Mobileye, a maker of chips for driver-assistance features, is warning of a coming drop in sales and earnings. Photo: patrick t. fallon/Agence France-Presse/Getty ImagesSome collisions are hard to avoid—even when you see them coming. The severe shortages in automotive chips caused by the onset of the Covid pandemic in 2020 have continued to reverberate. Those shortages helped elevate chip-industry revenue over the past three years, as automakers and their top suppliers sought to build up inventory to avoid b ...

Key TakeawaysMobileye Global Inc.'s full-year revenue guidance came in well short of analysts' estimates. The company attributed the gap to customers holding on to a backlog of products.The maker of autonomous vehicle technology said that supply-chain issues and lower original equipment manufacturer (OEM) production led customers to stock up.Shares of Mobileye dropped Thursday to their lowest level in a year, losing a quarter of their value by midday.Shares of Mobileye Global Inc. (MBLY) lost a quarter of t ...

Mobileye signage during the company's IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million.Mobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically for the first quarter of 2024.Shares plunged as mu ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Shares of Mobileye Global Inc. were tanking in Thursday’s premarket action after the company, which makes self-driving technology, issued a revenue warning as its customers deal with excess inventory. Mobileye MBLY, -3.92% expects first-quarter revenue to fall about 50% from the $458 million that it reported in the year-earlier period. Analysts tracked by FactSet had expected revenue to rise to $557 million for the period. The company disclosed in a press release that it has “become aware of excess inve ...

JERUSALEM--(BUSINESS WIRE)--Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today releases preliminary FY2023 results and a preliminary financial outlook for FY2024. FY2023 and Q4 2023 Preliminary Financial Results The table below sets forth preliminary estimated financial results for our fourth quarter and full year of 2023. We have not yet finalized our financial results for the fourth quarter and our actual results could differ from those set forth below as we complete our financial close and our audi ...

Michael M. Santiago/Getty Images News Investment Thesis The growth rate of Mobileye (NASDAQ:MBLY) seems to have cooled a bit down in the last year. However, this is arguably because it is the calm before the storm with regards to the adoption of next-gen (partly) autonomous driving systems. These have a price of between 1 and 2 orders of magnitude larger than legacy ADAS solutions. As such, the potential for Mobileye to literally grow 10x in revenue over time remains very real. Background In my previous ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-41541 Mobileye Global Inc. (Exact name of registrant as specified in its charter) Delaware 88-0666433 (State or other juri ...

Mobileye Global Inc. (NASDAQ:MBLY) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Dan Galves - Chief Communications Officer Amnon Shashua - President & Chief Executive Officer Moran Shemesh Rojansky - Acting Chief Financial Officer Conference Call Participants Joshua Buchalter - TD Cowen Chris McNally And just if I could follow up, in that logic, the Super Light win was -- that is a new OEM, right? So you didn't downsell this specific OEM. The supervision light is the firs ...

Mobileye Global Inc. (NASDAQ:MBLY) Q2 2023 Results Conference Call July 27, 2023 8:00 AM ET Operator Joshua Buchalter - TD Cowen but we have seen the production schedule solidify for the second half of the year, where we expect to grow 16% year-over-year on much higher volumes than the first half. Company Participants Amnon Shashua - President and Chief Executive Officer Aaron Rakers - Wells Fargo George Gianarikas - Canaccord Genuity Ben Levy - Barclay It is not my pleasure to introduce your host, Dan Galv ...