NEW YORK, July 3, 2026, 19:04 (EDT)
- Mobileye jumped 22.5% from its June 26 close, ending Thursday at $9.57. Nasdaq was closed Friday for the Independence Day holiday.
- The $250 million share buyback would be about 26.1 million shares at Thursday’s closing price, or 10.7% of Q1’s Class A shares, if the full amount is spent at that level.
- The rally came early. Almost all the gain happened on June 30, then the stock gave some back on July 1 and July 2.
Mobileye is set to reopen Monday after racking up strong gains last week, but holders may now be trying to figure out whether the move was driven by real buying or just changes in float math. Nasdaq was shut Friday, July 3, for the Independence Day holiday. Regular hours are 9:30 a.m. to 4 p.m. Eastern.
Shares finished Thursday at $9.57, off 1.03% for the session. That’s still up 22.5% from last Friday’s close at $7.81. Most of the rally came June 30, when Mobileye jumped 16.63% on volume of 12.84 million shares.
| Date | Close | Daily move | Volume |
|---|---|---|---|
| Jun 26 | $7.81 | fell 0.64% | 5.52 mln |
| Jun 29 | $8.30 | rose 6.27% | 4.84 mln |
| Jun 30 | $9.68 | jumped 16.63% | 12.84 mln |
| Jul 1 | $9.67 | slipped 0.10% | 12.77 mln |
| $9.57 | -1.03% | 6.03 mln |
Tech struggled Thursday as the Nasdaq Composite (INDEXNASDAQ:.IXIC) dropped 0.8%. On Investing.com’s screen, Intel Corp. NASDAQ:INTC and Tesla Inc. NASDAQ:TSLA led big tech stocks lower. Mobileye also slipped, but its loss was smaller than Intel and Tesla.
| July 2 move | Last | Change |
|---|---|---|
| Mobileye | $9.57 | -1.03% |
| Nasdaq Composite | — | -0.8% |
| Intel | $120.35 | -5.25% |
| Tesla | $393.45 | -7.49% |
Mobileye’s board signed off on a buyback plan for up to $250 million in Class A shares. At $9.57 that could get 26.1 million shares, not counting commissions or price changes. As of March 28, the company had 243.7 million Class A and 597.8 million Class B shares out. The buyback authorization is 10.7% of the Q1 Class A float, or about 3.1% of all common shares at that point.
| Item | Calculation | Read-through |
|---|---|---|
| Buyback cap | $250 mln / $9.57 = 26.1 mln shares | That’s 10.7% of Q1 Class A shares if bought at last close |
| Four-session volume | 36.48 mln shares | 15.0% of Q1 Class A shares; volume may include some shares trading multiple times |
| Thursday volume | 6.03 mln shares | Buyback cap works out to 4.3 days of Thursday volume at last close |
| Mentee cash paid | $591 mln net cash paid in Q1 | That’s 2.4 times what’s allowed in the buyback |
The buyback matters because it lands next to bigger cash outflows and dilution. Mobileye said the plan is meant to help offset dilution from stock comp and new shares tied to the Mentee Robotics deal. The company also said it paid out $591 million net cash for Mentee in Q1.
The core business came in ahead of what the GAAP loss suggests. Revenue grew 27% in the first quarter to $558 million. Adjusted diluted EPS landed at 12 cents. Operating cash flow was $75 million. GAAP EPS printed a loss of $4.68, hit by a $3.788 billion non-cash goodwill charge. That’s tied to goodwill from Intel’s 2017 Mobileye acquisition. CEO Amnon Shashua called Q1 a “stronger than expected start to 2026.”
Mobileye could be asking the market to look past just a rebound in its ADAS chip line. Reuters said in June that Mobileye wants to roll out a U.S. robotaxi business in 2027, with an initial fleet of around 100 vehicles and a goal of about 17,000 in five years. That moves the company in on ground already staked out by Alphabet Inc. NASDAQ:GOOGL Waymo, Amazon.com Inc. NASDAQ:AMZN Zoox and Tesla. CEO Amnon Shashua told Reuters the plan may “accelerate adoption.” Equisights Research CEO Parth Talsania said the key challenge is keeping “data boundaries, customer economics and engineering focus clearly separated.” Reuters
The stock remains under pressure, still acting like a beaten-up growth play. It finished Thursday 52.6% under its 52-week high at $20.18, but also sits 47.9% over its 52-week low of $6.47. This week’s rally is big, but the price action is still just a bounce inside a rough 12-month chart.
Mobileye’s next scheduled earnings aren’t set for next week. MarketBeat has the Q2 2026 report penciled in for July 23 before the bell, with a call at 8:00 a.m. ET. Consensus EPS stands at 5 cents.
