What changed in this filing

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Item 1. Financial Statements

2026-07-23 compared with 2026-04-23 · 217 added, 93 removed, 566 unchanged (35% of the section changed)

32 unchanged sentences

shares issued and outstanding:

243,656,395 as of March 28, 2026 and 216,980,847 as of December 27, 2025

242,205,475 as of June 27, 2026 and 216,980,847 as of December 27, 2025

Class B common stock:

2 unchanged sentences

shares issued and outstanding:

597,768,015 as of March 28, 2026 and December 27, 2025

597,768,015 as of June 27, 2026 and December 27, 2025

Additional paid-in capital

6 unchanged sentences

Three Months Ended

Six Months Ended

dollars in millions, except share and per share data

25 unchanged sentences

Three Months Ended

Balance as of December 28, 2024

Balance as of March 28, 2026

Net income (loss)

Other comprehensive income (loss), net

Tax sharing agreement with Parent

Share-based compensation expense

Recharge to Parent for Share-based compensation

Issuance of common stock under employee share-based compensation plans

Repurchase of common stock

Balance as of June 27, 2026

Balance as of March 29, 2025

Balance as of December 27, 2025

Net income (loss)

2 unchanged sentences

Recharge to Parent for Share-based compensation

Issuance of common stock under employee share-based compensation plans

Balance as of June 28, 2025

Six Months Ended

Balance as of December 27, 2025

Net income (loss)

Other comprehensive income (loss), net

Share-based compensation expense

Issuance of common stock under employee share-based compensation plans

Issuance of common stock in connection with the acquisition of Mentee Robotics

Balance as of March 28, 2026

Repurchase of common stock

Balance as of June 27, 2026

Balance as of December 28, 2024

Net income (loss)

Other comprehensive income (loss), net

Tax sharing agreement with Parent

Share-based compensation expense

Recharge to Parent for Share-based compensation

Issuance of common stock under employee share-based compensation plans

Balance as of June 28, 2025

* Less than $1 million.

2 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Three months ended

Six Months Ended

dollars in millions

8 unchanged sentences

Deferred income taxes

(Gains) losses on equity and debt investments, net

Changes in operating assets and liabilities:

15 unchanged sentences

CASH FLOWS FROM FINANCING ACTIVITIES

Share-based compensation recharge

Net cash provided by financing activities

Repurchase of common stock

Net cash used in financing activities

Effect of foreign exchange rate changes on cash and cash equivalents

5 unchanged sentences

Tax sharing agreement with Parent

* Less than $1 million

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

4 unchanged sentences

(“Mobileye”, “the Company” or “we”) is a leader in the development and deployment of advanced driver assistance systems (“ADAS”) and autonomous driving technologies and solutions, aimed to provide the capabilities required for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies.

Intel Corporation (“Intel” or the “Parent”) directly or indirectly holds all of the Class B common stock of Mobileye as well as 50,000,000 shares of Class A common stock, which as of March 28, 2026, together represent approximately 77.0 % of our outstanding common stock and 96.9 % of the voting power of our common stock.

Intel Corporation (“Intel” or the “Parent”) directly or indirectly holds all of the Class B common stock of Mobileye as well as 50,000,000 shares of Class A common stock, which as of June 27, 2026, together represent approximately 77.1 % of our outstanding common stock and 96.9 % of the voting power of our common stock.

Operations in Israel

4 unchanged sentences

military bases in the region.

On April 8, 2026, the United States and Iran agreed to a two-week ceasefire.

Although the United States and Iran have announced ceasefire and de-escalation arrangements from time to time, including a memorandum of understanding entered into on June 17, 2026 that contemplates the termination of military operations on multiple fronts, hostilities have resumed and may continue or escalate.

How long and how severe the current conflicts in Gaza, Northern Israel, Lebanon, Iran or the broader region last and become is unknown at this time and any continued clash among Israel, Hamas, Hezbollah, Iran or other countries or militant groups in the region may escalate in the future into a greater regional conflict.

To date, our operations have not been materially affected, although as of April 15, 2026 approximately 7.0 % of our employees have been called to reserve duty in the Israel Defense Forces.

However, any hostilities involving Israel, regional geopolitical instability or the interruption or curtailment of trade or diplomatic relations between Israel and its trading partners as a result thereof could adversely affect our business, results of operations, and financial condition.

