Mobileye Global Inc. (MBLY) a United States-domiciled, Israel-headquartered autonomous driving company, said Thursday its board authorized a share repurchase program of up to $250 million of Class A common stock.
The program is intended to partially offset dilution from share-based compensation and shares issued for the Mentee Robotics acquisition, while preserving financial flexibility to invest in its core automotive business and physical AI platform.
Mobileye plans to finance the program from existing cash on hand and future cash flows.
On the New York Stock Exchange, shares of Mobileye were gaining 13.04 percent in pre market activity at $43.99, after closing Wednesday's regular trading 0.38 percent higher at $7.90.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.