Loading...
•
Dec 30, 2023
Mobileye Q4 2023 Earnings Report
Mobileye's fourth quarter performance was very strong across the board, but was overshadowed by customer inventory build-up.
Key Takeaways
Mobileye released its Q4 and full-year 2023 financial results, with strong fourth-quarter performance impacted by customer inventory build-up. The company achieved significant design wins and expanded its vehicle model pipeline.
Fourth quarter performance was very strong.
Anticipates meaningful improvement in Q2 revenue and normalization in the second half of 2024.
Achieved design wins projected at $7 billion of incremental future estimated revenue for a second consecutive year.
Expanded the vehicle model pipeline for SuperVision and Chauffeur from 9 to approximately 30.
Mobileye
Mobileye
Forward Guidance
Mobileye expects revenue normalization in the second half of 2024.