To date, our operations have not been materially affected, although as of July 15, 2026 approximately 2.4 % of our employees have been called to reserve duty in the Israel Defense Forces.

However, since these are events beyond our control, their continuation or cessation may affect our expectations.

We continue to monitor political and military developments closely and examine the consequences for our operations and assets.

Share Purchase Agreement for the acquisition of 100 % of Mentee Robotics shares

9 unchanged sentences

These condensed consolidated financial statements have been prepared on the same basis as the Company’s annual audited consolidated financial statements and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Company’s financial information.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

We have a 52- or 53-week fiscal year that ends on the last Saturday in December.

1 unchanged sentence

fiscal year 2025 was also a 52-week fiscal year.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The results of operations for the three months ended March 28, 2026 shown in this report are not necessarily indicative of the results to be expected for the full year ending December 26, 2026.

The results of operations for the three and six months ended June 27, 2026 shown in this report are not necessarily indicative of the results to be expected for the full year ending December 26, 2026.

The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the fiscal year ended December 27, 2025.

There have been no material changes in our significant accounting policies as described in our consolidated financial statements for the fiscal year ended December 27, 2025, except as detailed below regarding accounting for a business combination.

For further detail, see Note 2 in the audited consolidated financial statements for the fiscal year ended December 27, 2025.

5 unchanged sentences

On an on-going basis, management evaluates its estimates, judgments, and assumptions.

The most significant estimates and assumptions relate to valuation of intangible assets, useful lives of intangible assets, impairment assessment of intangible assets and goodwill, and income taxes.

The most significant estimates and assumptions relate to valuation of intangible assets, useful lives of intangible assets, impairment assessment of intangible assets and goodwill, income taxes and research and development incentives.

A change in estimates, including a change in the overall market value of the Company, could require reassessments of the items noted above.

Research and Development Incentives

On March 29, 2026, a new law was enacted by the Israeli Knesset, the “Law for the Encouragement and Incentivization of Research and Development, 2026” (the “R&D Law”).

The R&D Law introduces a refundable tax credit regime which applies to qualifying research and developments expenditures incurred in tax years beginning on or after January 1, 2026.

The R&D Law provides eligible companies with an incentive calculated as a percentage of qualifying research and development expenditures incurred in Israel.

Subject to applicable statutory requirements and other conditions, the incentive may be offset against Israeli income taxes or Israeli qualified domestic minimum top‑up taxes (“QDMTT”).

Alternatively, an unused grant may be received in cash after the prescribed carryforward period, or an eligible company may make an irrevocable election to receive the incentive as a cash grant rather than a credit.

Because the incentive may be received in cash and is determined based on qualifying research and development expenditures, the Company accounts for this benefit using a government grant accounting model applied by analogy.

The Company recognizes the incentive as qualifying expenditures are incurred, in the same period in which the related research and development expenses are recognized, when there is reasonable assurance that the Company will comply with the applicable conditions and the incentive will be received.

The Company presents amounts recognized as a reduction of research and development expenses.

As of June 27, 2026, the Company recognized an asset of $ 110 million under other long term assets, with a corresponding reduction to research and development expenses in the amount of $ 110 million for the three and six months ended June 27, 2026, reflective of the first half of 2026.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Business Combinations

11 unchanged sentences

Acquisition related expenses are recognized separately from the business combination and expensed as incurred.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Cash, cash equivalents and restricted cash

1 unchanged sentence

dollars in millions

March 28, 2026

June 27, 2026

December 27, 2025

6 unchanged sentences

The Company’s investment in money market funds is measured at fair value within Level 1 of the fair value hierarchy because they consist of financial assets for which quoted prices are available in an active market.

Interest income related to money market funds for the three months ended March 28, 2026 and March 29, 2025, amounted to $ 7 million and $ 10 million, respectively.

Interest income related to money market funds for the three months ended June 27, 2026 and June 28, 2025 amounted to $ 5 million and $ 11 million, respectively;

and $ 12 million and $ 21 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

The Company’s investment in U.S.

1 unchanged sentence

bonds for which quoted prices are available in an active market.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The Company’s derivative instruments designated as hedging instruments are measured at fair value within Level 2 of the fair value hierarchy.

6 unchanged sentences

Participation in expenses for research and development projects are recognized on the basis of the costs incurred and are netted against research and development expenses in the condensed consolidated statements of operations and comprehensive income (loss).

