Revenue: As of FY2025, the actual value is USD 1.894 B, beating the estimate of USD 1.878 B.EPS: As of FY2025, the actual value is USD -0.48, missing the estimate of USD -0.4718.EBIT: As of FY2025, the actual value is USD -440 M.<h4>Revenue</h4>Mobileye Global Inc.’s revenue was $1,894 million in 2025, marking a 15% increase from $1,654 million in 2024. This growth was primarily fueled by a 22% rise in EyeQ™ SoC revenue, driven by a 23% volume increase due to the normalization of excess inventory from Tier 1 customers in the first half of 2024. In contrast, 2024 revenue decreased by 20% from $2,079 million in 2023, largely due to a 24% decrease in EyeQ™ SoC revenue volume, attributed to significant inventory build-up at Tier 1 customers in late 2023. EyeQ™ SoC sales represented approximately 91% of revenue in 2025 and 86% in 2024, with SuperVision™ products accounting for most of the remaining revenue in both years.<h4>Gross Profit and Margin</h4>Gross profit for Mobileye Global Inc. increased by 22% to $904 million in 2025 from $741 million in 2024. The gross margin improved from 45% in 2024 to 48% in 2025, mainly due to a lower impact of amortization of intangible assets as a percentage of revenue and an increased percentage of revenue from EyeQ™ SoCs. In 2024, gross profit decreased by 29% from $1,047 million in 2023, and gross margin declined from 50% in 2023 to 45% in 2024, primarily due to decreased EyeQ™ SoC sales and a higher impact of amortization of intangible assets.Adjusted Gross Profit was $1,283 million in 2025, up from $1,119 million in 2024, with an Adjusted Gross Margin of 68% in both years. In 2023, Adjusted Gross Profit was $1,455 million, and Adjusted Gross Margin was 70%.<h4>Operating Expenses</h4>Total operating expenses for Mobileye Global Inc. were $1,344 million in 2025, a significant decrease from $3,966 million in 2024, largely influenced by a goodwill impairment recognized in 2024. In 2023, total operating expenses were $1,080 million.<ul><li>Research and Development (R&amp;D), net: R&amp;D expenses, net, increased by 6% to $1,151 million in 2025 from $1,083 million in 2024, driven by higher payroll and related expenses due to increased headcount. In 2024, R&amp;D expenses increased by 22% from $889 million in 2023.</li><li>Sales and Marketing: Sales and marketing expenses decreased by 4% to $113 million in 2025 from $118 million in 2024. Expenses remained flat at $118 million in 2024 compared to 2023.</li><li>General and Administrative (G&amp;A): G&amp;A expenses increased by 14% to $80 million in 2025 from $70 million in 2024. In 2024, G&amp;A expenses decreased by 4% from $73 million in 2023.</li><li>Goodwill Impairment: No goodwill impairment was recorded in 2025, but a non-cash impairment loss of $2,695 million was recognized in 2024.</li></ul><h4>Operating Income (Loss) and Margin</h4>Mobileye Global Inc. reported an operating loss of -$440 million in 2025, a significant improvement from -$3,225 million in 2024. In 2023, the operating loss was -$33 million.Adjusted Operating Income increased to $280 million in 2025 from $193 million in 2024, with the Adjusted Operating Margin rising from 12% in 2024 to 15% in 2025. In 2023, Adjusted Operating Income was $693 million, with an Adjusted Operating Margin of 33%.<h4>Net Income (Loss)</h4>Net loss for Mobileye Global Inc. was -$392 million in 2025, a substantial decrease from -$3,090 million in 2024, primarily due to the goodwill impairment in 2024. In 2023, net loss was -$27 million.Adjusted Net Income was $286 million in 2025, up from $205 million in 2024. In 2023, Adjusted Net Income was $659 million.<h4>Cash Flow</h4><ul><li>Net cash provided by operating activities: Mobileye Global Inc. generated $602 million from operating activities in 2025, an increase from $400 million in 2024, mainly due to higher revenue and decreased inventories. In 2024, operating cash flow was $400 million, a slight increase from $394 million in 2023.</li><li>Net cash used in investing activities: Cash used in investing activities was -$91 million in 2025, compared to -$120 million in 2024 and -$98 million in 2023. Capital expenditures were -$79 million in 2025 and -$81 million in 2024.</li><li>Net cash used in financing activities: Cash used in financing activities was -$106 million in 2025, primarily due to a -$100 million share repurchase from Intel and share-based compensation recharge payments. In 2024, it was -$66 million, and in 2023, -$100 million.</li></ul><h4>Unique Metrics</h4><ul><li>Systems Shipped: Mobileye Global Inc. shipped approximately 35.7 million EyeQ™ SoC and SuperVision™ systems in 2025, up from 29.0 million in 2024, but down from 37.4 million in 2023.</li><li>Vehicle Deployments: As of December 27, 2025, solutions were installed in approximately 1,400 vehicle models, and SoCs were deployed in over 230 million vehicles. The company is actively working with more than 50 OEMs worldwide.</li><li>REM™ Data: In 2025, 34.5 billion miles of road data were collected from over 8 million REM™-enabled vehicles, bringing the total since 2018 to 91.5 billion miles. As of December 27, 2025, this accumulated data covers over 95% of motorways, trunks, and primary roads in the United States and Europe.</li></ul><h4>Outlook / Guidance</h4>Mobileye Global Inc. anticipates that R&amp;D, sales and marketing, and G&amp;A expenses will increase in absolute dollars but decrease as a percentage of total revenue. The company expects its Adjusted Operating Margin and Adjusted Net Income (Loss) Margin to improve in the mid-term, driven by these decreasing operating expenses as a percentage of revenue, despite an expected decrease in Adjusted Gross Margin over time. Total capital expenditures for 2026 are projected to be higher compared to 2025.

Mobileye Global | 10-K: FY2025 Revenue Beats Estimate at USD 1.894 B