Mobileye Stock (MBLY) Jumps on New EyeQ6H Deal

Mobileye's stock price (NASDAQ:MBLY) experienced a boost in early trading following the announcement of a significant partnership with a U.S.-based automaker. The deal, centered around Mobileye's EyeQ6H system-on-chip, is set to power advanced driver assistance systems (ADAS) with hands-free driving capabilities across millions of vehicles, fueling positive market sentiment.

The stock price has added 4.27% to reach $11.72 through the morning session, as the agreement promises substantial future revenue streams and solidifies Mobileye's position in the rapidly expanding ADAS market.

The partnership involves equipping a wide range of mainstream and premium models from the unnamed automaker with Mobileye’s Surround ADAS as standard. The collaboration is projected to encompass approximately 9 million vehicles, contributing significantly to Mobileye's anticipated delivery of over 19 million EyeQ6H-based Surround systems globally. This substantial volume underscores the scale and importance of the deal for Mobileye's future growth.

The EyeQ6H-powered Surround ADAS system utilizes up to 11 sensors, incorporating multiple cameras and radars, all processed by a single, advanced chip. This sophisticated configuration enables hands-free, eyes-on driving in designated areas at speeds of up to 81 mph (130 kph), including features such as automated lane changes and highway traffic jam assistance. The technological sophistication of the system highlights Mobileye's competitive edge in the ADAS space.

This agreement marks the second top-10 global automaker to embrace Mobileye's EyeQ6H platform, following the Volkswagen Group's announcement in March 2025. The consecutive wins demonstrate the growing confidence major players in the automotive industry have in Mobileye's technology and its ability to deliver advanced autonomous driving solutions.

Oppenheimer reiterated an “Outperform” rating for Mobileye, setting a price target of $28.00. This target suggests a substantial potential upside from the current trading price, showcasing analyst confidence in Mobileye's long-term prospects. The rating reflects the market's view on the company's ability to capitalize on the growing demand for advanced driver assistance systems.