Mobileye Reports 83% Revenue Growth to $438 Million, Net Loss Improves

Mobileye Global Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $438 million for the three months ended March 29, 2025, an increase of 83% compared to $239 million in the same period last year. This surge in revenue was primarily driven by a 139% increase in sales of its EyeQ™ System-on-Chips (SoCs), which accounted for approximately 94% of total revenue. The company attributed this growth to the normalization of inventory levels at Tier 1 customers, which had previously impacted sales in early 2024.

Despite the revenue increase, Mobileye recorded a net loss of $102 million, an improvement from the $218 million loss reported in the prior year. The company's operating loss also decreased to $117 million from $238 million, reflecting a substantial increase in gross profit, which rose to $207 million from $54 million year-over-year. The gross margin improved significantly from 23% to 47%, largely due to the higher sales volume of EyeQ™ systems and a lower proportion of revenue from SuperVision™ products, which typically carry higher costs.

Operationally, Mobileye has expanded its customer base, now working with over 50 original equipment manufacturers (OEMs) worldwide. The company shipped approximately 8.5 million systems in the first quarter of 2025, a notable increase from 3.6 million in the same quarter of 2024. This growth is indicative of the rising demand for advanced driver assistance systems (ADAS) and autonomous driving technologies, which Mobileye has been developing for over two decades. The company’s solutions are now installed in around 1,200 vehicle models and have been deployed in over 210 million vehicles globally.

In terms of strategic developments, Mobileye continues to invest heavily in research and development, with expenses rising to $275 million from $243 million year-over-year. This increase is attributed to a higher headcount and increased stock-based compensation. The company is also navigating geopolitical challenges, particularly in Israel, where ongoing military conflicts have led to some employees being called to reserve duty. However, Mobileye has indicated that these events have not materially affected its operations to date.

Looking ahead, Mobileye remains optimistic about its growth trajectory, anticipating continued demand for its products as the automotive industry increasingly adopts ADAS technologies. The company is focused on leveraging its strong relationships with OEMs and Tier 1 suppliers to capture long-term growth opportunities, despite potential challenges posed by global economic conditions and trade policies.