Research and development reimbursements of $ 16 million and $ 26 million were offset against research and development costs in the three months ended March 28, 2026 and March 29, 2025, respectively.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Research and development reimbursements of $ 34 million and $ 19 million were offset against research and development costs in the three months ended June 27, 2026 and June 28, 2025, respectively;

and $ 50 million and $ 45 million were offset in the six months ended June 27, 2026 and June 28, 2025, respectively.

Derivatives and hedging

4 unchanged sentences

For these derivative instruments, designated as a cash flow hedge, gains and losses are reported as a component of other comprehensive income (loss) and reclassified into earnings in the same line item associated with the hedged transaction and in the same period or periods during which the hedged transaction affects the statement of operations and comprehensive income (loss).

As of March 28, 2026, the Company expects to reclassify all of its unrealized gains and losses from accumulated other comprehensive income (loss) to earnings during the next twelve months.

As of June 27, 2026, the Company expects to reclassify all of its unrealized gains and losses from accumulated other comprehensive income (loss) to earnings during the next twelve months.

The cash flows associated with these derivatives are classified in the consolidated statements of cash flows consistently with the classification of the underlying hedged transaction, within cash flows from operating activities.

1 unchanged sentence

dollars in millions

March 28, 2026

June 27, 2026

December 27, 2025

Notional amount of derivatives contracts

Notional amount of derivative contracts

Fair value of derivative assets

The changes in accumulated other comprehensive income (loss) relating to gains (losses) on derivatives used for hedging for the three months ended March 28, 2026, and March 29, 2025, were as follows:

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The changes in accumulated other comprehensive income (loss) relating to gains (losses) on derivatives used for hedging were as follows:

Three Months Ended

Six Months Ended

dollars in millions

March 28, 2026

March 29, 2025

June 27, 2026

June 28, 2025

June 27, 2026

June 28, 2025

Other comprehensive income (loss) before reclassifications

17 unchanged sentences

corporate bonds are made with high-credit-quality counterparties, and we limit our credit exposure to any single counterparty.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The Company’s accounts receivable are derived primarily from sales to Tier 1 suppliers to the automotive manufacturing industry located mainly in the U.S., Europe, and China.

7 unchanged sentences

Expected credit losses are recorded as general and administrative expenses in the Company’s condensed consolidated statement of operations and comprehensive income (loss).

As of March 28, 2026 and December 27, 2025, the credit loss allowance for trade accounts receivable was not material.

For the three months ended March 28, 2026 and March 29, 2025, the charge-offs and recoveries in relation to the credit losses were not material.

As of June 27, 2026 and December 27, 2025, the credit loss allowance for trade accounts receivable was not material.

For the three and six months ended June 27, 2026 and June 28, 2025, the charge-offs and recoveries in relation to the credit losses were not material.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Customer concentration risk

13 unchanged sentences

However, if similar disruptions were to recur, depending on their duration and severity, we may again be required to operate with reduced inventory levels, which could limit our ability to meet customer demand.

As a result, we are substantially reliant on timely shipments of EyeQ™ SoCs from STMicroelectronics and ECUs from Quanta Computer (or other suppliers) to fulfill customer orders and if such a shortfall of chips or ECUs were to occur, we may be unable to offset future supply constraints through the use of inventory on hand.

Since our EyeQ™ SoC is the core of our ADAS and autonomous driving solutions, continued, acute shortages in the supply of sufficient EyeQ™ SoCs to meet our production needs would impair our ability to meet our customers’ requirements in a timely manner, and would affect our business, results of operations, and financial condition potentially in an adverse manner.

As a result, we are substantially reliant on timely shipments of EyeQ™ SoCs from STMicroelectronics and ECUs from Quanta Computer (or other suppliers) and may in the future become reliant on additional suppliers such as TSMC, to fulfill customer orders and if such a shortfall of chips or ECUs were to occur, we may be unable to offset future supply constraints through the use of inventory on hand.

Further, in 2025 and in 2026 the AI industry has generated increased demand for components necessary for the production of our solutions, including EyeQ™ SoCs and ECUs for our SuperVision™, Mobileye Chauffeur™ and Mobileye Drive™ solutions.

This new demand has resulted in and may continue to result in increased competition for and shortages of components necessary for our solutions, substantial increases in prices for such components and suppliers requiring us to increase lead times and purchase greater quantities of such components in advance in order to ensure we secure sufficient supply.

