New York, Jan 8, 2026, 09:46 EST — Regular session
Shares of Mobileye Global (MBLY.O) fell 3.4% to $11.82 in early trading on Thursday, giving back some recent gains as investors digested the company’s push into humanoid robotics and fresh disclosure on its latest annual revenue. The stock traded between $11.73 and $12.50 after closing at $12.24 on Wednesday.
The dip matters now because Mobileye is trying to widen its story beyond driver-assistance chips just as investors start to game out 2026 spending. A robotics acquisition can look like optionality in a slide deck; in the market, it quickly becomes a question of costs, timelines and what gets less attention.
Mobileye said it struck a definitive deal to buy humanoid robot startup Mentee Robotics for $900 million, including about $612 million in cash and up to about 26.2 million Mobileye Class A shares, and expects the transaction to close in the first quarter of 2026. The company said the deal should lift 2026 operating expenses by a low-single-digit percentage, and CEO Amnon Shashua called it “a new chapter” for “robotics and automotive AI.” 1
A separate regulatory filing added another data point — and a reminder that Mobileye’s core numbers are still the anchor. In an 8-K, the company said it referred during a CES webcast to estimated revenue for the fiscal year ended Dec. 27, 2025 as “a bit short of $2 billion,” stressing the remark was not meant to be precise and that it will give actual results on its fourth-quarter and full-year earnings call. 2
Analysts have started to lean less bearish, but with qualifiers. JPMorgan’s Samik Chatterjee upgraded Mobileye to neutral from underweight and said the stock has “limited downside risks” at current valuation levels, pointing to a building pipeline for the company’s Surround ADAS offering. 3
That product focus matters because it is nearer-term than fully driverless systems. Mobileye said this week it had landed a “top-10” U.S. automaker for its EyeQ6H-based Surround ADAS — advanced driver-assistance systems, the software and sensors behind features such as hands-free highway driving — with estimated future deliveries of more than 19 million systems including about 9 million tied to the new customer. 4
Mobileye is not alone in trying to stitch car autonomy into robotics, and investors are watching how crowded that lane gets. Reuters reported Mentee raised about $21 million in March at a valuation of roughly $162 million, while Tesla, Figure AI, Agility Robotics and others chase two-legged robots; Intel remains Mobileye’s largest shareholder with about a 23% stake. 5
Technicians, meanwhile, note the stock is still closer to its lows than its highs even after this week’s bounce. Mobileye’s shares have traded between $10.04 and $20.18 over the past 52 weeks, leaving the market quick to test whether buyers show up again around the low teens if the news flow cools. 6
But the upbeat case can unravel fast if the robotics bet looks like a distraction or a bigger cost swing than management is signaling, and if auto customers slow roll new ADAS launches. The first-quarter closing timeline is also not a given, and investors will want details on how Mobileye plans to fund and integrate Mentee without crimping margins.
