¹ Mobileye’s revenue for the periods presented represent estimated volumes based on projections of future production volumes that were provided by our current and prospective OEMs at the time of sourcing the design wins for the models related to those design wins. See the disclaimer under the heading “Forward-Looking Statements” below for important limitations applicable to these estimates.

² Average System Price is calculated as the sum of revenue related to EyeQ® and SuperVision systems, divided by the number of systems shipped.

Updated Financial Guidance for the 2023 Fiscal Year

We are updating our guidance for the 2023 fiscal year that we last provided on July 27, 2023:

		Updated Guidance Full Year 2023								Previous Guidance Full Year 2023
U.S. dollars in millions		Low				High				Range
Revenue		$	2,065			$	2,090			$	2,065 - 2,114
Operating Loss		$	(79	)		$	(62	)		$	(129) - (98	)
Amortization of acquired intangible assets		$	474			$	474			$	474
Share-based compensation expense		$	253			$	253			$	255
Adjusted Operating Income		$	648			$	665			$	600 - 631

Our updated guidance reflects a 0.6% reduction in expected Revenue, at the midpoint, as we now expect SuperVision shipments in Q4 of 2023 to be at the lower end of what was incorporated into our previous guidance. Our updated guidance also reflects an improvement in expected Operating Loss (GAAP) and Adjusted Operating Income (Non-GAAP), at the midpoint, of 37% and 7%, respectively, due to lower than expected operating expenses, both in Q3 and Q4 of 2023.