Mobileye Releases Third Quarter 2023 Results, Updates Guidance and Provides Business Overview

4Adjusted operating margin is calculated as adjusted operating income as a percentage of revenue

Mobileye Global Inc.
Reconciliation of GAAP Net Income (loss) to Non-GAAP Adjusted Net Income (unaudited)

 

Three Months Ended

 

Nine months Ended

U.S. dollars in millions

September 30, 2023

 

October 1, 2022

 

September 30, 2023

 

October 1, 2022

 

Amount

% of
Revenue

 

Amount

% of
Revenue

 

Amount

% of
Revenue

 

Amount

% of
Revenue

Net Income (Loss)

$

17

 

3

%

 

$

(45

)

(10

%)

 

$

(90

)

(6

%)

 

$

(112

)

(9

%)

Add: Amortization of acquired intangible assets

 

111

 

21

%

 

 

131

 

29

%

 

 

362

 

25

%

 

 

413

 

32

%

Add: Share-based compensation expense

 

63

 

12

%

 

 

36

 

8

%

 

 

190

 

13

%

 

 

112

 

9

%

Add: Expenses related to the Mobileye IPO

 

 

%

 

 

1

 

%

 

 

 

%

 

 

4

 

%

Less: Income tax effects

 

(10

)

(2

%)

 

 

(9

)

(2

%)

 

 

(31

)

(2

%)

 

 

(27

)

(2

%)

Adjusted Net Income

$

181

 

34

%

 

$

114

 

25

%

 

$

431

 

30

%

 

$

390

 

30

%


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