Mobileye Global Inc. Stock Price, News & Analysis

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.

Mobileye Global Inc. (Nasdaq: MBLY) has announced the timing for its third quarter 2024 financial results release. The company will disclose its results on Thursday, October 31, 2024, before the market opens. Following the release, Mobileye will host a conference call at 8:00am ET (2:00pm IT) to discuss the results and provide a general business update.

The call will feature key company executives, including CEO Professor Amnon Shashua, CFO Moran Shemesh Rojansky, EVP of Business Development and Strategy Nimrod Nehushtan, and CCO Dan Galves. Investors and interested parties can access the conference call via a live webcast on Mobileye's investor relations website at https://ir.mobileye.com/. A replay of the webcast will be made available shortly after the event concludes.

Mobileye (MBLY) has decided to end internal development of next-generation FMCW lidar for autonomous and highly automated driving systems. This decision is based on advancements in EyeQ6-based computer vision perception, improved imaging radar performance, and cost reductions in third-party time-of-flight lidar units. The company emphasizes that this change does not impact any customer product programs or general product development.

The lidar R&D unit will be wound down by the end of 2024, affecting about 100 employees. Operating expenses for this unit are expected to total approximately $60 million in 2024. While not materially impacting 2024 results, this action will reduce future lidar development spending. Mobileye continues to prioritize imaging radar development, which is meeting performance specifications and is expected to enter production next year.

Mobileye Global Inc. (Nasdaq: MBLY) has announced its participation in three major investor conferences in the third quarter of 2024. These include the Canaccord Genuity 44th Annual Growth Conference (August 13-15), the Goldman Sachs Communacopia + Technology Conference (September 9-12), and the Evercore ISI ADAS, AV & AI Forum (September 24).

Mobileye plans to webcast its 'fireside chats' when possible. The company is confirmed to speak at the Canaccord Genuity conference on Wednesday, August 14, at 11:30am ET. A replay will be available for 90 days. Presentation times and webcast links for subsequent events will be posted later. For the most current information on Mobileye's investor conference appearances, visit the 'Events & Presentation' section of their investor relations site at https://ir.mobileye.com/.

Zeekr and Mobileye have announced plans to accelerate technology collaboration in China and expand globally. The partnership aims to integrate Mobileye technologies into next-generation Zeekr models and enhance driving safety and automation. Key points include:

1. Over 240,000 Zeekr vehicles with Mobileye SuperVision™ platform delivered since 2021.
2. Accelerating scaling and delivery of core technologies for SuperVision platform.
3. Expanding collaboration to include next-generation products from Level 2+ to Level 4 automation.
4. Zeekr to expand SuperVision platform installation on additional vehicles.
5. Highway Navigation Zeekr Pilot (NZP) active in over 150 cities across China.

This collaboration aims to strengthen Mobileye's localization efforts in China while making advanced technologies available to other customers in the region.