---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-051512"
form_type: "8-K"
ticker: "MBLY"
cik: "0001910139"
company_name: "Mobileye Global Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:17:35.659536+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mobileye Q1 revenue falls 48% to $239M; GAAP EPS loss $0.27, adjusted loss $0.07

## Summary
- Revenue of $239M declined 48% YoY due to inventory drawdown at Tier 1 customers; EyeQ SoC-related revenue dropped 58%.
- GAAP gross margin 23% (down 2,260 bps); adjusted gross margin 62% (down 876 bps) on higher SuperVision mix.
- Operating cash flow $40M; cash and equivalents $1.2B with zero debt as of March 30, 2024.
- Volkswagen Group announced multi-billion dollar award for SuperVision, Chauffeur, and Drive products.
- EyeQ6L production-candidate shipments achieved; design wins reached record projected volume of 26M units in Q1.

## SEC filing metadata
- accession: 0001104659-24-051512
- form_type: 8-K
- ticker: MBLY
- cik: 0001910139
- company_name: Mobileye Global Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1910139/000110465924051512/0001104659-24-051512-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1910139/000110465924051512/tm2412284d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-051512
- JSON: https://secwatch.observer/filing/0001104659-24-051512.json
- Plain text: https://secwatch.observer/filing/0001104659-24-051512.txt

## Key facts
- Earnings Releases
  Mobileye Global Inc. reported first quarter 2024 results: revenue $239 million, net income $(218) million, EPS $(0.27) per diluted share.
  - Period: first quarter 2024
  - Revenue: $239 million
  - Net income: $(218) million
  - EPS: $(0.27) per diluted share
  - Result: reported results
  source text: 2 tm2412284d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Mobileye Releases First Quarter 2024 Results and Provides Business Overview · Revenue decreased 48% year over year to $239 million in the first quarter due to the significant drawdown of inventory at our Tier 1 customers announced earlier this year. · Diluted EPS (GAAP) was $(0.27) and Adjusted Diluted EPS
  evidence_url: https://www.sec.gov/Archives/edgar/data/1910139/000110465924051512/0001104659-24-051512-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.