NASDAQ$MBLY

Mobileye Global Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Mobileye's financial performance in Q1 2024 reflected a supply chain reset as customers consumed excess inventory.

Mobileye's Q1 2024 financial results reflect a supply chain reset with revenue recovery appearing on track. The company achieved a record level of design wins in base and cloud-enhanced ADAS and expanded its SuperVision and Chauffeur development pipeline.

  • Financial results reflect a supply chain reset as excess inventory held by customers is consumed.
  • Revenue recovery appears to be on track as laid out in January.
  • Achieved a record level of design wins in base and cloud-enhanced ADAS due to new features and technology in the EyeQ6L product.
  • Expanded SuperVision and Chauffeur development pipeline, highlighted by the Volkswagen Group design win.

Headline financials

Total Revenue

$239M

Previous: $458M-47.8%
EPS

-$0.27

Previous: $0.14-292.9%
Avg System Price

$61.00

Previous: $82.00-25.6%
Capital Expenditures

-$22M

Previous: -$26M+15.4%
Free Cash Flow

-$240M

Previous: -$105M-128.6%
Net Income

-$218M

Previous: -$79M-175.9%
Operating Income

-$238M

Previous: -$81M-193.8%
Gross Profit

$54M

Previous: $207M-73.9%
Cash & Equivalents

$1.22B

Previous: $1.16B+5.3%
Total Assets

$15.3B

Previous: $15.5B-0.8%
R&D Expense

$243M

No prior period
Stock-Based Comp

$62M

Previous: $72M-13.9%

Revenue & EPS history

Mobileye · Revenue · Quarterly

$239M

Q1 2024-47.8%vs Q1 2023
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

Mobileye's expectations for Revenue, Operating Loss and Adjusted Operating Income results for the year ending December 28, 2024 which is unchanged from the expectations first disclosed on January 4, 2024 and reaffirmed in our January 25, 2024 press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.6%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+25.4%

Q3 2024

Best reaction

-24.0%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.0%+14.6%+28.7%
Q4 2025-3.4%-7.4%-16.8%
Q3 2025-1.7%-6.3%-21.9%
Q1 2025+9.8%+13.0%+18.3%
Q4 2024+1.9%-0.6%-1.6%
Q3 2024+25.4%+22.6%+45.3%
Q2 2024-24.0%-25.6%-32.0%
Q1 2024-6.2%-11.5%-17.5%
Q4 2023+2.8%-5.0%-14.0%
Q3 2023+3.2%+5.0%+28.3%
Q2 2023-5.9%-5.5%-14.4%
Q1 2022-6.1%-7.0%+3.2%
Q1 2023-12.6%-14.6%+4.8%
Q2 2022-3.7%+2.4%-1.6%
Q4 2020-3.7%+2.4%-1.6%
Q4 2022+5.4%+13.7%+11.5%
Q3 2022+3.6%+8.4%+3.7%
Q3 2021+3.6%+8.4%+3.7%
Q4 2021+3.6%+8.4%+3.7%
Q2 2021
Q1 2021
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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