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- Mobileye raises annual revenue view on strong self-driving chip demand</p>
<p>July 24, 2025 at 9:08 PM</p>
<p>(Reuters) -Self-driving technology firm Mobileye Global raised its forecast for fiscal 2025 revenue on Thursday, anticipating a rise in orders for its autonomous driving chips as customers clear existing inventory.</p>
<p>Shares of the company rose over 4% in premarket trading.</p>
<p>Automakers have largely resumed placing orders for self-driving hardware after an inventory surplus — caused by COVID-19-related supply concerns some years ago — led to a prolonged slump in demand.</p>
<p>"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 Mobileye CEO Amnon Shashua.</p>
<p>He adds that Mobileye will see an inflection point in 2027, as upcoming driver assistance products are expected to give a boost to revenue growth.</p>
<p>U.S. government tariff announcements on vehicles and parts earlier this year shook the automotive industry, leading automakers, including some Mobileye customers — such as Porsche and Audi — to adjust supply chains and mitigate business impacts.</p>
<p>In April, Mobileye had said that it would be relatively insulated from the tariffs, since its customers are the importers of its driver-assistance chips.</p>
<p>"While tariffs remain in place, the actual impact on production and consumer demand appears rather limited," Mobileye executives said on a post-earnings conference.</p>
<p>Company executives also said there are no indications from customers that fourth-quarter shipment volumes will weaken, easing concerns about a potential slowdown in demand for vehicles equipped with Mobileye technology despite the threat of higher manufacturing costs due to auto tariffs.</p>
<p>Mobileye now expects annual revenue between $1.77 billion and $1.89 billion, compared with its previous forecast of $1.69 billion to $1.81 billion.</p>
<p>The company reported revenue of $506 million in the second quarter, beating estimates of $480.9 million, according to data compiled by LSEG.</p>
<p>(Reporting by Zaheer Kachwala in Bengaluru; Editing by Tasim Zahid)</p>
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