earnings
confidence high
sentiment negative
materiality 0.85
Mobileye Q3 revenue down 8% to $486M; GAAP EPS ($3.35) on $2.6B goodwill impairment; adjusted EPS $0.10
Mobileye Global Inc.
2024-Q3 EPS reported
-$3.74
revenue$1,164,000,000
- Revenue $486M (-8% YoY); full-year 2024 revenue guidance midpoint unchanged.
- GAAP diluted EPS ($3.35) from $2.6B goodwill impairment triggered by market cap decline.
- Adjusted diluted EPS $0.10, down 57% YoY from $0.22.
- Top-10 customers represent >80% volume; design wins extend through early 2030s.
- Wind-down of FMCW Lidar; expects adjusted opex at/below Q3 level in 2025.