Mobileye Global Inc. Class A Common StockFounder CEO stepping down and Q3 sequential revenue decline guidance trigger sell-off.

Mobileye Global shares plunged roughly 15% on July 23, 2026, their steepest drop in nearly two years, even after the autonomous-driving pioneer posted second-quarter revenue of $508 million and adjusted EPS of $0.19, both comfortably ahead of Wall Street expectations, and raised full-year guidance. The sell-off was triggered by the announcement that founder and long-time CEO Amnon Shashua, who built Mobileye from a 1999 Israeli startup into the world's leading supplier of advanced driver-assistance systems, is stepping down after 27 years once a successor is named, while the company also guided for a 5% to 6% sequential revenue decline in the third quarter. Despite the negative market reaction, Mobileye's core business remains strong, with plans to launch its own robotaxi service in a U.S. city in 2027 and a major production program with a leading U.S. automaker to add its Driver Monitoring System to future vehicles powered by the EyeQ6L chip, with production set to begin in 2027. Analysts have a consensus Moderate Buy rating on the stock with an average price target of $13.11, suggesting a potential 62.9% upside, though Wolfe Research recently downgraded the stock to Peer Perform from Outperform, citing few near-term growth drivers.
Mobileye Global Inc. Class A Common StockFounder CEO stepping down and Q3 sequential revenue decline guidance trigger sell-off.
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