0001104659-26-014300 | 10-K | XBRL Viewer

INCOME TAXES - Changes in valuation allowance for deferred tax assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Changes in valuation allowance for deferred tax assets
Valuation allowance at beginning of year	$ 1,007	$ 579	$ 533
Change in valuation allowance	(52)	428	46
Valuation allowance at end of year	$ 955	$ 1,007	$ 579

EQUITY - Share-based compensation expense summary (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
EQUITY
Total share-based compensation	$ 277	$ 279	$ 252
Cost of revenue
EQUITY
Total share-based compensation	2	2	2
Research and development, net
EQUITY
Total share-based compensation	239	244	212
Sales and marketing
EQUITY
Total share-based compensation	6	6	7
General and administrative
EQUITY
Total share-based compensation	$ 30	$ 27	$ 31

EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 27, 2025

EARNINGS (LOSS) PER SHARE

Schedule of calculation of basic earnings (loss) per share


		Year ended
		December 27,			December 28,			December 30,
In millions, except per share amounts		2025			2024			2023
Numerator:
Net income (loss)		$	(392)		$	(3,090)		$	(27)
Denominator:
Weighted average common shares - basic and diluted			813			809			805
Earnings (loss) per share:
Basic and diluted		$	(0.48)		$	(3.82)		$	(0.03)

EQUITY - RSU activity (Details) - 2022 Equity Incentive Plan - RSUs - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Number of RSUs
Outstanding at beginning	21,453	14,778	12,564
Granted	22,985	13,542	6,782
Vested	(9,254)	(5,574)	(4,240)
Forfeited	(2,331)	(1,293)	(328)
Outstanding at ending	32,853	21,453	14,778
Weighted average grant date fair value
Outstanding at beginning	$ 27	$ 30	$ 21
Granted	16	25	40
Vested	27	29	21
Forfeited	23	30	26
Outstanding at ending	$ 20	$ 27	$ 30
Unrecognized compensation cost	$ 441
Weighted average period	2 years 1 month 20 days

OTHER FINANCIAL STATEMENT DETAILS - Inventories (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
OTHER FINANCIAL STATEMENT DETAILS
Raw materials	$ 21	$ 35
Work in process		1
Finished goods	306	379
Total inventories	327	415
Inventory write-downs and write-offs	$ 2	$ 3	$ 2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) shares in Millions, $ in Millions	Common Stock	Additional paid-in capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit)	Total
Beginning balance (in shares) at Dec. 31, 2022	802
Beginning balance at Dec. 31, 2022	$ 9	$ 14,737	$ (9)	$ 57	$ 14,794
Net income (loss)				(27)	(27)
Other comprehensive income (loss), net			9		9
Tax sharing agreement with Parent		(3)			(3)
Share-based compensation expense		252			252
Recharge to Parent for Share-based compensation		(100)			(100)
Issuance of common stock under employee share-based compensation plans (in shares)	4
Ending balance (in shares) at Dec. 30, 2023	806
Ending balance at Dec. 30, 2023	$ 8	14,886		30	14,924
Net income (loss)				(3,090)	(3,090)
Other comprehensive income (loss), net			2		2
Tax sharing agreement with Parent		34			34
Share-based compensation expense		279			279
Recharge to Parent for Share-based compensation		(62)			(62)
Issuance of common stock under employee share-based compensation plans (in shares)	6
Ending balance (in shares) at Dec. 28, 2024	812
Ending balance at Dec. 28, 2024	$ 8	15,137	2	(3,060)	12,087
Net income (loss)				(392)	(392)
Other comprehensive income (loss), net			15		15
Tax sharing agreement with Parent		3			3
Share-based compensation expense		277			277
Recharge to Parent for Share-based compensation		(9)			(9)
Issuance of common stock under employee share-based compensation plans (in shares)	9
Repurchase of common stock from Parent		(100)			(100)
Repurchase of common stock from Parent (in shares)	(6)
Ending balance (in shares) at Dec. 27, 2025	815
Ending balance at Dec. 27, 2025	$ 8	$ 15,308	$ 17	$ (3,452)	$ 11,881

EQUITY

12 Months Ended

Dec. 27, 2025

EQUITY

EQUITY

NOTE 6 - EQUITY

1.Common Stock and Voting Rights

We have two classes of authorized common stock: Class A common stock, which is listed on Nasdaq under the symbol “MBLY”, and Class B common stock which is not listed or traded on any stock exchange and is held by Intel. Both classes of common stock have a par value of $0.01 per share. The rights of the holders of our Class A common stock and Class B common stock are identical, except with respect to voting, transfer, and conversion rights. Each share of our Class A common stock is entitled to one vote. Each share of our Class B common stock is entitled to ten votes and is convertible at any time into one share of our Class A common stock, subject to certain conditions.

On July 11, 2025, we completed the Secondary Offering pursuant to which 57,500,000 shares of Class B common stock held by Intel were converted into an equal number of shares of Class A common stock. In connection with and conditional upon the closing of the Secondary Offering, the Company purchased from Intel 6,231,985 shares of Class A common stock (which shares were received upon the conversion of 6,231,985 shares of Class B common stock into Class A common stock). In addition to and conditional upon the closing of the Secondary Offering, Intel voluntarily converted pursuant to the Company’s Amended and Restated Certificate of Incorporation an additional 50,000,000 shares of Class B common stock to Class A common stock. For further detail, refer to Note 1 General.

Intel continues to directly, or indirectly, hold all of the Class B common stock of Mobileye as well as 50,000,000 shares of Class A common stock, which together represents approximately 79.5% of our outstanding common stock and 97.3% of the voting power of our common stock as of December 27, 2025.

2.Share-based compensation plans

Mobileye Plan

In June 2025, the stockholders of the Company approved the Amended and Restated Mobileye Global Inc. 2022 Equity Incentive Plan. Equity awards under the 2022 Plan are granted for Class A shares and vest upon the satisfaction of a service-based vesting condition, mostly over a service period of three years. The RSUs granted during 2025, 2024 and 2023 also include 0.9 million, 0.5 million and 0.4 million RSUs granted to the Company’s Chief Executive Officer, with a total value of $15 million, $14 million and $14 million, respectively, which will vest over a service period of up to five years.

With respect to Israeli employees, the 2022 Plan is designed to grant awards pursuant to the provision of Section 102 of the Israeli Income Tax Ordinance. In accordance with the capital gains treatment elected by the Company, the Company is not allowed to deduct the amounts credited to employees for tax purposes. This includes amounts recorded as salary benefits in the Company’s consolidated financial statements, in respect of equity granted to employees under the 2022 Plan, with the exception of the benefit component, if any, on the grant date.

Restricted Stock Units

The RSUs activity for the years ended December 27, 2025, December 28, 2024 and December 30, 2023 for RSUs granted to Company’s employees under the 2022 Plan was as follows:


				Weighted average grant
		Number of RSUs		date fair value per share
		In thousands		U.S. dollars
Outstanding as of December 31, 2022		12,564		$	21
Granted		6,782			40
Vested		(4,240)			21
Forfeited		(328)			26
Outstanding as of December 30, 2023		14,778			30
Granted		13,542			25
Vested		(5,574)			29
Forfeited		(1,293)			30
Outstanding as of December 28, 2024		21,453			27
Granted		22,985			16
Vested		(9,254)			27
Forfeited		(2,331)			23
Outstanding as of December 27, 2025		32,853		$	20

As of December 27, 2025, the unrecognized compensation cost related to all unvested RSUs granted under the Company’s 2022 Plan, was $441 million, which is expected to be recognized as an expense over a weighted-average period of 2.14 years.

Intel Plan

Prior to the Mobileye IPO, since 2017, employees of the Company had been incentivized and rewarded through the grant of Intel equity awards under Intel’s Equity Incentive Plan which contains only a service condition. The equity awards granted generally vest over the course of three years from the grant date. The activity of the Company’s employees for Intel’s options and RSUs was immaterial as of December 28, 2024 and December 27, 2025.

Share-based compensation expense summary (for both Mobileye and Intel Plans)

Expenses recognized

Share-based compensation expenses included in the consolidated statements of operations and comprehensive income (loss) were as follows:


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Cost of revenue		$	2		$	2		$	2
Research and development, net			239			244			212
Sales and marketing			6			6			7
General and administrative			30			27			31
Total share-based compensation		$	277		$	279		$	252

EQUITY - Common Stock and Voting Rights (Details)			12 Months Ended
EQUITY - Common Stock and Voting Rights (Details)	Jul. 11, 2025 shares	Jul. 09, 2025 shares	Dec. 27, 2025 Vote $ / shares shares	Dec. 28, 2024 $ / shares shares
Intel \| Mobileye Global Inc
EQUITY
Percentage of voting power of our common stock			97.30%
Ownership Percentage			79.50%
Class A
EQUITY
Common stock, par value \| $ / shares			$ 0.01	$ 0.01
Number of votes per share \| Vote			1
Common stock conversion ratio			1
Shares repurchased and retired during the period	6,231,985
Common stock, shares outstanding			216,980,847	100,226,477
Class A \| Intel
EQUITY
Common stock, shares outstanding			216,980,847
Class A \| Intel \| Mobileye Global Inc
EQUITY
Common stock, shares outstanding			50,000,000
Class B
EQUITY
Common stock, par value \| $ / shares			$ 0.01	$ 0.01
Number of votes per share \| Vote			10
Number of shares converted into Class A common stock	6,231,985
Additional shares converted	50,000,000
Common stock, shares outstanding			597,768,015	711,500,000
Class B \| Intel \| Mobileye Global Inc
EQUITY
Percentage of voting power of our common stock			97.30%
Class B \| Secondary Offering
EQUITY
Number of shares converted into Class A common stock	57,500,000	50,000,000

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
Revenue	$ 1,894	$ 1,654	$ 2,079
Cost of revenue	990	913	1,032
Gross profit	904	741	1,047
Research and development, net	1,151	1,083	889
Sales and marketing	113	118	118
General and administrative	80	70	73
Goodwill impairment	0	2,695
Total operating expenses	1,344	3,966	1,080
Operating income (loss)	(440)	(3,225)	(33)
Financial income (expense), net	63	62	49
Income (loss) before income taxes	(377)	(3,163)	16
Benefit (provision) for income taxes	(15)	73	(43)
Net income (loss)	$ (392)	$ (3,090)	$ (27)
Earnings (loss) per share attributed to Class A and Class B stockholders:
Basic	$ (0.48)	$ (3.82)	$ (0.03)
Diluted	$ (0.48)	$ (3.82)	$ (0.03)
Weighted-average number of shares used in computation of earnings (loss) per share attributed to Class A and Class B stockholders (in millions):
Basic	813	809	805
Diluted	813	809	805
Other comprehensive income (loss), net of tax	$ 15	$ 2	$ 9
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (377)	$ (3,088)	$ (18)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 27, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 27, 2025

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company operates on a 52-week or 53-week fiscal year that ends on the last Saturday in December. Fiscal years 2025, 2024 and 2023 were 52-week fiscal years.

The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”). All intercompany balances and transactions have been eliminated in consolidation.

Use of estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts and events reported and disclosed in the consolidated financial statements and accompanying notes. We base our estimates on historical experience and on various other assumptions and factors, including the current economic environment, that we believe to be reasonable under the circumstances. Actual results could differ from those estimates.

On an on-going basis, management evaluates its estimates, judgments, and assumptions. The most significant estimates and assumptions relate to useful lives of intangible assets, impairment assessment of intangible assets and goodwill and income taxes. A change in estimates, including a change in the overall market value of the Company, could require reassessments of the items noted above.

Functional currency

The majority of the Company and its subsidiaries revenue are denominated in the United States (“U.S.”) dollar, as are most purchases of materials and components. Management believes that the currency of the primary economic environment in which the Company and its subsidiaries operate is the U.S. dollar, and thus, the U.S. dollar is the functional and reporting currency of the Company and its subsidiaries.

Accordingly, transactions in currencies other than the U.S. dollar are measured and recorded in the functional currency using the exchange rate in effect at the date of the transaction. Monetary assets and liabilities that are denominated in currencies other than the U.S. dollar are measured using the official exchange rate at the balance sheet date. Non-monetary assets and liabilities are remeasured into the functional currency using the historical exchange rate. The effects of foreign currency remeasurements are recorded in the consolidated statements of operations and comprehensive income (loss) as financial income (expense), net.

Investments

Debt Investments

Marketable debt securities consist of highly liquid U.S. government bonds with maturities of up to six months when purchased. These debt investments are classified as Available For Sale investments and measured at fair value with unrealized gains and losses, net of tax, recorded in accumulated other comprehensive income (loss). We consider all highly liquid debt investments that are readily convertible into cash and have an original maturity of three months or less at the time of purchase to be cash equivalents. Debt investments with original maturities of greater than three months and less than one year, are classified within other current assets.

Available for sale debt investments are subject to a periodic impairment review. For investments in an unrealized loss position, we determine whether a credit loss exists. We recognize an allowance for credit losses, up to the amount of the unrealized loss when appropriate, and write down the amortized cost basis of the investment if it is more likely than not we will be required or we intend to sell the investment before recovery of its amortized cost basis.

Equity Investments

Equity investments consist of investments in marketable and non-marketable equity securities. Investments in marketable equity securities are measured and recorded at fair value with changes in fair value, whether realized or unrealized, recorded in the statement of operations and comprehensive income (loss). Equity investments are classified within other current assets. Investments in non-marketable equity securities without a readily determinable fair value, are measured using the measurement alternative under ASC Topic 321, Investments - Equity Securities. This measurement alternative allows us to measure the equity investment at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.

Cash, cash equivalents and restricted cash

Cash equivalents consist of short term deposits and money market funds. The short term deposits are short-term unrestricted highly liquid investments that are readily convertible to cash and with original maturities of three months or less at acquisition. The money market funds consist of institutional investors money market funds and are readily redeemable to cash.

Restricted bank deposits are cash amounts related to bank guarantees mainly in connection with lease agreements and import of vehicles. Such deposits are stated at cost including accrued interest, which approximates market values. These amounts are included in other current and long-term assets on the consolidated balance sheets.

The following is a reconciliation of the cash, cash equivalents and restricted cash for each period presented:


		As of
		December 27,			December 28,
U.S. dollars in millions		2025			2024
Cash		$	35		$	56
Short term deposits			785			419
Money market funds			1,016			951
Restricted cash (within other current and other long-term assets)			24			12
Cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows		$	1,860		$	1,438

Fair value measurement

When determining fair value, the Company considers the principal or most advantageous market in which it would transact, as well as assumptions that market participants would use when pricing the asset or liability. The Company assesses fair value hierarchy levels for its financial assets based on the underlying financial instrument.

Consistent with Accounting Standards Codification (“ASC”) 820, Fair Value Measurement, the Company follows a three-tier fair value hierarchy as a basis for considering the assumptions and for inputs used in the valuation methodologies in measuring fair value:

Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

Level 2: Observable prices that are based on inputs not quoted on active markets but are corroborated by market data or active market data for similar, but not identical assets or liabilities.

Level 3: Unobservable inputs are used when little or no market data is available. The Company monitors and reviews the inputs and results of these valuation models to help ensure the fair value measurements are reasonable and consistent with market experience in similar asset classes. The fair value hierarchy gives the lowest priority to Level 3 inputs.

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible and if applicable considers credit risk in its assessment of fair value.

The carrying amounts of short term deposits classified as cash equivalents, trade accounts receivable and accounts payable approximates their fair value due to the short maturity of these items.

The Company’s investment in money market funds is measured at fair value within Level 1 of the fair value hierarchy because they consist of financial assets for which quoted prices are available in an active market. Interest income related to money market funds for the years ended December 27, 2025, December 28, 2024 and December 30, 2023 amounted to $41 million, $47 million and $46 million, respectively.

The Company’s investment in U.S. government bonds is measured at fair value within Level 1 of the fair value hierarchy because they consist of U.S. government bonds for which quoted prices are available in an active market.

The Company’s marketable equity investments are measured at fair value within Level 1 of the fair value hierarchy because they consist of investments in marketable equity securities for which quoted prices are available in an active market.

The Company’s derivative instruments designated as hedging instruments, are measured at fair value within Level 2 of the fair value hierarchy.

Inventories

Inventories are stated at the lower of cost and net realizable value. The Company computes inventory cost on an average cost basis and adjusts for excess and obsolete inventories primarily based on future demand and market conditions, including product-specific facts and circumstances which considers the Company’s customer base and an assessment of selling price in relation to product cost. Once written-down, a new lower cost basis for that inventory is established.

Property and equipment, net

Property and equipment are stated at cost, less accumulated depreciation. Property and equipment are depreciated on a straight-line basis over their estimated useful lives.

The estimated useful lives per asset type are as follows:


		Years
Computers, electronic equipment and software		3 - 7 (Mainly 4)
Vehicles		7
Office furniture and equipment		14
Buildings		15 - 25 (Mainly 25)

Leasehold improvements are amortized on a straight-line basis over the shorter of the remaining lease term or estimated useful life of the improvements.

Assets in construction are not depreciated until they are available for their intended use.

Goodwill

The Company performs an annual impairment assessment of goodwill at the reporting unit level in the fourth quarter of each year, or more frequently if indicators of potential impairment exist. The analysis may include both qualitative and quantitative factors to assess the likelihood of impairment. In accordance with ASC 350, the Company initially assesses qualitative factors to determine whether the existence of events or circumstances indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Qualitative factors include industry and market considerations, overall financial performance, and other relevant events and factors affecting the reporting unit. If the Company determines, based on this assessment, that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, it performs a quantitative goodwill impairment test by comparing the reporting unit’s fair value with its carrying amount. An impairment loss is recognized for the amount by which the reporting unit’s carrying amount exceeds its fair value.

The Company’s quantitative impairment test may consider both the income approach and the market approach to estimate a reporting unit’s fair value. Significant estimates for the income approach include financial projections, terminal growth rate, and discount rate based on a reporting unit’s weighted average cost of capital. The estimated fair value using a market approach is based on a number of assumptions, including current market capitalization as corroboration of fair value.

