Mobileye Global (MBLY) Q3 2024 Earnings Call Transcript

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In This Article:

Mobileye Global (NASDAQ: MBLY)
Q3 2024 Earnings Call
Oct 31, 2024, 8:00 a.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:


Operator

Greetings, and welcome to the Mobileye third quarter 2024 earnings call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Dan Galves. Mr. Galves, you may begin.

Dan Galves -- Chief Communications Officer

Thanks, Paul. Hello, everyone, and welcome to Mobileye's third quarter 2024 earnings conference call for the period ending September 28, 2024. Please note that today's discussion contains forward-looking statements based on the business environment as we currently see it. Such statements involve risks and uncertainties.

Please refer to the accompanying press release, which includes additional information on the specific factors that could cause actual results to differ materially. Additionally, on this call, we will refer to both GAAP and non-GAAP figures. A reconciliation of GAAP to non-GAAP financial measures is provided in our posted earnings release. Joining us on the call today are Professor Amnon Shashua, Mobileye's president and CEO; and Moran Shemesh, Mobileye's CFO.

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Also, joining for the Q&A session is Nimrod Nehushtan, Mobileye's EVP of business development and strategy. Thanks. And now I'll turn the call over to Amnon.

Amnon Shashua -- President and Chief Executive Officer

Hello, everyone, and thanks for joining our earnings call. Starting with the results. Q3 was closely aligned with our expectations, and the second half outlook overall has been stable. We view the 11% sequential increase in revenue as compared to Q2 as another sign that inventory at our customers has normalized.