Innoviz Technologies (NASDAQ:INVZ) Posts Quarterly Earnings Results, Meets Expectations

Innoviz Technologies (NASDAQ:INVZ) posted its quarterly earnings data on Wednesday. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08), FiscalAI reports. The business had revenue of $18.08 million during the quarter, compared to analyst estimates of $16.33 million. Innoviz Technologies had a negative net margin of 153.10% and a negative return on equity of 107.55%.

Here are the key takeaways from Innoviz Technologies’ conference call:

• Record second-quarter revenue reached $18.1 million, driven by increased NRE recognition and program milestones; management said gross margins returned to positive territory and expects positive full-year gross margins.
• Innoviz launched its Perciz defense and security brand and received a first $3.5 million order for several hundred LiDAR units used in counter-UAS and perimeter-security applications. Management said the order is about halfway toward its 2026 defense backlog target and expects non-automotive revenue to rise to 20%-30% of total revenue in 2027.
• The automotive pipeline remains active, including a new LiDAR perception-stack development project with a top-10 global OEM, continued ID. Buzz deployments in six cities, and programs with Mobileye, Volkswagen, Daimler Truck, and others that are expected to support future production ramps.
• Innoviz reiterated its 2026 revenue outlook of $67 million-$73 million, expects $20 million-$30 million in additional NRE payments, and plans to add two to three new programs this year, although revenue is expected to be heavily weighted toward the fourth quarter.
• The company ended the quarter with $48.5 million in cash, short-term deposits, and marketable securities, and subsequently raised $30 million in gross proceeds through a registered direct offering. Management expects the financing to extend operational runway into 2028, while quarterly cash use for operations and capital expenditure was approximately $15.2 million.

Innoviz Technologies Trading Down 5.3%

NASDAQ:INVZ traded down $0.02 during mid-day trading on Friday, hitting $0.39. The stock had a trading volume of 9,621,104 shares, compared to its average volume of 3,278,079. Innoviz Technologies has a twelve month low of $0.35 and a twelve month high of $2.54. The stock has a 50-day simple moving average of $0.61 and a two-hundred day simple moving average of $0.73. The company has a market capitalization of $83.21 million, a PE ratio of -1.02 and a beta of 1.51.

Wall Street Analysts Forecast Growth

INVZ has been the subject of several recent research reports. Wall Street Zen cut shares of Innoviz Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. Weiss Ratings raised Innoviz Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.65.

Institutional Investors Weigh In On Innoviz Technologies

A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Innoviz Technologies during the 3rd quarter worth $44,000. Elevation Point Wealth Partners LLC purchased a new position in Innoviz Technologies in the third quarter valued at $47,000. Quantbot Technologies LP acquired a new stake in Innoviz Technologies in the third quarter valued at $47,000. Numerai GP LLC purchased a new stake in Innoviz Technologies during the 3rd quarter worth about $66,000. Finally, Invesco Ltd. purchased a new stake in Innoviz Technologies during the 2nd quarter worth about $67,000. 63.26% of the stock is owned by hedge funds and other institutional investors.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. (NASDAQ: INVZ) is a developer of high-performance solid-state LiDAR sensors and perception software designed to support advanced driver assistance systems (ADAS) and autonomous driving applications. The company’s core business focuses on providing automotive-grade LiDAR hardware, along with software algorithms that enable accurate 3D mapping, object detection and environmental perception in real time. Innoviz’s technology is tailored for integration into passenger vehicles, commercial fleets and other mobility platforms seeking improved safety and autonomy.

Founded in 2016 and headquartered in Rosh Ha’ayin, Israel, Innoviz has emerged as a key supplier to leading global automakers and Tier 1 suppliers.