Mobileye Global beat third-quarter revenue estimates, highlighting resilient demand for its advanced driver-assistance and self-driving chips. The Intel spinoff reported revenue of about $504 million, surpassing analyst expectations of roughly $481 million. The strong performance was driven by renewed orders from automakers that had previously slowed purchases amid excess inventory. As production ramps up, Mobileye raised the lower end of its full-year guidance to a range of $1.85 billion to $1.89 billion, reflecting increased confidence in the automotive market’s recovery.
The results signal that demand for assisted driving technologies remains solid, even as the broader auto sector navigates economic uncertainty and shifting consumer preferences. Mobileye’s EyeQ chip family continues to underpin its market leadership in driver-assistance systems, used by major automakers worldwide. However, the company cautioned that margins could tighten as lower-priced, high-volume products make up a greater share of shipments.
Investors welcomed the revenue beat and guidance raise, viewing it as a sign that the company’s fundamentals are strengthening after a cautious 2024. Still, analysts note potential headwinds from tariffs, regulatory changes, and the slow rollout of fully autonomous vehicles. The performance underscores Mobileye’s key role in bridging today’s driver-assist systems with tomorrow’s autonomous driving future.
Mobileye beats quarterly revenue estimates on resilient self-driving chip demand
Mobileye Global beat Wall Street expectations for third-quarter revenue on Thursday, as automakers ramped up orders of the company's driver-assisted chips in a rush to adopt autonomous software.
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