Mobileye Global reported Q3 2024 revenue of $486 million, down 8% YoY due to reduced EyeQ volumes, particularly in China. The company posted a GAAP operating loss of $2.8 billion, impacted by a $2.7 billion non-cash goodwill impairment charge. Adjusted operating income was $78 million, down 57% YoY.Average system price declined slightly to $53.3. The company generated $196 million in operating cash flow for the first nine months of 2024. Mobileye maintained its full-year 2024 revenue guidance of $1.62-1.66 billion.CEO Amnon Shashua highlighted progress on advanced engagements with top customers and execution of Volkswagen production programs. The company is focusing on maintaining its ADAS position, deepening relationships with key customers, and executing its EyeQ6-based advanced products leveraging AI approaches.

Mobileye Global reported Q3 2024 revenue of $486 million, down 8% YoY due to reduced EyeQ volumes, particularly in China. The company posted a GAAP operating loss of $2.8 billion, impacted by a $2.7 billion non-cash goodwill impairment charge. Adjusted operating income was $78 million, down 57% YoY.Average system price declined slightly to $53.3. The company generated $196 million in operating cash flow for the first nine months of 2024. Mobileye maintained its full-year 2024 revenue guidance of $1.62-1.66 billion.CEO Amnon Shashua highlighted progress on advanced engagements with top customers and execution of Volkswagen production programs. The company is focusing on maintaining its ADAS position, deepening relationships with key customers, and executing its EyeQ6-based advanced products leveraging AI approaches.