Mobileye (MBLY) Q4 2024 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 14, 2026 astatine 11:38 AM CDT 42 min read

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Thursday, January 30, 2025 astatine 8 a.m. ET

• Chief Executive Officer — Prof. Amnon Shashua

• Chief Financial Officer — Moran Shemesh

• Executive Vice President, Business Development and Strategy — Nimrod Nehushtan

• Chief Communications Officer — Dan Galves

Prof. Amnon Shashua: Hello everyone, and acknowledgment for joining our net call. Starting with the results. Q4 was intimately aligned with our expectations. EyeQ measurement was a spot amended than expected and was up 9% versus the Q3. The upside was mostly related to higher than expected measurement from Chinese home OEMs who continued to bid supra the levels we talked astir backmost successful July, ASP's gross borderline and operating expenses were aligned with our reappraisal astatine the opening of the quarter. Operating borderline of 21% was astir 5 points higher than Q3.

Operating currency travel was robust successful 2024, finishing up astatine $400 million, that was level compared to 2023 contempt important year-over-year gross and net declines driven PRI chiefly by the antecedently disclosed inventory digestion play we experienced successful the archetypal half. Operating currency travel was astir treble our non-GAAP nett income successful 2024. Moran volition screen the guidance successful much item successful a fewer minutes, but I'll archetypal acceptable the stage. [Indiscernible] is that if we usage indications from our customers for the afloat year, our guidance would beryllium higher, that we similar to instrumentality blimpish attack that accounts for the hazard that uncertainties negatively impact earnings.

Our apical 10 customers we're assuming planetary accumulation volumes meaningfully worse than they assumed, than that assumed by third-party forecasters. The Chinese OEMs forecasting remains hard owed to little visibility we receive. Volumes look to person stabilized successful the 2 cardinal positive annualized scope successful the 2nd fractional of 2024, higher than we had expected respective months ago, but we're assuming a deterioration from that level simply to relationship for the debased visibility. On SuperVision, we're assuming astir fractional of the existent tally complaint of end-market request for the vehicles we are on.

On Zeekr, we are electing to relationship for the hazard that Zeekr could take to spell with our in-house strategy connected Zeekr009, which is presently moving astatine 2000 units to 3000 units per month. We person nary denotation that this is planned, but we are unwilling to beryllium amazed again. On Polestar, we're assuming volumes of Polestar 4 to stay astatine existent levels contempt their stated plans for further geographic expansion. Turning to seasonality arsenic a percent of the midpoint of the afloat twelvemonth gross guidance, our resumption for Q1 gross is 25% of the afloat year.