Forecasts and estimates are based on assumptions that are consistent with the plans and estimates used to manage the business. Changes in these estimates could change the conclusion regarding an impairment of goodwill.

In the year ended December 27, 2025, no goodwill impairment loss was recognized. In the year ended December 28, 2024, a non-cash goodwill impairment loss of $2,695 million, was recognized for the Mobileye reporting unit, for further detail see Note 10 Goodwill.

Intangible assets, net

The Company amortizes acquisition-related intangible assets that are subject to amortization over their estimated useful life.

The Company performs an annual review of significant finite-lived identified intangible assets to determine whether facts and circumstances indicate that the carrying amount may not be recoverable. These reviews can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as changes in the Company’s business strategy and its forecasts for specific product lines. The Company did not record any impairment of intangible assets for any of the periods presented.

Impairment of long-lived assets

Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. Assets are categorized and evaluated for impairment at the lowest level of identifiable cash flows. In the event that the sum of the expected future undiscounted cash flows expected to be generated by the long-lived assets is less than the carrying amount of such assets, an impairment charge would be recognized and the assets would be written down to their estimated fair values. The Company did not record any impairment of long-lived assets for any of the periods presented.

Research and development, net

Research and development costs are expensed as incurred, and consist primarily of personnel, facilities, equipment, and supplies for research and development activities.

For software embedded in products, the Company follows the provisions of ASC 985, Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed, which requires that software development costs incurred in conjunction with development be charged to research and development expenses until technological feasibility is established. The technological feasibility is established upon completion of a working model. The costs incurred by the Company between technological feasibility and general release to the public have been insignificant. Accordingly, all research and development costs have been expensed as incurred. For development of Cloud-Enhanced ADAS™ systems, the Company applies ASC 350 - 40, Internal - use software, under which costs will be capitalized only when both the preliminary project stage is completed and it is probable that the software being developed is completed and used to perform the function intended.

The Company enters into best-efforts non - refundable, non-recurring engineering (“NRE”) arrangements pursuant to which the Company is reimbursed for a portion of the research and development expenses attributable to specific development programs. The Company does not receive any additional compensation or royalties upon completion of such projects and the potential customer does not commit to purchase the resulting product in the future. The participation reimbursement received by the Company does not depend on whether there are future benefits from the project. All intellectual property generated from these arrangements is exclusively owned by the Company.

Participation in expenses for research and development projects are recognized on the basis of the costs incurred and are netted against research and development expenses in the consolidated statements of operations and comprehensive income (loss). Research and development reimbursements of $94 million, $91 million, and $89 million were offset against research and development costs in the years ended December 27, 2025, December 28, 2024, and December 30, 2023, respectively.

Derivatives and hedging

During the fourth quarter of 2024 the Company initiated a foreign currency cash flow hedging program, designed to hedge the Company’s foreign exchange rate risk, resulting from ILS payroll expenses. The Company hedges portions of its forecasted payroll payments denominated in ILS for a period of up to 12 months, using forward contracts that are designated as cash flow hedges, as defined by ASC 815. These derivative instruments are measured at fair value within Level 2 of the fair value hierarchy. Derivative instruments are recorded as other current assets or other current liabilities, according to the timing of settlement. For these derivative instruments, designated as a cash flow hedge, gains and losses are reported as a component of other comprehensive income (loss) and reclassified into earnings in the same line item associated with the hedged transaction and in the same period or periods during which the hedged transaction affects the statement of operations and comprehensive income (loss). As of December 27, 2025, the Company expects to reclassify all of its unrealized gains and losses from accumulated other comprehensive income (loss) to earnings during the next twelve months. The cash flows associated with these derivatives are classified in the consolidated statements of cash flows consistently with the classification of the underlying hedged transaction, within cash flows from operating activities.

The notional amount and fair value of outstanding derivatives at the end of each period were:


	As of
	December 27,		December 28,
U.S. dollars in millions	2025		2024
Notional amount of derivatives contracts	$	303	$	214
Fair value of derivative assets	$	18	$	2

The change in accumulated other comprehensive income (loss) relating to gains (losses) on derivatives used for hedging was as follows:


		Year ended
		December 27,		December 28,		December 30,
U.S. dollars in millions		2025		2024		2023
Other comprehensive income (loss) before reclassifications		$	39	$	2	$	—
Amounts reclassified out of accumulated other comprehensive (income) loss *			(23)		—		10
Tax effects			(1)		—		(1)
Other comprehensive income (loss), net of tax		$	15	$	2	$	9

* Amounts of gains (losses) reclassified from other comprehensive income (loss) into profit or loss are recorded in cost of revenue and operating expenses.

Revenue recognition

The Company recognizes revenue when performance obligations are satisfied as evidenced by the transfer of control of the Company’s products or services to customers. Substantially all of the Company’s revenue is derived from product sales. In accordance with contract terms, revenue for product sales is recognized at the time of product shipment from the Company’s facilities, as determined by the agreed upon ‘ex-works’ shipping terms which specify that title and risks will pass to the customer upon delivery at the Company’s warehouse. Revenue for product sales to resellers and distributors is recognized at the time of delivery of products to the resellers and distributors.

The Company measures revenue based on the amount of consideration the Company expects to be entitled to in exchange for products or services. Variable consideration is estimated and reflected as an adjustment to the transaction price. The Company determines variable consideration, which consists primarily of various volume rebates, by estimating the most likely amount of consideration the Company expects to receive from the customer. Volume rebates earned by customers are offset against their receivable balances. Rebates earned by customers when they do not have outstanding receivable balances are recorded within other current liabilities. Substantially all of the Company’s contracts do not include right of return or acceptance provisions. Revenue is recognized net of any taxes invoiced to customers, which are subsequently remitted to governmental authorities. Any shipping and handling costs related to the fulfillment of sales are included in cost of revenue.

Sales of the Company’s products regularly include warranties which provides the customer with assurance that the products delivered will perform in accordance with agreed-upon specifications. These standard warranties are assurance - type warranties and do not offer any services in addition to the assurance that the product will continue working as specified. Therefore, the warranties are not considered separate performance obligations.

The Company is generally the principal in a transaction and, therefore, primarily records revenue on a gross basis. When the Company is a principal in a transaction, it has determined that it controls the ability to direct the use of the product prior to transfer to a customer, is primarily responsible for fulfilling the promise to provide the product or service to the customer, has discretion in establishing prices, and ultimately controls the transfer of the product or services provided to the customer.

Advertising expenses

Advertising expenses are charged to sales and marketing on the consolidated statements of operations and comprehensive income (loss) as incurred. Advertising expenses for the years ended December 27, 2025, December 28, 2024, and December 30, 2023 amounted to $3 million, $3 million and $4 million, respectively.

Share-based compensation

In June 2025, the stockholders of the Company approved the Amended and Restated Mobileye Global Inc. 2022 Equity Incentive Plan (the “2022 Plan”), which allows the compensation committee of the Company to make equity-based incentive awards to our employees, consultants and outside directors. Equity awards granted to employees are accounted for using the estimated grant date fair value. The Company values RSUs based on the market value of the underlying share of Mobileye common stock (as applicable) at the date of grant. The Company recognizes share-based compensation expense for the value of its awards, which have graded vesting based on service conditions, using the straight-line method over the requisite service period of each of the awards, net of estimated forfeitures.

Income Taxes

The provision for income tax consists of income taxes in the various jurisdictions where the Company is subject to taxation, primarily the United States and Israel.

The Company computes the provision for income taxes under the asset and liability method prescribed by the Financial Accounting Standards Board (“FASB”) Guidance ASC 740, Income Taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in these consolidated financial statements. Under this method, deferred tax assets and liabilities, resulting from temporary differences between the financial reporting and tax bases of assets and liabilities, are measured as of the balance sheet date using enacted tax rates expected to apply to taxable income in the years the temporary differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

The realization of deferred tax assets depends upon the existence of sufficient taxable income, of appropriate character, within the carryback or carryforward periods under the tax law in the applicable tax jurisdiction. Valuation allowances are established when the Company determines, based on available information, that it is more likely than not that deferred tax assets will not be realized. Significant judgment is required in determining whether valuation allowances should be established, as well as the amount of such allowances.

The Company records accruals for uncertain tax positions when the Company believes that it is more likely than not that a tax position will not be sustained on examination by tax authorities based on the technical merits of the position. The Company adjusts these accruals when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate.

During the years ended December 30, 2023, December 28, 2024 and through the Secondary Offering in July 2025, certain components of the Company’s business operations were included in the Parent’s consolidated U.S. domestic income tax return while the Company continued to file various foreign income tax returns separately from the Parent. Following the Secondary Offering, which resulted in the Tax Deconsolidation (see also Note 1 General), the Company is no longer included in the Parent’s U.S. domestic consolidated federal and applicable state income tax returns and will be filing its own U.S. corporate income tax returns for periods beginning July 12, 2025 onwards. Prior to the Tax Deconsolidation event, the income tax provision included in the Company’s consolidated financial statements was calculated using the separate return method, as if the Company had filed its own U.S. corporate income tax returns. The Tax Deconsolidation event did not have a material impact on the Company’s income tax provision for the year ended December 27, 2025.

The Company had previously entered into a Tax Sharing Agreement with its Parent (which was amended and restated on August 14, 2024) (the Tax Sharing Agreement, as amended, the “TSA”), to establish the amount of cash payable for the Company’s share of the tax liability owed on consolidated tax return filings with its Parent. For periods prior to the Tax Deconsolidation, any differences between taxes currently payable to the Company’s Parent under the TSA and the current tax provision computed on a separate return basis, were reflected as adjustments to additional paid-in capital in the consolidated statement of changes in equity and financing activities within the consolidated statement of cash flows. As a result of the Tax Deconsolidation, starting July 12, 2025 the computation of cash payable between the Company and Intel, under the TSA, is no longer applicable with respect to U.S. federal and applicable state income taxes. Accordingly, starting July 12, 2025, Mobileye calculates and reports its U.S. federal and applicable state income tax liabilities as a standalone taxpayer and will no longer allocate or share tax attributes, liabilities or benefits with its Parent as previously required under the TSA. For periods prior to the Tax Deconsolidation, Mobileye and its Parent will continue to account for any outstanding tax sharing obligations in accordance with the terms of the TSA. For additional information regarding the Tax Sharing Agreement, see Note 9 Related Party Transactions.

For further details regarding income tax, see Note 8 Income Taxes.

Provision for warranties

The Company provides warranties for its products, which vary with respect to each contract and in accordance with the nature of each specific product. The warranty terms vary from one to three years. The Company estimates the costs that may be incurred under its warranty and records a liability in the amount of such costs at the time revenue is recognized. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary.

Provision for warranties is included in other current liabilities on the consolidated balance sheets. Provision for warranties as of December 27, 2025 and December 28, 2024, as well as warranty expenses for the each of the years presented were not material.

Loss contingencies

The Company is currently involved in commercial claims within the ordinary course of business. The Company reviews the status of each matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the loss can be reasonably estimated, the Company accrues a liability for the estimated loss. When accruing these costs, the Company recognizes an accrual for an amount within a range of loss that is the best estimate within the range. When no amount within the range is a better estimate than any other, the Company accrues for the minimum estimated loss within the range. The Company discloses contingencies when it believes that a loss is not probable, but reasonably possible.

Management believes that there are no current matters that would have a material effect on the Company’s consolidated balance sheets, statement of operations and comprehensive income (loss) or cash flows. Legal fees are expensed as incurred.

Leases

The Company accounts for leases in accordance with ASC 842, Leases, which requires lessees to recognize leases on the consolidated balance sheets and disclose key information about leasing arrangements.

Leases primarily consist of real estate property and vehicles and are classified as operating leases with fixed payment terms. Certain operating leases provide for annual increases to lease payments based on an index or a rate. The Company determines if an arrangement is a lease, or contains a lease, at inception and records the leases upon lease commencement, which is the date when the underlying asset is made available for use by the lessor. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are included in other long-term assets, other current liabilities, and other long-term liabilities on the consolidated balance sheets. Lease expenses for the operating leases are recognized on a straight-line basis over the lease term and are included in operating expenses in the consolidated statements of operations and comprehensive income (loss). Options to extend or terminate the lease are taken into account when it is reasonably certain at the commencement date that such options will be exercised by the Company.

The Company elected to apply the short-term lease exemption for lease with a non-cancelable period of twelve months or less. Additionally, the Company has lease agreements with lease and non-lease components. The non-lease components are accounted for separately and not included in the leased assets and corresponding liabilities. On the commencement date, lease payments that include variable lease payments dependent on an index or a rate (such as the Consumer Price Index), are initially measured using the index or rate at the commencement date.

The interest rate used to determine the present value of the future lease payments is the Company’s incremental borrowing rate because the interest rate implicit in most of its leases is not readily determinable.

Earnings (loss) per share

Basic earnings (loss) per share is computed by dividing net income (loss) for the period by the weighted-average number of common shares outstanding during the period. Undistributed earnings (loss) are allocated proportionally to Class A and Class B stockholders as both classes are entitled to share equally, on a per share basis, in dividends and other distributions. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period, while giving effect to all potentially dilutive common shares to the extent they are dilutive. Potentially dilutive common shares result from the assumed vesting of RSUs under the 2022 Plan, using the “treasury stock” method. RSUs are not included in the computation of diluted earnings (loss) per share if the effect of their inclusion would have been anti-dilutive. See Note 7 Earnings (Loss) Per Share as well as Note 6 Equity, for further discussion on awards.

Share repurchases

We have elected to retire shares repurchased to date. The retired shares are equivalent to authorized, unissued shares and are no longer considered to be outstanding or held in treasury. The excess purchase price of the shares over the par value is recorded as a reduction to additional paid - in - capital or to retained earnings if the balance in additional paid - in capital is not sufficient.

Concentration of credit risk

Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents, which include short-term deposits, money market funds, U.S. government bonds, derivative financial instruments, and also trade accounts receivable.

The majority of the Company’s cash and cash equivalents are invested in banks domiciled in the U.S. and Europe, as well as in Israel. Generally, these cash equivalents may be redeemed upon demand. Short - term bank deposits are held in the aforementioned banks. The money market funds consist of institutional investors money market funds and are readily redeemable to cash, and the U.S. government bonds are also highly liquid. Derivative financial instruments are forward contracts entered into with major banks in Israel to hedge the Company’s foreign exchange rate risk. Accordingly, management believes that these bank deposits, money market funds, U.S. government bonds and derivative financial instruments have minimal credit risk.

The Company’s accounts receivable are derived primarily from sales to Tier 1 suppliers to the automotive manufacturing industry located mainly in the U.S., Europe, and China. Concentration of credit risk with respect to accounts receivable is mitigated by credit limits, ongoing credit evaluation, and account monitoring procedures. Credit is granted based on an evaluation of a customer’s financial condition and, generally, collateral is not required. Trade accounts receivable are typically due from customers within 30 to 60 days.

The Company performs ongoing credit evaluations of its customers and has not experienced any material losses in the periods presented. The Company recognizes an allowance for credit losses for any potential uncollectible amounts. The allowance is based on various factors, including historical experience, the age of the accounts receivable balances, credit quality of the customers, and other reasonable and supportable information. This allowance consists of an amount based on overall estimated exposure for the receivable portfolio and amounts identified for specific customers. Expected credit losses are recorded as general and administrative expenses in the Company’s consolidated statement of operations and comprehensive income (loss). As of December 27, 2025 and December 28, 2024, the credit loss allowance for trade accounts receivable was not material. For each of the years presented, the charge-offs and recoveries in relation to the credit losses were not material.

Customer concentration risk

The Company’s business, results of operations, and financial condition for the foreseeable future will likely continue to depend on sales to a relatively small number of customers. In the future, these customers may decide not to purchase the Company’s products, may purchase fewer products than in previous years, or may alter their purchasing patterns. Further, the amount of revenue attributable to any single customer or customer concentration generally may fluctuate in any given period. In addition, a decline in the production levels of one or more of the Company’s major customers, particularly with respect to vehicle models for which the Company is a significant supplier, could reduce revenue. The loss of one or more key customers, a reduction in sales to any key customer or the Company’s inability to attract new significant customers could negatively impact revenue and adversely affect the Company’s business, results of operations, and financial condition. See Note 12 Segment Information related to customers that accounted for more than 10% of the Company’s total revenue and more than 10% of the total accounts receivable balance for each of the years presented in these consolidated financial statements.

Dependence on a single supplier or limited suppliers risk

The Company purchases all its System on Chip (“EyeQ™ SoC”) from a single supplier. For certain materials, equipment, and services, we, and/or our suppliers and vendors, rely on a single or a limited number of direct and indirect suppliers and vendors. Any issues that occur and persist in connection with the manufacture, delivery, quality, or cost of the assembly and testing of inventory could adversely effect the Company’s business, results of operations and financial condition. See below regarding a shortage in EyeQ™ SoCs that the Company experienced during 2021 and 2022 and may experience in the future, including in ECUs for SuperVision™ and other components for our products.

Supply chain risk

During the fiscal years 2021 and 2022, the semiconductor industry experienced widespread shortages of substrates and other components and available foundry manufacturing capacity. During 2021 and 2022, STMicroelectronics, our sole supplier of EyeQ™ SoCs, was not able to meet our demand for EyeQ™ SoCs, causing a significant reduction in the Company’s inventory levels. Starting in late 2022 and early 2023, such supply disruptions, raw material shortages and manufacturing limitations abated and during 2023, we successfully increased levels of EyeQ™ SoC inventory on hand, mitigating the potential for future supply constraints to cause a shortfall of chips. However, in the event of a reoccurrence of supply chain constraints, and subject to the duration and severity thereof, we may be required to operate with minimal or no inventory of EyeQ™ SoCs or SuperVision™ ECUs on hand. As a result, we are substantially reliant on timely shipments of EyeQ™ SoCs from STMicroelectronics and ECUs from Quanta Computer (or other suppliers) to fulfill customer orders and if such a shortfall of chips or ECUs were to occur, we may be unable to offset future supply constraints through the use of inventory on hand. Since our EyeQ™ SoC is the core of our ADAS and autonomous driving solutions, continued, acute shortages in the supply of sufficient EyeQ™ SoCs to meet our production needs would impair our ability to meet our customers’ requirements in a timely manner, and would affect our business, results of operations, and financial condition potentially in an adverse manner.

