MBLY Earnings Prediction
The chart below shows how MBLY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MBLY sees a +8.59% change in stock price 10 days leading up to the earnings, and a +4.18% change 10 days following the report. On the earnings day itself, the stock moves by -1.70%. This data can give you a slight idea of what to expect for the next quarter's release.
MBLY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
486.00M
-8.30%
10.71%
Gross Margin
48.77%
-4.97%
2.44%
Operating Margin
-23.05%
-1626.49%
7.66%
Net Margin
-558.64%
-17503.12%
2751.66%
EPS
-3.35
-16850.00%
2945.45%
No Data Available
MBLY Earnings Analysis
Mobileye Global Inc. Class A Common Stock Corporation (MBLY.O) Earnings Conference Call
Positive
Sequential Revenue Increase: 1. Sequential Revenue Growth: Mobileye reported an 11% sequential increase in revenue in Q3 compared to Q2, indicating a normalization of inventory at customer sites.
Operating Cash Flow Surge: 2. Strong Operating Cash Flow: The company generated $126 million in operating cash flow in Q3, a significant increase from $70 million in total for the first half of 2024.
Cost Reduction Strategies: 3. Cost Management Initiatives: Mobileye expects adjusted operating expenses to be below the annualized level of slightly over $1 billion in Q3 by 2025, following efficiency actions including the discontinuation of in-house LiDAR development.
Customer Engagement Success: 4. High Customer Engagement: Mobileye has advanced pre-design win engagements with nine out of its top 10 customers, indicating strong interest and commitment to its advanced product portfolio.
Strong Cash Reserves: 5. Robust Cash Position: The company maintains a cash reserve of approximately $1.4 billion, providing a solid foundation for future growth and potential acquisitions.
Negative
Revenue Decline Analysis: Revenue was down 8% year-over-year, primarily due to a significant decline in volume to China OEMs, which was down more than 50%.
Operating Expenses Overview: Operating expenses annualized at slightly over $1 billion in Q3, with an increase in spending on technologies approaching production and restructuring expenses associated with the LiDAR unit closure.
Gross Margin Decline: Gross margin decreased by 1 point, attributed to lower EyeQ ASPs and higher EyeQ related costs per unit, despite some offset from higher SuperVision gross margins.
Customer Shipments Decline: Shipments to top 10 customers were down about 4% globally, while overall production for these OEMs declined by approximately 9% in Q3.
SuperVision Volume Expectations: SuperVision volume in Q4 is expected to be around 15,000 units, with half of that coming from the Polestar 4, indicating a lower than anticipated take rate.
MBLY FAQs
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MBLY Earning Call Sentiment
Mobileye Global Inc. (MBLY) Q3 2024 Earnings Call Transcript
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00:00
00:00
MBLY.O
-4.34%Positive
The earnings call reveals significant challenges: reduced 2024 revenue and SuperVision volume guidance, a 50% drop in China OEM volumes, and goodwill impairment affecting financials. Despite some positive aspects like strong operating cash flow and regulatory tailwinds, the overall sentiment is negative due to competitive pressures, market uncertainties, and lack of shareholder return plans. The Q&A section further highlights management's uncertainty about future volumes and market conditions, reinforcing the negative sentiment. These factors suggest a likely stock price decline in the short term.
