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Mobileye Releases First Quarter 2024 Results and Provides Business Overview

Mobileye Releases First Quarter 2024 Results and Provides Business Overview
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Intel Spinoff Mobileye Revenue Falls Amid Supply Chain Reset, CEO Optimistic About Recovery

Mobileye Global Inc (NASDAQ:MBLY) reported a fiscal first-quarter 2024 revenue decline of 48% year-on-year to $239.00 million, beating the consensus of $231.56 million. Adjusted EPS of $(0.07) missed the consensus loss of $(0.06). “The financial results in the first quarter reflect a supply chain reset as the excess inventory held by our customers is consumed. We are encouraged that the inventory drawdown and associated recovery in revenue appears to be on-track to what we laid out in January,” ....

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Mobileye Releases Fourth-Quarter and Full-Year 2023 Results and Provides Business Overview

Revenue increased 13% year over year to $637 million in the fourth quarter, consistent with the preliminary results provided on January 4th, 2024.

Operating Income and Adjusted Operating Income. ....

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Mobileye Releases Third Quarter 2023 Results, Updates Guidance and Provides Business Overview

Revenue increased 18% year over year to $530 million in the third quarter.

Operating Income and Adjusted Operating Income improved substantially versus the third quarter of 2022.

Diluted EPS . ....

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Mobileye Discloses Second Quarter 2023 Results, Updates Guidance and Provides Business Update

Revenue decreased 1% year over year to $454 million in the second quarter.

Operating Margin and Adjusted Operating Margin both improved meaningfully versus the first quarter of 2023.

Diluted. ....

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