New Accounting pronouncements

Accounting pronouncements adopted in the period

In December 2023, the FASB issued ASU 2023-09 Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. For public business entities, the ASU is effective for annual periods beginning after December 15, 2024. The Company implemented the new income tax disclosures retrospectively. The implementation of ASU 2023-09 affected disclosures only and had no impact on the Company’s financial condition or results of operations (See Note 8 Income Taxes).

Accounting Pronouncements effective in future periods

In November 2024, the FASB issued ASU 2024-03 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosure (Subtopic 220-40): Disaggregation of Income Statement Expense (“ASU 2024-03”) and ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date (“ASU 2025-01”). ASU 2024-03 and ASU 2025-01 improves the disclosures about a public business entity’s expenses and provides more detailed information about the types of expenses in commonly presented expense captions. The amendments require that at each interim and annual reporting period an entity will, inter alia, disclose amounts of purchases of inventory, employee compensation, depreciation and amortization included in each relevant expense caption (such as cost of revenue, general and administrative, and research and development). ASU 2024-03 and ASU 2025-01 are both effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is evaluating the potential impact of ASU 2024-03 and ASU 2025-01 on its consolidated financial statement disclosures.

In July 2025, the FASB issued Accounting Standards Update 2025-05, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (“ASU 2025-05”). ASU 2025-05 provides a practical expedient that all entities can use when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, Revenue from Contracts with Customers. Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, and interim reporting periods in those years. Entities that elect the practical expedient and, if applicable, make the accounting policy election are required to apply the amendments prospectively. ASU 2025-05 is not expected to have a material impact on the Company’s consolidated financial statements.

In September 2025, the FASB issued Accounting Standards Update 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”). ASU 2025-06 provides targeted improvements to the accounting for internal-use software costs by replacing the existing project-stage model with a principles-based approach to determine when capitalization of costs should begin. ASU 2025-06 is effective for all entities for annual reporting periods beginning after December 15, 2027 on a prospective basis, with early adoption permitted. The Company is currently evaluating the potential impact that ASU 2025-06 will have on its consolidated financial statements.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements (“ASU 2025-11”). ASU 2025-11 provides clarifications intended to improve the consistency and usability of interim disclosure requirements, including a comprehensive listing of required interim disclosures and a new disclosure principle for reporting material events occurring after the most recent annual period. The amendments do not change the underlying objectives of interim reporting but are designed to enhance clarity in application. The guidance is effective for fiscal years beginning after December 15, 2027, including interim periods within those fiscal years.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (392)	$ (3,090)	$ (27)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation of property and equipment	74	62	39
Share-based compensation	277	279	252
Amortization of intangible assets	443	444	474
Goodwill impairment	0	2,695
Exchange rate differences on cash and cash equivalents	(17)	2	5
Deferred income taxes	(15)	(101)	(14)
Interest with related party, net			16
(Gains) losses on equity and debt investments, net	(1)	(3)
Other	9		1
Changes in operating assets and liabilities:
Decrease (increase) in trade accounts receivable	81	124	(88)
Decrease (increase) in other current assets	(16)	15	8
Decrease (increase) in inventories	89	(24)	(278)
Decrease (increase) in other long - term assets	(13)	(11)	(3)
Increase (decrease) in accounts payable, accrued expenses and related party payable	26	(29)	10
Increase (decrease) in employee-related accrued expenses and long-term benefits	52	25	(1)
Increase (decrease) in other current liabilities	(5)	6	(7)
Increase (decrease) in other long-term liabilities	10	6	7
Net cash provided by operating activities	602	400	394
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(79)	(81)	(98)
Purchases of debt and equity investments	(106)	(62)
Maturities and sales of debt and equity investments	94	23
Net cash used in investing activities	(91)	(120)	(98)
CASH FLOWS FROM FINANCING ACTIVITIES
Share-based compensation recharge	(6)	(66)	(100)
Repurchase of common stock from Parent	(100)
Net cash used in financing activities	(106)	(66)	(100)
Effect of foreign exchange rate changes on cash and cash equivalents	17	(2)	(5)
Increase in cash, cash equivalents and restricted cash	422	212	191
Balance of cash, cash equivalents and restricted cash, at beginning of year	1,438	1,226	1,035
Balance of cash, cash equivalents and restricted cash, at end of year	1,860	1,438	1,226
Supplementary non-cash investing and financing activities:
Non-cash purchase of property and equipment	21	9	17
Tax sharing agreement with Parent	(3)	$ (34)	3
Conversion of Class B common stock to Class A common stock	$ 1
Supplemental cash flow information:
Interest received from related party			$ 16

SIGNIFICANT ACCOUNTING POLICIES - Estimated useful lives per asset type (Details)	Dec. 27, 2025
Computers, electronic equipment and software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computers, electronic equipment and software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	14 years
Buildings \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	25 years

IDENTIFIED INTANGIBLE ASSETS - Components (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
IDENTIFIED INTANGIBLE ASSETS
Gross Assets	$ 4,482	$ 4,491
Accumulated Amortization	3,316	2,882
Net	1,166	1,609
Developed technology
IDENTIFIED INTANGIBLE ASSETS
Gross Assets	3,705	3,705
Accumulated Amortization	2,761	2,384
Net	944	1,321
Customer relationships & brands
IDENTIFIED INTANGIBLE ASSETS
Gross Assets	777	786
Accumulated Amortization	555	498
Net	$ 222	$ 288

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

EQUITY (Tables)

12 Months Ended

Dec. 27, 2025

EQUITY

Schedule of RSUs activity


				Weighted average grant
		Number of RSUs		date fair value per share
		In thousands		U.S. dollars
Outstanding as of December 31, 2022		12,564		$	21
Granted		6,782			40
Vested		(4,240)			21
Forfeited		(328)			26
Outstanding as of December 30, 2023		14,778			30
Granted		13,542			25
Vested		(5,574)			29
Forfeited		(1,293)			30
Outstanding as of December 28, 2024		21,453			27
Granted		22,985			16
Vested		(9,254)			27
Forfeited		(2,331)			23
Outstanding as of December 27, 2025		32,853		$	20

Schedule of share-based compensation expenses


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Cost of revenue		$	2		$	2		$	2
Research and development, net			239			244			212
Sales and marketing			6			6			7
General and administrative			30			27			31
Total share-based compensation		$	277		$	279		$	252

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 27, 2025

SEGMENT INFORMATION

Schedule of segment results


		Year ended December 27, 2025
U.S. dollars in millions		Mobileye			Other			Total
Revenues		$	1,855		$	39		$	1,894
Cost of revenues			604			7			—
Research and development, net			883			29			—
Sales and marketing			31			10			—
General and administrative			46			4			—
Segment performance		$	291		$	(11)		$	280
Amortization of intangible assets									(443)
Share-based compensation									(277)
Financial income (expense), net									63
Income (loss) before taxes on income								$	(377)

Depreciation of property and equipment		$	74		$	—		$	74


		Year ended December 28, 2024
U.S. dollars in millions		Mobileye			Other			Total
Revenues		$	1,613		$	41		$	1,654
Cost of revenues			529			6			—
Research and development, net			810			29			—
Sales and marketing			31			13			—
General and administrative			40			3			—
Segment performance		$	203		$	(10)		$	193
Amortization of intangible assets									(444)
Share-based compensation									(279)
Goodwill impairment									(2,695)
Financial income (expense), net									62
Income (loss) before taxes on income								$	(3,163)

Depreciation of property and equipment		$	62		$	—		$	62


		Year ended December 30, 2023
U.S. dollars in millions		Mobileye			Other			Total
Revenues		$	2,045		$	34		$	2,079
Cost of revenues			619			5			—
Research and development, net			645			32			—
Sales and marketing			33			10			—
General and administrative			38			4			—
Segment performance		$	710		$	(17)		$	693
Amortization of intangible assets									(474)
Share-based compensation									(252)
Financial income (expense), net									49
Income (loss) before taxes on income								$	16

Depreciation of property and equipment		$	39		$	—		$	39

Schedule of total revenues based on country


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
China		$	428		$	424		$	640
USA			416			304			437
Germany			297			269			353
South Korea			192			219			164
United Kingdom			117			117			150
Poland			110			82			97
Slovakia			88			21			6
Hungary			85			76			94
Czech Republic			59			55			50
Thailand			30			9			2
Rest of World			72			78			86
Total		$	1,894		$	1,654		$	2,079

Schedule of concentration of risk


		Year ended
		December 27,		December 28,		December 30,
		2025		2024		2023
Percent of total revenues
Customer A		30	%	27	%	30	%
Customer B		17	%	20	%	24	%
Customer C		15	%	14	%	14	%
Customer D		14	%	*		*
Customer E		*		13	%	*

*Less than 10%


	As of
	December 27,		December 28,
	2025		2024
Percent of total accounts receivables balance
Customer A	39	%	35	%
Customer B	*		23	%
Customer C	14	%	13	%
Customer D	13	%	*

*Less than 10%

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 27, 2025	Feb. 03, 2026	Jun. 28, 2025
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 27, 2025
Document Transition Report	false
Securities Act File Number	001-41501
Entity Registrant Name	Mobileye Global Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-0666433
Entity Address, Address Line One	Har Hotzvim, 1 Shlomo Momo HaLevi Street
Entity Address, City or Town	Jerusalem
Entity Address, Country	IL
Entity Address, Postal Zip Code	9777015
City Area Code	972
Local Phone Number	2-541-7333
Title of 12(b) Security	Class A common stock, $0.01 par value per share
Trading Symbol	MBLY
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1,840
Documents Incorporated by Reference [Text Block]	Portions of the Mobileye Global Inc. 2026 definitive Proxy Statement, which will be filed with the Securities and Exchange Commission within 120 days after December 27, 2025, are incorporated by reference in Part III of this Form 10-K.
Entity Central Index Key	0001910139
Current Fiscal Year End Date	--12-27
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	Kesselman & Kesselman C.P.A.s
Auditor Location	Tel Aviv, Israel
Auditor Firm ID	1309
Class A common stock
Document and Entity Information
Entity Common Stock, Shares Outstanding		243,613,499
Class B common stock
Document and Entity Information
Entity Common Stock, Shares Outstanding		597,768,015

SEGMENT INFORMATION - Total revenues based on the country (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
SEGMENT INFORMATION
Revenue	$ 1,894	$ 1,654	$ 2,079
China
SEGMENT INFORMATION
Revenue	428	424	640
USA
SEGMENT INFORMATION
Revenue	416	304	437
Germany
SEGMENT INFORMATION
Revenue	297	269	353
South Korea
SEGMENT INFORMATION
Revenue	192	219	164
United Kingdom
SEGMENT INFORMATION
Revenue	117	117	150
Poland
SEGMENT INFORMATION
Revenue	110	82	97
Slovakia
SEGMENT INFORMATION
Revenue	88	21	6
Hungary
SEGMENT INFORMATION
Revenue	85	76	94
Czech Republic
SEGMENT INFORMATION
Revenue	59	55	50
Thailand
SEGMENT INFORMATION
Revenue	30	9	2
Rest of World
SEGMENT INFORMATION
Revenue	$ 72	$ 78	$ 86

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
EARNINGS (LOSS) PER SHARE
Dilutive shares, Exclusive of common share	27,500,000	18,100,000	5,900,000
Numerator:
Net Income (Loss)	$ (392)	$ (3,090)	$ (27)
Denominator:
Weighted average common shares - basic	813,000,000	809,000,000	805,000,000
Weighted average common shares - diluted	813,000,000	809,000,000	805,000,000
Earnings (loss) per share:
Basic	$ (0.48)	$ (3.82)	$ (0.03)
Diluted	$ (0.48)	$ (3.82)	$ (0.03)
Class A common stock
EARNINGS (LOSS) PER SHARE
Number of shares outstanding	216,980,847	100,226,477
Class A common stock \| Intel
EARNINGS (LOSS) PER SHARE
Number of shares outstanding	216,980,847
Class A common stock \| Mobileye \| Intel
EARNINGS (LOSS) PER SHARE
Number of shares outstanding	50,000,000
Class B common stock
EARNINGS (LOSS) PER SHARE
Number of shares outstanding	597,768,015	711,500,000
Class B common stock \| Mobileye \| Intel
EARNINGS (LOSS) PER SHARE
Number of shares outstanding	597,768,015

GOODWILL (Tables)

12 Months Ended

Dec. 27, 2025

GOODWILL

Schedule of goodwill


U.S. dollars in millions		Mobileye			Other			Total
December 30, 2023		$	10,784		$	111		$	10,895
Impairment			(2,695)			—			(2,695)
December 28, 2024		$	8,089		$	111		$	8,200
December 27, 2025		$	8,089		$	111		$	8,200

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 27, 2025

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

NOTE 7 - EARNINGS (LOSS) PER SHARE

As of December 27, 2025, we have 597,768,015 Class B shares, all held by Intel, and 216,980,847 Class A shares out of which 50,000,000 shares are held by Intel, both of which are utilized for the calculation of basic and diluted EPS. The outstanding Class A shares also include shares issued upon vesting of outstanding RSUs, see Note 6 Equity.

For the years ended December 27, 2025, December 28, 2024 and December 30, 2023, the computation of diluted earnings (loss) per share attributable to common stockholders does not include 27.5 million, 18.1 million and 5.9 million potential common shares, respectively, related to restricted stock units granted under the 2022 Plan to the Company’s employees, as the effect of their inclusion would have been anti-dilutive.

The following table summarizes the calculation of basic and diluted earnings (loss) per share for the periods presented:


		Year ended
		December 27,			December 28,			December 30,
In millions, except per share amounts		2025			2024			2023
Numerator:
Net income (loss)		$	(392)		$	(3,090)		$	(27)
Denominator:
Weighted average common shares - basic and diluted			813			809			805
Earnings (loss) per share:
Basic and diluted		$	(0.48)		$	(3.82)		$	(0.03)

INVESTMENTS

12 Months Ended

Dec. 27, 2025

INVESTMENTS

INVESTMENTS

NOTE 13 - INVESTMENTS

Debt Investments

Debt investments include U.S. government bonds and money market funds. U.S. government bonds are for original maturities of up to six months and are classified as available for sale and measured at fair value with the related unrealized gains and losses included in other comprehensive income (loss), net. Money market funds, measured at fair value, consist of institutional investors money market funds and are readily redeemable to cash.

The following tables summarize the Company’s marketable debt securities:


U.S. dollars in millions		December 27, 2025
														Reported as
		Amortized cost			Unrealized gain			Unrealized loss			Fair value			Cash and cash equivalents			Other current assets
U.S. government bonds		$	55		$	—		$	—		$	55		$	—		$	55
Money market funds			1,016			—			—			1,016			1,016			—
Total		$	1,071		$	—		$	—		$	1,071		$	1,016		$	55


U.S. dollars in millions		December 28, 2024
														Reported as
		Amortized cost			Unrealized gain			Unrealized loss			Fair value			Cash and cash equivalents			Other current assets
U.S. government bonds		$	33		$	—		$	—		$	33		$	—		$	33
Money market funds			951			—			—			951			951			—
Total		$	984		$	—		$	—		$	984		$	951		$	33

Equity Investments

Marketable equity securities

During the second quarter of 2024, we purchased marketable equity investments in the amount of $10 million, which were classified within other current assets and measured at fair value. During the fourth quarter of 2024, we sold all of the marketable equity investments. Realized gains recorded in financial income (expense), net for the year ended December 28, 2024 amounted to $3 million.

Non-marketable equity securities

In 2024, the Company entered into a series of investment agreements with a privately held company, pursuant to which the Company agreed to purchase up to $25 million of preferred stock. In October 2024, the Company purchased $10 million of preferred stock in the privately held company. The Company no longer has an obligation to purchase additional preferred stock pursuant to the terms of the applicable preferred stock investment agreements.

In July 2025, the privately held company entered into an agreement and plan of merger, pursuant to which a buyer agreed to acquire the privately held company and merge the foregoing with a wholly-owned subsidiary of the buyer, subject to satisfaction by the parties of certain closing conditions. Upon closing of the merger in August 2025, the Company received consideration in the amount of $10.3 million for its shares of preferred stock. In February 2026, the Company received additional consideration in the amount of $0.2 million, following the release of additional amounts that were held in escrow pursuant to the terms of the agreement and plan of merger. In connection with the agreement and plan of merger, the Company entered into an amendment of certain preferred stock investment agreements pursuant to which the Company had the option but not the obligation, to purchase additional preferred stock prior to the closing of the agreement and plan of merger. With the closing of the merger, the Company no longer has this option.

The investment did not provide the Company the ability to control or have significant influence over the operations of the privately held company. We have accounted for the investment using the measurement alternative because the securities are not publicly traded and do not have a readily determinable fair value. Under the measurement alternative, the equity investment is initially recorded at its cost, but the carrying value may be adjusted through earnings upon an impairment or when there is an observable price change involving the same or a similar investment with the same issuer. Upon closing of the merger and the sale of our investment, the Company recognized financing income of $0.3 million.

