Company Insights

MBLY customer relationships

Explore interactive graphBrowse insights index
MBLY customer relationship map

Mobileye (MBLY): Customer map, contract posture, and what the OEM roster tells investors

Mobileye sells its EyeQ SoC and SuperVision software to OEMs and Tier‑1 suppliers, largely on a shipment‑based revenue model, and captures value as both a hardware vendor and a software partner for advanced driver assistance and robotaxi platforms. Revenue is concentrated in EyeQ SoCs and SuperVision, recognized at shipment, and monetized through a mix of Tier‑1 sales and direct OEM integrations. For investors, the company’s upside depends on expanding SuperVision design wins while managing concentration and short‑term contracting dynamics. Read more on the network and signals at https://nullexposure.com/.

How Mobileye powers revenue and why partners matter

Mobileye’s core monetization is straightforward: hardware (EyeQ SoCs) drives the vast majority of revenue, complemented by SuperVision software licences and integration services. According to the FY2025 Form 10‑K, EyeQ SoCs represented the substantial majority of shipments in 2025 and the company recognizes product revenue at the time of shipment under agreed shipping terms. The company sells both directly to OEMs and through Tier‑1 suppliers, which creates large‑enterprise counterparty exposure and concentrated spend patterns—the three largest Tier‑1 customers alone accounted for double‑digit shares of revenue in 2025.

Operational characteristics that investors should treat as company‑level signals:

  • Contracting posture: short‑term / spot‑oriented. The company documents that many customer relationships operate via purchase orders and quarterly commitments; revenue is recognized at shipment.
  • Counterparty concentration and criticality. Mobileye depends on a limited number of Tier‑1s and OEMs for a substantial portion of revenue; ADAS is its core product and materially drives results.
  • Geographic reach: global with material APAC exposure. China accounted for ~23% of shipments in 2025, while the customer base spans more than 50 OEMs worldwide.
  • Relationship maturity: active and, where integrated, mature. Many OEM integrations require customized validation and long development cycles, locking in multi‑year technical relationships.
    These signals create asymmetric opportunity if Mobileye continues to convert design wins into volume, and asymmetric risk if a major Tier‑1 or OEM de‑rates orders or shifts platforms.

Read deeper coverage and client briefings at https://nullexposure.com/.

The customer roster — evidentiary summaries for every relationship in the record

Below are one‑to‑two sentence, evidence‑backed summaries for each customer relationship cited in the records.

Geely Group

Geely launched Mobileye SuperVision in its ZEEKR premium EV brand with the first series production launch referenced in Mobileye’s FY2025 Form 10‑K; production began in 2021 (FY2025 10‑K).

Volkswagen Group

Mobileye reports executed software updates and production program awards with Volkswagen, and management has framed Volkswagen collaboration as a major multi‑year execution program in 2025‑2026 (FY2025 10‑K; 2025 Q3/Q4 earnings calls; news coverage, FY2025).

Holon (division of Benteler)

Mobileye’s earnings calls identify Holon as a growing engagement channel for robotaxi and related programs alongside Volkswagen (2025 Q3 earnings call).

Volvo

Mobileye added Volvo as a new customer, and media coverage at CES 2026 noted Volvo among new OEM partners in 2025 (2025 Q3 earnings call; Sahm Capital note, CES 2026).

General Motors (GM)

Industry commentary and multiple media reports reference GM as a Mobileye partner and as an expected contract prospect for advanced mobility programs (Globes and prior coverage, FY2025 and FY2022 sources).

Mercedes

Market commentary referenced Mercedes as an expected major automaker partner discussed in 2025 investor coverage and media reporting (Globes, FY2025).

BMW / BMW AG

Historical reporting and investor materials list BMW among Mobileye’s long‑standing automaker partners for ADAS development dating back to earlier public disclosures (SiliconANGLE and CNBC coverage, FY2022).

Nissan Motor Co. Ltd.

Mobileye is listed among partners that include Nissan in prior industry reports documenting broad OEM relationships (SiliconANGLE, FY2022).

Mahindra & Mahindra

Mobileye signed a SuperVision agreement positioning Mahindra as a Tier‑1 supplier relationship and geographic expansion route in India (Sahm Capital coverage, FY2026).

Lyft

Lyft publicly announced a teaming arrangement with Mobileye to launch robotaxis in Dallas in 2026, confirming a mobility services partnership beyond pure OEM supply (Globes reporting, FY2025).

Marubeni

Mobileye’s earnings commentary noted progress toward naming an automaker and vehicle platform to complete the Lyft–Marubeni value chain, reflecting an ecosystem partnership rather than a simple parts sale (2025 Q3 earnings call).

ZEEKR

ZEEKR is the vehicle brand tied to the Geely rollout; Mobileye’s SuperVision volumes for ZEEKR tracked ahead of expectations and factored into the company’s 2025 volume outlook (2025 Q3 earnings call).

Polestar

Polestar programs remain relatively small within Mobileye’s total volume, with quarter‑to‑quarter fluctuations called out in earnings remarks (2025 Q3 earnings call).

Audi

Audi is listed among historically disclosed OEM partners used to develop ADAS features with Mobileye’s EyeQ platform (CNBC coverage and prior partner lists, FY2022).

Porsche

Porsche appears on Mobileye’s Tier‑1 customer list and in news items covering production stockpiling and SuperVision adoption in recent reporting (FinancialContent FY2026; Autobodynews FY2024).

Subaru

CES and investor commentary cited Subaru as a new OEM partner added to Mobileye’s top‑10 customer RFQ wins in 2025 (Sahm Capital, CES 2026 coverage).

Ford

Ford is included in historical partner lists alongside other major manufacturers collaborating with Mobileye on EyeQ‑based systems (CNBC and earlier industry coverage, FY2022).

What the roster and operating signals mean for investors

  • Execution risk is front‑loaded but quantifiable. Many relationships are governed by purchase orders and shipment recognition, so short‑term revenue volatility is structural rather than incidental. The FY2025 filing notes customers reverted to quarterly or shorter commitments after chip‑shortage driven commitments eased.
  • Concentration creates binary outcomes. The top three Tier‑1 customers (ZF, Valeo, Aptiv) represented material shares of revenue in 2025—30%, 17%, and 15% respectively—so any order deterioration would materially affect near‑term results, while successful scale‑ups of SuperVision would disproportionately expand margins.
  • Global footprint with APAC exposure. China accounted for approximately 23% of shipments in 2025, underlining manufacturing and demand exposure to the APAC region and the strategic importance of partners such as Geely/ZEEKR and Mahindra.
  • Product lock‑in and maturity favor long‑term value capture. Because integrations require customization and validation, mature OEM integrations raise switching costs and underwrite recurring hardware volumes once ramps complete.

Investors should weigh the high margin, hardware‑led revenue base and the optionality from SuperVision and robotaxi contracts against the concentration and short‑cycle contracting posture described in filings and earnings commentary.

For a concise brief and ongoing monitoring of customer developments, visit https://nullexposure.com/.

Final takeaway and next steps

Mobileye’s customer map is a mix of durable technical partnerships and short‑term commercial commitments—an attractive risk/reward if the company converts design wins into sustained volume with its top OEMs. Continued investor focus should be on execution against Volkswagen and other major design wins, order cadence from Tier‑1s, and progress on robotaxi commercial relationships. For tailored investor reports and deeper relationship analytics, see https://nullexposure.com/.