** MBLY raises its annual revenue forecast to between $1.77 billion and $1.89 billion vs co's prior expectations of $1.69 billion to $1.81 billion
** "Stronger visibility on industry supply-demand alignment since late-April supports our decision to raise the full-year outlook, while we continue to maintain a conservative stance given the broader macro environment" - CEO Amnon Shashua
** As of last close, stock was down ~19% this year
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