Mobileye Global Inc - Class A
Q2 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.27%.
Did MBLY Beat Earnings? Q2 2025 Results
Mobileye delivered a convincingly strong second quarter, posting earnings per share of $0.13 against a consensus estimate of $0.11, a beat of 21.61%, while revenue of $506 million came in 2.03% ahead of the $495.91 million Wall Street expected and rose 15.3% year over year. The primary engine behind those results was a 28% surge in EyeQ chip volumes as Tier 1 customers worked through excess inventory and demand broadened across the customer base, including China-based OEMs, though higher China mix pressured average selling prices from $54.40 to $49.70 per system. Adjusted operating income climbed 34% to $106 million, with adjusted operating margin expanding roughly 295 basis points to 21%. Management responded to the momentum by raising full-year 2025 revenue guidance to $1.77 billion–$1.89 billion, up from the prior range of $1.69 billion–$1.81 billion, implying 7%–14% growth, even as investors weighed Intel's plans to reduce its stake in the company through a significant share offering.
- 28% increase in EyeQ volumes from higher customer demand and normalization of excess Tier 1 inventory
- Strong EyeQ volumes across customer base including China-based OEMs
- Steady ramp-ups of new ADAS programs
- Good end-demand for vehicles with first-generation SuperVision system
- Lower operating expenses as a percentage of revenue improving operating margin
“The business performed very well in Q2, both on the revenue growth and cost management side. Stronger visibility on industry supply-demand alignment since late-April supports our decision to raise the full-year outlook, while we continue to maintain a conservative stance given the broader macro environment.”
Mobileye CEO, on the earnings call
Forward Guidance & Outlook
Mobileye raised its full-year 2025 revenue guidance to $1,765 million–$1,885 million (up from $1,690 million–$1,810 million), implying 7%–14% year-over-year growth. Updated Operating Loss guidance is $(512) million–$(436) million (improved from $(574)–$(489) million). Adjusted Operating Income is now expected at $210 million–$286 million (up from $175 million–$260 million). The upward revision reflects higher-than-expected Q2 volumes for both EyeQ and SuperVision and improved visibility into industry supply-demand dynamics for Q3. Guidance incorporates estimated tariff impacts on US vehicle imports and components but assumes no further tariff escalation. Management expects a growth inflection in 2027 as Drive joins SuperVision as material growth drivers.
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MBLY Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.