Mobileye's quarterly filing shows $591 million cash paid for a humanoid robot company and founder shares that vest over four years

Mobileye Global filed its Form 10-Q on Oct 29, 2026, for the period that ended Sep 26, 2026. It says the company acquired 100% of the stock of Mentee Robotics Ltd., a business focused on humanoid robotics. The share purchase agreement is dated Jan 5, 2026 and the deal closed on Feb 3, 2026.

The cash flow statement shows $591 million paid for the acquisition, net of cash acquired, in the nine months ended Sep 26, 2026. The 10-Q puts the aggregate purchase price at $900 million: about $612 million in cash and 26,279,824 Class A shares.

The filing says 23,651,844 restricted shares of Class A stock were issued to the Mentee founders. They are held by a trustee and released in equal portions 24 and 48 months after the closing date. Mobileye reports $173 million of unrecognized compensation cost on these shares, to be recognized over a weighted-average period of 3.36 years.

In its Oct 29, 2026 earnings release, the company says it acquired Mentee "to pursue the future of physical AI and humanoid robots." The same release warns that the humanoid robotics industry and its technology may not develop as expected.

Neither document gives a production plan, a unit target or a factory location for Mentee's robot.