Such shortages of components, as well as the increases in pricing, order requirements and lead times, has and may continue to impact our ability to supply solutions to our customers in order to meet demand as well as impact OEMs’ ability to purchase our solutions.

Our reliance on single or limited suppliers and vendors for certain components, equipment, and services and the aforementioned shortages of substrates and other components have led to increased supply chain risks and continue to stress our ability to meet the supply demands of our customers.

To mitigate these supply chain constraints, management continues to monitor inventory levels on an ongoing basis.

Although we cannot fully predict the length and the severity of the impact these pressures will have on a long-term basis, we currently do not anticipate that our current supply chain constraints would materially adversely affect our results of operations, capital resources, sales, profits, and liquidity on a long-term basis.

MOBILEYE GLOBAL INC.

27 unchanged sentences

The amendments do not change the underlying objectives of interim reporting but are designed to enhance clarity in application.

ASU 2025-11 is effective for fiscal years beginning after December 15, 2027, including interim periods within those fiscal years, with early adoption is permitted.

ASU 2025-11 is effective for fiscal years beginning after December 15, 2027, including interim periods within those fiscal years, with early adoption permitted.

In December 2025, the FASB issued Accounting Standards Update 2025-10, Government Grants (Topic 832):

Accounting for Government Grants Received by Business Entities (“ASU 2025-10”).

The update provides recognition, measurement, presentation, and disclosure requirements for government grants, including guidance for grants related to an asset and grants related to income.

ASU 2025-10 is effective for annual reporting periods beginning after December 15, 2028, and interim reporting periods within those annual reporting periods.

Early adoption is permitted.

ASU 2025-10 permits an entity to apply the new guidance using a modified prospective basis, a modified retrospective basis, or a full retrospective basis.

The Company is currently evaluating the impact of ASU 2025-10 on its consolidated financial statements.

MOBILEYE GLOBAL INC.

2 unchanged sentences

dollars in millions

March 28, 2026

June 27, 2026

December 27, 2025

3 unchanged sentences

Total inventories

Inventory write-downs and write-offs were no t material for the three months ended March 28, 2026 and totaled $ 1 million for the three months ended March 29, 2025.

Inventory write-downs and write-offs totaled zero and $ 1 million for the three months ended June 27, 2026 and June 28, 2025, respectively;

and zero and $ 2 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

Property and equipment

dollars in millions

March 28, 2026

June 27, 2026

December 27, 2025

5 unchanged sentences

Total property and equipment, net

Depreciation expenses totaled $ 20 million and $ 18 million for the three months ended March 28, 2026 and March 29, 2025, respectively.

During the three months ended March 28, 2026 and March 29, 2025, the Company derecognized the cost and accumulated depreciation of fully depreciated assets in the amount of zero and $ 1 million, respectively.

Depreciation expenses totaled $ 22 million and $ 18 million for the three months ended June 27, 2026 and June 28, 2025, respectively;

and $ 42 million and $ 36 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

NOTE 4 - EQUITY

Share repurchase program

In April 2026, the Board of Directors authorized a program to repurchase up to $ 250 million of Mobileye’s outstanding Class A common stock (the “Repurchase Program”).

Under the Repurchase Program, share repurchases may be made from time to time subject to general market conditions, opportunities and other factors.

The Repurchase Program does not have a fixed expiration date and does not obligate the Company to acquire any specific dollar amount or number of shares.

During the three and six months ended June 27, 2026, the Company repurchased 2,505,096 shares of outstanding Class A common stock for $ 23.5 million.

Share-based compensation plans

6 unchanged sentences

Restricted Stock Units

The RSUs activity for the three months ended March 28, 2026 for RSUs granted to Company’s employees under the 2022 Plan was as follows:

The RSU activity for the six months ended June 27, 2026 for RSUs granted to Company’s employees under the 2022 Plan was as follows:

Weighted average grant

Number of RSUs

date fair value

date fair value per share

Outstanding as of December 27, 2025

Outstanding as of June 27, 2026

The RSU activity for the three months ended June 27, 2026 for RSUs granted to Company’s employees under the 2022 Plan was as follows:

Weighted average grant

Number of RSUs

date fair value per share

Outstanding as of March 28, 2026

As of March 28, 2026, the unrecognized compensation cost related to all unvested RSUs granted under the 2022 Plan, was $ 401 million, which is expected to be recognized as an expense over a weighted-average period of 2.02 years.

