Mobileye Global rises on annual revenue forecast raise

Mobileye Global

24/07/2025 12:14

** Self-driving technology firm Mobileye Global's MBLY.O shares rise 6.2% to $17.10 premarket

** MBLY raises its annual revenue forecast to between $1.77 billion and $1.89 billion vs co's prior expectations of $1.69 billion to $1.81 billion

** "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" - CEO Amnon Shashua

** As of last close, stock was down ~19% this year

 (Reporting by Jaspreet Singh in Bengaluru)

 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))