Welcome to our dedicated page for Mobileye Global news (Ticker: $MBLY), a resource for investors and traders seeking the latest updates and insights on Mobileye Global stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mobileye Global's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mobileye Global's position in the market.
Rhea-AI Summary
Mobileye reported a 48% decrease in revenue to $239 million in the first quarter of 2024, with diluted EPS at $(0.27) and Adjusted Diluted EPS at $(0.07). The company generated $40 million in net cash from operating activities and has a strong balance sheet with $1.2 billion in cash and no debt. Mobileye's EyeQ6L SoC deliveries are on track, and the announcement of a production award by Volkswagen Group led to an expansion in discussions with other global OEMs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
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Rhea-AI Summary
Mobileye has launched the EyeQ6 Lite system-on-chip, set to power advanced driver-assistance systems in 46 million vehicles worldwide. The EyeQ6L builds on Mobileye's expertise in automotive safety and chip design, offering improved performance and safety features at a competitive price. The technology aims to enhance road safety and reduce accidents globally, meeting regulatory requirements and delivering meaningful advancements to end users.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
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Rhea-AI Summary
Mobileye Global Inc. (Nasdaq: MBLY) will announce its Q1 2024 financial results on April 25, 2024. The conference call hosted by top executives will provide a business update.
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Rhea-AI Sentiment
End-of-Day
-2.95%
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Volkswagen partners with Mobileye to develop autonomous Level 4 service vehicle for commercial use in Europe and the USA, utilizing advanced technology and shared modules within Volkswagen Group.
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Rhea-AI Sentiment
End-of-Day
0.36%
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Volkswagen and Mobileye collaborate to bring new automated driving functions to series production. Audi, Bentley, Lamborghini, and Porsche to adopt Mobileye technologies for premium driving features. Volkswagen Commercial Vehicles to receive autonomous driving technology from Mobileye.
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Rhea-AI Sentiment
End-of-Day
0.36%
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Rhea-AI Summary
Mobileye to wind down its aftermarket solutions unit due to declining demand for retrofitted ADAS technology. Revenues have declined to $40 million annually. The company will now focus on advanced driver assist technologies and autonomous driving.
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Rhea-AI Sentiment
End-of-Day
0.16%
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Mobileye Global Inc. (Nasdaq: MBLY) announces the resignation of Jon M. Huntsman, Jr. from its Board of Directors to pursue a new executive role. Huntsman, a board member since October 2022, was a key figure in shaping Mobileye's business strategy and technological roadmap. The company expresses gratitude for his contributions and begins the search for a new independent director.
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Rhea-AI Sentiment
End-of-Day
-4.66%
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Mobileye Global Inc. (MBLY) announces Dan Galves, Chief Communications Officer, presenting at Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024. Webcast available for 90 days. Check IR site for more details.
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Rhea-AI Sentiment
End-of-Day
-1.73%
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Mobileye Global Inc. (Nasdaq: MBLY) reported a 13% increase in revenue to $637 million in the fourth quarter of 2023, with significant improvements in operating income and adjusted operating income. The company generated net cash from operating activities of $394 million and has a strong balance sheet with $1.2 billion of cash and cash equivalents and zero debt. Mobileye achieved design wins projected to generate future revenue of $7.4 billion across 61 million units in 2023, and saw a very successful year in business development and strategy. The company is focused on executing a meaningful improvement in Q2 revenue and normalization of revenue in the second half of 2024, despite an inventory build-up at its customers impacting growth.
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Rhea-AI Sentiment
End-of-Day
0.94%
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HiRain Technologies and Mobileye announce the upcoming production of the Mobileye EyeQ™6 Lite based ADAS system, set to debut in China in the second quarter of 2024. This collaboration aims to advance automotive safety and comfort features, with the EyeQ6 Lite offering real-time detection and analysis of surroundings, supporting Cloud-Enhanced ADAS, and meeting ENCAP2023 5-star compliance. The project signifies a significant stride in automotive safety and technological sophistication, reflecting a robust partnership between the two companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
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Mobileye Global Inc.
Nasdaq:MBLY
MBLY Rankings
MBLY Stock Data
24.59B
93.22M
2%
117.49%
2.71%
Electromedical and Electrotherapeutic Apparatus Manufacturing
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