Mobileye Global Inc. (MBLY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings, and welcome to Mobileye's first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Dan Gauss. Mr. Gauss, you may begin. Thank you, Maria. Hello, everyone, and welcome to Mobilize First Quarter 2026 Earnings Conference Call for the period ending March 28, 2026. Please note that today's discussion contains forward-looking statements based on the business environment as we currently see it, including regarding our future financial outlook. Such statements involve risks and uncertainties. Please refer to the accompanying press release, which includes additional information on the specific factors that could cause actual results to differ materially. Additionally, on this call, we will refer to both GAAP and non-GAAP figures. A reconciliation of GAAP to non-GAAP financial measures is provided in our posted earnings release. Joining us on the call today are Professor Amnon Shashua, Mobilized CEO and President, Mehran Shemesh, Mobilized CFO, and Nimrod Nehushtan, Mobilized Executive Vice President of Business Development and Strategy. Thanks, and now I'll turn the call over to Amnon. Thank you, Dan. Hello, everyone, and thanks for joining our earnings call. We delivered very good results in the first quarter. Revenue was up 27% year over year. Adjusted operating income was up 61%, and our operating cash flow was again strong at $75 million. Despite working capital timing, that was a modest drag. We have seen upward pressure on demand for...