secwatch.observer — SEC 8-K summary
======================================

Issuer:     Mobileye Global Inc. (MBLY)
CIK:        0001910139
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001104659-23-084516
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1910139/000110465923084516/0001104659-23-084516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1910139/000110465923084516/tm2321797d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-084516

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer