Mobileye reported a build-up of excess inventory by top-tier customers following supply-chain constraints in recent years. + Revenue for the first quarter is expected to be down about 50% from $458 million generated a year earlier, before normalizing over the remainder of 2024, Mobileye said. + Mobileye forecast revenue for full-year 2024 at between $1.83 billion and $1.96 billion, down from the about $2.08 billion to $2.08 billion it now expects for 2023.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles