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Mobileye's Q4 2022 saw a 59% overall revenue growth due to increased volumes of advanced solutions and higher average system prices. The company is investing heavily in productizing and launching advanced solutions, with confidence in delivering high returns.
Ramping volumes of advanced solutions significantly impacted financial performance.
Higher average system price amplified strong volume growth.
OEM customers are increasingly recognizing the scalability of Mobileye’s product portfolio.
Mobileye has a clear, multi-pronged approach for data-driven validation.
Mobileye expects to continue investing heavily in 2023 to productize and launch advanced solutions, while maintaining strong profitability.