SEGMENT INFORMATION

3 Months Ended

Mar. 28, 2026

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 9 - 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, impairment of goodwill and acquisition related expenses.

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 the summary of significant accounting policies in Note 2 to the audited consolidated financial statements for the fiscal year ended December 27, 2025.

The following are segment results for each period as follows:

	Three months ended March 28, 2026
U.S. dollars in millions	Mobileye		Other		Total
Revenues	$	549	$	9	$	558
Cost of revenues		186		2		—
Research and development, net		245		8		—
Sales and marketing		9		2		—
General and administrative		10		1		—
Segment performance	$	99	$	(4)	$	95
Amortization of intangible assets						(113)
Share-based compensation						(84)
Acquisition related expenses						(6)
Goodwill impairment						(3,788)
Financial income (expense), net						14
Income (loss) before taxes on income					$	(3,882)
Depreciation of property and equipment	$	20	$	—	$	20

	Three months ended March 29, 2025
U.S. dollars in millions	Mobileye		Other		Total
Revenues	$	428	$	10	$	438
Cost of revenues		134		2		—
Research and development, net		212		7		—
Sales and marketing		10		3		—
General and administrative		10		1		—
Segment performance	$	62	$	(3)	$	59
Amortization of intangible assets						(111)
Share-based compensation						(65)
Financial income (expense), net						18
Income (loss) before taxes on income					$	(99)
Depreciation of property and equipment	$	18	$	—	$	18

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

	Three months ended
	March 28,		March 29,
U.S. dollars in millions	2026		2025
USA	$	130	$	111
China		113		100
Germany		77		74
South Korea		66		33
Slovakia		48		14
Poland		28		28
Hungary		26		17
United Kingdom		22		36
Czech Republic		20		7
Thailand		10		2
Rest of World		18		16
Total	$	558	$	438

We generate the majority of our revenue from the sale of our EyeQ^TM SoCs to OEMs primarily through sales to Tier 1 automotive suppliers. EyeQ^TM SoC sales represented approximately 92% and 94% of our revenue for each of the three months ended March 28, 2026 and March 29, 2025, respectively.

Major Customers

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

	Three months ended
	March 28,		March 29,
	2026		2025
Percent of total revenues:
Customer A	25	%	37	%
Customer C	18	%	14	%
Customer D	17	%	15	%
Customer B	15	%	17	%

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

	As of
	March 28,		December 27,
	2026		2025
Percent of total accounts receivables balance:
Customer A	32	%	39	%
Customer C	21	%	14	%
Customer D	14	%	13	%