Mobileye Q1 revenue up 16% to $458M; cuts 2023 SuperVision forecast on China EV headwinds

Mobileye Global Inc.

2023-Q1 EPS reported -$0.10 revenue$458,000,000

GAAP diluted EPS $(0.10) loss vs $(0.08) in Q1 2022; adjusted diluted EPS $0.14, down from $0.16.
Revenue $458M (+16% YoY); EyeQ revenue grew 11%, SuperVision drove remainder.
Reduced 2023 SuperVision shipment guidance due to lower EV demand in China, impacting annual outlook.
Operating cash flow $171M; cash and equivalents $1.2B, zero debt as of April 1, 2023.
SuperVision launches on track: Polestar 4 in Q4 2023, Zeekr 001 Europe late 2023; design win pipeline expected >$6.7B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mobileye Global Inc. reported the three months ended April 1, 2023 results: revenue $458 million, net income $ (79 ), EPS $(0.10).

Period: the three months ended April 1, 2023
Revenue: $458 million
Net income: $ (79 )
EPS: $(0.10)
Result: reported results

Exact text from the filing

EXHIBIT 99.1 Exhibit 99.1 Mobileye Discloses First Quarter 2023 Results, Updates 2023 Guidance and Provides Business Update · Revenue increased 16% year over year to $458 million in the first quarter. · Diluted EPS (GAAP) was $(0.10) and Adjusted Diluted EPS (Non-GAAP) was $0.14 in the first quarter. · Average System Price 1 increased to $53.9 in the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mobileye Global Inc. updated its 2023 guidance (lowered).

Period: 2023
Guidance: lowered
Result: guidance update

Exact text from the filing

Due to a number of headwinds lowering EV demand in China, we have reduced our 2023 SuperVision shipment forecast which is negatively impacting our annual financial guidance as explained below.

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Source: SEC EDGAR

accession 0001104659-23-050649

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