INCOME TAXES - Benefit (provision) for income taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Current income taxes:
Foreign	$ (30)	$ (28)	$ (58)
Total current benefit (provision) for income taxes	(30)	(28)	(58)
Deferred income taxes:
State		1
Federal	(28)	53	(28)
Foreign	43	47	43
Total deferred benefit (provision) for income taxes	15	101	15
Total benefit (provision) for income taxes	$ (15)	$ 73	$ (43)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

SEGMENT INFORMATION - Accounts receivable balances of major customers (Details) - Accounts Receivable - Credit Concentration Risk	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Customer A
SEGMENT INFORMATION
Concentration risk percentage	39.00%	35.00%
Customer B
SEGMENT INFORMATION
Concentration risk percentage		23.00%
Customer C
SEGMENT INFORMATION
Concentration risk percentage	14.00%	13.00%
Customer D
SEGMENT INFORMATION
Concentration risk percentage	13.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

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-URI https://asc.fasb.org/1943274/2147478785/954-310-50-2

+ Details

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

SIGNIFICANT ACCOUNTING POLICIES - Notional amount and fair value of outstanding derivatives at the end of each period (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
SIGNIFICANT ACCOUNTING POLICIES
Notional amount of derivatives contracts	$ 303	$ 214
Fair value of derivative assets	$ 18	$ 2

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

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+ Details

LEASES (Tables)

12 Months Ended

Dec. 27, 2025

LEASES

Schedule of operating leases presented on the consolidated balance sheets in other long-term assets, other current liabilities and long-term liabilities


		As of
		December 27,			December 28,
U.S. dollars in millions		2025			2024
Operating lease right-of-use assets		$	50		$	47
Operating lease liabilities:
Current portion of lease liabilities			18			13
Long-term lease liabilities			44			37
Total operating lease liabilities		$	62		$	50

Schedule of supplemental information related to operating leases


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Operating cash outflows from operating leases		$	18		$	16		$	16
Right-of-use assets recognized in exchange for lease obligations		$	19		$	13		$	8

Schedule of maturities of future minimum lease payments


		December 27,
U.S. Dollars in millions		2025
2026		$	20
2027			17
2028			14
2029			9
2030 and thereafter			8
Total operating lease payments			68
Imputed interest			(6)
Present value of lease liabilities		$	62

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 27, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity risk management is an integral part of our overall enterprise risk management program, which we have continued to invest in developing. Our corporate cybersecurity risk management program provides a framework for handling cybersecurity threats and incidents, including threats and incidents associated with the use of services provided by third-party vendors and service providers, and facilitating coordination across different business units of the Company. Our corporate cybersecurity risk management program is based on and audited against industry standards, including ISO 27001 for Information Security Management Systems (ISMS) and the automotive industry’s Trusted Information Security Assessment Exchange standard (TISAX). Our corporate cybersecurity team is responsible for operating our cybersecurity risk management program. The cybersecurity team determines with management an annual workplan for risk assessments, reviews, audits and tests. The cybersecurity team also conducts vulnerability assessments, security reviews and penetration tests on a regular basis in accordance with such workplan. Following risk assessments that require any remediation, the cybersecurity team then conducts a risk treatment and response process, including mitigation, remediation and risk reduction efforts. Our policies also require that Internet-accessible enterprise systems and applications must undergo a penetration test at least annually, and we engage specialized, independent, third parties to conduct penetration tests and specific in-depth reviews of certain enterprise systems and applications. With respect to overseeing and identifying cybersecurity risks associated with third parties, we seek to impose certain cybersecurity requirements on critical third parties with whom we do business. The cybersecurity team performs risk assessments, due diligence checks and validation of key security controls in accordance with our cybersecurity policies and standards for third-party vendors and service providers with whom we exchange information or integrate our information systems and networks. We include cybersecurity and privacy addenda and clauses in our agreements with such third parties where applicable and seek to pass through any necessary regulatory and contractual requirements to such third parties. When we do become aware that a third-party vendor or service provider has experienced a compromise or failure, we attempt to mitigate our risk, including by terminating such third party’s connection to our information systems and networks where appropriate or by exercising any applicable contractual remedies we may have, such as a right to indemnification. On a semi-annual basis the cybersecurity team conducts a program performance evaluation with management to assess the continuing suitability, adequacy and effectiveness of the Company’s cybersecurity risk management program, including with respect to the fulfillment of cybersecurity objectives and compliance with industry standards, and to recommend changes to the Company’s threat modeling, priorities for future risk assessments, policy adjustments in response to newly identified risks or non-compliance, and overall risk acceptance. To foster a culture of cybersecurity awareness within the Company and provide employees with further knowledge of cybersecurity-conscious behavior, all employees of the Company are required to attend cybersecurity training sessions during the onboarding process and at least once per year.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The cybersecurity team also conducts vulnerability assessments, security reviews and penetration tests on a regular basis in accordance with such workplan. Following risk assessments that require any remediation, the cybersecurity team then conducts a risk treatment and response process, including mitigation, remediation and risk reduction efforts. Our policies also require that Internet-accessible enterprise systems and applications must undergo a penetration test at least annually, and we engage specialized, independent, third parties to conduct penetration tests and specific in-depth reviews of certain enterprise systems and applications.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our board of directors has overall oversight responsibility for our risk management, and delegates cybersecurity risk management oversight to the Audit Committee. The Audit Committee is responsible for ensuring that management has processes in place designed to identify and assess cybersecurity risks to which the Company is exposed and implement processes and programs designed to manage cybersecurity risks and mitigate and remediate cybersecurity threats and incidents. Both management and the Audit Committee also report material cybersecurity risks to our full board of directors, based on management’s assessment of risk.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Audit Committee
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The COO and CISO provide updates to the audit committee of our board of directors (the “Audit Committee”) on the Company’s cybersecurity programs, material cybersecurity risks and mitigation strategies. In addition to such regular updates, and as part of our incident response processes, our COO is also responsible for informing the Audit Committee of material cybersecurity threats and incidents, based on management’s assessment of risk.
Cybersecurity Risk Role of Management [Text Block]	The Audit Committee is responsible for ensuring that management has processes in place designed to identify and assess cybersecurity risks to which the Company is exposed and implement processes and programs designed to manage cybersecurity risks and mitigate and remediate cybersecurity threats and incidents.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Chief Information Security Officer
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO has served in that position since 2019 and has over 25 years of managerial and professional cybersecurity expertise. He has held the role of CISO and other senior management positions with NDS, Cisco and Deloitte and has also served as cybersecurity consultant for companies in multiple global industries. Our COO has over 20 years of experience in project management and cybersecurity, including from past roles with Verint-Systems and Cisco Systems as well as the establishment and management of the Company’s cybersecurity team prior to our CISO joining the Company.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Company’s cybersecurity team regularly meets with the COO to report its findings. The COO in turn periodically reports on such matters to the Chief Executive Officer and other members of management.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

EMPLOYEE BENEFITS

12 Months Ended

Dec. 27, 2025

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS

NOTE 4 - EMPLOYEE BENEFITS

In Israel

Severance

Israeli labor laws generally require severance payments upon dismissal of an employee or upon termination of employment in certain other circumstances. The following plans relate to the Company’s employees in Israel.

Severance pay liability with respect to Israeli employees is calculated pursuant to Israeli Severance Pay Law based on the most recent salary of the employees, multiplied by the number of years of employment as of the period-end date. The Company records an expense for the increase in its severance liability, net of income (losses) from the related severance pay funds. The liabilities are presented on an undiscounted basis and included on the consolidated balance sheets as a long-term employee benefit. Severance pay liabilities as of December 27, 2025 and December 28, 2024 were $78 million and $62 million, respectively.

The Company’s liability for all of its Israeli employees is covered by monthly deposits with severance pay funds. The value of the deposited funds is based on the cash surrender value of these policies and includes gains (or losses) accumulated through the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligations pursuant to Israeli Severance Pay Law or labor agreements. Severance pay funds, which are included in other long-term assets, were $69 million and $52 million as of December 27, 2025 and December 28, 2024, respectively.

The majority of the Company’s liability for severance pay is covered by the provisions of Section 14 of the Israeli Severance Pay Law (“Section 14”). Under Section 14, employees are entitled to monthly deposits, at a rate of 8.33% of their monthly salary, contributed by the Company on their behalf to their insurance funds. Payments by the Company in accordance with Section 14 release the Company from any future severance payments in respect of those employees. As a result, the Company does not recognize any liability for severance pay due to these employees under Section 14 and the related deposits are not recorded as assets on the consolidated balance sheets.

Non-Israeli Defined Contribution Plans

Most of the Company’s non-Israeli subsidiaries provide defined contribution plans for the benefit of their employees. The plans primarily provide for Company matching contributions based upon a percentage of the employees’ contributions. The Company’s contributions for each of the years presented under such plans were not material.

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 27, 2025

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 9 - RELATED PARTY TRANSACTIONS

The Company has entered into a series of related party arrangements with Intel. The arrangements were as follows:

Stock Compensation Recharge Agreement

The Company entered into a stock compensation recharge agreement with Intel, which requires the Company to reimburse Intel for certain amounts, net of any related withholding tax, relating to the value of share-based compensation provided to the Company’s employees for RSUs or stock options exercisable in Intel stock. The reimbursement amounts recorded as an adjustment to additional paid-in capital in the consolidated statement of changes in equity were $9 million, $62 million and $100 million for the years ended December 27, 2025, December 28, 2024 and December 30, 2023, respectively.

Lease agreements

Under lease agreements with Intel, the Company leases office space in Intel’s buildings. The costs are included in the consolidated statements of operations and comprehensive income (loss) primarily on a specific and direct attribution basis, as described in Note 2 Significant Accounting Policies. The leasing costs for the years ended December 27, 2025, December 28, 2024 and December 30, 2023 were $2.6 million, $2.8 million and $4.4 million, respectively.

Other services to a related party

The Company reimbursed its Chief Executive Officer for reasonable travel related expenses incurred while conducting business on behalf of the Company as well as paid for certain security related costs. For the years ended December 27, 2025, December 28, 2024, and December 30, 2023, travel-related reimbursements and security-related costs were $2.0 million, $2.0 million and $1.8 million, respectively.

Administrative Services Agreement

Under the Administrative Services Agreement, Intel provides the Company with administrative and other services. The Company pays fees to Intel for the services rendered based on pricing per service agreed between the Company and Intel.

The initial term of the Administrative Services Agreement expires two years from the completion of the Mobileye IPO and extends automatically for successive three-month terms unless one of the parties elects not to renew. We have the right to terminate any of the services provided by Intel under the Administrative Services Agreement at any time upon thirty days prior written notice of termination to Intel, or if Intel fails to perform any of its material obligations under the Administrative Services Agreement and such failure continues for at least thirty days after receipt by Intel of written notice of such failure from Mobileye.

The costs incurred under this agreement for the years ended December 27, 2025, December 28, 2024 and December 30, 2023 were $2.2 million, $3.0 million and $3.5 million, respectively.

Technology and Services Agreement

The Technology and Services Agreement provides a framework for the collaboration on technology projects and services between the Company and Intel (“Technology Projects”), and sets out the licenses granted by each party to its respective technology for the conduct of the Technology Projects, provisions relating to the ownership of certain existing technology, the allocation of rights in any new technology created in the course of the Technology Projects, and certain provisions applicable to the development of a certain radar product of the Company. The Technology and Services Agreement does not apply to projects for the development and manufacture of a lidar sensor system for automobiles. Pursuant to the Technology and Services Agreement, the Company and Intel agree to statements of work with additional terms for Technology Projects.

The Technology and Services Agreement automatically renews for one-year renewal periods, unless the agreement is terminated for a party’s material breach, a party’s bankruptcy or insolvency, or advance notice of non-renewal is given. The amount incurred under this agreement for the years ended December 27, 2025, December 28, 2024 and December 30, 2023 were $2.3 million, $4.4 million and $5.0 million, respectively.

Tax Sharing Agreement

The Tax Sharing Agreement establishes the respective rights, responsibilities and obligations of the Company and Intel after the completion of the Mobileye IPO with respect to tax matters, including the amount of cash the Company will pay to Intel for its share of the tax liability owed on the consolidated filings in which the Company or any of the Company’s subsidiaries are included, including audit or other tax proceedings. According to the terms of the Tax Sharing Agreement, the Company and Intel will calculate and agree to estimated amounts owed quarterly but final amounts will also be calculated and paid upon consolidated tax return filings. Amounts payable under the Tax Sharing Agreement will be recorded in the same manner as other contractual obligations entered into by the Company. On August 14, 2024, Mobileye and Intel entered into an Amended and Restated Tax Sharing Agreement, which incorporated certain clarifying amendments into the original Tax Sharing Agreement. As a result of the Tax Deconsolidation, starting July 12, 2025, the computation of cash payable between the Company and Intel, under the Amended and Restated Tax Sharing Agreement, is no longer applicable with respect to U.S. federal and applicable state income taxes. However, other obligations of the parties under the Amended and Restated Tax Sharing Agreement remain in effect. As of December 27, 2025 and December 28, 2024, the related party payable to Intel, pursuant to the Tax Sharing Agreement, were zero and $3 million, respectively.

Intel sublicense

In June 2024, Intel and its affiliates, including Mobileye, were granted a sublicense to certain patents relating to network-on-chip and other technologies (the “Sublicense”). In connection with Mobileye’s use of the Sublicense, Intel and Mobileye agreed that Mobileye would pay to Intel $0.3 million as Mobileye’s allocation of the consideration paid by Intel for the Sublicense. Such amount was paid in 2024.

Share Repurchase

In connection with and conditional upon the closing of the Secondary Offering, on July 11, 2025 the Company purchased from Intel 6,231,985 shares of Class A common stock at a price of $16.04625 per share. The aggregate consideration paid by the Company for the Share Repurchase was $100 million and is subject to a nondeductible excise tax of 1% pursuant to the Inflation Reduction Act of 2022. Upon closing of the Share Repurchase, the Company cancelled and retired the 6,231,985 shares of Class A common stock acquired pursuant to the Share Repurchase. The excess of the repurchase price over par value was charged to additional paid in capital. For further detail refer to Note 1 General.

Acquisition of Mentee Robotics

On February 3, 2026, the Company and Mobileye Vision Technologies Ltd. (a wholly-owned indirect subsidiary of the Company) acquired 100% of the issued and outstanding stock of Mentee Robotics Ltd., a privately held Israeli company focused on humanoid robotics (“Mentee Robotics”, and such transaction, the “Acquisition”), pursuant to a share purchase agreement dated as of January 5, 2026 (the “Share Purchase Agreement”), by and among the Company, Mobileye Vision Technologies Ltd., Mentee Robotics Ltd., the shareholders of Mentee Robotics Ltd., and Shareholder Representative Services LLC, as the exclusive representative of the Mentee Robotics shareholders. Prof. Amnon Shashua, President and CEO of the Company, is the Chairman, Co-Founder and a significant shareholder of Mentee Robotics, and Prof. Shai Shalev-Shwartz, Chief Technology Officer of the Company, is Co-Founder and a significant shareholder of Mentee Robotics. In addition, Prof. Amnon Shashua’s son and son-in-law, are both employees of Mentee Robotics, and received consideration for their vested and unvested options pursuant to the terms of the Share Purchase Agreement. The Acquisition was approved by the Company’s Board of Directors (the “Board”), acting on the recommendation of a strategic transaction committee consisting of four disinterested directors (two of whom are independent). The Audit Committee of the Board also approved the Acquisition pursuant to the Company’s Related Persons Transaction Policy. For further detail, refer to Note 15 Subsequent Events.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

GENERAL (Details) - shares		12 Months Ended
GENERAL (Details) - shares	Feb. 03, 2026	Dec. 27, 2025	Dec. 28, 2024
Class A common stock
GENERAL
Number of shares outstanding		216,980,847	100,226,477
Intel \| Mobileye Global Inc
GENERAL
Ownership percentage of outstanding common stock		79.50%
Percentage of voting power of our common stock		97.30%
Intel \| Class A common stock
GENERAL
Number of shares outstanding		216,980,847
Intel \| Class A common stock \| Mobileye Global Inc
GENERAL
Number of shares outstanding		50,000,000
Subsequent Events
GENERAL
Percentage of employees who have been called to reserve duty in the Israel Defense Forces	3.30%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

INVESTMENTS - Debt Investments (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
INVESTMENTS
Money market funds	$ 1,016	$ 951
Amortized cost	1,071	984
Fair value	1,071	984
Cash and cash equivalents
INVESTMENTS
Fair value	1,016	951
Other current assets
INVESTMENTS
Fair value	55	33
U.S. government bonds
INVESTMENTS
Money market funds	55
Amortized cost		33
Fair value	55	33
U.S. government bonds \| Other current assets
INVESTMENTS
Fair value	55	33
Money market funds
INVESTMENTS
Money market funds	1,016	951
Money market funds \| Cash and cash equivalents
INVESTMENTS
Money market funds	$ 1,016	$ 951

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

GOODWILL (Details) - USD ($) $ in Millions	12 Months Ended
GOODWILL (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
GOODWILL
Goodwill, beginning balance	$ 8,200	$ 10,895
Goodwill impairment	0	(2,695)
Goodwill, ending balance	8,200	8,200
Accumulated goodwill impairment losses	2,695	2,695
Other
GOODWILL
Goodwill impairment		0
Mobileye \| Operating Segments
GOODWILL
Goodwill, beginning balance	8,089	10,784
Goodwill impairment		(2,695)
Goodwill, ending balance	8,089	8,089
Other
GOODWILL
Goodwill, beginning balance	111	111
Goodwill, ending balance	$ 111	$ 111

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

- Definition

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References + Details

IDENTIFIED INTANGIBLE ASSETS

12 Months Ended

Dec. 27, 2025

IDENTIFIED INTANGIBLE ASSETS

IDENTIFIED INTANGIBLE ASSETS

NOTE 11 - IDENTIFIED INTANGIBLE ASSETS


		As of
		December 27, 2025									December 28, 2024
		Gross			Accumulated						Gross			Accumulated
U.S. dollars in millions		Assets			Amortization			Net			Assets			Amortization			Net
Developed technology		$	3,705		$	2,761		$	944		$	3,705		$	2,384		$	1,321
Customer relationships & brands			777			555			222			786			498			288
Total		$	4,482		$	3,316		$	1,166		$	4,491		$	2,882		$	1,609

Amortization expenses recorded for developed technology and customer relationships and brands were recorded in cost of revenue and sales and marketing, respectively, in the consolidated statements of operations and comprehensive income (loss) for each year presented.

The following table presents the amortization expenses recorded for these identified intangible assets and their weighted average useful lives:


		Year ended
											Weighted Average
U.S. dollars in millions		December 27, 2025			December 28, 2024			December 30, 2023			Useful Life
Developed technology		$	377		$	376		$	406		10
Customer relationships & brands			66			68			68		12
Total amortization expenses		$	443		$	444		$	474

During the year ended December 27, 2025, the Company derecognized the cost and accumulated depreciation of fully depreciated intangible assets in the amount of $9 million.

