Business
Mobileye Releases First Quarter 2025 Results and Reaffirms Full-Year Outlook
Revenue of $438 million in the first quarter, which was an 83% year over year increase compared to Q1 2024, a period that was impacted by a significant
About this update from Mobileye Global Inc.
[{"type":"text","content":"\n\nRevenue of $438 million in the first quarter, which was an 83% year over year increase compared to Q1 2024, a period that was impacted by a significant drawdown of inventory at our Tier 1 customers.\n\n\nDiluted EPS (GAAP) was $(0.13) and Adjusted Diluted EPS (Non-GAAP) was $0.08 in the first quarter.\n\n\nBusiness development activity was strong in Q1, including first Surround ADAS design win, acceleration in the mobility-as-a-service space, and continued progress toward SuperVision wins.\n\n\nReaffirming full-year 2025 outlook originally provided on January 30th, assuming continuation of currently-announced automotive-related tariffs (without any further changes). We expect Q2 2025 revenue to increase approximately 7% year over year compared to Q2 2024.\n\n\n JERUSALEM--(BUSINESS WIRE)--\nMobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today released its financial results for the three months ended March 29, 2025.\n\n“Based on strong revenue trends to-date and our own analysis of likely production impacts of the current tariff conditions (including the most recent third party forecasts), we continue to expect to deliver revenue and profitability within the guidance range. While uncertainty has clearly risen, our original outlook was designed to account for some amount of macro deterioration in 2025,” said Mobileye President and CEO Professor Amnon Shashua. “Business development activity was strong in Q1. In fact, Q1 was one of the largest quarters on record in terms of projected future volumes from design wins. Among other important wins, notable achievements were an ADAS design win with a customer we haven’t had since 2016, our first Surround ADAS design win with Volkswagen Group, and acceleration for our Mobileye Drive robotaxi solution.”\n\nFirst Quarter 2025 Business Highlights\n\n\nEyeQ6 Lite gained additional momentum as the enabler for next-generation high-volume OEM ADAS programs. Projected lifetime volumes for the design wins awarded in Q1 2025, much of which was EyeQ6L, already represent a high majority of what we achieved all of last year.1 Notable strategic wins included the first ADAS design win since 2016 with a European OEM and a REM harvesting and cloud-enhanced ADAS win with a Korean OEM.\n\n\nWe announced our first Surround ADAS win with the mainstream brands of Volkswagen Group. This program is strategi...