Outstanding as of June 27, 2026

As of June 27, 2026, the unrecognized compensation cost related to all unvested RSUs granted under the 2022 Plan, was $ 344 million, which is expected to be recognized as an expense over a weighted-average period of 1.87 years.

Restricted Shares

2 unchanged sentences

For further detail, refer to Note 13 Business Combination.

The Restricted Shares activity for the three months ended March 28, 2026 was as follows:

The Restricted Shares activity for the six months ended June 27, 2026 was as follows:

Number of Restricted

1 unchanged sentence

Outstanding as of December 27, 2025

Outstanding as of June 27, 2026

The Restricted Shares activity for the three months ended June 27, 2026 was as follows:

Number of Restricted

Grant date fair value per

Outstanding as of March 28, 2026

As of March 28, 2026, the unrecognized compensation cost related to all unvested Restricted Shares, was $ 199 million, which is expected to be recognized as an expense over a weighted-average period of 3.85 years.

Outstanding as of June 27, 2026

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

As of June 27, 2026, the unrecognized compensation cost related to all unvested Restricted Shares, was $ 186 million, which is expected to be recognized as an expense over a weighted-average period of 3.61 years.

Share-based compensation expense summary

2 unchanged sentences

Three Months Ended

Six Months Ended

dollars in millions

March 28, 2026

March 29, 2025

June 27, 2026

June 28, 2025

June 27, 2026

June 28, 2025

Cost of revenue

Research and development, net (1)

2 unchanged sentences

Total share-based compensation

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(1) Not including R&D Law incentive grant related to ordinary income from sold RSUs as further detailed in Note 2 under Research and Development Incentives, which depends on the actual sale of the shares of common stock issued upon the conversion of RSUs.

NOTE 5 - EARNINGS (LOSS) PER SHARE

1 unchanged sentence

Three Months Ended

Six Months Ended

In millions, except per share amounts

3 unchanged sentences

Basic and diluted

For the three months ended March 28, 2026 and March 29, 2025, the computation of diluted earnings (loss) per share attributable to common stockholders does not include 49.8 million and 21.4 million potential common shares, respectively, related to restricted stock units granted under the 2022 Plan to the Company’s employees and restricted shares granted as part of the acquisition of Mentee Robotics, as the effect of their inclusion would have been anti-dilutive.

For the three months ended June 27, 2026 and June 28, 2025, the computation of diluted earnings (loss) per share attributable to common stockholders does not include 62.0 million and 22.1 million potential common shares, respectively;

and 55.9 million and 21.7 million potential common shares for the six months ended June 27, 2026 and June 28, 2025, respectively, related to restricted stock units granted under the 2022 Plan to the Company’s employees, and restricted shares granted as part of the acquisition of Mentee Robotics, as the effect of their inclusion would have been anti-dilutive.

NOTE 6 - INCOME TAXES

1 unchanged sentence

As the Company has jurisdictions that have sustained recent losses, a valuation allowance is required for deferred tax assets for which no benefit can be currently realized.

Benefit for income tax in the three months ended March 28, 2026, was $ 64 million compared to a provision for income tax of $( 3 ) million for the three months ended March 29, 2025.

This $ 67 million change was primarily due to the deferred tax effect of goodwill impairment to the Mobileye reporting unit recorded in the three months ended March 28, 2026.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The provision for income tax in the three months ended June 27, 2026, was $( 4 ) million compared to a provision of $( 6 ) million in the three months ended June 28, 2025.

This change was primarily due to the reduction in deferred tax liability resulting from the goodwill impairment to the Mobileye reporting unit which was recorded in the first quarter of 2026, partially offset by a lower loss before income taxes in foreign jurisdictions.

Benefit for income tax in the six months ended June 27, 2026 was $ 60 million compared to a provision for income tax of $( 9 ) million in the six months ended June 28, 2025.

This was primarily due to the deferred tax effect of $ 67 million attributed to goodwill impairment to the Mobileye reporting unit which was recorded in the first quarter of 2026.

NOTE 7 - RELATED PARTIES TRANSACTIONS

3 unchanged sentences

The Company entered into a stock compensation recharge agreement with Intel, which requires the Company to reimburse Intel for certain amounts, net of any related withholding tax, relating to the value of share-based compensation provided to the Company’s employees for RSUs or stock options exercisable in Intel stock.

