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Mobileye Global Inc. - MBLY STOCK NEWS

Welcome to our dedicated page for Mobileye Global news (Ticker: MBLY), a resource for investors and traders seeking the latest updates and insights on Mobileye Global stock.

Mobileye Global Inc. (MBLY) is at the forefront of developing and deploying advanced driver-assistance systems (ADAS) and autonomous driving technologies. The company offers a comprehensive range of end-to-end solutions designed to address the evolving needs of the autonomous driving industry. Mobileye's core offerings include Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, and Mobileye Drive, among others. These solutions integrate cutting-edge software and purpose-built hardware to enhance the safety and efficiency of driving.

Mobileye's advanced technologies are utilized to expedite maintenance operations through AI-powered road survey technology, providing data services that improve infrastructure management. The company is recognized for its innovative contributions to autonomous driving and its robust portfolio of technologies that are designed to meet the demands of the future driving landscape.

As the only reportable operating segment, Mobileye continues to focus on driving advancements in autonomous vehicle technology and maintaining its position as an industry leader. The company collaborates with automotive manufacturers and technology partners globally to deliver enhanced safety features and autonomous driving capabilities. With its commitment to innovation and excellence, Mobileye is shaping the future of transportation.

News

Volkswagen ADMT Announces Agreement With Mobileye for Autonomous Driving

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Volkswagen partners with Mobileye to develop autonomous Level 4 service vehicle for commercial use in Europe and the USA, utilizing advanced technology and shared modules within Volkswagen Group.
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Automated driving: Volkswagen Group intensifies collaboration with Mobileye

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Volkswagen and Mobileye collaborate to bring new automated driving functions to series production. Audi, Bentley, Lamborghini, and Porsche to adopt Mobileye technologies for premium driving features. Volkswagen Commercial Vehicles to receive autonomous driving technology from Mobileye.
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Mobileye to Wind Down Aftermarket Solutions Unit

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Mobileye to wind down its aftermarket solutions unit due to declining demand for retrofitted ADAS technology. Revenues have declined to $40 million annually. The company will now focus on advanced driver assist technologies and autonomous driving.
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Mobileye Announces Change to its Board of Directors

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Mobileye Global Inc. (Nasdaq: MBLY) announces the resignation of Jon M. Huntsman, Jr. from its Board of Directors to pursue a new executive role. Huntsman, a board member since October 2022, was a key figure in shaping Mobileye's business strategy and technological roadmap. The company expresses gratitude for his contributions and begins the search for a new independent director.
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Mobileye Announces Participation at Morgan Stanley Technology, Media & Telecom Conference

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Mobileye Global Inc. (MBLY) announces Dan Galves, Chief Communications Officer, presenting at Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024. Webcast available for 90 days. Check IR site for more details.
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Mobileye Releases Fourth-Quarter and Full-Year 2023 Results and Provides Business Overview

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Mobileye Global Inc. (Nasdaq: MBLY) reported a 13% increase in revenue to $637 million in the fourth quarter of 2023, with significant improvements in operating income and adjusted operating income. The company generated net cash from operating activities of $394 million and has a strong balance sheet with $1.2 billion of cash and cash equivalents and zero debt. Mobileye achieved design wins projected to generate future revenue of $7.4 billion across 61 million units in 2023, and saw a very successful year in business development and strategy. The company is focused on executing a meaningful improvement in Q2 revenue and normalization of revenue in the second half of 2024, despite an inventory build-up at its customers impacting growth.
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HiRain to Mass Produce First Mobileye EyeQ™6-Based ADAS System in China

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HiRain Technologies and Mobileye announce the upcoming production of the Mobileye EyeQ™6 Lite based ADAS system, set to debut in China in the second quarter of 2024. This collaboration aims to advance automotive safety and comfort features, with the EyeQ6 Lite offering real-time detection and analysis of surroundings, supporting Cloud-Enhanced ADAS, and meeting ENCAP2023 5-star compliance. The project signifies a significant stride in automotive safety and technological sophistication, reflecting a robust partnership between the two companies.
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Mobileye Announces Timing of its Fourth Quarter and Full Year 2023 Results

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Mobileye Global Inc. (Nasdaq: MBLY) will release its financial results for the fourth quarter and full year 2023 on Thursday, January 25, 2024, before market open. The company will host a conference call to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye’s investor relations site, and a replay of the webcast will be made available shortly after the event’s conclusion.
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Mobileye Expands Collaboration with Mahindra and Mahindra to Explore Next-Generation Advanced Driving Technology

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Mobileye (MBYE) Expands Collaboration with Mahindra and Mahindra (M&M) to Explore Next-Generation Advanced Driving Technology
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Mobileye Reveals New Wins for Key Tech Platforms with Large Global Automaker

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Mobileye (MBLY) has been awarded production design wins by a major Western automaker, leading to the implementation of new automated driving solutions using three key platforms across 17 vehicle models starting from 2026. The awards represent a historic milestone in the development of automated driving, increasing its availability to customers globally. The company will work with various brands to develop hands-off, eyes-on driving and eyes-off, hands-off advanced driving solutions, as well as fully autonomous vehicles for robotaxi and mobility-as-a-service operations.
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FAQ

What is the current stock price of Mobileye Global (MBLY)?

The current stock price of Mobileye Global (MBLY) is $11.55 as of September 6, 2024.

What is the market cap of Mobileye Global (MBLY)?

The market cap of Mobileye Global (MBLY) is approximately 9.5B.

What does Mobileye Global Inc. specialize in?

Mobileye specializes in developing and deploying ADAS and autonomous driving technologies and solutions.

What are some of the solutions offered by Mobileye?

Mobileye offers Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, and Mobileye Drive.

How does Mobileye contribute to infrastructure management?

Mobileye uses AI-powered road survey technology to provide data services that expedite maintenance operations.

Is Mobileye an industry leader?

Yes, Mobileye is recognized as an industry leader in autonomous driving technology.

Who does Mobileye collaborate with?

Mobileye collaborates with automotive manufacturers and technology partners globally.

What is Mobileye's approach to autonomous driving?

Mobileye develops end-to-end solutions integrating advanced software and hardware to enhance driving safety and efficiency.

What are the key technologies developed by Mobileye?

Mobileye develops technologies like Driver Assist, Mobileye SuperVision, Mobileye Chauffeur, and Mobileye Drive.

Does Mobileye provide services beyond autonomous driving?

Yes, Mobileye also offers data services for road maintenance through AI-powered survey technology.

What type of company is Mobileye Global Inc.?

Mobileye Global Inc. is a company focused on ADAS and autonomous driving technologies.

What is the significance of Mobileye's technologies?

Mobileye's technologies are crucial for enhancing vehicle safety, efficiency, and paving the way for future autonomous transportation.

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Mobileye Global Inc.

Nasdaq:MBLY

MBLY Rankings

#836 Ranked by Market Cap
N/A Ranked by Dividends

MBLY Stock Data

9.46B
99.55M
3.42%
122.08%
1.82%
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