Mobileye Releases First Quarter 2024 Results and Provides Business Overview
Mobileye Global Inc. (MBLY)
US:NYSE Investor Relations:
ir.mobileye.com/investor-relations/default.aspx
Company Research
Source: Business Wire
Revenue decreased 48% year over year to $239 million in the first quarter due to the significant drawdown of inventory at our Tier 1 customers announced earlier this year.Diluted EPS (GAAP) was $(0.27) and Adjusted Diluted EPS (Non-GAAP) was $(0.07) in the first quarter.Inventory consumption and the expected quarterly cadence of EyeQTM SoC deliveries over the course of 2024 remains on-track with our prior guidance.Announcement by Volkswagen Group of a wide-ranging production award for our advanced products in the first quarter led to an expansion of the pipeline of advanced discussions with other global OEMs.Generated net cash from operating activities of $40 million in the first quarter. Our balance sheet is strong with $1.2 billion of cash and cash equivalents and zero debt as of March 30, 2024. JERUSALEM--(BUSINESS WIRE)--Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today released its financial results for the three months ended March 30, 2024.“The financial results in the f
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News
- Mobileye Global Inc. (NASDAQ:MBLY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target lowered by analysts at Citigroup Inc. from $58.00 to $53.00. They now have a "buy" rating on the stock.MarketBeat
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target raised by analysts at Piper Sandler from $31.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target raised by analysts at Canaccord Genuity Group Inc. from $31.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
- Mobileye Global Inc. (NASDAQ: MBLY) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $36.00 price target on the stock.MarketBeat
MBLY
Earnings
- 4/25/24 - Beat
MBLY
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- MBLY's page on the SEC website