Financial Data and Key Metrics - Q3 revenue increased by 11% sequentially compared to Q2, indicating normalized inventory levels at customers [5] - Year-over-year revenue decline in Q3 was fully accounted for by a 9% reduction in EyeQ volumes [6] - Operating expenses annualized at slightly over $1 billion in Q3, with expectations to be below this level in 2025 due to efficiency actions [7] - Operating cash flow was $126 million in Q3, with similar performance expected in Q4 [7] - Gross margin declined by 1 point, mainly due to lower EyeQ ASPs and higher EyeQ-related costs per unit, partially offset by higher SuperVision gross margins [25] Business Line Data and Key Metrics - Shipments to top 10 customers were down 4% globally, outperforming OEMs' overall production decline of 9% in Q3 [6] - Volume to automakers outside the top 10, mainly domestic China OEMs, was down around 50% [6] - SuperVision volume in Q4 is expected to be around 15,000 units, with half coming from Q4 [31] - EyeQ volumes for 2024 are expected to be between 28.4 million and 28.8 million units, with SuperVision volumes between 110,000 to 120,000 units [30] Market Data and Key Metrics - China represented about 20% of overall revenue in Q3, split between EyeQ units to local China OEMs (3%), EyeQ units to non-Chinese OEMs producing in China (12%), and SuperVision for vehicles sold in China (5%) [32] - In Q4, China is expected to represent a similar percentage of revenue, with SuperVision units for vehicles sold in China representing about 2% of revenue [33] Company Strategy and Industry Competition - Strategic objectives include securing long-term ADAS position with core customers, deploying EyeQ5-based SuperVision in China, and developing EyeQ6-based products [8][9] - The company has achieved follow-on ADAS design wins from all top 10 customers, extending business into the early 2030s [11] - Regulatory environment is creating tailwinds, with end-of-decade testing protocols expected to require more sophisticated ADAS systems [12] - The successful launch of SuperVision in China has led to interest from global customers, including Volkswagen Group [13][14] Management Commentary on Operating Environment and Future Outlook - The company expects advanced products to lead to a major acceleration of growth beginning in the second half of 2026 [15] - Management remains confident in converting pre-design win engagements into production agreements, citing C-suite endorsement and OEM commitment [15] - The company is increasingly confident in its AI-driven software stack and EyeQ6 High execution, which is driving progress towards design wins [16] Other Important Information - The company will host a Capital Markets Day in Munich in December, featuring demonstrations of current and future technologies [19][20] - The company has posted detailed presentations on its technology approach, including its compound AI methodology, on its YouTube page [18] Q&A Session Summary Question: SuperVision and Chauffeur volumes for 2025 [35] - The company expects 2025 to benefit from resolution of inventory digestion in the first half of 2024, with a focus on top 10 customers' production growth or decline [36][37] - Visibility on 2025 SuperVision volumes is limited due to volatility, with more details expected in January or at the investor day in December [40] Question: Core ADAS growth in western customers [42] - The company expects to outgrow top 10 customers' global production by mid-single digits due to ADAS adoption growth and increasing market share [43] - Regulatory push for more sophisticated ADAS systems is expected to drive ASP growth in the coming years [46] Question: Customer engagements with advanced solutions [49] - No decisions have been made against the company in the past 90 days, with continued progress in advanced product engagements [49] - OEMs are securing necessary components for advanced solutions, indicating strong commitment [50] Question: Inventory levels and cyclical environment [53] - Inventory levels have normalized, with Q3 and Q4 reflecting market demand [54][55] - Production decreases in some OEMs were offset by better performance from China local OEMs [56] Question: 2026 program launches and take rates [57] - The company is on track with project milestones for 2026 launches, with more details to be provided at the Capital Markets Day [57][58] Question: Intervention thresholds for autonomous driving [60] - The company is working towards an intervention rate of 1000 hours for the camera subsystem in EyeQ6, with further improvements expected with active sensors [62] - A comprehensive safety outlook will be published, with more details at the Capital Markets Day [61] Question: Competitive pressures from Tesla [65] - Tesla's Robotaxi Day has reinforced the viability of Robotaxis, with the company highlighting its own Robotaxi activity and partnerships [65][66] - OEMs are increasingly interested in advanced ADAS systems, with the company well-positioned to meet future demands [69][70] Question: 2025 SuperVision volume trends [73] - The current run rate is a good starting point for 2025, with upside potential from new customers and downside risks from Chinese OEMs [74] Question: Earnings power and R&D funding [77] - The company's Q3 OpEx of $1 billion is sufficient to meet future goals, with no need for significant increases in 2025 [79] - The company has a strong cash position of $1.4 billion to support growth and acquisitions [83] Question: Emerging market chipsets [85] - The company is working on cost-optimized systems for emerging markets, with production readiness expected within a year [87] - Progress has been made in India, with the company well-positioned to lead the market [89] Question: Sensor evolution over the next decade [90] - Imaging radar is seen as a key sensor, with production on track for next year [91] - The company is using cameras, radar, and LiDAR in its current systems, with potential for future optimization [92] Question: Zeekr's in-house system [96] - Zeekr's in-house system has similar performance to the company's SuperVision but at twice the cost [97] - The company continues to benefit from its relationship with Zeekr, particularly in building REM in China [99] Question: Challenges in building REM in China [100] - The company has been compliant with local standards and will continue to work with local map providers to ensure compliance [101] Question: Competitive environment at higher autonomy levels [102] - As autonomy levels increase, the competitive environment is expected to decrease due to the complexity of achieving high precision and safety [103][104] - The company's technology and execution capabilities give it a strong competitive advantage [106] Question: SuperVision volumes for Q3 [111] - SuperVision volumes for Q3 were around 30,000 units [111] Question: Waymo's 150,000 rides per week [113] - Waymo's success is seen as encouraging for the Robotaxi industry, with the next challenge being economies of scale [114][115] Question: EU tariffs on Chinese OEMs [117] - The EU tariffs were expected and have already been reflected in the company's metrics [118] Question: ASP drop and EyeQ mix [120] - No significant changes in ASP trajectory are expected, with volatility in EyeQ mix due to inventory issues [121] - EyeQ6 Lite is not expected to cannibalize SuperVision shipments, as it targets a different market segment [124]

