Mobileye Global raised its full-year revenue forecast for fiscal 2025 on Thursday, citing improved order visibility for its autonomous driving chips as automakers begin replenishing inventories following a prolonged slowdown.
The self-driving technology firm now expects annual revenue between $1.77 billion and $1.89 billion, up from its prior guidance of $1.69 billion to $1.81 billion. The outlook upgrade comes as automakers, having previously held off on new orders due to stockpiles built during pandemic-related supply disruptions, resume procurement of driver-assistance hardware.
“Stronger visibility on industry supply-demand alignment since late-April supports our decision to raise the full-year outlook, while we continue to maintain a conservative stance given the broader macro environment,” said Amnon Shashua, CEO of Mobileye.
The company reported second-quarter revenue of $506 million, surpassing analysts’ average estimate of $480.9 million, according to LSEG data.
Mobileye also highlighted an expected inflection point in 2027, when new driver assistance products are anticipated to fuel accelerated revenue growth.
Earlier this year, new U.S. tariffs on vehicle imports and parts prompted several automakers, including Mobileye customers Porsche and Audi, to reassess their supply chains. In April, the company said it expected limited impact from the tariffs, as its customers are the direct importers of its chips. Still, analysts warn that rising production costs across the industry could prompt short-term output reductions and weigh on demand for advanced driving technologies.
Despite the improved revenue guidance, Mobileye signaled caution amid broader economic uncertainty, emphasizing a balanced approach as it navigates the evolving automotive landscape.