Mobileye won two Cloud-Enhanced ADAS programs and widened its Stellantis nomination

Mobileye Global reported third-quarter results on October 29 and used the release to disclose two new design wins for Cloud-Enhanced ADAS, the company’s pairing of a front camera with its Road Experience Management mapping service. It named the customers only as a top five global automaker from Asia and a top ten global automaker from Japan, and said both programs would support high-volume Level 2+ systems. The company added that its earlier nomination to supply Cloud-Enhanced ADAS for selected future Stellantis vehicles in the US from 2027 had recently been expanded to include European platforms.

Revenue of $492 million was 2 percent lower than a year earlier. Mobileye attributed the decline primarily to a 5 percent decrease in average system price, which it said came mainly from a higher mix of Chinese automaker export volumes that carry less software content and therefore lower pricing, together with lower SuperVision volumes; higher EyeQ volumes partly offset both. Passing on higher memory costs added about $7 million of third-quarter revenue at zero gross margin. The company narrowed its full-year revenue range to between $1,995 million and $2,020 million, implying growth of 5 to 7 percent.

Mobileye’s Form 10-Q, filed the same day, mentions cloud-enhanced ADAS once, in lower case and in passing, as a lower-priced product category set against SuperVision in a discussion of average selling prices, and makes no mention of the new design wins, of Stellantis, of Road Experience Management or of Beep, the autonomous-shuttle operator whose Series B round the release said Mobileye had joined. The customer disclosures therefore rest on the earnings release alone. The filing does record that the company buys all of its EyeQ system-on-chip from a single supplier, and that demand from the AI industry since 2025 has increased competition for the chips and electronic control units used in its SuperVision, Chauffeur and Drive products.