STOCK TITAN

Mobileye Global Inc. - MBLY STOCK NEWS

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.

Mobileye Global Inc. (MBLY) is at the forefront of developing and deploying advanced driver-assistance systems (ADAS) and autonomous driving technologies. The company offers a comprehensive range of end-to-end solutions designed to address the evolving needs of the autonomous driving industry. Mobileye's core offerings include Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, and Mobileye Drive, among others. These solutions integrate cutting-edge software and purpose-built hardware to enhance the safety and efficiency of driving.

Mobileye's advanced technologies are utilized to expedite maintenance operations through AI-powered road survey technology, providing data services that improve infrastructure management. The company is recognized for its innovative contributions to autonomous driving and its robust portfolio of technologies that are designed to meet the demands of the future driving landscape.

As the only reportable operating segment, Mobileye continues to focus on driving advancements in autonomous vehicle technology and maintaining its position as an industry leader. The company collaborates with automotive manufacturers and technology partners globally to deliver enhanced safety features and autonomous driving capabilities. With its commitment to innovation and excellence, Mobileye is shaping the future of transportation.

Rhea-AI Summary

Mobileye Global, a company specializing in advanced driver-assistance systems, announced it will release its financial results for Q2 2024 on August 1, 2024, before the market opens. Following the release, a conference call will be held at 8:00am ET to discuss the results and provide a business update. The call will be led by CEO Professor Amnon Shashua, CFO Moran Shemesh Rojansky, EVP of Business Development and Strategy Nimrod Nehushtan, and CCO Dan Galves. The event will be webcast live on Mobileye’s investor relations website, with a replay available shortly after.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.96%
Tags
-
Rhea-AI Summary

Volkswagen Group has awarded Mobileye (Nasdaq: MBLY) the prestigious Volkswagen Group Award for Digitalization for 2024. This accolade was presented during a special event in Wolfsburg on July 2. The award recognizes Mobileye's contributions to innovative digital solutions, with a focus on enhancing Volkswagen's product portfolio and customer experience. The recognition underscores a long-standing partnership between Mobileye and Volkswagen, highlighted by the integration of Mobileye's advanced driver-assistance and autonomous driving technologies across multiple continents. Mobileye's technologies, including REM™ crowdsourced mapping and True Redundancy™ sensing, have been adopted in approximately 170 million vehicles worldwide. The award signifies Mobileye's continued influence in intelligent driving and road safety.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.15%
Tags
none
-
Rhea-AI Summary

Mobileye Global (Nasdaq: MBLY) announced the appointment of Elaine L. Chao to its Board of Directors as an independent director, effective June 7, 2024. Chao, a former U.S. Secretary of Transportation and Labor, brings extensive experience in technology, transportation, and business transformation. Her background includes roles in public, private, and nonprofit sectors, with two Cabinet positions confirmed by the U.S. Senate. She has served on several public company boards and holds degrees from Harvard and Mount Holyoke. Mobileye's CEO, Prof. Amnon Shashua, expressed confidence in Chao's positive impact on the company's mission to advance road safety through technology.

Mobileye, a leader in autonomous driving and driver-assistance technologies, has equipped about 170 million vehicles globally. The company, an independent entity from Intel since 2022, focuses on AI, computer vision, mapping, and integrated hardware/software, offering solutions from ADAS to autonomous vehicles.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
Tags
management
Rhea-AI Summary

Mobileye Global (Nasdaq: MBLY) has announced its participation in two significant conferences: the UBS Auto and Auto Tech Conference on June 5, 2024, and Deutsche Bank's Global Auto Industry Conference on June 11, 2024.

The company will webcast its “fireside chat” at the Deutsche Bank event, scheduled for 1:55 PM ET. Interested parties can register for the webcast and access the replay on Mobileye's investor relations site. Replays will be available for 90 days.

Event dates and participation are subject to change, and additional events will be announced later. For the latest updates, visit Mobileye's IR site.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
none
-
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%
Tags
-
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%
Tags
none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.95%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
none

FAQ

What does Mobileye Global Inc. specialize in?

Mobileye specializes in developing and deploying ADAS and autonomous driving technologies and solutions.

What are some of the solutions offered by Mobileye?

Mobileye offers Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, and Mobileye Drive.

How does Mobileye contribute to infrastructure management?

Mobileye uses AI-powered road survey technology to provide data services that expedite maintenance operations.

Is Mobileye an industry leader?

Yes, Mobileye is recognized as an industry leader in autonomous driving technology.

Who does Mobileye collaborate with?

Mobileye collaborates with automotive manufacturers and technology partners globally.

What is Mobileye's approach to autonomous driving?

Mobileye develops end-to-end solutions integrating advanced software and hardware to enhance driving safety and efficiency.

What are the key technologies developed by Mobileye?

Mobileye develops technologies like Driver Assist, Mobileye SuperVision, Mobileye Chauffeur, and Mobileye Drive.

Does Mobileye provide services beyond autonomous driving?

Yes, Mobileye also offers data services for road maintenance through AI-powered survey technology.

What type of company is Mobileye Global Inc.?

Mobileye Global Inc. is a company focused on ADAS and autonomous driving technologies.

What is the significance of Mobileye's technologies?

Mobileye's technologies are crucial for enhancing vehicle safety, efficiency, and paving the way for future autonomous transportation.

Mobileye Global Inc.

Nasdaq:MBLY

MBLY Rankings

MBLY Stock Data

19.89B
94.90M
1.88%
132.63%
2.26%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States of America
JERUSALEM