Innoviz Technologies (NASDAQ:INVZ) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Innoviz Technologies (NASDAQ:INVZ) issued its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06), FiscalAI reports. Innoviz Technologies had a negative net margin of 123.06% and a negative return on equity of 73.64%. The company had revenue of $7.13 million for the quarter, compared to the consensus estimate of $13.50 million.

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

• Innoviz reported Q1 revenue of $7.1 million, which was below plan due to timing shifts in NRE milestones, but management said the delayed revenue already has purchase orders in place and should be recognized in coming quarters.
• The company reiterated its full-year 2026 revenue outlook of $67 million to $73 million and said long-term targets remain unchanged, supported by record unit shipments and continued customer demand.
• Innoviz highlighted a major push into defense and homeland security, citing early traction with Kela and another large holding group, and framed this market as higher-margin with strong demand for long-range, weather-resilient sensing.
• In automotive, the company said programs with Volkswagen/Mobileye, Daimler Truck/Torc, Audi, Holon, and LOXO are progressing, with multiple SOP-related milestones expected and additional RFQs open for level 3 and level 4 opportunities.
• Gross margin was about -22% in the quarter, reflecting the revenue mix and low fixed-cost absorption during the production ramp, though management expects margins to improve later this year as volumes increase.

Innoviz Technologies Trading Down 18.5%

Innoviz Technologies stock traded down $0.17 during mid-day trading on Thursday, hitting $0.75. The company had a trading volume of 17,568,132 shares, compared to its average volume of 2,804,990. The company has a market capitalization of $160.19 million, a PE ratio of -2.20 and a beta of 1.44. Innoviz Technologies has a 12 month low of $0.58 and a 12 month high of $2.54. The stock’s 50 day moving average price is $0.70 and its two-hundred day moving average price is $1.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in shares of Innoviz Technologies by 68.5% during the 4th quarter. Invesco Ltd. now owns 46,346 shares of the company’s stock valued at $40,000 after purchasing an additional 18,837 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Innoviz Technologies in the third quarter valued at about $44,000. Daiwa Securities Group Inc. bought a new position in shares of Innoviz Technologies during the fourth quarter worth $45,000. NewEdge Advisors LLC grew its position in shares of Innoviz Technologies by 499.6% during the first quarter. NewEdge Advisors LLC now owns 70,021 shares of the company’s stock valued at $46,000 after purchasing an additional 58,343 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Innoviz Technologies during the 3rd quarter worth approximately $47,000. Institutional investors own 63.26% of the company’s stock.

Analysts Set New Price Targets

INVZ has been the subject of several research reports. Wall Street Zen lowered Innoviz Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Innoviz Technologies in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.10.

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.