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Apr 01, 2023
Mobileye Q1 2023 Earnings Report
Mobileye's Q1 2023 financial results were released, showing revenue growth and a strong performance in both EyeQ® and SuperVision business lines.
Key Takeaways
Mobileye reported a strong Q1 2023 with 16% revenue growth, driven by the EyeQ® and SuperVision business lines. The company is gaining traction with its advanced product portfolio, but has reduced its 2023 SuperVision shipment forecast due to headwinds in the China EV market, which is impacting annual financial guidance.
Revenue grew by 16% in Q1, driven by strong performance in EyeQ® and SuperVision.
Operating Cash flow was robust at $171 million.
Multiple SuperVision and Chauffeur programs with global automakers are approaching design win conclusion.
2023 SuperVision shipment forecast was reduced due to headwinds lowering EV demand in China.
Forward Guidance
Mobileye has updated its 2023 fiscal year guidance to reflect a meaningful reduction in expectations for SuperVision volumes in 2023, impacting the midpoint of annual Revenue, Operating Loss, and Adjusted Operating Income guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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