Mobileye Global (MBLY) Deutsche Bank Global Auto Industry Conference summary

Business performance and inventory management

• Stable market demand and global production have kept volume outlook on track for the year.

• 70%-75% of excess inventory was cleared in Q1, with normalization expected by end of Q2.

• Enhanced communication and data sharing with Tier 1 suppliers now provide better inventory visibility.

SuperVision product and market dynamics

• SuperVision shipments are tracking within the guided range of 175-195k units, with some volatility due to limited models.

• Zeekr 001 volumes improved after a refresh, while Polestar 4 faces potential U.S. tariff headwinds.

• FAW is expected to launch in Q4, contributing more volume in the following year.

• Tariffs on Chinese EVs create both risks and opportunities, influencing market share and competitive urgency.

Powertrain exposure and OEM strategy

• Base ADAS business is underexposed to EVs, while SuperVision initially focused on EVs but future launches will be balanced between EV and ICE.

• OEMs are shifting to a more balanced approach, extending advanced tech to both EVs and ICE vehicles.

• Recent portfolio replanning by OEMs delayed some decisions but did not impact the pipeline of design wins.