During the third quarter of 2024, we performed an impairment assessment of intangible assets and concluded that the sum of the expected future undiscounted cash flows expected to be generated by the intangible assets is substantially above their carrying amount and therefore no impairment was identified. The Company did not record any impairment of intangible assets for any of the periods presented.

The Company expects future amortization expenses for the next five years and thereafter to be as follows:


U.S. dollars in millions		2026			2027			2028			2029			2030			Thereafter			Total
Future amortization expenses		$	333		$	179		$	176		$	131		$	97		$	250		$	1,166

SIGNIFICANT ACCOUNTING POLICIES - Change in accumulated other comprehensive income (loss) relating to gains (losses) on derivatives used for hedging (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
Other comprehensive income (loss) before reclassifications	$ 39	$ 2
Amounts reclassified out of accumulated other comprehensive (income) loss	23		$ (10)
Tax effects	1		1
Other comprehensive income (loss), net of tax	$ 15	$ 2	$ 9

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
Current assets
Cash and cash equivalents	$ 1,836	$ 1,426
Trade accounts receivable, net	131	212
Inventories	327	415
Other current assets	184	121
Total current assets	2,478	2,174
Non-current assets
Property and equipment, net	473	458
Intangible assets, net	1,166	1,609
Goodwill	8,200	8,200
Other long-term assets	175	138
Total non-current assets	10,014	10,405
TOTAL ASSETS	12,492	12,579
Current liabilities
Accounts payable and accrued expenses	228	190
Employee related accrued expenses	141	105
Related party payable	4	4
Other current liabilities	33	34
Total current liabilities	406	333
Non-current liabilities
Long-term employee benefits	78	62
Deferred tax liabilities	60	47
Other long-term liabilities	67	50
Total non-current liabilities	205	159
Contingencies (see Note 14)
TOTAL LIABILITIES	611	492
Equity
Additional paid-in capital	15,308	15,137
Accumulated other comprehensive income (loss), net of tax	17	2
Retained earnings (accumulated deficit)	(3,452)	(3,060)
TOTAL EQUITY	11,881	12,087
TOTAL LIABILITIES AND EQUITY	12,492	12,579
Class A common stock
Equity
Common stock	2	1
Class B common stock
Equity
Common stock	$ 6	$ 7

CONTINGENCIES

12 Months Ended

Dec. 27, 2025

CONTINGENCIES

CONTINGENCIES

NOTE 14 - CONTINGENCIES

U.S. Class Action

On January 16, 2024, a putative class action captioned McAuliffe v. Mobileye Global Inc., et al., 1:24-CV-00310 (S.D.N.Y.), was filed in the United States District Court for the Southern District of New York against Mobileye and certain of its current and former officers. Following consolidation of the action with a substantively identical case, Le v. Mobileye Global Inc., et al., 1:24 - CV - 01390 (S.D.N.Y.), and the appointment of a lead plaintiff, an amended complaint was filed on September 13, 2024. In response to the defendants’ motion to dismiss, filed on October 25, 2024, lead plaintiff filed a second amended complaint on November 22, 2024. The second amended complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 in connection with defendants’ alleged misstatements and omissions concerning the build-up of excess inventory by certain Tier 1 Mobileye customers, and seeks unspecified damages and other relief on behalf of all persons and entities who purchased or otherwise acquired Mobileye securities between January 26, 2023 and August 8, 2024. The second amended complaint also includes claims asserted by an additional plaintiff under Sections 11 and 15 of the Securities Act of 1933 on behalf of a putative class of purchasers of Mobileye Class A common stock offered in Mobileye’s June 5, 2023 secondary offering. Mobileye and the individual defendants filed a motion to dismiss the second amended complaint on December 20, 2024. On January 24, 2025, the lead plaintiff filed a brief in opposition to Mobileye’s and the other named defendants’ motion to dismiss. On February 21, 2025, Mobileye and the other named defendants jointly filed a brief in reply to the lead plaintiff’s opposition brief. On April 16, 2025, the Court granted the defendants’ motion and dismissed the second amended complaint in full without leave to amend, closing the case. On May 16, 2025, the lead plaintiff filed a notice of appeal with the U.S. Court of Appeals for the Second Circuit. On July 11, 2025, the lead plaintiff filed a brief in support of their appeal. On August 15, 2025, Mobileye and the named defendants filed their opposition brief, and on September 5, 2025, the appellants filed their reply brief in further support of the appeal. Oral argument was held on December 4, 2025. On December 16, 2025, the Second Circuit issued a summary order affirming the Court’s dismissal of the second amended complaint in full. The lead plaintiff has ninety days from the

date of the summary order to file a writ of certiorari with the U.S. Supreme Court. We intend to defend the matter vigorously. No provision was recorded in the consolidated financial statements as of December 27, 2025.

U.S. Derivative Action - U.S. District Court for the Southern District of New York

On April 12, 2024, a derivative lawsuit was filed against the members of the Mobileye Board of Directors and Intel Corporation, in its capacity as Mobileye’s controlling shareholder. Mobileye was also named as a nominal defendant. The complaint principally asserts claims for breach of fiduciary duty and unjust enrichment based on alleged failures to take steps to prevent the Company from making allegedly false and misleading statements concerning the build-up of excess inventory by certain Tier 1 Mobileye customers. The complaint also asserts a claim for violation of Section 14(a) of the Securities Exchange Act of 1934 based on alleged misstatements and omissions in Mobileye’s 2023 proxy statement. The complaint seeks unspecified damages and other relief. Since May 24, 2024, the derivative action has been stayed by the court pending resolution of the anticipated motion to dismiss in the consolidated securities action.

On June 27, 2024, an additional derivative lawsuit was filed in the United States District Court for the Southern District of New York against certain members of the Mobileye Board of Directors, certain of Mobileye’s current and former officers, and Intel Corporation, in its capacity as Mobileye’s controlling shareholder. Mobileye was also named as a nominal defendant. On July 9, 2024, this derivative action was consolidated with the derivative action originally filed on April 12, 2024 and the consolidated derivative action was stayed by the court pending resolution of the anticipated motion to dismiss in the consolidated securities action. Following dismissal of the consolidated securities action, the Court ordered the parties to jointly propose a schedule for further proceedings by April 24, 2025. On April 25, 2025, the Court entered a stipulation and order of voluntary dismissal without prejudice. In the event the plaintiffs refile this lawsuit, we intend to continue defending the matter vigorously. No provision was recorded in the consolidated financial statements as of December 27, 2025.

U.S. Derivative Action - State of Delaware

On May 6, 2025, a derivative lawsuit captioned Levitan et al. vs. Shashua et al. was filed in the State of Delaware’s Court of Chancery against certain current and former members of the Mobileye Board of Directors and against Intel Corporation, in its capacity as Mobileye’s controlling shareholder. Mobileye was also named as a nominal defendant. The complaint principally asserts claims for breach of fiduciary duty against the named director defendants and breach of fiduciary duty and unjust enrichment against Intel, alleging that the named director defendants and Intel should not have authorized Mobileye’s June 5, 2023 secondary offering given their purported knowledge of the alleged challenges facing the Company concerning customer demand and the buildup of excess inventory by Mobileye’s Tier 1 customers. The complaint seeks unspecified damages and other relief. On September 8, 2025, Mobileye, Intel Corporation and the named director defendants filed a motion to dismiss the complaint. Plaintiffs thereafter informed defendants that, rather than opposing the motion, they intended to file an amended complaint. The parties stipulated and the court ordered that the plaintiffs’ amended complaint was due on January 23, 2026. On January 28, 2026, the Court entered a stipulation and order of voluntary dismissal with prejudice. No provision was recorded in the consolidated financial statements as of December 27, 2025.

U.S. Patent Litigation

On January 26, 2024, Facet Technology Corp. (“Facet”) sued Mobileye in the U.S. District Court for the Eastern District of Texas for allegedly infringing two patents. Captioned Facet Technology Corp. v. Mobileye Global, Inc., the complaint alleges that certain Mobileye products directly and indirectly infringe both patents. The complaint seeks unspecified damages, a permanent injunction, and attorneys’ fees and costs. On November 4, 2024, Mobileye filed a motion to dismiss asserting improper venue, which the court dismissed without prejudice to refile in view of an amended complaint filed by Facet, adding Mobileye Vision Technologies Ltd. and Mobileye Inc., each wholly-owned indirect subsidiaries of Mobileye Global Inc., as additional defendants. On November 7, 2024, Mobileye Vision Technologies Ltd. and Mobileye Inc., sued Facet Technology Corp. in the U.S. District Court of Minnesota seeking a declaratory judgment that the Mobileye plaintiffs do not infringe either patent. On March 5, 2025, the Patent Trial and Appeal Board (“PTAB”) of the US Patent and Trademark Office instituted two Inter Parte Review (IPR) proceedings filed by Mobileye Vision Technologies Ltd. against the patents asserted by Facet. On March 15, 2025, the parties agreed and the relevant courts entered orders staying all litigation pending the outcome of the both IPRs. On January 23, 2026, the PTAB issued final written decisions in both IPRs, finding some claims unpatentable and permitting some claims to survive. For the claims asserted against Mobileye in district court, the PTAB ruled in Mobileye’s favor on all claims except a single claim of one patent. Both parties have until February 23, 2026 to request Director Review. If no request for Director Review is filed, the parties have until March 27, 2026 to file a notice of appeal with the Court of Appeals for the Federal Circuit. We intend to defend the matter vigorously. No provision was recorded in the consolidated financial statements as of December 27, 2025.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References

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+ Details

SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 27, 2025

SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company operates on a 52-week or 53-week fiscal year that ends on the last Saturday in December. Fiscal years 2025, 2024 and 2023 were 52-week fiscal years.

Use of estimates

Use of estimates

Functional currency

Functional currency

Investments

Investments

Debt Investments

Equity Investments

Cash, cash equivalents and restricted cash

The following is a reconciliation of the cash, cash equivalents and restricted cash for each period presented:


		As of
		December 27,			December 28,
U.S. dollars in millions		2025			2024
Cash		$	35		$	56
Short term deposits			785			419
Money market funds			1,016			951
Restricted cash (within other current and other long-term assets)			24			12
Cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows		$	1,860		$	1,438

Fair value measurement

Level 2: Observable prices that are based on inputs not quoted on active markets but are corroborated by market data or active market data for similar, but not identical assets or liabilities.

The carrying amounts of short term deposits classified as cash equivalents, trade accounts receivable and accounts payable approximates their fair value due to the short maturity of these items.

The Company’s derivative instruments designated as hedging instruments, are measured at fair value within Level 2 of the fair value hierarchy.

Inventories

Inventories

Property and equipment, net

Property and equipment, net

Property and equipment are stated at cost, less accumulated depreciation. Property and equipment are depreciated on a straight-line basis over their estimated useful lives.

The estimated useful lives per asset type are as follows:


		Years
Computers, electronic equipment and software		3 - 7 (Mainly 4)
Vehicles		7
Office furniture and equipment		14
Buildings		15 - 25 (Mainly 25)

Leasehold improvements are amortized on a straight-line basis over the shorter of the remaining lease term or estimated useful life of the improvements.

Assets in construction are not depreciated until they are available for their intended use.

Goodwill

Goodwill

Intangible assets, net

Intangible assets, net

The Company amortizes acquisition-related intangible assets that are subject to amortization over their estimated useful life.

Impairment of long-lived assets

Impairment of long-lived assets

Research and development, net

Research and development costs are expensed as incurred, and consist primarily of personnel, facilities, equipment, and supplies for research and development activities.

Derivatives and hedging

The notional amount and fair value of outstanding derivatives at the end of each period were:


	As of
	December 27,		December 28,
U.S. dollars in millions	2025		2024
Notional amount of derivatives contracts	$	303	$	214
Fair value of derivative assets	$	18	$	2

The change in accumulated other comprehensive income (loss) relating to gains (losses) on derivatives used for hedging was as follows:


		Year ended
		December 27,		December 28,		December 30,
U.S. dollars in millions		2025		2024		2023
Other comprehensive income (loss) before reclassifications		$	39	$	2	$	—
Amounts reclassified out of accumulated other comprehensive (income) loss *			(23)		—		10
Tax effects			(1)		—		(1)
Other comprehensive income (loss), net of tax		$	15	$	2	$	9

* Amounts of gains (losses) reclassified from other comprehensive income (loss) into profit or loss are recorded in cost of revenue and operating expenses.

Revenue recognition

Revenue recognition

Advertising expenses

Advertising expenses

Share-based compensation

Share-based compensation

Income Taxes

The provision for income tax consists of income taxes in the various jurisdictions where the Company is subject to taxation, primarily the United States and Israel.

For further details regarding income tax, see Note 8 Income Taxes.

Provision for warranties

Provision for warranties

Loss contingencies

Loss contingencies

Leases

Leases

Earnings (loss) per share

Earnings (loss) per share

Share repurchases

Share repurchases

Concentration of credit risk

Concentration of credit risk

Customer concentration risk

Dependence on a single supplier or limited suppliers risk

Supply chain risk

Supply chain risk

New Accounting pronouncements

Accounting pronouncements adopted in the period

Accounting Pronouncements effective in future periods

GENERAL - Secondary offering, share repurchase and conversion (Details) $ / shares in Units, $ in Millions				12 Months Ended
	Dec. 08, 2025 employee	Jul. 11, 2025 USD ($) $ / shares shares	Jul. 09, 2025 $ / shares shares	Dec. 27, 2025 USD ($) shares	Dec. 28, 2024 shares
GENERAL
Aggregate consideration for shares repurchase \| $				$ 100
Proceeds from issuance of shares in conversion \| $		$ 0
Company paid costs \| $		$ 1
Restructuring and Related Cost, Number of Positions Eliminated \| employee	200
Severance costs including one time termination benefits \| $				$ 7
Mobileye Global Inc \| Intel
GENERAL
Ownership Percentage				79.50%
Percentage of voting power of our common stock				97.30%
Class A common stock
GENERAL
Shares repurchased and retired during the period		6,231,985
Shares repurchase price \| $ / shares		$ 16.04625
Aggregate consideration for shares repurchase \| $		$ 100
Share repurchase, excise tax rate		1.00%
Common stock, shares outstanding				216,980,847	100,226,477
Class A common stock \| Intel
GENERAL
Common stock, shares outstanding				216,980,847
Class A common stock \| Mobileye Global Inc \| Intel
GENERAL
Common stock, shares outstanding				50,000,000
Class B common stock
GENERAL
Number of shares converted into Class A common stock		6,231,985
Additional shares converted		50,000,000
Common stock, shares outstanding				597,768,015	711,500,000
Class B common stock \| Mobileye Global Inc \| Intel
GENERAL
Percentage of voting power of our common stock				97.30%
Secondary Offering
GENERAL
Number of additional shares purchased			7,500,000
Secondary Offering \| Class A common stock
GENERAL
Number of shares issued in offering			50,000,000
Offering price per share \| $ / shares			$ 16.5
Term of option to exercise			30 days
Secondary Offering \| Class B common stock
GENERAL
Number of shares converted into Class A common stock		57,500,000	50,000,000
Over allotment option \| Class B common stock
GENERAL
Number of shares converted into Class A common stock		7,500,000

SUBSEQUENT EVENTS (Details) $ in Millions							1 Months Ended
SUBSEQUENT EVENTS (Details) $ in Millions	Feb. 03, 2026	Feb. 03, 2026 shares	Feb. 03, 2026 USD ($)	Feb. 03, 2026	Feb. 03, 2026 D	Feb. 03, 2026 director	Jan. 31, 2026 USD ($) shares	Jun. 28, 2025
SUBSEQUENT EVENTS
Service period								3 years
Subsequent Events \| RSUs
SUBSEQUENT EVENTS
Aggregate value of shares issuable upon vesting of restricted stock units							$ 15.0
Granted shares \| shares							1,299,000
Service period							3 years
Subsequent Events \| Mentee Robotics Ltd
SUBSEQUENT EVENTS
Percentage of equity interest acquired	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Disinterested directors				4		4
Independent directors \| director						2
Aggregate purchase price			$ 900.0
Payments to acquire businesses, gross			612.0
Number of shares issued \| shares		26,279,824
Business acquisition, percentage of equity consideration subject to lockup				10.00%
Business acquisition, lockup period	6 months
Business acquisition, percentage of stock consideration deposited with deferred consideration trustee				90.00%
Business acquisition, deferred stock release period first tranche in months	24 months
Business acquisition, deferred stock release period second tranche in months	48 months
Business acquisition, amount of consideration deposited with escrow agent			95.0
Business acquisition, percentage of pro rata portion of escrow deposited in equity instruments				50.00%
Percentage of unvested options cancelled and converted				20.00%
Business acquisition, share-based payment valuation, trading days \| D					30
Subsequent Events \| President \| Mentee Robotics Ltd
SUBSEQUENT EVENTS
Business acquisition, percentage of consideration received				37.83%
Business acquisition, amount of consideration received			341.0
Subsequent Events \| Chief Technology Officer \| Mentee Robotics Ltd
SUBSEQUENT EVENTS
Business acquisition, percentage of consideration received				13.07%
Business acquisition, amount of consideration received			$ 118.0

RELATED PARTY TRANSACTIONS (Details) $ / shares in Units, $ in Millions				1 Months Ended	12 Months Ended
	Feb. 03, 2026	Feb. 03, 2026 director	Jul. 11, 2025 USD ($) $ / shares shares	Jun. 29, 2024 USD ($)	Dec. 27, 2025 USD ($)	Dec. 28, 2024 USD ($)	Dec. 30, 2023 USD ($)
RELATED PARTIES TRANSACTIONS
Leasing costs					$ 2.6	$ 2.8	$ 4.4
Agreed to pay consideration for sublicense				$ 0.3
Aggregate consideration for shares repurchase					100.0
Intel
RELATED PARTIES TRANSACTIONS
Amount payable under tax sharing agreement					0.0	3.0
Class A common stock
RELATED PARTIES TRANSACTIONS
Shares repurchased and retired during the period \| shares			6,231,985
Shares repurchase price \| $ / shares			$ 16.04625
Aggregate consideration for shares repurchase			$ 100.0
Share repurchase, excise tax rate			1.00%
Mentee Robotics Ltd \| Subsequent Events
RELATED PARTIES TRANSACTIONS
Percentage of equity interest acquired	100.00%	100.00%
Disinterested directors	4	4
Independent directors \| director		2
Stock Compensation Recharge Agreement \| Intel
RELATED PARTIES TRANSACTIONS
Adjustment to additional paid-in capital for reimbursement amount					9.0	62.0	100.0
Other services to a related party \| Chief Executive Officer
RELATED PARTIES TRANSACTIONS
Costs incurred					2.0	2.0	1.8
Administrative Services Agreement \| Intel
RELATED PARTIES TRANSACTIONS
Costs incurred					2.2	3.0	3.5
Technology and Services Agreement \| Intel
RELATED PARTIES TRANSACTIONS
Costs incurred					$ 2.3	$ 4.4	$ 5.0

