Arbe Announces Second Quarter 2026 Financial Results

TEL AVIV, Israel, Aug. 6, 2026 /PRNewswire/ -- Arbe Robotics Ltd . (NASDAQ: ARBE) (TASE: ARBE), a global leader in ultra-high-resolution radar solutions, today announced financial results for its second quarter ended June 30, 2026.

* Defense and homeland security deliveries: Arbe's technology was selected by a leading global defense and homeland security system integrator, and the parties signed a framework collaboration agreement covering three joint projects, with plans to expand cooperation into additional initiatives. Arbe has begun deliveries of radar systems directly from its production line, with additional shipments expected as production ramps. * Robotaxi systems with Arbe on the road: Building on the previously reported robotaxi engagements, Arbe's radar systems have been integrated into vehicles that have commenced on-road trials. Arbe continues to be engaged in active bid processes with additional robotaxi players. * Progress in China with HiRain: Arbe's Tier 1 HiRain, a leading supplier offering a portfolio of radar systems based on Arbe's chipset, has advised Arbe that it is progressing toward production, currently planned for the beginning of 2027, delivering on the previously announced order from its L4 OEM customer. HiRain is also competing in meaningful RFIs and RFQs. * Progress with OEMs actively testing advanced radar solutions: Arbe is actively participating in evaluations together with its Tier 1s to replace the OEMs' existing radar technologies. Arbe is regarded as the leading ultra-high-resolution radar provider for L3 and higher autonomy. * Broader radar applications: Sensrad, a Tier 1 supplying imaging radar based on Arbe's chipset for defense and commercial applications, announced a new collaboration with VirtuRail, which is integrating the radar into its automated service vehicles for underground tunnel construction. Arbe continues to supply chipsets to Sensrad, supporting Sensrad's customers Watchit, Forterra, and Tianyi. Arbe is also directly engaged in additional non-automotive programs at various stages of evaluation. * Continued revenue growth: Arbe's new strategy of focusing on broader markets with more immediate revenue potential delivered results. Revenue growth in the quarter was due to increased chipset sales to automotive Tier 1s, radar system sales for defense and civilian programs, and ongoing engineering and development services. * Efficiency measures: At the same time, Arbe is focused on maintaining a low expense footprint and more efficient operations. The full impact of the approximately 15% expense reduction initiated in the first quarter of 2026 is expected to be reflected in the third quarter of 2026. Management believes that the current balance sheet, with around $42 million in cash, cash equivalents and short-term bank deposits, combined with ongoing revenue growth and a targeted reduction in cash burn to below $7 million per quarter, extends the Company's cash runway to execute on its growth plans.