The reimbursement amounts recorded as an adjustment to additional paid-in capital in the condensed consolidated statement of changes in equity were $ 0.1 million and $ 1.0 million for the three months ended March 28, 2026 and March 29, 2025, respectively.

The reimbursement amounts recorded as an adjustment to additional paid-in capital in the condensed consolidated statement of changes in equity were immaterial and $ 3 million for the three months ended June 27, 2026 and June 28, 2025, respectively, and $ 0.2 million and $ 4 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

Lease agreements

1 unchanged sentence

The costs are included in the condensed consolidated statements of operations and comprehensive income (loss) primarily on a specific and direct attribution basis.

The leasing costs for the three months ended March 28, 2026 were immaterial and totaled $ 0.7 million for the three months ended March 29, 2025.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The leasing costs for the three months ended June 27, 2026 and June 28, 2025, were immaterial and $ 0.6 million, respectively, and immaterial and $ 1.3 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

Other services to a related party

The Company reimbursed its Chief Executive Officer for reasonable travel related expenses incurred while conducting business on behalf of the Company as well as paid for certain security related costs.

For the three months ended March 28, 2026 and March 29, 2025, travel related reimbursements and security related costs were $ 0.8 million and $ 1.1 million, respectively.

Travel - related reimbursements and security - related costs were immaterial and $ 0.2 million for the three months ended June 27, 2026 and June 28, 2025, respectively, and $ 0.8 million and $ 1.3 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

Administrative Services Agreement

1 unchanged sentence

The Company pays fees to Intel for the services rendered based on pricing per service agreed between the Company and Intel.

The costs incurred under this agreement for the three months ended March 28, 2026 and March 29, 2025 were $ 0.2 million and $ 0.9 million, respectively.

The costs incurred under this agreement for the three months ended June 27, 2026 and June 28, 2025 were $ 0.2 million and $ 0.4 million, respectively, and $ 0.4 million and $ 1.3 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

Technology and Services Agreement

2 unchanged sentences

Pursuant to the Technology and Services Agreement, the Company and Intel agree to statements of work with additional terms for Technology Projects.

The amounts incurred under this agreement for the three months ended March 28, 2026 and March 29, 2025 were $ 0.3 million and $ 0.5 million, respectively.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The amounts incurred under this agreement for the three months ended June 27, 2026 and June 28, 2025 were $ 0.3 million and $ 0.6 million, respectively, and $ 0.6 million and $ 1.1 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

Tax Sharing Agreement

4 unchanged sentences

However, other obligations of the parties under the Amended and Restated Tax Sharing Agreement remain in effect.

As of March 28, 2026 and December 27, 2025, the related party payable to Intel, pursuant to the Tax Sharing Agreement was zero .

As of June 27, 2026 and December 27, 2025, the related party payable to Intel, pursuant to the Tax Sharing Agreement was zero .

Acquisition of Mentee Robotics

1 unchanged sentence

(a wholly-owned indirect subsidiary of the Company) acquired 100 % of the issued and outstanding stock of Mentee Robotics, pursuant to the Share Purchase Agreement, by and among the Company, Mobileye Vision Technologies Ltd., Mentee Robotics Ltd., the shareholders of Mentee Robotics, and Shareholder Representative Services LLC, as the exclusive representative of the Mentee Robotics shareholders.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The Acquisition was approved by the Board, acting on the recommendation of a strategic transaction committee consisting of four disinterested directors ( two of whom are independent).

7 unchanged sentences

The Audit Committee of the Board also approved the Acquisition pursuant to the Company’s Related Persons Transaction Policy.

Stock based compensation expenses for restricted shares issued to related parties as part of the acquisition, totaled $ 6 million for the three months ended March 28, 2026.

Stock based compensation expenses for restricted shares issued to related parties as part of the acquisition, totaled $ 10 million and $ 16 million for the three and six months ended June 27, 2026, respectively.

For further detail, refer to Note 13 Business Combination .

NOTE 8 - IDENTIFIED INTANGIBLE ASSETS

March 28, 2026

June 27, 2026

December 27, 2025

2 unchanged sentences

Customer relationships & brands

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The following table presents the amortization expenses recorded for these identified intangible assets and their weighted average useful lives:

Three Months Ended

Six Months Ended

dollars in millions

2 unchanged sentences

Total amortization expenses

During the six months ended June 27, 2026 and June 28, 2025, the Company derecognized the cost and accumulated depreciation of fully depreciated intangible assets in the amount of zero and $ 9 million, respectively.

