MBLY
Mobileye Global Inc
Q4 2024 Report
Mobileye Global Inc (MBLY) Q4 2024 Results: Steady Performance Amidst Market Pressures...
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Executive Summary
Mobileye Global Inc. (NASDAQ: MBLY) reported Q2 2024 revenue of $439 million, reflecting a robust 84% growth over Q1 despite a 3% year-over-year decline. The quarter showed mixed results in their autonomous driving segment, focusing on Advanced Driver Assistance Systems (ADAS) amid challenges arising from market dynamics in China. Management’s commentary highlighted a commitment to maintaining long-term growth via innovations and collaborations while addressing near-term military uncertainties. The adjusted operating margin showed significant recovery at 18%, signaling improved efficiency after a difficult Q1. Investors should focus on Mobileye’s ability to adapt to market changes, particularly with their eye on future demand in the highly competitive automotive sector.
Key Performance Indicators
Revenue
439.00M
QoQ: 0.00% | YoY:-17.17%
Gross Profit
320.00M
72.89% margin
QoQ: -34.69% | YoY:-23.16%
Operating Income
-94.00M
QoQ: 0.00% | YoY:-1 275.00%
Net Income
-86.00M
QoQ: 0.00% | YoY:-605.88%
EPS
-0.11
QoQ: 0.00% | YoY:-621.33%
Revenue Trend
Margin Analysis
Key Insights
1. Revenue: $439 million (QoQ +84%, YoY -3%) 2. Gross Profit: $320 million with a gross margin of 72.89%, reflecting normalized inventory at Tier 1 partners. 3. Operating Income: -$94 million, showing improvement from Q1 (-27% to 18% operating margin in Q2). 4. Net Income: -$86 million with a diluted EPS of -$0.11. 5. Cash flow from operations: $29.43 million, despite net income being negative. 6. Cash at end of period: $1.203 billion, signifying solid liquidity. 7. R&D Expense: $256 million...