Mobileye (US:MBLY)2025-10-23 11:04Revenue Performance - Revenue for Q3 2025 was $504 million, representing a 4% increase year-over-year compared to Q3 2024[5] - Revenue for Q3 2025 was $504 million, a 3.7% increase from $486 million in Q3 2024[20] - Full-year 2025 revenue outlook revised to between $1,845 million and $1,885 million, implying a year-over-year growth of 12% to 14%[5] - Updated guidance reflects a 2% increase in expected revenue at the midpoint compared to previous guidance, driven by higher-than-expected volume in Q3 2025[9] Profitability Metrics - Adjusted Diluted EPS for Q3 2025 was $0.09, a decrease of 2% from $0.10 in Q3 2024[8] - Gross Margin for Q3 2025 was 48%, a slight decrease of 55 basis points from 49% in Q3 2024[6] - Operating Margin improved significantly from (578)% in Q3 2024 to (22)% in Q3 2025, primarily due to the non-recurrence of goodwill impairment[6] - Gross profit for Q3 2025 was $243 million, compared to $237 million in Q3 2024, reflecting a slight increase[20] - Operating loss for Q3 2025 was $(109) million, an improvement from $(2,807) million in Q3 2024, primarily due to a goodwill impairment in the previous year[20] - Net loss for Q3 2025 was $(96) million, compared to a net loss of $(2,715) million in Q3 2024[20] - Basic and diluted earnings per share for Q3 2025 were $(0.12), significantly better than $(3.35) in Q3 2024[20] Cash Flow and Assets - Operating cash flow for the nine months ended September 27, 2025, was $489 million, with a strong balance sheet showing $1.7 billion in cash and cash equivalents[5] - Cash provided by operating activities for the nine months ended September 27, 2025, was $489 million, significantly higher than $196 million in the same period of 2024[22] - Cash, cash equivalents, and restricted cash at the end of the period were $1,769 million, up from $1,306 million at the end of the same period in 2024[22] - Total current assets as of September 27, 2025, were $2,416 million, up from $1,742 million in December 2024[21] - Total assets amounted to $12,480 million as of September 27, 2025, compared to $12,579 million in December 2024[21] - Total liabilities were $5,445 million, a decrease from $4,992 million in December 2024[21] - Total equity was $11,935 million as of September 27, 2025, compared to $12,087 million in December 2024[21] Research and Development - Research and development expenses for Q3 2025 were $304 million, nearly unchanged from $303 million in Q3 2024[20] Product and Market Performance - EyeQ volumes increased by 8% year-over-year, driven by strong customer demand, despite lower SuperVision volumes[8] - Average system price for EyeQ and SuperVision in Q3 2025 was $51.7, up from $49.0 in Q1 2025[26] - Total revenue from EyeQ and SuperVision in Q3 2025 was $478 million, compared to $415 million in Q1 2025[26] - The number of systems shipped in Q3 2025 was 9.2 million, consistent with 9.7 million in Q2 2025[26] Future Outlook - Mobileye is on track for the commercialization of driverless robotaxi services beginning in 2026[3] - The company is executing four advanced products with multiple Volkswagen Group brands, maintaining key performance and safety KPIs[7] Nine-Month Performance - Net income for the nine months ended September 27, 2025, was $(265) million, an improvement from $(3,019) million in the same period of 2024[22] - Adjusted gross profit for the nine months ended September 27, 2025, was $985 million, representing a margin of 68%, compared to $783 million and 67% in the same period of 2024[23] - Operating income for the nine months ended September 27, 2025, was $239 million, with an adjusted operating margin of 17%, compared to $92 million and 8% in the same period of 2024[24] - Adjusted net income for the nine months ended September 27, 2025, was $241 million, or 17% of revenue, compared to $98 million or 8% in the same period of 2024[25]