year, and the company raised full-year guidance.
Robotics-linked investor attention is focusing on Mobileye after its shares slid into single digits and under $10, despite the company continuing to show operating progress, according to MarketBeat Ratings.
The outlet attributes part of the decline to investor concern after CES that Mobileye was not demonstrating enough new commercial progress, and then to a further drop after founder and CEO Amnon Shashua said he plans to step down once a successor is found.
MarketBeat Ratings points to Mobileye’s Q2 2026 earnings as a counterweight to the selloff, saying adjusted operating profit rose nearly 50% year over year and management raised full-year guidance.
The company also outlined plans to expand beyond licensing technology and to operate a robotaxi fleet in a major U.S. city by 2027, as analysts remain divided, with a consensus price target of $12.64 based on 25 analysts.