Reconciliation of GAAP Gross Profit and Margin to Non-GAAP Adjusted Gross Profit and Margin3 (unaudited)
|
Three Months Ended |
|
Six Months Ended |
||||||||||||
U.S. dollars in millions |
July 1, 2023 |
|
July 2, 2022 |
|
July 1, 2023 |
|
July 2, 2022 |
||||||||
|
Amount |
% of
|
|
Amount |
% of
|
|
Amount |
% of
|
|
Amount |
% of
|
||||
Gross Profit |
$ |
224 |
49 % |
|
$ |
229 |
50 % |
|
$ |
431 |
47 % |
|
$ |
405 |
47 % |
Add: Amortization of acquired intangible assets |
|
101 |
22 % |
|
|
115 |
25 % |
|
|
217 |
24 % |
|
|
240 |
28 % |
Add: Share-based compensation expense |
|
1 |
— % |
|
|
— |
— % |
|
|
2 |
— % |
|
|
— |
— % |
Adjusted Gross Profit |
$ |
326 |
72 % |
|
$ |
344 |
75 % |
|
$ |
650 |
71 % |
|
$ |
645 |
76 % |
3Adjusted gross margin is calculated as adjusted gross profit as a percentage of revenue
Mobileye Global Inc.
Reconciliation of GAAP Operating Income (loss) and Margin to Non-GAAP Adjusted Operating Income and Margin4