The Company expects future amortization expenses for the next five years and thereafter to be as follows:

10 unchanged sentences

The CODM uses segment performance to allocate resources to segments in the annual budget and forecasting process and also uses that measure to assess the segment performance.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Segment performance is the operating income (loss) reported excluding the amortization of acquisition-related intangible assets, share-based compensation expense, impairment of goodwill and acquisition related expenses.

Segment performance is the operating income (loss) reported excluding the amortization of acquisition-related intangible assets, share-based compensation expense, R&D Law incentive grant related to ordinary income from sold RSUs, acquisition related expenses and impairment of goodwill.

The measure of assets has not been disclosed for each segment as it is not regularly provided to the CODM.

The accounting policies of the individual segments are the same as those described in the summary of significant accounting policies in Note 2 to the audited consolidated financial statements for the fiscal year ended December 27, 2025.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The following are segment results for each period as follows:

Three months ended March 28, 2026

Three Months Ended June 27, 2026

dollars in millions

6 unchanged sentences

Share-based compensation

Acquisition related expenses

Goodwill impairment

R&D Law incentive grant related to ordinary income from sold RSUs

Financial income (expense), net

1 unchanged sentence

Depreciation of property and equipment

Three months ended March 29, 2025

Three Months Ended June 28, 2025

dollars in millions

9 unchanged sentences

Depreciation of property and equipment

Six Months Ended June 27, 2026

dollars in millions

Cost of revenues

Research and development, net

Sales and marketing

General and administrative

Segment performance

Amortization of intangible assets

Share-based compensation

R&D Law incentive grant related to ordinary income from sold RSUs

Acquisition related expenses

Goodwill impairment

Financial income (expense), net

Income (loss) before taxes on income

Depreciation of property and equipment

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Six Months Ended June 28, 2025

dollars in millions

Cost of revenues

Research and development, net

Sales and marketing

General and administrative

Segment performance

Amortization of intangible assets

Share-based compensation

Financial income (expense), net

Income (loss) before taxes on income

Depreciation of property and equipment

Total revenues based on the country that the product was shipped to were as follows:

Three Months Ended

Six Months Ended

dollars in millions

3 unchanged sentences

We generate the majority of our revenue from the sale of our EyeQ TM SoCs to OEMs primarily through sales to Tier 1 automotive suppliers.

EyeQ TM SoC sales represented approximately 92 % and 94 % of our revenue for each of the three months ended March 28, 2026 and March 29, 2025, respectively.

EyeQ TM SoC sales represented approximately 90 % and 92 % of our revenue for each of the three months ended June 27, 2026 and June 28, 2025, respectively, and 91 % and 93 % of our revenue for each of the six months ended June 27, 2026 and June 28, 2025, respectively.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Major Customers

1 unchanged sentence

Three Months Ended

Six Months Ended

Percent of total revenues:

1 unchanged sentence

Percent of total accounts receivables balance:

* Less than 10%

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 10 - MARKETABLE SECURITIES AND DEPOSITS

2 unchanged sentences

Short term deposits are short term unrestricted highly liquid investments with original maturities of more than three months at acquisition.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The following tables summarize the Company’s marketable debt securities and short term deposits:

March 28, 2026

June 27, 2026

dollars in millions

31 unchanged sentences

Supreme Court has expired, and no such petition was filed.

No provision was recorded in the condensed consolidated financial statements as of March 28, 2026.

No provision was recorded in the condensed consolidated financial statements as of June 27, 2026.

MOBILEYE GLOBAL INC.

4 unchanged sentences

District Court for the Eastern District of Texas for patent infringement.

The suit accuses Mobileye Global Inc., Mobileye Vision Technologies Ltd., and Mobileye Inc.

The suit accuses Mobileye Global Inc., Mobileye Vision Technologies Ltd.

and Mobileye Inc.

of allegedly infringing two expired patents.

4 unchanged sentences

Before either action was answered, the Patent Trial and Appeal Board (“PTAB”) of the US Patent and Trademark Office instituted two Inter Parte Review (IPR) proceedings on both patents, and both district court actions were stayed.

The parties are challenging aspects of the PTAB’s determinations, and the district court actions remain stayed.

Final Determinations were reached by the PTAB in both IPRs.

In one, the PTAB found invalid all claims that Facet asserted in the Texas suit.

The PTAB upheld the patentability of other claims not asserted in the Texas suit.

