Mobileye

Berenberg upgraded Mobileye from hold to buy and raised the price target from $10.80 to $11.00, saying the stock overreacted to the resignation of co-founder and CEO Amnon Shashua. The analyst sees the fundamental investment thesis unchanged and expects lasting margin improvements, supported by a new Israeli R&D subsidy law that raises adjusted EBIT margin in 2026 by about 8.2 percentage points. Mobileye reported Q2 revenue of $508m and adjusted EBIT of $155m, shipped 10m EyeQ chips and benefited from exports to China. Berenberg also highlights progress on SuperVision and robotaxi partnerships and expects commercial launches in the next 12–18 months as well as 2026 estimates of roughly $2.01bn revenue and a 19.7% EBIT margin. » More on de.investing.com

Amnon Shashua informed the board that he will resign as CEO once a successor is appointed. The board will hire an executive search firm to find the new CEO; Shashua will remain a board member and has been offered the chair once the new CEO is installed. Shashua founded Mobileye in 1999 and served as CEO for 27 years; Intel currently holds roughly 77% of the shares and intends to continue working closely with the leadership. After the leadership transition, Shashua plans to focus on long-term technology trends and innovations, including humanoid robots. » More on de.investing.com

Mobileye announced a partnership with Stellantis to provide its cloud-based ADAS and REM mapping technology, with market launch for selected models from 2027 and initial applications in U.S. vehicles. According to the company, the REM platform covers more than 95% of public roads in the U.S. and Europe and is based on data from over 8 million vehicles. Stellantis thus becomes the fifth major automaker among Mobileye’s OEM customers, which boosted the premarket ahead of the release of Q2 figures on July 23 (shares +4.3%). » More on de.investing.com