SEGMENT INFORMATION (Details) - segment	12 Months Ended
SEGMENT INFORMATION (Details) - segment	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
SEGMENT INFORMATION
Number of operating segments	2
Number of reportable segments	2
Percentage of revenue from majority customers	91.00%	86.00%	89.00%

INVESTMENTS (Tables)

12 Months Ended

Dec. 27, 2025

INVESTMENTS

Schedule of marketable debt securities


U.S. dollars in millions		December 27, 2025
														Reported as
		Amortized cost			Unrealized gain			Unrealized loss			Fair value			Cash and cash equivalents			Other current assets
U.S. government bonds		$	55		$	—		$	—		$	55		$	—		$	55
Money market funds			1,016			—			—			1,016			1,016			—
Total		$	1,071		$	—		$	—		$	1,071		$	1,016		$	55


U.S. dollars in millions		December 28, 2024
														Reported as
		Amortized cost			Unrealized gain			Unrealized loss			Fair value			Cash and cash equivalents			Other current assets
U.S. government bonds		$	33		$	—		$	—		$	33		$	—		$	33
Money market funds			951			—			—			951			951			—
Total		$	984		$	—		$	—		$	984		$	951		$	33

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

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+ Details

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (392)	$ (3,090)	$ (27)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

LEASES - Schedule of operating leases presented on the consolidated balance sheets in other long-term assets, other current liabilities and long-term liabilities (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
LEASES
Operating lease right-of-use assets	$ 50	$ 47
Operating lease, Right-of-Use Asset, Statement of financial position [Extensible Enumeration]	Other long-term assets	Other long-term assets
Operating lease liabilities:
Current portion of lease liabilities	$ 18	$ 13
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current	Other Liabilities, Current
Long-term lease liabilities	$ 44	$ 37
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total operating lease liabilities	$ 62	$ 50
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	us-gaap:OtherLiabilities	us-gaap:OtherLiabilities

IDENTIFIED INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 27, 2025

IDENTIFIED INTANGIBLE ASSETS

Schedule of components of identified intangible assets


		As of
		December 27, 2025									December 28, 2024
		Gross			Accumulated						Gross			Accumulated
U.S. dollars in millions		Assets			Amortization			Net			Assets			Amortization			Net
Developed technology		$	3,705		$	2,761		$	944		$	3,705		$	2,384		$	1,321
Customer relationships & brands			777			555			222			786			498			288
Total		$	4,482		$	3,316		$	1,166		$	4,491		$	2,882		$	1,609

Schedule of amortization expenses recorded for these identified intangible assets and their weighted average useful lives


		Year ended
											Weighted Average
U.S. dollars in millions		December 27, 2025			December 28, 2024			December 30, 2023			Useful Life
Developed technology		$	377		$	376		$	406		10
Customer relationships & brands			66			68			68		12
Total amortization expenses		$	443		$	444		$	474

Schedule of expects future amortization expenses for the next five years


U.S. dollars in millions		2026			2027			2028			2029			2030			Thereafter			Total
Future amortization expenses		$	333		$	179		$	176		$	131		$	97		$	250		$	1,166

SEGMENT INFORMATION - Revenue from major customers (Details) - Revenue - Customer Concentration	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Customer A
SEGMENT INFORMATION
Concentration risk percentage	30.00%	27.00%	30.00%
Customer B
SEGMENT INFORMATION
Concentration risk percentage	17.00%	20.00%	24.00%
Customer C
SEGMENT INFORMATION
Concentration risk percentage	15.00%	14.00%	14.00%
Customer D
SEGMENT INFORMATION
Concentration risk percentage	14.00%
Customer E
SEGMENT INFORMATION
Concentration risk percentage		13.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

+ References + Details

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
Goodwill impairment	$ 0	$ 2,695
Interest income related to money market funds	41	47	$ 46
Research and development reimbursements	94	91	89
Advertising expenses	$ 3	$ 3	$ 4
Minimum
SIGNIFICANT ACCOUNTING POLICIES
Trade accounts receivable term	30 days
Maximum
SIGNIFICANT ACCOUNTING POLICIES
Trade accounts receivable term	60 days

- Definition

+ References + Details

EQUITY - Share-based compensation plans (Details) - USD ($) shares in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Jun. 28, 2025	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
EQUITY
Service period	3 years
Chief Executive Officer \| RSUs \| Mobileye Plan
EQUITY
Service period		5 years
Value of awards granted		$ 15	$ 14	$ 14
Number of awards granted		0.9	0.5	0.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

INCOME TAXES - Deferred income taxes (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023	Dec. 31, 2022
Deferred tax assets:
Share-based compensation	$ 90	$ 119
Provisions for employee benefits	28	12
Net operating losses carryforward	96	147
Research and development expenses	795	631
Operating lease liabilities	15	11
Intangible assets	229	202
Other	2	11
Gross deferred tax assets	1,255	1,133
Valuation allowance	(955)	(1,007)	$ (579)	$ (533)
Total deferred tax assets	300	126
Deferred tax liabilities:
Intangible assets	(71)	(99)
Unrealized gains on derivatives	(5)	(1)
Goodwill	(232)	(63)
Right of use assets	(12)	(10)
Other	(12)
Total deferred tax liabilities	(332)	(173)
Net deferred tax liabilities	$ (32)	$ (47)

INCOME TAXES

12 Months Ended

Dec. 27, 2025

INCOME TAXES

INCOME TAXES

NOTE 8 - INCOME TAXES

Income (Loss) before income taxes included in the consolidated statements of operations and comprehensive income (loss)

Income (loss) before income taxes for the years ended December 27, 2025, December 28, 2024, and December 30, 2023 was comprised of the following:


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Income (loss) before taxes:
U.S		$	(11)		$	(11)		$	(13)
Non-U.S			(366)			(3,152)			29
Total income (loss) before income taxes		$	(377)		$	(3,163)		$	16

Benefit (provision) for income taxes included in the consolidated statements of operations and comprehensive income (loss)

Benefit (provision) for income taxes for the years ended December 27, 2025, December 28, 2024, and December 30, 2023 was comprised of the following:


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Current income taxes:
State		$	—		$	—		$	—
Federal			—			—			—
Foreign			(30)			(28)			(58)
Total current benefit (provision) for income taxes			(30)			(28)			(58)
Deferred income taxes:
State			—			1			—
Federal			(28)			53			(28)
Foreign			43			47			43
Total deferred benefit (provision) for income taxes			15			101			15
Total benefit (provision) for income taxes		$	(15)		$	73		$	(43)

Effective income tax rate reconciliation

The difference between the tax provision at the statutory federal income tax rate and the benefit (provision) for income taxes in dollars and as a percentage of income (loss) before income taxes (effective tax rate) for each year is as follows. The disclosure reflects the implementation of ASU 2023-09 retrospectively.


		Year ended
		December 27,					December 28,					December 30,
		2025					2024					2023
		$			%		$			%		$			%
Income (loss) before income taxes		$	(377)		—		$	(3,163)		—		$	16		—

U.S. Federal Statutory Tax Rate			79		21.0	%		664		21.0	%		(3)		21.0	%
Foreign Tax Effects
Israel
Foreign Rate Differential			7		1.9	%		63		2.0	%		(1)		2.7	%
Technology Incentives			(58)		(15.4)	%		(96)		(3.0)	%		18		(107.2)	%
Changes in Valuation Allowances			(7)		(1.9)	%		(6)		(0.3)	%		(16)		98.2	%
Goodwill impairment			—		—	%		(596)		(18.8)	%		—		—	%
Other			2		0.6	%		1		—	%		(2)		14.9	%
Other Foreign Jurisdictions			—		—	%		(1)		—	%		1		(3.5)	%
Effect of Cross-Border Tax Laws
U.S. Branch Taxation of Foreign Operations			(87)		(23.1)	%		474		15.0	%		(1)		9.2	%
GILTI			(1)		(0.3)	%		—		—	%		(1)		3.0	%
Changes in valuation allowances			59		15.7	%		(422)		(13.3)	%		(30)		179.7	%
Non-taxable or Non-deductible items			(1)		(0.3)	%		(2)		(0.1)	%		(1)		8.2	%
Changes in Unrecognized Tax Benefits			(7)		(1.9)	%		(6)		(0.2)	%		(7)		42.1	%
Other Adjustments			(1)		(0.3)	%		—		—	%		—		0.3	%

Benefit (provision) for income taxes and effective tax rate		$	(15)		(4.0)	%	$	73		2.3	%	$	(43)		268.6	%

Income taxes paid, net of refunds received (Cash Taxes), for the years ended December 27, 2025, December 28, 2024, and December 30, 2023 were as follows:


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Federal		$	—		$	—		$	—
State			—			—			—
Foreign			—			—			—
Israel			10			19			61
Other Foreign Jurisdictions			1			2			3
Total Cash Taxes		$	11		$	21		$	64

In the fiscal years ended 2025, 2024 and 2023, certain Israeli operations are taxable in the U.S. as branch activities due to restructuring activities prior to the Mobileye IPO. As a result, these operations are taxed both in the U.S. and locally in Israel. For U.S. tax purposes, due to cumulative losses, deferred tax assets have not been benefited as a result of the valuation allowance which results in a residual tax provision associated with a deferred tax liability recorded for goodwill. Such deferred tax liability was reduced in 2024 due to the goodwill impairment recorded for the Mobileye reporting unit, resulting in a tax benefit recorded in 2024.

The decrease in the effective tax rate for the year ended December 27, 2025, as compared to the year ended December 28, 2024, is mainly due to the deferred tax effects of goodwill impairment to the Mobileye reporting unit recorded in 2024.

In Israel, the Company benefits from a reduced tax rate under the Special Preferred Technological Enterprise status under the Law for the Encouragement of Capital Investments, 1959, or the Investment Law.

Under the Investment Law, income derived by Preferred Companies from ‘Special Preferred Technological Enterprises’ (as defined in the 2017 Amendment), would be subject to 6% tax rate on income deriving from intellectual property, subject to a number of conditions being fulfilled, including a minimal amount or ratio of annual research and development expenditures and research and development employees, as well as having at least 25% of annual income derived from exports. Special Preferred Technological Enterprise is defined as an enterprise which meets the aforementioned conditions and for which total consolidated revenue of its parent company and all subsidiaries are more than ILS 10 billion.

Deferred income taxes

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and increase in unbenefited U.S. deferred tax assets subject to a valuation allowance.

Due to the fact that certain Israeli operations were taxable in the U.S. as branch activities, the Company recognized in the years ended December 27, 2025 and December 28, 2024 the tax effects of temporary differences between the carrying amount of assets and

liabilities for financial reporting purposes and the amounts used for U.S. income tax purposes which resulted in a net deferred tax liability after evaluation of deferred tax assets for realizability.

Significant components of the Company’s deferred tax assets and deferred tax liabilities were as follows:


		December 27,			December 28,
U.S. dollars in millions		2025			2024
Deferred tax assets:
Share-based compensation		$	90		$	119
Provisions for employee benefits			28			12
Net operating losses carryforward			96			147
Research and development expenses			795			631
Operating lease liabilities			15			11
Intangible assets			229			202
Other			2			11
Gross deferred tax assets			1,255			1,133
Valuation allowance			(955)			(1,007)
Total deferred tax assets			300			126
Deferred tax liabilities:
Intangible assets			(71)			(99)
Unrealized gains on derivatives			(5)			(1)
Goodwill			(232)			(63)
Right of use assets			(12)			(10)
Other			(12)			—
Total deferred tax liabilities			(332)			(173)
Net deferred tax liabilities		$	(32)		$	(47)

Changes in valuation allowance for deferred tax assets were as follows:


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Valuation allowance at beginning of year		$	1,007		$	579		$	533
Change in valuation allowance			(52)			428			46
Valuation allowance at end of year		$	955		$	1,007		$	579

Realization of deferred tax assets is based on the Company’s judgment and various factors including reversal of deferred tax liabilities, the ability to generate future taxable income in jurisdictions where such assets have arisen, and potential tax planning strategies. A valuation allowance is recorded in order to reduce the deferred tax assets to the amount expected to be realized in the future. The valuation allowance for the years presented are primarily related to U.S. branch deferred tax assets not currently expected to be realized given that the Company has sustained recent losses.

Prior to the Tax Deconsolidation, the income tax benefit (provision) included in these consolidated financial statements had been calculated using the separate return method, as if the Company had filed its own tax returns. Following the Tax Deconsolidation, Mobileye is a standalone taxpayer from a U.S. federal and applicable state income tax perspective for the period starting July 12, 2025. As such, the Company now calculates and report its U.S. federal and applicable state income tax liabilities as a standalone taxpayer. Additionally, the Tax Deconsolidation resulted in an adjustment to the Company’s deferred income tax assets and liabilities, primarily with respect to its net operating losses, reflecting attributes that the Company will not retain as a result of its status as a standalone taxpayer. Most of the net operating losses were utilized by the Company’s Parent on its historic income tax returns. These deferred adjustments are offset with a change in deferred tax asset valuation allowance.

As of December 27, 2025, the Company has U.S. net operating loss carryforwards of $192 million which have an indefinite carry-forward period. $141 million of these U.S. net operating loss carryforwards are subject to separate return limitation year rules as they were generated before the Company joined its Parent’s consolidated income tax return on July 17, 2021. These net operating loss

carryforwards have been reflected in these consolidated financial statements and the Company will recognize a benefit for these net operating losses when determined to be realizable. As of December 27, 2025, the Company has removed all the historical separate return method hypothetical net operating loss carryforwards that were generated after joining its Parent’s consolidated income tax filing group. These net operating losses generated by the Company have been fully utilized as part of the Parent consolidated income tax return filings in the periods prior to the Tax Deconsolidation.

The Company has a non-U.S. net operating loss carryforward of $242 million as of December 27, 2025. This net operating loss carryforward amount relates primarily to operations in Israel and has an indefinite carry-forward period.

The Company intends to indefinitely reinvest undistributed foreign earnings into foreign operations and expects future U.S. cash generated to be sufficient to meet future U.S. cash needs. Therefore, the Company has not provided for deferred income taxes on undistributed foreign earnings. In making this determination, the Company evaluates both near-term and long-term fiscal needs of its U.S. domestic operations and its foreign subsidiaries. The estimation of the unrecognized deferred tax liability on undistributed foreign earnings is not practicable for the consolidated balance sheets dates presented.

Uncertain tax positions

A reconciliation of the beginning and ending amount of unrecognized tax benefits related to uncertain tax positions was as follows:


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Balance at the beginning of the year		$	13		$	7		$	—
Changes in balances related to tax positions taken during current period			7			6			7
Foreign currency adjustments			2			—			—
Balance at the end of the year		$	22		$	13		$	7

If the remaining balance of unrecognized tax benefits were recognized in a future period, it would result in a tax benefit of $22 million as of December 27, 2025. The balance of uncertain tax positions, which also includes accrued penalties and interest, is included in other long-term liabilities on the consolidated balance sheets.

The Company files income tax returns in the U.S., Israel, and in other certain foreign jurisdictions. The Company is no longer subject to U.S. and Israeli tax examinations for year prior to 2021 and 2020, respectively.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
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-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

LEASES - Additional information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
LEASES
Operating lease term	5 years
Operating lease option to extend	true
Operating lease expense	$ 18	$ 16	$ 19
Operating lease right-of-use assets	$ 50	$ 47
Weighted average remaining lease term	4 years 21 days	4 years 3 months 21 days
Weighted average discount rate	5.01%	4.94%
Operating cash outflows from operating leases	$ 18	$ 16	16
Right-of-use assets recognized in exchange for lease obligations	19	13	$ 8
Leased land
LEASES
Operating lease right-of-use assets	$ 11	$ 11
Minimum
LEASES
Operating lease term	3 years
Maximum
LEASES
Operating lease term	8 years

INVESTMENTS - Equity Investments (Details) - USD ($) $ in Millions		1 Months Ended		12 Months Ended
	Feb. 28, 2026	Jul. 31, 2025	Oct. 31, 2024	Dec. 27, 2025	Dec. 28, 2024	Jun. 29, 2024
Investments.
Fair value of equity investments						$ 10.0
Unrealized gains recorded in other financial income (expense)					$ 3.0
Maturities and sales of debt and equity investments				$ 94.0	23.0
Preferred Stock
Investments.
Maturities and sales of debt and equity investments		$ 10.3
Debt and equity securities, realized gain (loss)				$ 0.3
Non-marketable equity securities purchased of preferred stock			$ 10.0
Preferred Stock \| Subsequent Events
Investments.
Maturities and sales of debt and equity investments	$ 0.2
Preferred Stock \| Maximum
Investments.
Non-marketable equity securities investment agreed to purchase					$ 25.0

SEGMENT INFORMATION

12 Months Ended

Dec. 27, 2025

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 12 - SEGMENT INFORMATION

An operating segment is defined as a component of an enterprise for which discrete financial information is available and is reviewed regularly by the Chief Operating Decision Maker (“CODM”), or decision-making group, to evaluate performance and make operating decisions. The Company has identified its CODM as the Chief Executive Officer (“CEO”).

The Company’s organizational structure and management reporting supports two operating segments: Mobileye and Moovit. The CODM evaluates performance, makes operating decisions and allocates resources based on the financial data of these operating segments. Operating segments do not record inter-segment revenue. Mobileye is presented as a reportable operating segment and Moovit, which is a mobility-as-a-service company, is presented within “Other” as per ASC 280, Segment Reporting.

