Mobileye is entering one of the most significant periods in its history. Alongside stronger-than-expected second-quarter financial results and an improved outlook for 2026, the company announced that founder Professor Amnon Shashua will step down as Chief Executive Officer after more than 27 years in the role. At the same time, Mobileye unveiled an expanded collaboration with Stellantis, reinforcing its position in the global market for advanced driver assistance systems (ADAS).
Shashua, who founded Mobileye in 1999 and transformed it from a Jerusalem-based startup into one of the world’s leading automotive technology companies, will remain Chairman of the Board. In his new role, he will focus on the company’s long-term technology strategy, including autonomous driving, robotaxi platforms and AI-powered mobility solutions.
For the second quarter of 2026, Mobileye reported revenue of $508 million, exceeding market expectations, while raising its full-year revenue and profitability guidance. The company said demand for its technologies remains strong despite continued challenges across the global automotive industry, citing improvements in both operating performance and profitability.
On the commercial front, Mobileye also announced a new agreement with Stellantis, under which it will provide its Road Experience Management (REM) technology. The platform uses data collected from millions of connected vehicles to generate continuously updated, high-definition road maps that support advanced driver assistance systems and future autonomous driving applications.
With Stellantis joining the platform, five of the world’s ten largest automakers are expected to use Mobileye’s REM technology. According to the company, the platform now covers more than 95% of the road network across the United States and Europe, making it one of Mobileye’s core assets as it advances next-generation autonomous driving technologies.
The combination of leadership transition, improved financial performance and expanded partnerships with major global automakers marks an important new phase for Mobileye as it continues to strengthen its software, mapping and AI capabilities while expanding its role in the future of intelligent mobility.
Credit: Mobileye, Reuters.
Image: Mobileye President and CEO Prof. Amnon Shashua. (Credit: Walden Kirsch/Intel Corporation)
