Mobileye reports Q2 2024 revenue of $439 million, down 3% YOY
Mobileye faces challenges in China, but expects growth with new programs and partnerships
According to a press release on Aug. 1, Mobileye reported a 3% year-over-year decrease in revenue to $439 million for the second quarter of 2024, attributing the decline to a 10% decrease in EyeQ system-on-chip (SoC)-related revenue, largely due to the use of excess inventory by tier 1 customers.
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