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Mobileye Global reported earnings Q4 FY2024 results ended on December 28, 2024

$MBLY


- Revenue: $490M, -23% YoY

- Net loss: $71M vs net income of $63M YoY

- Adjusted EPS: $0.13 vs $0.28 YoY

- Generated operating cash flow of $400M for FY2024, slightly higher than FY2023


CEO Amnon Shashua: "I'm proud of our accomplishments in 2024. Against a challenging backdrop, we executed dozens of production program launches on-time for our customers and shipped the 200 millionth EyeQ system in our history."


🌱Revenue & Growth

- EyeQ SoC volumes decreased 20% YoY

- Average System Price: $50.0 vs $52.7 in Q4 2023

- Full year revenue: $1.65B vs $2.08B in FY2023


💰Profits & Financials

- Gross Margin: 49% vs 54% YoY

- Operating Margin: -18% vs +11% YoY

- Adjusted Operating Margin: 21% vs 39% YoY

- Cash and equivalents: $1.4B with zero debt

- Operating cash flow: $400M for FY2024


📌Business Highlights

- Launched ADAS programs into 313 car models

- Managed 80 active ADAS development projects

- Won over 95% of ADAS programs awarded by top customers

- EyeQ6 High achieves 10x frame-per-second processing vs EyeQ5 High


🔮Future Outlook

- FY2025 Revenue guidance: $1.69B-$1.81B

- FY2025 Operating Loss guidance: $(574)M-$(489)M

- FY2025 Adjusted Operating Income guidance: $175M-$260M

- RFQ-stage development programs: 25M future units for Surround ADAS, 8-16M for SuperVision, 1-3M for Chauffeur

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