September 5, 2023
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…
August 25, 2023
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…
July 28, 2023
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…
July 27, 2023
Mobileye Global (MBLY; $40.44; E/W) reported Q2 adjusted EPS of $0.17, which was ahead of our consensus matching $0.12 on sales of $454mm (-1% YoY and flat QoQ) that was basically in line with our…
July 20, 2023
We think Mobileye Global’s (MBLY; $40.63; E/W) Q2 results and outlook, scheduled for next Thursday (7/27 before market), come with “less noise” relative to its first two quarterly calls since the company returned to the…
July 18, 2023
This morning, Mobileye Global (MBLY; $43.84; E/W) announced the launch of its Intelligent Speed Assist (ISA) software, which is designed for the company’s EyeQ System-on-Chip (SoC) platform. This software, which just completed full testing and…
June 27, 2023
Last night, Mobileye Global (MBLY; $36.00; E/W) announced that CFO Anat Heller, who joined the company in 2008 and has served as CFO since 2018, is stepping down from her role for personal reasons, effective…
June 21, 2023
We hosted a “fireside chat” for Mobileye Global’s (MBLY; $36.61; E/W) Chief Communications Officer Dan Galves yesterday as part of our Transportation Technology Conference. The conversation provided support for what we think are MBLY’s well-defined…
May 9, 2023
This morning, Volkswagen’s (VOW.DE; €153.55; NR) Porsche brand announced it entered into a strategic partnership with Mobileye Global (MBLY; $41.46; E/W) in which Porsche plans to integrate automated assistance and navigate on-pilot functionality into future…
April 28, 2023
The shares of Mobileye Global (MBLY; $37.50; NR) are still down 13% since management guided 2023E sales and operating profit moderately lower yesterday morning. The stock is also 22% off its recent high of $48.11…
April 27, 2023
Mobileye Global (MBLY; $43.09; E/W) reported Q1 adjusted EPS of $0.14, which was ahead of our $0.11 and the Street’s $0.12 on sales of $458mm (+16% YoY and -19% QoQ). By comparison, we were modeling…
April 17, 2023
We think Mobileye Global (MBLY; $43.13; E/W) produces Q1 sales, margins, and EPS that comfortably live up to Street expectations, which, per the table below, are moderately above our forecasts. Importantly, we think MBLY demonstrates…
March 15, 2023
We refined our “bottoms up” work around our Mobileye Global (MBLY; $40.93; E/W) forecasts after reviewing the company’s recent 10-K filing. Although, there is no change to our 2023/2024E sales, gross margin, and EPS forecasts,…
January 27, 2023
Mobileye Global (MBLY; $35.97; E/W) produced better than expected Q4 results and offered up 2023E sales and operating profit guidance that encompassed consensus forecasts, albeit with a more back-end loaded slope to the year. Specifically,…
January 26, 2023
Mobileye Global (MBLY; $33.95; E/W) reported adjusted Q4 EPS of $0.27, which was comfortably ahead of our $0.16 and the Street’s $0.17 on sales of $565mm (+59% YoY and +26% QoQ), which beat our $531mm…