The CODM uses segment performance to allocate resources to segments in the annual budget and forecasting process and also uses that measure to assess the segment performance.

Segment performance is the operating income (loss) reported excluding the amortization of acquisition-related intangible assets, share-based compensation expense and impairment of goodwill. Starting in 2025, the measure of segment performance used by the CODM changed and as a result, the Company’s segment performance measure was updated to also exclude share-based compensation expenses (that were previously included in segment performance). The change aligns with segment information that is now regularly provided to the CODM and reflects how the CODM assesses segment performance and makes strategic decisions about the business. Prior period amounts have been recast as a result of the change in segment measure.

The measure of assets has not been disclosed for each segment as it is not regularly provided to the CODM.

The accounting policies of the individual segments are the same as those described in Note 2 Significant Accounting Policies.

The following are segment results for each year:


		Year ended December 27, 2025
U.S. dollars in millions		Mobileye			Other			Total
Revenues		$	1,855		$	39		$	1,894
Cost of revenues			604			7			—
Research and development, net			883			29			—
Sales and marketing			31			10			—
General and administrative			46			4			—
Segment performance		$	291		$	(11)		$	280
Amortization of intangible assets									(443)
Share-based compensation									(277)
Financial income (expense), net									63
Income (loss) before taxes on income								$	(377)

Depreciation of property and equipment		$	74		$	—		$	74


		Year ended December 28, 2024
U.S. dollars in millions		Mobileye			Other			Total
Revenues		$	1,613		$	41		$	1,654
Cost of revenues			529			6			—
Research and development, net			810			29			—
Sales and marketing			31			13			—
General and administrative			40			3			—
Segment performance		$	203		$	(10)		$	193
Amortization of intangible assets									(444)
Share-based compensation									(279)
Goodwill impairment									(2,695)
Financial income (expense), net									62
Income (loss) before taxes on income								$	(3,163)

Depreciation of property and equipment		$	62		$	—		$	62


		Year ended December 30, 2023
U.S. dollars in millions		Mobileye			Other			Total
Revenues		$	2,045		$	34		$	2,079
Cost of revenues			619			5			—
Research and development, net			645			32			—
Sales and marketing			33			10			—
General and administrative			38			4			—
Segment performance		$	710		$	(17)		$	693
Amortization of intangible assets									(474)
Share-based compensation									(252)
Financial income (expense), net									49
Income (loss) before taxes on income								$	16

Depreciation of property and equipment		$	39		$	—		$	39

Total revenues based on the country that the product was shipped to were as follows:


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
China		$	428		$	424		$	640
USA			416			304			437
Germany			297			269			353
South Korea			192			219			164
United Kingdom			117			117			150
Poland			110			82			97
Slovakia			88			21			6
Hungary			85			76			94
Czech Republic			59			55			50
Thailand			30			9			2
Rest of World			72			78			86
Total		$	1,894		$	1,654		$	2,079

We generate the majority of our revenue from the sale of our EyeQ™ SoCs to OEMs primarily through sales to Tier 1 automotive suppliers. EyeQ™ SoC sales represented approximately 91%, 86%, and 89% of our revenue for each of the years ended December 27, 2025, December 28, 2024 and December 30, 2023, respectively.

Major Customers

Revenue from major customers that amount to 10% or more of total revenue:


		Year ended
		December 27,		December 28,		December 30,
		2025		2024		2023
Percent of total revenues
Customer A		30	%	27	%	30	%
Customer B		17	%	20	%	24	%
Customer C		15	%	14	%	14	%
Customer D		14	%	*		*
Customer E		*		13	%	*

*Less than 10%

Accounts receivable balances of major customers that amount to 10% or more of total accounts receivable balance:


	As of
	December 27,		December 28,
	2025		2024
Percent of total accounts receivables balance
Customer A	39	%	35	%
Customer B	*		23	%
Customer C	14	%	13	%
Customer D	13	%	*

*Less than 10%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
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-Section 50
-Paragraph 21
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+ Details

EMPLOYEE BENEFITS (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
EMPLOYEE BENEFITS
Severance pay liability	$ 78	$ 62
Severance pay funds included in other long-term assets	$ 69	$ 52
Monthly deposits (in percent)	8.33%

CONTINGENCIES (Details)	Jan. 23, 2026 patent	Mar. 05, 2025 lawsuit	Jan. 26, 2024 patent
CONTINGENCIES
Number of patents allegedly infringed			2
Number of proceedings filed \| lawsuit		2
Subsequent Events
CONTINGENCIES
Number of patents found infringed	1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

INCOME TAXES (Tables)

12 Months Ended

Dec. 27, 2025

INCOME TAXES

Summary of loss before income taxes


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Income (loss) before taxes:
U.S		$	(11)		$	(11)		$	(13)
Non-U.S			(366)			(3,152)			29
Total income (loss) before income taxes		$	(377)		$	(3,163)		$	16

Summary of benefit (provision) for income taxes


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Current income taxes:
State		$	—		$	—		$	—
Federal			—			—			—
Foreign			(30)			(28)			(58)
Total current benefit (provision) for income taxes			(30)			(28)			(58)
Deferred income taxes:
State			—			1			—
Federal			(28)			53			(28)
Foreign			43			47			43
Total deferred benefit (provision) for income taxes			15			101			15
Total benefit (provision) for income taxes		$	(15)		$	73		$	(43)

Summary of income taxes reconciliation


		Year ended
		December 27,					December 28,					December 30,
		2025					2024					2023
		$			%		$			%		$			%
Income (loss) before income taxes		$	(377)		—		$	(3,163)		—		$	16		—

U.S. Federal Statutory Tax Rate			79		21.0	%		664		21.0	%		(3)		21.0	%
Foreign Tax Effects
Israel
Foreign Rate Differential			7		1.9	%		63		2.0	%		(1)		2.7	%
Technology Incentives			(58)		(15.4)	%		(96)		(3.0)	%		18		(107.2)	%
Changes in Valuation Allowances			(7)		(1.9)	%		(6)		(0.3)	%		(16)		98.2	%
Goodwill impairment			—		—	%		(596)		(18.8)	%		—		—	%
Other			2		0.6	%		1		—	%		(2)		14.9	%
Other Foreign Jurisdictions			—		—	%		(1)		—	%		1		(3.5)	%
Effect of Cross-Border Tax Laws
U.S. Branch Taxation of Foreign Operations			(87)		(23.1)	%		474		15.0	%		(1)		9.2	%
GILTI			(1)		(0.3)	%		—		—	%		(1)		3.0	%
Changes in valuation allowances			59		15.7	%		(422)		(13.3)	%		(30)		179.7	%
Non-taxable or Non-deductible items			(1)		(0.3)	%		(2)		(0.1)	%		(1)		8.2	%
Changes in Unrecognized Tax Benefits			(7)		(1.9)	%		(6)		(0.2)	%		(7)		42.1	%
Other Adjustments			(1)		(0.3)	%		—		—	%		—		0.3	%

Benefit (provision) for income taxes and effective tax rate		$	(15)		(4.0)	%	$	73		2.3	%	$	(43)		268.6	%

Summary of components of income tax expense


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Federal		$	—		$	—		$	—
State			—			—			—
Foreign			—			—			—
Israel			10			19			61
Other Foreign Jurisdictions			1			2			3
Total Cash Taxes		$	11		$	21		$	64

Summary of significant components of the Company's deferred tax assets and deferred tax liabilities


		December 27,			December 28,
U.S. dollars in millions		2025			2024
Deferred tax assets:
Share-based compensation		$	90		$	119
Provisions for employee benefits			28			12
Net operating losses carryforward			96			147
Research and development expenses			795			631
Operating lease liabilities			15			11
Intangible assets			229			202
Other			2			11
Gross deferred tax assets			1,255			1,133
Valuation allowance			(955)			(1,007)
Total deferred tax assets			300			126
Deferred tax liabilities:
Intangible assets			(71)			(99)
Unrealized gains on derivatives			(5)			(1)
Goodwill			(232)			(63)
Right of use assets			(12)			(10)
Other			(12)			—
Total deferred tax liabilities			(332)			(173)
Net deferred tax liabilities		$	(32)		$	(47)

Summary of changes in valuation allowance for deferred tax assets


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Valuation allowance at beginning of year		$	1,007		$	579		$	533
Change in valuation allowance			(52)			428			46
Valuation allowance at end of year		$	955		$	1,007		$	579

Summary of reconciliation of the beginning and ending amount of unrecognized tax benefits related to uncertain tax positions


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Balance at the beginning of the year		$	13		$	7		$	—
Changes in balances related to tax positions taken during current period			7			6			7
Foreign currency adjustments			2			—			—
Balance at the end of the year		$	22		$	13		$	7

SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of cash, cash equivalents and restricted cash (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023	Dec. 31, 2022
SIGNIFICANT ACCOUNTING POLICIES
Cash	$ 35	$ 56
Short term deposits	785	419
Money market funds	1,016	951
Restricted cash (within other current and other long-term assets)	24	12
Cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows	$ 1,860	$ 1,438	$ 1,226	$ 1,035
Restricted Cash, Statement of Financial Position [Extensible Enumeration]	Other current assets, Other long-term assets	Other current assets, Other long-term assets

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

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+ Details

GENERAL

12 Months Ended

Dec. 27, 2025

GENERAL

GENERAL

NOTE 1 - GENERAL

Background

Mobileye Global Inc. (“Mobileye”, “the Company” or “we”) is a leader in the development and deployment of advanced driver assistance systems (“ADAS”) and autonomous driving technologies and solutions, aimed to provide the capabilities required for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies.

Mobileye operates as a subsidiary of Intel Corporation (“Intel” or the “Parent”), which acquired a majority stake in Mobileye in August 2017 (the “Mobileye Acquisition”). The remaining issued and outstanding shares of Mobileye were acquired by Intel in 2018.

Intel directly or indirectly holds all of the Class B common stock of Mobileye as well as 50,000,000 shares of Class A common stock, which as of December 27, 2025, together represent approximately 79.5% of our outstanding common stock and 97.3% of the voting power of our common stock. Mobileye’s Class A common stock has been traded on the Nasdaq Global Select Market since October 26, 2022 under the ticker symbol “MBLY”.

Secondary Offering, Share Repurchase and Conversion

On July 9, 2025, the Company announced the pricing of a public secondary offering of 50,000,000 shares of Class A common stock (which shares were received upon the conversion of 50,000,000 shares of Class B common stock into Class A common stock) by Intel at a public offering price of $16.50 per share (the “Secondary Offering”), with Intel granting the underwriters a 30-day option to purchase up to an additional 7,500,000 shares of Class A common stock (the “Option”). The Secondary Offering closed on July 11, 2025.

In connection with and conditional upon the closing of the Secondary Offering, on July 11, 2025 the Company purchased from Intel 6,231,985 shares of Class A common stock (which shares were received upon the conversion of 6,231,985 shares of Class B common stock into Class A common stock) at a price of $16.04625 per share, which is equal to the per share purchase price paid by the underwriters in the Secondary Offering pursuant to a share repurchase agreement with Intel (the “Share Repurchase”). The aggregate consideration paid by the Company for the Share Repurchase was $100 million and is subject to a nondeductible excise tax of 1% pursuant to the Inflation Reduction Act of 2022. Upon closing of the Share Repurchase, the Company cancelled and retired the 6,231,985 shares of Class A common stock acquired pursuant to the Share Repurchase. The excess of the repurchase price over par value was charged to additional paid in capital.

Following the closing of the Share Repurchase, the underwriters exercised the Option (which shares were received upon the conversion of 7,500,000 shares of Class B common stock into Class A common stock), which closed on July 11, 2025. The Company did not sell any shares of Class A common stock in the Secondary Offering or in respect of the exercise of the Option and did not receive any proceeds from the sale of shares offered by Intel.

In addition to and conditional upon the closing of the Secondary Offering, Intel voluntarily converted pursuant to the Company’s Amended and Restated Certificate of Incorporation an additional 50,000,000 shares of Class B common stock to Class A common stock (the “Conversion”). The shares issued to Intel pursuant to the Conversion were issued pursuant to an exemption from registration pursuant to Section 3(a)(9) of the U.S. Securities Act of 1933. The Company received no proceeds from issuance of shares in the Conversion.

The Company paid the costs, which were approximately $1 million, associated with the registration of shares in connection with the Secondary Offering and Option, other than underwriting discounts, fees and commissions.

Upon completion of the Secondary Offering, Share Repurchase, Option and Conversion and as of December 27, 2025, Intel continues to directly or indirectly hold all of the Class B common stock of Mobileye as well as 50,000,000 shares of Class A common stock, which together represent approximately 79.5% of our outstanding common stock and 97.3% of the voting power of our common stock.

As a result of the Secondary Offering, Share Repurchase, Option and Conversion, the Company has concluded that from a U.S. income tax perspective, Intel no longer holds a sufficient percentage of the Company’s issued and outstanding common stock, which resulted in the deconsolidation of the Company from Intel’s U.S. domestic income tax return on July 11, 2025 (the “Tax Deconsolidation”). Following the Tax Deconsolidation, the Company is no longer included in Intel’s U.S. domestic consolidated income tax return and will be filing its own U.S. corporate income tax returns for periods beginning July 12, 2025.

Operations in Israel

On October 7, 2023, Hamas launched a series of attacks on civilian and military targets in Southern Israel and Central Israel, to which the Israel Defense Forces responded. In addition, both Hezbollah and the Houthi movement attacked military and civilian targets in Israel, to which Israel responded, including through increased air and ground operations in Lebanon. In addition, the Houthi movement attacked international shipping lanes in the Red Sea, to which both Israel and the United States responded. Further, on April 13, 2024 and October 1, 2024, Iran launched a series of drone and missile strikes against Israel, to which Israel responded. Most recently, on June 13, 2025 Israel launched a preemptive attack on Iran to which Iran responded with ballistic missile and drone attacks. On June 23, 2025, Israel and Iran agreed to a ceasefire, although there is no assurance that the ceasefire will continue. On October 9, 2025, Israel, Hamas, the United States and other countries in the region agreed to a framework for a ceasefire in Gaza between Israel and Hamas. How long and how severe the current conflicts in Gaza, Northern Israel, Lebanon, Iran or the broader region last and become is unknown at this time and any continued clash among Israel, Hamas, Hezbollah, Iran or other countries or militant groups in the region may escalate in the future into a greater regional conflict. To date, our operations have not been materially affected, although as of February 3, 2026 approximately 3.3% of our employees have been called to reserve duty in the Israel Defense Forces. However, any hostilities involving Israel, regional geopolitical instability or the interruption or curtailment of trade or diplomatic relations between Israel and its trading partners as a result thereof could adversely affect our business, results of operations, and financial condition.

Other events during the current reporting period

On December 8, 2025, the Company implemented a workforce reduction affecting approximately 200 employees, primarily in Israel. The related costs were in the amount of approximately $7 million, which was recorded as an expense in the year ended December 27, 2025.

OTHER FINANCIAL STATEMENT DETAILS

12 Months Ended

Dec. 27, 2025

OTHER FINANCIAL STATEMENT DETAILS

OTHER FINANCIAL STATEMENT DETAILS

NOTE 3 - OTHER FINANCIAL STATEMENT DETAILS

Inventories


	As of
	December 27,		December 28,
U.S. dollars in millions	2025		2024
Raw materials	$	21	$	35
Work in process		—		1
Finished goods		306		379
Total inventories	$	327	$	415

Inventory write-downs and write-offs totaled $2 million, $3 million and $2 million for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, respectively.

Property and equipment, net


	As of
	December 27,		December 28,
U.S. dollars in millions	2025		2024
Computers, electronic equipment and software	$	245	$	197
Vehicles		10		14
Office furniture and equipment		11		10
Buildings		322		321
Leasehold improvements		56		44
Total property and equipment, gross	$	644	$	586
Less: accumulated depreciation		(171)		(128)
Total property and equipment, net	$	473	$	458

Depreciation expenses totaled $74 million, $62 million, and $39 million for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, respectively. During 2025 and 2024, the Company derecognized the cost and accumulated depreciation of fully depreciated assets in the amount of $32 million and $30 million, respectively.

Substantially all of the Company’s property and equipment were located in Israel as of December 27, 2025 and December 28, 2024.

Royalty bearing agreements

The Company has entered into a number of license and technology transfer agreements with third parties. The agreements allow the Company to utilize and leverage the third parties’ technology in order to integrate it into the Company’s products. In consideration thereof, the Company is obligated to pay royalties to each of the third parties, for each unit of the applicable integrated product sold to other parties. As a result, during the years ended December 27, 2025, December 28, 2024, and December 30, 2023, the Company recorded expenses of approximately $5 million, $7 million, and $9 million, respectively. These expenses were classified as a component of cost of revenue.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 27, 2025	Dec. 28, 2024
Class A common stock
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	4,000,000,000	4,000,000,000
Common stock, shares issued	216,980,847	100,226,477
Common stock, shares outstanding	216,980,847	100,226,477
Class B common stock
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	597,768,015	711,500,000
Common stock, shares outstanding	597,768,015	711,500,000

INCOME TAXES - Additional Information (Details) $ in Millions	Dec. 27, 2025 USD ($)
U.S
INCOME TAXES
Operating Loss Carryforwards After Joining Consolidated Income Tax Filing	$ 141
Operating loss carryforward	192
Non-U.S
INCOME TAXES
Operating loss carryforward	$ 242

SUBSEQUENT EVENTS

12 Months Ended

Dec. 27, 2025

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 15 - SUBSEQUENT EVENTS

Share-based compensation

In January 2026, the Company’s Chief Executive Officer approved, pursuant to the authority delegated by the compensation committee, the issuance of restricted stock units to be issued under our 2022 Plan. The total aggregate fair value of RSUs granted was $15.0 million, which constituted 1,299 thousand RSUs, which will vest over a service period of three years.

