Mobileye Guides FY Revenue $1.97B-$2.02B, Below Consensus
MBLY sits 36% above its 52-week low of $6.47.
Summary
Mobileye issued FY revenue guidance of $1.97B-$2.02B, which falls short of the $2.15B consensus. The midpoint of $1.995B implies roughly flat growth year-over-year, a disappointment for a company previously seen as a high-growth ADAS leader. This follows a turbulent period including a $3.79B goodwill impairment in Q1 and a controversial $900M related-party acquisition. The guidance miss reinforces concerns about slowing demand and competitive pressures in the advanced driver-assistance market. Investors will look for management's explanation on the upcoming earnings call, likely scheduled within weeks.
At the time of this announcement, MBLY was trading at $8.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $7.4B. The 52-week trading range was $6.47 to $17.12. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.