Facet’s request for Director review was denied, and the deadline to appeal has passed without Facet doing so.

In the other IPR, the PTAB upheld the patentability of a single claim.

Mobileye is pursuing an appeal of that decision.

In May 2026, Facet moved to lift the stay in the Texas suit.

Mobileye opposed, and the court has yet to rule.

Therefore, the Texas and Minnesota district court actions both remain stayed.

We intend to defend these matters vigorously.

No provision was recorded in the condensed consolidated financial statements as of March 28, 2026.

No provision was recorded in the condensed consolidated financial statements as of June 27, 2026.

NOTE 12 - GOODWILL

The following table presents the carrying amount of goodwill by segment as of March 28, 2026 and December 27, 2025.

The following table presents the carrying amount of goodwill by segment as of June 27, 2026 and December 27, 2025.

dollars in millions

1 unchanged sentence

Business combination (1)

March 28, 2026

June 27, 2026

(1) Goodwill arising from the acquisition of Mentee Robotics has been allocated to the Mobileye reporting segment.

During the first quarter of 2026, the Company performed an interim quantitative goodwill impairment analysis for the “Mobileye” reporting unit, due to a 35 % decline in the price of the Company’s Class A common stock, and corresponding market capitalization since the most recent assessment date, as well as increased uncertainty in the macroeconomic and geopolitical environment.

During the first quarter of 2026, the Company performed an interim quantitative goodwill impairment analysis for the “Mobileye” reporting unit, due to a 35 % decline in the price of the Company’s Class A common stock, and a corresponding decline in market capitalization since the most recent assessment date, as well as increased uncertainty in the macroeconomic and geopolitical environment.

The quantitative assessment was performed by measuring the reporting unit’s fair value using the income approach, based on the expected present value of estimated future cash flows.

7 unchanged sentences

No impairment was identified in any of the other reporting units.

During the second quarter of 2026, we completed our quarterly qualitative assessment for indicators of goodwill impairment.

Based on the assessment, no indicators were identified for any of the reporting units.

MOBILEYE GLOBAL INC.

4 unchanged sentences

The Share Purchase Agreement provided for an aggregate purchase price of $ 900 million, which consisted of (i) approximately $ 612 million in cash, and (ii) 26,279,824 shares of Class A common stock of the Company.

The entirety of such Class A common stock was allocated to the Mentee Founders (the “Aggregate Stock Consideration”).

The entirety of such Class A common stock (the “Aggregate Stock Consideration”) was allocated to the co-founders of Mentee Robotics, Prof.

Amnon Shashua, Prof.

Shai Shalev-Shwartz and Prof.

Lior Wolf (the “Mentee Founders”).

10 % of the Aggregate Stock Consideration is subject to a six month lock-up period pursuant to a Lock-Up Agreement.

49 unchanged sentences

Goodwill arising from the Acquisition has been allocated to the Mobileye reporting segment.

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The Law for Encouragement of Knowledge-Intensive Industry (Temporary Order) — 2023 by the Israel Tax Authorities, generally referred to as the “Angels Law”, offers several incentives to promote investments in Israeli high-tech companies.

6 unchanged sentences

tax purposes.

During the three months ended March 28, 2026, we incurred $ 6 million of transaction costs related to the Acquisition which were recorded in general and administrative expenses in the condensed consolidated statements of operations and comprehensive income (loss).

MOBILEYE GLOBAL INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

During the six months ended June 27, 2026, we incurred $ 6 million of transaction costs related to the Acquisition which were recorded in general and administrative expenses in the condensed consolidated statements of operations and comprehensive income (loss).

The operating results of Mentee Robotics have been included in the condensed consolidated statements of operations and comprehensive income (loss) since the acquisition date and are not material.

1 unchanged sentence

NOTE 14 - SUBSEQUENT EVENTS

In March 30, 2026, the Company’s compensation committee approved the issuance of restricted stock units to be issued under our 2022 Plan.

The total aggregate fair value of RSUs granted was $ 21.0 million, which consisted of 2,906 thousand RSUs, which will vest over a service period of three years .

Share-based compensation

In July 2026, the Company’s compensation committee approved the issuance of restricted stock units to be issued under our 2022 Plan.

The total aggregate fair value of RSUs granted was $ 334.4 million, which consisted of 35,018 thousand RSUs, which will vest over a service period of two to three years .

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements