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Mobileye founder's decision to step down as CEO, weak forecast hit shares
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Fusion42 · 23 July 2026 · Fusion42 review
Mobileye founder Amnon Shashua is stepping down as CEO to focus on humanoid robotics development, whilst the company forecasts a 5-6% revenue drop for Q3, triggering a 15% single-day share fall. Shashua will transition to chairman and focus on longer-term innovation, including the $900m Mentee Robotics acquisition, whilst a new CEO will lead the established autonomous-driving and ADAS business.
This Wire brief sits within Fusion42's coverage of Robotics and Autonomous Vehicles, and 3 sources have reported it between 23 Jul 2026 and 24 Jul 2026.
◆ ◆ The Wire takeaway
Mobileye's founder just split the company in two: one CEO owns the cash-generating autonomous-driving business, another owns his bet on humanoids. If you're building robotics hardware or software that needs to scale on a platform, you now have a proven buyer with $125k annual revenue per deployed unit and a $900m appetite for acquisitions.
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3 sources · first reported 23 Jul 2026 · latest 24 Jul 2026
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