Mobileye Global Inc (MBLY) Q4 2024 Earnings Report

Mobileye Global Inc, a leader in advanced driver-assistance systems (ADAS), reported a revenue of $490 million for Q4 2024, marking a 0.82% increase quarter-over-quarter and an impressive 105.02% increase year-over-year. Despite the significant revenue growth, the company posted a net loss of $71 million, resulting in an EPS of -$0.0875, reflecting challenges surrounding inventory digestion. According to CEO Prof. Amnon Shashua, operating cash flow was robust, finishing at $400 million for 2024, consistent with the prior year, highlighting effective working capital management despite ongoing market adjustments. Furthermore, Mobileye remains focused on strategic growth opportunities in its core markets, particularly in China, which is pivotal to the company’s long-term outlook.