secwatch.observer — SEC 8-K summary
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Issuer:     Mobileye Global Inc. (MBLY)
CIK:        0001910139
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001104659-24-001137
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mobileye FY2024 revenue outlook $1.83-1.96B, down ~11% from 2023; Q1 rev expected ~50% lower YoY
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1910139/000110465924001137/0001104659-24-001137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1910139/000110465924001137/tm241545d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-001137

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