AI Automotive & Autonomous Driving
All research in AI Automotive & Autonomous Driving — 2 reports.
Mobileye is the ADAS leader, controlled by Intel, that sells tiered intelligent-driving capabilities to global automakers through EyeQ chips, software, and REM crowdsourced maps. 2026Q1 revenue rose 27% year over year to $558 million and the midpoint of full-year guidance was raised to $1.975 billion, but the company also booked a $3.788 billion goodwill impairment in the quarter, while advanced driving and Robotaxi monetization remain slower than the optimism of 2022 implied. Research rating Hold: core ADAS cash flow is solid, and the current price is closer to fair than cheap.
AI in cars has crossed from demo-grade into revenue-grade, but the revenue structure is sharply tiered. The first to monetize are L2/L2+ ADAS and the "pick-and-shovel" suppliers—GM Super Cruise (FY26 guidance near $400 million, roughly 70% gross margin), Qualcomm automotive (Q2 $1.3 billion, +38%), Mobileye (2025 $1.894 billion, +15%); Robotaxi is genuinely paid but still in the early-scaling phase (Waymo / Apollo Go / Pony.ai / WeRide). Rating Watch: over the short-to-medium term, profit is more likely to flow to ADAS fitment, in-vehicle AI chips/domain controllers, and the few fleet platforms that have already closed the loop.