Mobileye Q2 revenue down 1% to $454M; GAAP EPS -$0.04, adjusted EPS $0.17

Mobileye Global Inc.

2023-Q2 EPS reported -$0.13 revenue$912,000,000

GAAP operating loss $33M vs income $10M a year ago; adjusted operating income $140M, down 23%.
Gross margin 49% flat YoY; adjusted gross margin 72%, down 3pp on higher EyeQ chip costs.
Main customer de-stocked SuperVision units in Q2; near-term launches remain on track with 5 models by Q1 2024.
Porsche SuperVision design win announced; VW Group expanding cloud-enhanced ADAS and Drive testing.
Balance sheet strong with $1.1B cash, zero debt; operating cash flow $197M for six months.

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 quarter ended July 1, 2023 results: revenue $454 million, net income $ (28), EPS $(0.04).

Period: the quarter ended July 1, 2023
Revenue: $454 million
Net income: $ (28)
EPS: $(0.04)
Result: reported results

Exact text from the filing

EXHIBIT 99.1 Exhibit 99.1 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 EPS (GAAP) was $(0.04) and Adjusted

View on SEC.gov

Browse all earnings releases →

Mobileye Global Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-084516

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.