Mobileye sees Q1 revenue down 50% year-over-year vs. $458M in 1Q23

Consensus for Q1 revenue is $563.69M. Sees revenue over the balance of the year impacted by inventory drawdowns to a much lesser extent. As a result, expects revenue for Q2 through Q4 2024 on a combined basis to be roughly flat to up mid single-digits vs. the same period in 2023, and expects inventory at our customers to be at normal levels by the end of 2024.