Mobileye Releases Preliminary FY2023 Financial Results and Initial 2024 Outlook

JERUSALEM — (BUSINESS WIRE) — January 4, 2024 — Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today releases preliminary FY2023 results and a preliminary financial outlook for FY2024.

FY2023 and Q4 2023 Preliminary Financial Results

The table below sets forth preliminary estimated financial results for our fourth quarter and full year of 2023. We have not yet finalized our financial results for the fourth quarter and our actual results could differ from those set forth below as we complete our financial close and our auditors complete their audit.

Our preliminary results reflect revenue consistent with the guidance provided on October 26, 2023 and Operating Income (Loss) and Adjusted Operating Income that are moderately better than expected.

 

 

Preliminary Results

Full Year 2023

 

Previous Guidance

Full Year 2023

U.S. dollars in millions

 

Low

 

High

 

Low

 

High

Revenue

 

$

2,076

 

 

$

2,080

 

 

$

2,065

 

 

$

2,090

 

Operating Loss

 

$

(39

)

 

$

(33

)

 

$

(79

)

 

$

(62

)

Amortization of acquired intangible assets

 

$

474

 

 

$

474

 

 

$

474

 

 

$

474

 

Share-based compensation expense

 

$

252

 

 

$

252

 

 

$

253

 

 

$

253

 

Adjusted Operating Income

 

$

687

 

 

$

693

 

 

$

648

 

 

$

665

 

 

 

Preliminary Results

Q4 2023

 

Previous Implied Guidance

Q4 2023

U.S. dollars in millions

 

Low

 

High

 

Low

 

High

Revenue

 

$

634

 

$

638

 

$

623

 

$

648

Operating Income

 

$

67

 

$

73

 

$

27

 

$

44

Amortization of acquired intangible assets

 

$

112

 

$

112

 

$

112

 

$

112

Share-based compensation expense

 

$

62

 

$

62

 

$

63

 

$

63

Adjusted Operating Income

 

$

241

 

$

247

 

$

202

 

$

219


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