Mobileye Q2 revenue $439M (-3% YoY); cuts H2 volume outlook by ~3.5M units on China weakness

Mobileye Global Inc.

2024-Q2 EPS reported -$0.38 revenue$678,000,000

Revenue $439M, down 3% YoY; GAAP diluted EPS ($0.11); adjusted diluted EPS $0.09.
EyeQ volume expectation for H2 2024 reduced by ~3.5M units due to China macro and delayed ADAS launch.
SuperVision volume also reduced due to US/EU tariffs; expanded Zeekr collaboration announced.
Gross margin 48% (GAAP), adjusted gross margin 69%; operating loss $94M vs $33M YoY.
Capital Markets Day scheduled Dec 9-10, 2024 in Munich.

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