Thu, Apr 24, 8:26 PM (21 days ago)
**Mobileye Global Inc. (MBLY) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $438 million, up 83% YoY, driven by increased EyeQ™ SoC shipments due to normalized inventory levels at Tier 1 customers. - **Gross Profit:** $207 million, up 283% YoY, with a gross margin of 47% (up from 23% in Q1 2024). - **Operating Loss:** $(117) million, improved from $(238) million in Q1 2024. - **Net Loss:** $(102) million, improved from $(218) million in Q1 2024. - **Cash Flow from Operations:** $109 million, up from $40 million in Q1 2024. **Profit Margins:** - **Gross Margin:** 47%, up from 23% in Q1 2024. - **Operating Margin:** (27)%, improved from (100)% in Q1 2024. **Cash Flow:** - **Operating Cash Flow:** $109 million, up from $40 million in Q1 2024. - **Investing Cash Flow:** $(25) million, primarily due to capital expenditures. - **Financing Cash Flow:** $3 million, mainly from share-based compensation recharge. **Earnings Changes:** - **EPS:** $(0.13), improved from $(0.27) in Q1 2024. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by increased EyeQ™ SoC shipments due to normalized inventory levels at Tier 1 customers. - **Cost of Revenue:** Increased by 25% YoY, primarily due to higher manufacturing costs from increased EyeQ™ SoC sales. - **Operating Expenses:** Increased by 11% YoY, mainly due to higher R&D expenses. - **Cash Flow:** Improved significantly due to better operating performance and changes in working capital. **Trends & Uncertainties:** - **Global Automotive Demand:** Uncertainty due to economic conditions and inflation. - **Trade Policies:** Potential impact from recent U.S. tariffs on automotive imports. - **Supply Chain:** Continued reliance on single suppliers for key components, with potential risks from supply chain disruptions. - **Geopolitical Risks:** Ongoing conflicts in Israel and the broader region may impact operations and employee availability. **Future Operations Impact:** - **Investment in Technology:** Continued focus on R&D for next-generation EyeQ™ SoCs and autonomous driving solutions. - **Market Expansion:** Plans to expand presence in key markets and capture long-term growth opportunities. - **Regulatory Environment:** Expectations for increased adoption of ADAS and autonomous driving solutions due to evolving regulations.