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Mobileye Global | 8-K: Mobileye Releases Second Quarter 2024 Results, Updates Guidance and Provides Business Overview

Mobileye Global | 8-K: Mobileye Releases Second Quarter 2024 Results, Updates Guidance and Provides Business Overview

Mobileye Global | 8-K:Mobileye发布2024年第二季度业绩,更新指南并提供业务概述
美股SEC公告 ·  2024/08/01 18:41

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Mobileye reported Q2 2024 revenue of $439 million, down 3% YoY, with diluted EPS of $(0.11). The decline was primarily due to a 10% decrease in EyeQ SoC revenue, partially offset by significant growth in SuperVision revenue. Average System Price increased to $54.4 from $51.7 in the prior year period.The company has reduced its 2024 guidance, lowering revenue expectations by 13% to $1.6-1.68 billion, primarily due to weakening conditions in China affecting industry-wide demand. The outlook reflects approximately 3.5 million units reduction in EyeQ volume expectations for H2 2024, while SuperVision volume projections were also cut due to new tariffs in US and Europe impacting delivery ramp-up.Despite near-term challenges, Mobileye remains optimistic about medium-term growth prospects, citing continued SuperVision/Chauffeur progress and expanded collaboration with Zeekr. The company is pursuing multiple high-volume opportunities in the mid-priced vehicle segments, leveraging its versatile portfolio to serve emerging OEM demands for advanced ADAS systems.
Mobileye reported Q2 2024 revenue of $439 million, down 3% YoY, with diluted EPS of $(0.11). The decline was primarily due to a 10% decrease in EyeQ SoC revenue, partially offset by significant growth in SuperVision revenue. Average System Price increased to $54.4 from $51.7 in the prior year period.The company has reduced its 2024 guidance, lowering revenue expectations by 13% to $1.6-1.68 billion, primarily due to weakening conditions in China affecting industry-wide demand. The outlook reflects approximately 3.5 million units reduction in EyeQ volume expectations for H2 2024, while SuperVision volume projections were also cut due to new tariffs in US and Europe impacting delivery ramp-up.Despite near-term challenges, Mobileye remains optimistic about medium-term growth prospects, citing continued SuperVision/Chauffeur progress and expanded collaboration with Zeekr. The company is pursuing multiple high-volume opportunities in the mid-priced vehicle segments, leveraging its versatile portfolio to serve emerging OEM demands for advanced ADAS systems.
Mobileye 报告 2024 年第二季度营业收入为43900万美元,同比下降3%,摊薄后每股收益为$(0.11)。下降的主要原因是 EyeQ SoC 收入减少了10%,部分地被 SuperVision 收入的显著增长所抵消。平均系统价格从去年的51.7美元上升至54.4美元。该公司已降低2024年的指导,营业收入预期下降13%至160-168亿,主要是由于中国经济环境的恶化影响了行业的需求。展望显示,2024年下半年的 EyeQ 成交量预期减少大约350万台,而由于美国和欧洲的新关税影响交付的加速,SuperVision 成交量预期也有所下调。尽管面临短期挑战,Mobileye 对中期增长前景仍持乐观态度,提到 SuperVision/Chauffeur 的持续进展和与极氪的扩大合作。该公司正在追求多个中档汽车细分市场的高成交量机会,利用其多样化的产品组合来满足新兴OEM对先进ADAS系统的需求。
Mobileye 报告 2024 年第二季度营业收入为43900万美元,同比下降3%,摊薄后每股收益为$(0.11)。下降的主要原因是 EyeQ SoC 收入减少了10%,部分地被 SuperVision 收入的显著增长所抵消。平均系统价格从去年的51.7美元上升至54.4美元。该公司已降低2024年的指导,营业收入预期下降13%至160-168亿,主要是由于中国经济环境的恶化影响了行业的需求。展望显示,2024年下半年的 EyeQ 成交量预期减少大约350万台,而由于美国和欧洲的新关税影响交付的加速,SuperVision 成交量预期也有所下调。尽管面临短期挑战,Mobileye 对中期增长前景仍持乐观态度,提到 SuperVision/Chauffeur 的持续进展和与极氪的扩大合作。该公司正在追求多个中档汽车细分市场的高成交量机会,利用其多样化的产品组合来满足新兴OEM对先进ADAS系统的需求。
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