Intel Autonomous Driving Firm Mobileye Reaffirms 2025 Outlook After Record Q1 Growth

Mobileye Global Inc (NASDAQ: MBLY) stock gained Thursday after it reported its fiscal first-quarter 2025 results.The company reported a quarterly revenue growth of 83% year-on-year to $438 million, beating theanalyst consensus estimate of $435.2 million.Adjusted EPS of 8 cents was in line with the analyst consensus estimates. Also Read: Semiconductor Firm Valens ‘Dominates’ Pro-AV, Scores Wins With Mercedes And Mobileye: AnalystEyeQ and SuperVision revenue was $415 million versus $219 million a year ago. The Average System Price was $49.00, down from $61.00 in the prior year.The numberof systems shipped rose to 8.5 million from 3.6 million a year ago.Gross margin climbed by 2,467 bps to 47%Adjusted gross margin improved by 680 bps to 69% due to changes in the volume mix between EyeQ SoC and SuperVision.The adjusted operating margin was 13%, up from (27)% a year ago. Mobileye held $1.51 billion in cash and equivalents as of March 29, and generated a quarterly operating cash flow of $109 million.Mobileye CEO Amnon Shashua said the first quarter was one of the largest quarters on record regarding projected future volumes.Among the company’s milestones: An ADAS design win with a customer it had not had since 2016The first Surround ADAS design win with Volkswagen VWAGY, and Acceleration for its Mobileye Drive robotaxi solution.Outlook: Mobileye reiterated fiscal 2025 revenue of $1.69 billion-$1.81 billion versus the $1.76 billion analyst consensus estimate and adjusted operating income to $175 million-$260 million.The company expects second-quarter revenue of $469.73 million compared to analyst estimates of $432.42 million.Price Action: Mobileye stock is up 4.55% at $13.80 premarket at the last check Thursday.Read Next:Mobileye Lands VW Deal For Advanced Driving Tech, Paving Way To Higher Margins, Market Share: AnalystImage: Shutterstock