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

Innoviz Technologies (NASDAQ:INVZ) issued its earnings results on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08), FiscalAI reports. The firm had revenue of $18.08 million during the quarter, compared to analysts’ expectations of $16.33 million. Innoviz Technologies had a negative net margin of 181.46% and a negative return on equity of 101.64%.

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 Stock Performance

NASDAQ INVZ traded down $0.01 during mid-day trading on Wednesday, reaching $0.41. 6,619,448 shares of the stock were exchanged, compared to its average volume of 3,212,228. The company has a market capitalization of $86.88 million, a P/E ratio of -1.04 and a beta of 1.51. The business’s 50 day moving average is $0.63 and its 200-day moving average is $0.74. Innoviz Technologies has a 1 year low of $0.35 and a 1 year high of $2.54.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Innoviz Technologies during the 4th quarter worth about $321,000. Invesco Ltd. increased its stake in shares of Innoviz Technologies by 68.5% in 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 in the last quarter. XTX Topco Ltd raised its holdings in Innoviz Technologies by 45.6% in the 4th quarter. XTX Topco Ltd now owns 522,239 shares of the company’s stock worth $446,000 after purchasing an additional 163,478 shares during the period. Russell Investments Group Ltd. raised its holdings in Innoviz Technologies by 25,452.6% in the 4th quarter. Russell Investments Group Ltd. now owns 296,921 shares of the company’s stock worth $253,000 after purchasing an additional 295,759 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in Innoviz Technologies during the fourth quarter worth approximately $139,000. Institutional investors and hedge funds own 63.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INVZ. Weiss Ratings raised Innoviz Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Wall Street Zen downgraded Innoviz Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Innoviz Technologies presently has a consensus rating of “Hold” and an average price target of $2.65.

About Innoviz Technologies

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.