Mobileye Global Inc. (MBLY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the MobileEye first quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Dan Gauss. Mr. Gauss, you may begin. Thanks, Stacey. Hello, everyone, and welcome to Mobilize First Quarter 2025 Earnings Conference Call for the period ending March 29, 2025. Please note that today's discussion contains forward-looking statements based on the business environment as we currently see it. Such statements involve risks and uncertainties. Please refer to the accompanying press release, which includes additional information on the specific factors that could cause actual results to differ materially. Additionally, on this call, we will refer to both GAAP and non-GAAP figures. The reconciliation of GAAP to non-GAAP financial measures is provided in our posted earnings release. Joining us on the call today are Professor Amnon Shashua, Mobilized CEO and President, and Moran Shamesh, Mobilized CFO. Also joining today for the Q&A session is Nimrod Nuchtan, Mobilized EVP of Business Development and Strategy. Thanks, and now I'll turn the call over to Amnon. Hello, everyone, and thanks for joining our earnings call. Starting with the results, Q1 was closely aligned with our expectations. Revenue was up 83% year-over-year compared to the unusually low Q1 of last year, due to the meaningfully drawdown of inventory in Q1 2020. Operating margins recovered sharply on a year-over-year basis due to the high revenue. Operating expense growth, 14% in Q1, should...