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Mar 30, 2024
Mobileye Q1 2024 Earnings Report
Mobileye's financial performance in Q1 2024 reflected a supply chain reset as customers consumed excess inventory.
Key Takeaways
Mobileye's Q1 2024 financial results reflect a supply chain reset with revenue recovery appearing on track. The company achieved a record level of design wins in base and cloud-enhanced ADAS and expanded its SuperVision and Chauffeur development pipeline.
Financial results reflect a supply chain reset as excess inventory held by customers is consumed.
Revenue recovery appears to be on track as laid out in January.
Achieved a record level of design wins in base and cloud-enhanced ADAS due to new features and technology in the EyeQ6L product.
Expanded SuperVision and Chauffeur development pipeline, highlighted by the Volkswagen Group design win.
Forward Guidance
Mobileye's expectations for Revenue, Operating Loss and Adjusted Operating Income results for the year ending December 28, 2024 which is unchanged from the expectations first disclosed on January 4, 2024 and reaffirmed in our January 25, 2024 press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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