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Sep 28, 2024
Mobileye Q3 2024 Earnings Report
Mobileye's financial performance reflected a focus on strategic objectives amidst a challenging near-term growth environment.
Key Takeaways
Mobileye reported its Q3 2024 financial results, emphasizing a focus on core strategic objectives including maintaining ADAS market position, strengthening relationships with top customers, and executing EyeQTM6-based advanced products. The company acknowledged a challenging near-term growth environment but expressed confidence in medium- and long-term opportunities.
Focused on maintaining and growing ADAS position outside of domestic China.
Deepening relationships with top 10 customers through advanced product design wins.
Executing EyeQTM6-based advanced products leveraging Mobileye's competitive advantages.
Objectives are focused on medium- and long-term opportunities.
Forward Guidance
Mobileye provided financial guidance for the 2024 fiscal year, with expectations unchanged from the previous disclosure except for Operating Loss due to a goodwill impairment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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