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 a leading developer of advanced driver-assistance systems (ADAS) and autonomous driving technologies, leveraging computer vision and sensor fusion to redefine transportation safety. This page serves as the definitive source for official company announcements, financial updates, and technology developments.
Investors and industry professionals will find curated press releases covering earnings reports, product launches, strategic partnerships, and regulatory milestones. Our collection includes updates on Mobileye's core innovations like its Level 4 autonomous platforms, sensor integration advancements, and global deployment initiatives.
Key content categories include quarterly financial results, technology patent announcements, automotive OEM collaborations, and safety certification achievements. All materials are sourced directly from Mobileye's communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to critical updates about Mobileye's role in shaping autonomous mobility. Check regularly for insights into how the company's AI-driven solutions continue to influence the future of transportation.
Mobileye (MBLY) reported Q4 2024 financial results with revenue declining 23% year-over-year to $490 million, primarily due to a 20% reduction in EyeQ SoC volumes. The company's Q4 2024 GAAP EPS was $(0.09), while Adjusted EPS was $0.13.
The company maintains a strong balance sheet with $1.4 billion in cash and zero debt. Operating cash flow reached $400 million for the full year 2024. Average System Price was $50.0 in Q4 2024, down from $52.7 in Q4 2023.
Despite challenges, Mobileye launched ADAS programs into 313 car models and managed 80 active development projects. The company has built significant opportunities across major customers, with RFQ-stage development programs representing potential for 25 million future units for Surround ADAS, 8-16 million for SuperVision, and 1-3 million for Chauffeur.
Mobileye Global (Nasdaq: MBLY) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, January 30th, 2025, before market open. The company will host a conference call at 8:00am ET (3:00pm IT) featuring CEO Professor Amnon Shashua, CFO Moran Shemesh Rojansky, EVP Nimrod Nehushtan, and CCO Dan Galves. The call will provide a general business update and will be accessible via webcast on Mobileye's investor relations website, with a replay available after the event.
Mobileye (NASDAQ: MBLY) has announced its upcoming presence at CES 2025, where it will showcase its latest autonomous driving and safety technologies. The company's annual press conference, 'Mobileye: Now. Next. Beyond.' will be held on January 7, 2025, at 11:00 a.m. PT, presented by CEO Prof. Amnon Shashua.
The company will demonstrate its modular product portfolio including Advanced Driver Assistance Systems, Surround ADAS, Mobileye SuperVision™, Mobileye Chauffeur™, and Mobileye Drive™. Key executives will participate in industry panels discussing AV technology and integration. The showcase will highlight innovations in AI, sensor fusion, and imaging radar technologies aimed at advancing safer autonomous mobility solutions.
Mobileye (MBLY) and Innoviz Technologies (INVZ) have announced a partnership where Mobileye will integrate Innoviz LiDARs into its Mobileye Drive™ autonomous vehicle platform. The platform has been adopted by major vehicle producers including VW Commercial Vehicles, Schaeffler/VDL, Holon, and Verne.
The integration will enhance the platform's autonomous driving capabilities by combining Innoviz's LiDAR technology with Mobileye's imaging radars and high-resolution cameras. The collaboration aims to enable safer and more efficient autonomous transportation, with Start of Production scheduled for 2026.
Innoviz's InnovizTwo product platform, specifically engineered for Mobileye Drive™, will provide a complete set of LiDARs for L4 autonomous driving, designed to navigate complex urban environments.
Mobileye (MBLY) has released its first Sustainability Report for 2023, highlighting its ESG initiatives and commitment to transportation safety. Key achievements include obtaining LEED Platinum Certification for its Jerusalem headquarters and deploying EyeQ™ system-on-chip in approximately 170 million vehicles worldwide. The company allocated $1.2 million to non-profit organizations and recycled 28 tons of material, with electronic waste making up 63% of diverted materials.
The report outlines Mobileye's focus on quality, product stewardship, privacy protection, and community well-being. Since its 1999 founding, the company has expanded its presence to six countries, offering Advanced Driver Assistance Systems (ADAS) and autonomous vehicle solutions to enhance road safety and improve driver experiences.
MIPS has launched the P8700 Series RISC-V Processor, specifically designed for advanced automotive applications like ADAS and autonomous vehicles. The processor features multi-threading architecture that enables higher efficiency with fewer CPU cores and lower thermal design power compared to current market solutions. The P8700 delivers >30% better AI Stack software utilization and has been adopted by Mobileye (MBLY) for future self-driving vehicle products. Key features include out-of-order multi-threading, coherent multi-core clustering supporting up to 6 cores, and ASIL-B(D) functional safety compliance.
Mobileye Global (Nasdaq: MBLY) announces its Capital Markets Day scheduled for December 9th and 10th, 2024, in Munich, Germany. The event will showcase real-world demonstrations of EyeQ®5-based SuperVision™ in production vehicles and Drive™ system in robotaxis. The program includes in-depth presentations on self-driving technology, EyeQ®6 High updates, and progress reports on SuperVision, Chauffeur™ and Drive production programs.
Due to vehicle demo ride constraints, identical sessions will run over two days. While space is , interested parties can email investors@mobileye.com by November 12th. A live video webcast will be available for the December 9th session, with an archived replay provided afterward.
Mobileye Global (Nasdaq: MBLY) has announced its participation in two major investor conferences in Q4 2024: the Baird 2024 Global Industrial Conference on November 14, and the Barclays 15th Annual Global Automotive and Mobility Tech Conference on November 21. The company plans to webcast its fireside chats when possible, with exact timing to be announced later. Interested parties can access the webcasts through Mobileye's investor relations website.
Lyft and Mobileye have announced a strategic alliance to accelerate autonomous vehicle (AV) commercialization. The partnership will combine Lyft's network of 40 million annual riders with Mobileye's AV technology to create a seamless demand platform for Mobileye Drive™-based AV fleets.
Future AV operators will be able to purchase 'Lyft-ready' vehicles equipped with Mobileye Drive technology and access Lyft's rider demand to optimize fleet utilization. The collaboration will leverage Mobileye's cloud-based AV demand technology and Lyft's AV Partner APIs to monetize AV fleets, aiming to provide faster and broader AV availability to users.
Mobileye (MBLY) reported Q3 2024 financial results with revenue of $486 million, marking an 8% year-over-year decrease primarily due to a 9% reduction in EyeQ volumes. The company maintained its full-year 2024 revenue guidance. Q3 GAAP EPS was $(3.35), impacted by a non-cash goodwill impairment loss of $2,613 million, while Adjusted EPS was $0.10. The company generated $196 million in operating cash flow for the first nine months of 2024. Despite near-term challenges, Mobileye continues to focus on strategic objectives, including maintaining ADAS market position outside China and deepening relationships with top customers through advanced product design wins.
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