The earnings call highlighted several strategic wins and operational efficiencies, alongside significant challenges in the China market and a year-over-year revenue decline. While there are promising signs of recovery and strategic positioning for future growth, current market challenges have impacted performance.

Company Guidance

During Mobileye's Q3 2024 earnings call, the company provided a comprehensive outlook, emphasizing several key metrics. Despite an 8% year-over-year revenue decline, the company reported an 11% sequential increase in revenue from Q2, indicating normalized inventory levels at customer sites. Operating expenses were annualized at slightly over $1 billion for Q3, with expectations to reduce below this level in 2025 following strategic efficiency actions. The company's operating cash flow was robust at $126 million for Q3, compared to $70 million in the first half of 2024, with similar performance anticipated for Q4. Mobileye maintained its 2024 revenue guidance, expecting EyeQ volumes between 28.4 million and 28.8 million units and SuperVision volumes between 110,000 to 120,000 units for the year. The company also discussed strategic objectives, including securing long-term positions with core customers, expanding advanced product portfolios, and maintaining high profitability, setting the stage for major growth in 2026 and beyond.

11% Sequential Revenue Increase

Revenue increased by 11% sequentially from Q2 to Q3 2024, indicating normalized customer inventory levels.

Operating Cash Flow Growth

Operating cash flow was $126 million in Q3 2024, significantly higher than the $70 million total over the first half of 2024.

Strategic ADAS Wins

Secured follow-on ADAS design wins from top 10 customers that represent more than 80% of volume, extending business into the 2030s.

Advanced Product Engagements

Pre-design win engagements for advanced products with 9 out of the top 10 customers and several other OEMs.

Cost Optimization and Efficiency

Actions to discontinue in-house LIDAR development and other efficiency measures are expected to reduce operating expenses below 2024 levels by 2025.

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Mobileye Global, Inc. Class A (MBLY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MBLY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 23, 2025	2024 (Q4)	0.11 / -	0.28	―	―	―
Oct 31, 2024	2024 (Q3)	0.10 / 0.10	0.22	-54.55% (-0.12)	―
Aug 01, 2024	2024 (Q2)	0.08 / 0.09	0.17	-47.06% (-0.08)	―
Apr 25, 2024	2024 (Q1)	-0.06 / -0.07	0.14	-150.00% (-0.21)	―
Jan 25, 2024	2023 (Q4)	0.27 / 0.28	0.27	3.70% (+0.01)	―
Oct 26, 2023	2023 (Q3)	0.17 / 0.22	0.152	44.74% (+0.07)	―
Jul 27, 2023	2023 (Q2)	0.12 / 0.17	0.19	-10.53% (-0.02)	―
Apr 27, 2023	2023 (Q1)	0.13 / 0.14	-0.099	241.41% (+0.24)	―
Jan 26, 2023	2022 (Q4)	0.17 / 0.27	-0.099	372.73% (+0.37)	―
Dec 07, 2022	2022 (Q3)	0.12 / 0.15	0.005	2940.00% (+0.15)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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MBLY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$12.42	$13.61	+9.58%
Aug 01, 2024	$21.00	$16.28	-22.48%
Apr 25, 2024	$31.12	$30.90	-0.71%
Jan 25, 2024	$27.62	$27.95	+1.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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