Mobileye (Nov 2024)
from The Quarterly Call Hosted by The Quarterly Call
Mobileye's strategic objectives for its first phase as a public company remain largely intact despite unforeseen headwinds: Secure Long-Term ADAS Position: Mobileye has secured follow-on ADAS design wins from all of its top 10 customers (representing >80% of volume and 50% of global auto production) extending business into the early 2030s. "We have clearly experienced unforeseen headwinds that have impacted 2024 and 2025 market expectations, but in terms of the strategic objectives intended to set us up for major top line growth and operating leverage in 2026 and beyond, we believe we have made substantial progress." - Amnon Shashua, CEO Deploy SuperVision in China: The successful launch of SuperVision in China served as a crucial proof point for advanced products, leading to design wins with Volkswagen Group and attracting interest from other global customers. Develop and Launch EyeQ 6: Mobileye is confident in the on-time and high-quality launch of its EyeQ 6-based products, incorporating cutting-edge AI technology. The EyeQ 6 is expected to offer a superior combination of cost and performance, particularly in terms of mean time between critical interventions. Deepen Relationships with Core Customers: Mobileye has expanded its engagement for advanced products like SuperVision and Chauffeur from 1-2 to 9 out of its top 10 customers. Maintain High Profitability: Despite the challenging market environment, Mobileye is focused on maintaining profitability and driving operating leverage in the medium to long term.
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