8-K
filed January 4, 2024, 6:59 PM ET
ticker MBLY
CIK 0001910139
earnings
confidence high
sentiment negative
materiality 0.85
Mobileye FY2024 revenue outlook $1.83-1.96B, down ~11% from 2023; Q1 rev expected ~50% lower YoY
Mobileye Global Inc.
2023-FY EPS reported
-$0.03
revenue$2,079,000,000
- FY2023 revenue $2,076-2,080M, adjusted operating income $687-693M, above prior guidance $648-665M.
- FY2024 revenue outlook $1,830-1,960M; expects 6-7M EyeQ units excess customer inventory to normalize in 2024.
- Q1 2024 revenue expected ~$229M (down ~50% from Q1 2023 $458M) due to inventory drawdown.
- FY2024 adjusted operating income $270-360M; Q1 2024 adjusted operating loss $65-80M.
- SuperVision shipments guided to 175k-195k units in 2024 (vs ~100k in 2023); EyeQ shipments 31-33M (vs 37M).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Mobileye Global Inc. reported preliminary financial results for the fiscal year ended December 30, 2023.
- Period
- the fiscal year ended December 30, 2023
- Result
- preliminary results
Exact text from the filing
On January 4, 2024 Mobileye Global Inc. (the “Company”) issued a press release announcing preliminary financial results for the fiscal year ended December 30, 2023 and a preliminary financial outlook for the fiscal year ending December 28, 2024.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Mobileye Global Inc. reported preliminary financial results for the fiscal year ended December 30, 2023.
- Period
- the fiscal year ended December 30, 2023
- Result
- preliminary results
Exact text from the filing
Mobileye Releases Preliminary FY2023 Financial Results and Initial 2024 Outlook
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Mobileye Global Inc. updated its the fiscal year ending December 28, 2024 guidance (initiated).
- Period
- the fiscal year ending December 28, 2024
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
a preliminary financial outlook for the fiscal year ending December 28, 2024
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Mobileye Global Inc. updated its the fiscal year ending December 28, 2024 guidance (initiated).
- Period
- the fiscal year ending December 28, 2024
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
In FY2024 we expect total revenue in the range of $1,830 - $1,960 million.
View on SEC.gov
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