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Intel Spinoff Mobileye Revenue Falls Amid Supply Chain Reset, CEO Optimistic About Recovery [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
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,” said Mobileye President and CEO Prof. Amnon Shashua. EyeQ and SuperVision revenue was $219 million vs. $438 million a year ago. The Average System Price was $61.0, down from $53.9 in the prior year. Number of systems shipped plunged to 3.6 million, down from 8.1 million a year ago. Also Read: Mobileye Ends Retrofit ADAS Business, Redirects Resources Towards Advanced Autonomous Tech Gross margin declined by 2,260 bps to 23%, while adjusted gross margin decreased by 876 bps to 62%, primarily due to the increase in revenue attributable to SuperVision. Adjusted operating margin loss was (27)%, primarily due to lower gross margin. Mo
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