Mobileye Global Inc. (MBLY)


June 3, 2024

MBLY: Buying Opportunity on Roadmap Worries

By Steven Fox

The shares of Mobileye Global (MBLY; $26.46; O/P) have retreated 19% since early-April (vs. +1% for the S&P 500) as the Street seems suddenly concerned with the company’s longer-term competitive positioning around autonomous vehicle (AV)…

Read More >>

April 25, 2024

MBLY: More Than Living Up to Expectations

By Steven Fox

We bump up our 2024/2025E EPS for Mobileye Global (MBLY; $31.25; O/P) from $0.37/$0.75 to $0.40/$0.80 after somewhat better than expected Q1 results within the context of the company reiterating its full 2024E sales and…

Read More >>

April 25, 2024

MBLY: First Look at Q1 Results and Outlook

By Steven Fox

Mobileye Global (MBLY; $31.12; O/P) reported Q1 adjusted EPS losses of ($0.07), which was in line with our ($0.07) and compared to the Street’s ($0.06) on sales of $239mm that beat our $225mm and the…

Read More >>

April 22, 2024

MBLY: Looking for More Signs of Recovery

By Steven Fox

We expect Mobileye Global’s (MBLY; $30.23; O/P) Q1 results and outlook, scheduled for Thursday (4/25 before market), to clear another hurdle required for a further recovery in the stock as we mapped out in our…

Read More >>

March 20, 2024

MBLY: Volkswagen Confirms Broad Relationship with Mobileye

By Steven Fox

This morning, the Volkswagen Group (VOW.DE; €136.90; NR) announced it will integrate Mobileye Global’s (MBLY; $29.97; O/P) advanced driver assistance systems (ADAS) and autonomous driving systems (ADS) across its luxury global brands (Audi, Bentley, Lamborghini,…

Read More >>

March 18, 2024

MBLY: A Bit More Behind the Comeback Story

By Steven Fox

Earlier today, Mobileye Global (MBLY; $29.11; O/P) announced the wind down of its aftermarket solutions business following a “thorough review” of the operations’ future growth prospects and investment requirements. The decision was reached as MBLY…

Read More >>

January 26, 2024

MBLY: Ready to Drive Up the Wall of Worry; Raise to Outperform

By Steven Fox

We raise our rating on the shares of Mobileye Global (MBLY; $28.13) from Equal-Weight to Outperform. Our recent meeting with management at the Consumer Electronics Show (CES) along with yesterday’s Q4 call supported the idea…

Read More >>

January 16, 2024

MBLY: CES Highlights Debate Over Short vs. Long Term

By Steven Fox

Last week, we had the opportunity to dig deeper into the Mobileye Global (MBLY; $30.07; E/W) investment story, at the Consumer Electronics Show (CES), which is obviously under more scrutiny after management cut deep into…

Read More >>

January 5, 2024

MBLY: Looking at Massive Inventory Correction

By Steven Fox

The shares of Mobileye Global (MBLY; $29.97; E/W) plunged 25% yesterday after the company revealed a highly disappointing sales outlook for the upcoming year, which basically reflected a realization of excess inventories of its EyeQ…

Read More >>

December 13, 2023

MBLY: The SuperVision Ties That Bind With ZEEKR

By Steven Fox

We think a potential IPO from ZEEKR Intelligent Technology Holding can prove an incremental positive for the shares of Mobileye Global (MBLY; $40.35; E/W) in coming months, based on our review of the company’s recent…

Read More >>

October 27, 2023

MBLY: Advancing the SuperVision Ball Further

By Steven Fox

We adjust 2023/2024E EPS for Mobileye Global (MBLY; $35.20; E/W) from $0.73/$0.98 to $0.78/$0.87 after it produced somewhat better Q3 sales than forecasts, albeit with a significant operating profit beat. Q3 EPS was $0.22 vs….

Read More >>

October 26, 2023

MBLY: First Look at Q3 Results and Outlook

By Steven Fox

Mobileye Global (MBLY; $33.96; E/W) reported Q3 adjusted EPS of $0.22, which beat our consensus matching $0.17 on sales of $530mm (+18% YoY and +17% QoQ) that were somewhat ahead of our $520mm and the…

Read More >>

September 5, 2023

MBLY: Some Interesting SuperVision News

By Steven Fox

This morning, Mobileye Global (MBLY; $37.23; E/W) announced that a set of autonomous driving features based on the company’s SuperVision platform have now been added to 110,000 ZEEKR 001 electric vehicles (EVs) in Hangzhou and…

Read More >>

August 25, 2023

MBLY: Announces Another Chauffeur Win

By Steven Fox

This morning, Polestar (PSNY; $3.63; O/P) announced it plans to integrate Mobileye Global’s (MBLY; $35.71; E/W) Chauffeur consumer autonomous driving platform into its Polestar 4 SUV. Recall, MBLY believes Chauffeur enables “eyes-off/hands-free” driving in a…

Read More >>

July 28, 2023

MBLY: Lower Opex Drives EPS Upside

By Steven Fox

We adjust 2023/2024E EPS for Mobileye Global (MBLY; $38.01; E/W) from $0.63/$0.90 to $0.73/$0.98 after better Q2 EPS and the company raised 2023E operating profit targets, which was all related to reduced opex in the…

Read More >>