Share Purchase Agreement signed between Mobileye Global and Mobileye Vision for the acquisition of 100% of Mentee Robotics shares

The Acquisition was approved by the Board, acting on the recommendation of a strategic transaction committee consisting of four disinterested directors (two of whom are independent). The Audit Committee of the Board also approved the Acquisition pursuant to the Company’s Related Persons Transaction Policy. Intel, as the sole beneficial holder of the Company’s issued and outstanding Class B common stock, also approved the Acquisition pursuant to the Company’s Amended and Restated Certificate of Incorporation. Prof. Shashua recused himself from the Board’s consideration and approval of the Acquisition. Prof. Amnon Shashua, President and CEO of the Company, is the Chairman, Co-Founder and a significant shareholder of Mentee Robotics, and Prof. Shai Shalev-Shwartz, Chief Technology Officer of the Company, is Co-Founder and a significant shareholder of Mentee Robotics (Prof. Shalev-Shwartz, together with Prof. Shashua and Prof. Lior Wolf, the Chief Executive Officer and a Co-Founder of Mentee Robotics, the “Mentee Founders”). In addition, Prof. Amnon Shashua’s son and son-in-law, are both employees of Mentee Robotics and each held vested and unvested options issued pursuant to Mentee Robotics’s employee incentive plan and therefore receive some consideration pursuant to the terms of the Share Purchase Agreement.

The Share Purchase Agreement provided for an aggregate purchase price of $900 million, which consisted of (i) approximately $612 million in cash (subject to certain adjustments,) and (ii) 26,279,824 shares of Class A common stock of the Company. The entirety of such Class A common stock was allocated to the Mentee Founders (the “Aggregate Stock Consideration”). 10% of the Aggregate Stock Consideration is subject to a six month lock-up period pursuant to a Lock-Up Agreement. The remaining 90% of the Aggregate Stock Consideration was deposited with a deferred consideration trustee and will be released in equal portions twenty-four and forty-eight months after the closing date on February 3, 2026, subject to continued employment, or under certain circumstances affiliation, with the Company and its subsidiaries. Prof. Amnon Shashua received 37.83% of the total consideration, valued at approximately $341 million, to be paid evenly in cash and Class A Stock, and Prof. Shai Shalev-Shwartz received 13.07% of the total consideration, valued at approximately $118 million, to be paid evenly in cash and the Company’s Class A common stock.

At the closing, $95 million of the purchase price was deposited with an escrow agent (provided that with respect to Mentee Founders, 50% of their pro rata portion of the escrow was deposited in the form of Class A common stock) to secure the post-closing purchase price adjustments and certain indemnification obligations of the shareholders of Mentee Robotics.

Pursuant to the Share Purchase Agreement, (i) all vested options to acquire shares of Mentee Robotics (each option, a “Mentee Option”) and 20% of unvested Mentee Options were cancelled and converted into the right to receive a portion of the cash consideration based on the intrinsic value of such Mentee Options at the purchase price and (ii) all remaining unvested Mentee Options were cancelled and converted into the right to receive a number of unvested RSUs of the Company calculated based on the volume weighted average of the closing sale prices for the Company’s Class A common stock over the thirty (30) Trading Days ending immediately prior to February 3, 2026 and with a value equal to the intrinsic value of such Mentee Options at the purchase price.

The Share Purchase Agreement contains customary representations, warranties and covenants of the Company, Mobileye Vision Technologies Ltd. and Mentee Robotics, certain of which (except for the representations and warranties of the Company) shall survive the closing of the Acquisition. The shareholders of Mentee Robotics have agreed to indemnify the Company and Mobileye Vision Technologies Ltd. for certain breaches of representations, warranties and covenants.

LEASES - Schedule of maturities of future minimum lease payments (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
Schedule of maturities of future minimum lease payments
2026	$ 20
2027	17
2028	14
2029	9
2030 and thereafter	8
Total operating lease payments	68
Imputed interest	(6)
Present value of lease liabilities	$ 62	$ 50

IDENTIFIED INTANGIBLE ASSETS - Future amortization expenses (Details) - USD ($) $ in Millions	Dec. 27, 2025	Dec. 28, 2024
IDENTIFIED INTANGIBLE ASSETS
2026	$ 333
2027	179
2028	176
2029	131
2030	97
Thereafter	250
Total	$ 1,166	$ 1,609

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 27, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 27, 2025

SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of the cash, cash equivalents and restricted cash


		As of
		December 27,			December 28,
U.S. dollars in millions		2025			2024
Cash		$	35		$	56
Short term deposits			785			419
Money market funds			1,016			951
Restricted cash (within other current and other long-term assets)			24			12
Cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows		$	1,860		$	1,438

Schedule of estimated useful lives per asset type


		Years
Computers, electronic equipment and software		3 - 7 (Mainly 4)
Vehicles		7
Office furniture and equipment		14
Buildings		15 - 25 (Mainly 25)

Schedule of notional amount and fair value of outstanding derivatives


	As of
	December 27,		December 28,
U.S. dollars in millions	2025		2024
Notional amount of derivatives contracts	$	303	$	214
Fair value of derivative assets	$	18	$	2

Schedule of change in accumulated other comprehensive income (loss) relating to gains (losses) on derivatives used for hedging


		Year ended
		December 27,		December 28,		December 30,
U.S. dollars in millions		2025		2024		2023
Other comprehensive income (loss) before reclassifications		$	39	$	2	$	—
Amounts reclassified out of accumulated other comprehensive (income) loss *			(23)		—		10
Tax effects			(1)		—		(1)
Other comprehensive income (loss), net of tax		$	15	$	2	$	9

* Amounts of gains (losses) reclassified from other comprehensive income (loss) into profit or loss are recorded in cost of revenue and operating expenses.

INCOME TAXES - Income taxes paid, net of refunds received (Cash Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
INCOME TAXES
Total Cash Taxes	$ 11	$ 21	$ 64
Israel
INCOME TAXES
Foreign	10	19	61
Other Foreign Jurisdictions
INCOME TAXES
Foreign	$ 1	$ 2	$ 3

IDENTIFIED INTANGIBLE ASSETS - Amortization expenses and weighted average useful lives (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
IDENTIFIED INTANGIBLE ASSETS
Total amortization expenses	$ 443	$ 444	$ 474
Fully depreciated intangible assets derecognized during the period	9
Impairment of intangible assets	0	0	0
Developed technology
IDENTIFIED INTANGIBLE ASSETS
Total amortization expenses	$ 377	$ 376	$ 406
Developed technology \| Weighted Average Useful Life
IDENTIFIED INTANGIBLE ASSETS
Weighted Average Useful Life	10 years	10 years	10 years
Customer relationships & brands
IDENTIFIED INTANGIBLE ASSETS
Total amortization expenses	$ 66	$ 68	$ 68
Customer relationships & brands \| Weighted Average Useful Life
IDENTIFIED INTANGIBLE ASSETS
Weighted Average Useful Life	12 years	12 years	12 years

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

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+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

SEGMENT INFORMATION - Segment results (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
SEGMENT INFORMATION
Revenues	$ 1,894	$ 1,654	$ 2,079
Cost of revenues	990	913	1,032
Research and development, net	1,151	1,083	889
Sales and Marketing	113	118	118
General and administrative	80	70	73
Segment performance	280	193	693
Amortization of intangible assets	(443)	(444)	(474)
Share-based compensation	(277)	(279)	(252)
Goodwill impairment	0	(2,695)
Financial income (expense), net	63	62	49
Income (loss) before taxes on income	(377)	(3,163)	16
Depreciation of property and equipment	74	62	39
Operating Segments \| Mobileye
SEGMENT INFORMATION
Revenues	1,855	1,613	2,045
Cost of revenues	604	529	619
Research and development, net	883	810	645
Sales and Marketing	31	31	33
General and administrative	46	40	38
Segment performance	291	203	710
Goodwill impairment		(2,695)
Depreciation of property and equipment	74	62	39
Operating Segments \| Other
SEGMENT INFORMATION
Revenues	39	41	34
Cost of revenues	7	6	5
Research and development, net	29	29	32
Sales and Marketing	10	13	10
General and administrative	4	3	4
Segment performance	$ (11)	$ (10)	$ (17)

OTHER FINANCIAL STATEMENT DETAILS - Property and equipment, net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Property and equipment, net
Total property and equipment, gross	$ 644	$ 586
Less: accumulated depreciation	(171)	(128)
Total property and equipment, net	473	458
Depreciation expenses	74	62	$ 39
Amount of tangible assets derecognized during the period	32	30
Royalty Expense	5	7	$ 9
Computers, electronic equipment and software
Property and equipment, net
Total property and equipment, gross	245	197
Vehicles
Property and equipment, net
Total property and equipment, gross	10	14
Office furniture and equipment
Property and equipment, net
Total property and equipment, gross	11	10
Buildings
Property and equipment, net
Total property and equipment, gross	322	321
Leasehold improvements
Property and equipment, net
Total property and equipment, gross	$ 56	$ 44

OTHER FINANCIAL STATEMENT DETAILS (Tables)

12 Months Ended

Dec. 27, 2025

OTHER FINANCIAL STATEMENT DETAILS

Schedule of inventories


	As of
	December 27,		December 28,
U.S. dollars in millions	2025		2024
Raw materials	$	21	$	35
Work in process		—		1
Finished goods		306		379
Total inventories	$	327	$	415

Schedule of property and equipment


	As of
	December 27,		December 28,
U.S. dollars in millions	2025		2024
Computers, electronic equipment and software	$	245	$	197
Vehicles		10		14
Office furniture and equipment		11		10
Buildings		322		321
Leasehold improvements		56		44
Total property and equipment, gross	$	644	$	586
Less: accumulated depreciation		(171)		(128)
Total property and equipment, net	$	473	$	458

INCOME TAXES - Income (Loss) before income taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Income (loss) before taxes:
U.S	$ (11)	$ (11)	$ (13)
Non-U.S	(366)	(3,152)	29
Income (loss) before income taxes	$ (377)	$ (3,163)	$ 16

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

INCOME TAXES - Income taxes reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Difference between the tax provision at the statutory federal income tax rate and the benefit (provision) for income taxes as a percentage of loss before income taxes (effective tax rate)
Income (loss) before income taxes	$ (377)	$ (3,163)	$ 16
U.S. Federal Statutory Tax Rate	$ 79	$ 664	$ (3)
U.S. Federal Statutory Tax Rate (in percent)	21.00%	21.00%	21.00%
Increase (reduction) in rate resulting from:
U.S. Branch Taxation of Foreign Operations	$ (87)	$ 474	$ (1)
U.S. Branch Taxation of Foreign Operations (in percent)	(23.10%)	15.00%	9.20%
GILTI	$ (1)		$ (1)
GILTI (in percent)	(0.30%)		3.00%
Changes in Valuation Allowances	$ 59	$ (422)	$ (30)
Changes in Valuation Allowance (in percent)	15.70%	(13.30%)	179.70%
Non-taxable or Non-deductible items	$ (1)	$ (2)	$ (1)
Non-taxable or Non-deductible items (in percent)	(0.30%)	(0.10%)	8.20%
Changes in Unrecognized Tax Benefits	$ (7)	$ (6)	$ (7)
Changes in Unrecognized Tax Benefits (in percent)	(1.90%)	(0.20%)	42.10%
Total benefit (provision) for income taxes	$ (15)	$ 73	$ (43)
Total benefit (provision) for income taxes (in percentage)	(4.00%)	2.30%	268.60%
Tax rate on Special Preferred Technological Enterprises	6.00%
Percentage of annual income derived from exports for preferential tax rate	25.00%
Israel
Increase (reduction) in rate resulting from:
Foreign Rate Differential	$ 7	$ 63	$ (1)
Foreign rate differential (in percent)	1.90%	2.00%	2.70%
Technology Incentives	$ (58)	$ (96)	$ 18
Technology Incentives (in percent)	(15.40%)	(3.00%)	(107.20%)
Changes in Valuation Allowances	$ (7)	$ (6)	$ (16)
Changes in Valuation Allowance (in percent)	(1.90%)	(0.30%)	98.20%
Goodwill impairment		$ (596)
Goodwill impairment (in percent)		(18.80%)
Other Adjustments	$ 2	$ 1	$ (2)
Other Adjustments (in percent)	0.60%		14.90%
Other Foreign Jurisdictions
Increase (reduction) in rate resulting from:
Foreign Rate Differential		$ (1)	$ 1
Foreign rate differential (in percent)			(3.50%)
U.S
Increase (reduction) in rate resulting from:
Other Adjustments	$ (1)
Other Adjustments (in percent)	(0.30%)		0.30%

LEASES

12 Months Ended

Dec. 27, 2025

LEASES

LEASES

NOTE 5 - LEASES

The Company’s operating leases consist of offices and vehicles and the lease term varies between 3-8 years. Some of the Company’s leases include options to extend the lease term for periods of up to five years each. For purposes of calculating lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such options.

Lease expenses for operating lease payments are recognized on a straight-line basis over the lease term. Certain operating leases provide for annual increases to lease payments based on an index. The Company calculates the present value of future lease payments based on the index or rate at the lease commencement date. Differences in lease payments resulting from changes in an index or rate are recognized are expensed as incurred and are not material for all periods presented. The lease agreements generally do not contain any residual value guarantees or restrictive covenants.

Operating lease expense for the years ended December 27, 2025, December 28, 2024, and December 30, 2023 were $18 million, $16 million, and $19 million, respectively. The Company does not have any finance leases.

The balances for the operating leases, which are presented on the consolidated balance sheets in other long-term assets, other current liabilities and long-term liabilities, were as follows:


		As of
		December 27,			December 28,
U.S. dollars in millions		2025			2024
Operating lease right-of-use assets		$	50		$	47
Operating lease liabilities:
Current portion of lease liabilities			18			13
Long-term lease liabilities			44			37
Total operating lease liabilities		$	62		$	50

As of December 27, 2025 and December 28, 2024, the weighted average remaining lease term was 4.06 and 4.31 years, respectively, and the weighted average discount rate was 5.01% and 4.94%, respectively.

Supplemental information related to operating leases was as follows:


		Year ended
		December 27,			December 28,			December 30,
U.S. dollars in millions		2025			2024			2023
Operating cash outflows from operating leases		$	18		$	16		$	16
Right-of-use assets recognized in exchange for lease obligations		$	19		$	13		$	8

Maturities of operating lease liabilities were as follows:


		December 27,
U.S. Dollars in millions		2025
2026		$	20
2027			17
2028			14
2029			9
2030 and thereafter			8
Total operating lease payments			68
Imputed interest			(6)
Present value of lease liabilities		$	62

During 2017, the Company obtained the right to use land in Jerusalem from the Israeli government for the construction of a new research and development and innovation center that now hosts the Company’s headquarters (the new Jerusalem Campus). This land lease was fully prepaid and no lease liability was recorded. This operating lease right of use asset is carried at cost and amortized using the straight-line method. This operating lease right of use asset, net of amortization, was $11 million and $11 million as of December 27, 2025 and December 28, 2024, respectively, and is included in other long-term assets on the consolidated balance sheets.

INCOME TAXES - Uncertain tax positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Dec. 30, 2023
Reconciliation of the beginning and ending amount of unrecognized tax benefits related to uncertain tax positions
Balance at the beginning of the year	$ 13	$ 7
Changes in balances related to tax positions taken during current period	7	6	$ 7
Foreign currency adjustments	2
Balance at the end of the year	$ 22	$ 13	$ 7

GOODWILL

12 Months Ended

Dec. 27, 2025

GOODWILL

GOODWILL

NOTE 10 - GOODWILL

The following table presents the carrying amount of goodwill by segment as of December 27, 2025, December 28, 2024.


U.S. dollars in millions		Mobileye			Other			Total
December 30, 2023		$	10,784		$	111		$	10,895
Impairment			(2,695)			—			(2,695)
December 28, 2024		$	8,089		$	111		$	8,200
December 27, 2025		$	8,089		$	111		$	8,200

As of December 27, 2025 and December 28, 2024 there were $2,695 million accumulated goodwill impairment losses.

2024 Goodwill Impairment Test

During the third quarter of 2024, the Company performed an interim quantitative goodwill impairment analysis for the “Mobileye” reporting unit, due to a then-recent decline in the price of the Company’s Class A common stock, and corresponding market capitalization, as well as macroeconomic and industry factors. The quantitative assessment was performed by measuring the reporting unit’s fair value (which substantially constitutes the entire value of the Company) using the income approach, based on the expected present value of estimated future cash flows.

The fair value measurement is categorized as Level 3 within the fair value hierarchy due to the use of unobservable inputs such as financial projections, terminal growth rate, and discount rate. The results of the impairment analysis indicated that the carrying value of

the Mobileye reporting unit was in excess of its fair value. Therefore, the Company recorded a non-cash impairment loss of $2,695 million, under “goodwill impairment” in the Consolidated Statements of Operations and Comprehensive Income (Loss).

During the fourth quarter of 2024, we completed our annual impairment assessment. Based on the assessment, the fair value of the “Mobileye” reporting unit exceeded its book value. We also performed a detailed quantitative analysis for the “Other” reporting unit which showed that no impairment was required. Fair value for the “Other” reporting unit was estimated using the expected present value of future cash flows and is categorized as Level 3 within the fair value hierarchy due to the use of unobservable inputs.

2025 Goodwill Impairment Test

During the fourth quarter of 2025, we completed our annual impairment assessment. For the “Mobileye” reporting unit the assessment was performed using a quantitative test. The quantitative impairment test estimated the fair value of the reporting unit using an income approach.

Fair value was estimated using the expected present value of future cash flows and was categorized as Level 3 within the fair value hierarchy due to the use of unobservable inputs such as financial projections, terminal growth rate, and discount rate.

The results of the impairment analysis indicated that the fair value of the Mobileye reporting unit was in excess of its carrying value. Therefore, no impairment was recorded.

Due to the equity of the Company being above the market capitalization of the Company as of December 27, 2025, a further sustained decline in our share price and market capitalization may require further testing of our Mobileye reporting unit, which may result in an impairment.

For the “Other” reporting unit, our annual goodwill impairment assessment was performed using a qualitative assessment and concluded that the fair value of the “Other” reporting unit substantially exceeds its book value.

- Definition

The entire disclosure for goodwill.

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