Mobileye Global Inc (NASDAQ:MBLY) posted solid Q2 FY25 results, beating expectations on both revenue and EPS. Management credited stronger-than-expected demand for the upside, which they expect to persist. However, guidance for Q3 came in flat year-over-year—raising some questions given the upbeat commentary. Average System Price (ASP) ticked higher but remains well below the $200 target by 2026-2027, and the company is still not profitable on a GAAP basis.
The robotaxi initiative remains in focus, particularly the partnership with Volkswagen. The first commercial deployment is targeted for mid-2026, with efforts underway in an unnamed U.S. city. Mobileye reiterated that it will operate under a dual-revenue model: system sales followed by recurring, per-mile revenue. While promising, management acknowledged that meaningful revenue contributions from this and other advanced ADAS projects likely won’t materialize until 2027.
For more details, key highlights, and commentary, check out the high-level earnings summary.
