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. develops advanced driver-assistance and autonomous driving technologies built around software, computer vision, artificial intelligence and purpose-built hardware. News for MBLY commonly covers EyeQ system-on-chip programs, OEM design wins, driver monitoring and occupant monitoring, SuperVision and Surround ADAS, and Mobileye Drive for Level 4 self-driving applications. Updates also track collaborations with automotive software suppliers and automakers, along with technology areas such as REM crowdsourced road intelligence, Imaging Radar and Compound AI.
Company announcements also include earnings releases, outlook updates, investor conference appearances, capital allocation actions such as Class A share repurchases, and integration of Mentee Robotics into Mobileye's physical AI and humanoid robotics work. Mobileye has been listed independently from Intel since 2022, while Intel retains majority ownership.
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Mobileye reported a 16% revenue increase year-over-year, reaching $458 million for Q1 2023. While diluted EPS (GAAP) stood at $(0.10), the adjusted diluted EPS (Non-GAAP) was $0.14. The average system price rose to $53.9, largely fueled by a surge in SuperVision™ sales. The company generated $171 million in net cash from operating activities and maintained a robust balance sheet with $1.2 billion in cash and no debt as of April 1, 2023. Despite positive trends, Mobileye has moderated its SuperVision shipment forecasts due to reduced EV demand in China. The company remains optimistic about future growth and has multiple launches planned for late 2023 and beyond, aiming to enhance customer and regional diversification.
May Mobility and Moovit are enhancing shared autonomous vehicle services to address gaps in public transit. This partnership targets a $2 trillion market in mobility-as-a-service, leveraging May Mobility’s fleets and Moovit’s app for seamless trip planning and payment. The collaboration seeks to promote accessible and sustainable transportation globally. May Mobility has provided over 320,000 autonomy-enabled rides in the last five years and plans to expand its services across various U.S. states and Japan. By integrating Moovit’s routing software, they aim to optimize AV routes and improve urban mobility.
Mobileye Global Inc. (Nasdaq: MBLY) will announce its financial results for Q1 2023 on April 27, 2023, before the market opens. A conference call will be held at 8:00 AM ET to discuss these results, featuring CEO Amnon Shashua, CFO Anat Heller, and CCO Dan Galves. The call will be accessible via webcast on Mobileye's investor relations website. Mobileye is a leader in autonomous driving and driver-assistance technologies, with over 125 million vehicles equipped with its technology worldwide. The company became independent from Intel (Nasdaq: INTC) in 2022, although Intel retains majority ownership. For further details, visit Mobileye's website.
Mobileye Global Inc. (Nasdaq: MBLY) announced participation in several investor events in Q2 2023, including the BofA Securities Automotive Summit on April 4 and the Evercore ISI AutoTech & AI Forum on May 25. Additional events include the Mizuho Auto Technology Conference, Cowen Technology Conference, and Fox Advisors Transportation Technology Conference, scheduled throughout June 2023. Mobileye aims to webcast these sessions, with details available on their investor relations site. The company specializes in autonomous driving and driver-assistance technologies, with over 125 million vehicles equipped with its technology globally. Mobileye operates independently, following its 2022 spin-off from Intel (Nasdaq: INTC).