Three months ago, Israeli Advanced Driver Assistance Systems (ADAS) Company Mobileye Global Inc (NASDAQ: MBLY) published an annual forecast that disappointed investors, but emphasized it was a conservative outlook. Now, despite recent dramatic changes in the market, Mobileye has reaffirmed the same outlook.
In its first quarter financial results, Mobileye beat analysts’ expectations for revenue and met expectations for non-GAAP net profit. Revenue for the first quarter of 2025 was $438 million (over analysts’ forecast of $435 million), an 83% increase from the 2024 response quarter.
The GAAP net loss in the first quarter was down 52% from the corresponding quarter to $102 million. Non-GAAP net income was $63 million from net losses last quarter. Earnings per share for the first quarter was $0.08, in line with analysts’ forecasts.
Professor Shashua: We meet the outlook we have given
“Based on an analysis of the strong revenue trends so far and the potential productive impact of current tariff conditions (including recent external forecasts), we continue to hope that we will meet the range of revenue and profitability offered in our outlook,” said Amnon Shashua, president and CEO of Mobile.
Mobileye’s annual guidance concerns revenues between $16.9-18.1 billion, reflecting revenues of $175-$260 million in 2025. The company expects second quarter revenue to be 7% higher than the 2025 Corre3Sponding quarter (i.e. it will rise to $470 million).
Mobileye says business development activities will be particularly strong in the first quarter, including acquiring surround ADAS projects, accelerating the transportation as a service sector and continuing progress towards winning additional projects.
“Business development activities were strong in the first quarter. In fact, the first quarter was one of the largest quarters on record in terms of predicted future volume from design victory,” Shashua said.
Mobileye is managed by Intel, which recently appointed Lip-Bu Tan as its new CEO. Tan wants to focus on Intel’s core activities, and many believe he will sell Holdings.
Mobileye is trading on Nasdaq at a market capitalization of $10.7 million. The stock has fallen 33.7% since the beginning of the year.
Published by Globes, Israel Business News – En.globes.co.il – April 24, 2025.
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