Mobileye Q4 revenue $637M (+13% YoY), adj. EPS $0.28; warns of 2024 customer inventory overhang

Mobileye Global Inc.

2023-FY EPS reported -$0.03 revenue$2,079,000,000

Revenue $637M, +13% YoY; GAAP EPS $0.08, adjusted EPS $0.28; operating income $73M, adjusted $247M.
2023 design wins projected $7.4B future revenue across 61M units, more than 3.5x 2023 revenue.
CEO cites strong Q4 but warns customer inventory build-up will pressure 2024 growth; expects normalization in H2.
SuperVision shipments >100k units in 2023; pipeline expanded from 9 to ~30 models; Chauffeur won 3 programs.
Balance sheet: $1.2B cash, zero debt; operating cash flow $394M for FY 2023.

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 0.95

Mobileye Global Inc. reported quarter and year ended December 30, 2023 results: revenue $637 million, net income $63 million, EPS $0.08.

Period: quarter and year ended December 30, 2023
Revenue: $637 million
Net income: $63 million
EPS: $0.08
Result: reported results

Exact text from the filing

EXHIBIT 99.1 Exhibit 99.1 Mobileye Releases Fourth-Quarter and Full-Year 2023 Results and provides Business Overview · Revenue increased 13% year over year to $637 million in the fourth quarter, consistent with the preliminary results provided on January 4th, 2024. · Operating Income and Adjusted Operating Income improved significantly versus the

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Mobileye Global Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-006467

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