NASDAQ$MBLY

Mobileye Global Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Mobileye's financial performance reflected a focus on strategic objectives amidst a challenging near-term growth environment.

Mobileye reported its Q3 2024 financial results, emphasizing a focus on core strategic objectives including maintaining ADAS market position, strengthening relationships with top customers, and executing EyeQTM6-based advanced products. The company acknowledged a challenging near-term growth environment but expressed confidence in medium- and long-term opportunities.

  • Focused on maintaining and growing ADAS position outside of domestic China.
  • Deepening relationships with top 10 customers through advanced product design wins.
  • Executing EyeQTM6-based advanced products leveraging Mobileye's competitive advantages.
  • Objectives are focused on medium- and long-term opportunities.

Headline financials

Total Revenue

$486M

Previous: $530M-8.3%
EPS

-$3.35

Previous: $0.22-1622.7%
EyeQ & SuperVision Rev

$457M

No prior period
Systems Shipped

8.6M

No prior period
Avg System Price

$53.30

No prior period
Gross Margin

49.0%

No prior period
Capital Expenditures

-$68M

Previous: -$75M+9.3%
Free Cash Flow

-$2.78B

Previous: -$58M-4698.3%
Net Income

-$2.72B

Previous: $17M-16070.6%
Operating Income

-$2.81B

Previous: $8M-35187.5%
Gross Profit

$237M

Previous: $272M-12.9%
Cash & Equivalents

$1.29B

Previous: $1.19B+8.4%
Total Assets

$12.6B

Previous: $15.5B-18.7%
R&D Expense

$303M

No prior period
Stock-Based Comp

$79M

Previous: $63M+25.4%

Revenue & EPS history

Mobileye · Revenue · Quarterly

$486M

Q3 2024-8.3%vs Q3 2023
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

Mobileye provided financial guidance for the 2024 fiscal year, with expectations unchanged from the previous disclosure except for Operating Loss due to a goodwill impairment.

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 Q3 2024

Historical avgQ3 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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