Mobileye Global (MBLY) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.08 per share when it actually produced earnings of $0.09, delivering ...

Third Quarter 2024 Earnings October 31, 2024 Forward-Looking Statements Certain statements in this presentation that are not historical in nature may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forwardlooking statements can be identified by the use of forward-looking or conditional words such as "expects," "anticipates," "believes," "estimates," "could," "should," "can," "forecast," "intend," "look," "may," "will," "remai ...

Exhibit 99.1 Mobileye Releases Third Quarter 2024 Results and Provides Business Overview · Revenue decreased 8% year over year to $486 million in the third quarter. Revenue increased 11% versus the second quarter of 2024. Full year 2024 revenue guidance, at the midpoint, is unchanged compared to prior guidance. · Diluted EPS (GAAP) was $(3.35) and Adjusted Diluted EPS (Non-GAAP) was $0.10 in the third quarter of 2024. GAAP EPS was impacted by a non-cash impairment loss related to the Goodwill asset on our b ...

Mobileye Global Inc. (MBLY) is slated to release third-quarter 2024 results on Oct. 31, before market open. The Zacks Consensus Estimate for the to-be-reported quarter's earnings per share and revenues is pegged at 9 cents and $481.74 million, respectively. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar. For the to-be-reported quarter, the consensus estimate for Mobileye's earnings per share has moved down by 7 cents in the past 90 days. Its bottom line is expected to decline 59.09 ...

Investors interested in Automotive - Original Equipment stocks are likely familiar with Valeo S.A. (VLEEY) and Mobileye Global (MBLY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings esti ...

Key Takeaways JPMorgan downgraded Mobileye, citing concerns about the ramp up of its SuperVision driver-assistance system. The analysts lowered the rating to "underweight" and reduced the price target by $6 to $10. The bank's new price target is substantially below Wall Street's average, according to Visible Alpha data. Shares of Mobileye (MBLY) dropped Monday after JPMorgan downgraded the company, citing doubts about the growth prospects of its SuperVision driver-assistance system. The bank reduced its rat ...

A November victory for Democratic Party presidential nominee Kamala Harris could light a fire under three game-changing businesses. In just a shade over a month, on Nov. 5, voters will head to the polls or mail in their ballots to determine who'll lead our country for the next four years. Though not everything that happens in Washington, D.C., has bearing on Wall Street, the economic policies put into place by the incoming president and Congress do help shape the landscape for corporate America, and will, u ...

Mobileye (NASDAQ: MBLY ) is an autonomous vehicle technology company that started in computer vision for safety features before gradually expanding to offer a comprehensive suite of solutions, including investments in a robotaxi service. Mobileye's near-term opportunity will be driven by ADAS as Richard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk a ...

Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of Valeo S.A. (VLEEY) and Mobileye Global (MBLY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ou ...