Mobileye Global Inc. (NASDAQ:MBLY) posted solid FY2025 Q1 results, meeting expectations on both the top and bottom line. However, some underlying metrics warrant attention. The Average Selling Price (ASP) continued to decline, suggesting that Mobileye’s strategy of driving higher adoption of additional products is not gaining meaningful traction. During the prior Analyst Day, management had projected that greater adoption would push ASPs north of $200.
On a more positive note, the recent partnerships with Uber/Waymo and Lyft represent significant opportunities that could materially impact Mobileye’s valuation. The autonomous mobility space remains early-stage with no clear leaders, and while many companies have made bold projections, it remains a “wait and see” environment for now.
For more details, key highlights, and commentary, check out the high-level earnings summary.
