Innoviz Technologies (NASDAQ:INVZ) Issues Quarterly Earnings Results

Innoviz Technologies (NASDAQ:INVZ) announced its quarterly earnings data on Wednesday. The company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07), Zacks reports. Innoviz Technologies had a negative net margin of 153.10% and a negative return on equity of 118.08%. The company had revenue of $12.10 million for the quarter, compared to the consensus estimate of $19.00 million.

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

• Third-quarter revenue was $12.1 million, below expectations, as a customer pushed its SOP timeline and related NRE milestones into 2027. Innoviz lowered full-year revenue guidance to $44 million–$46 million; gross margin was negative 10.3%.
• Innoviz expects its fourth-quarter realignment—including an approximately 20% workforce reduction—to deliver $17.5 million in annualized savings, with the savings taking effect in Q1. Management said its runway extends well into 2028 without assuming a new fundraising or ATM offering.
• Defense and homeland security contributed about 10% of Q3 revenue, and Innoviz expects the business to reach 20%–30% of revenue next year, with volume orders anticipated in the first half of 2027. That outlook depends on converting evaluations and partnership discussions into orders; several opportunities remain unawarded.
• Automotive programs with VW, Daimler Truck, and Audi were described as progressing on schedule, while one customer’s delayed SOP is expected to shift a large portion of NRE revenue into 2027. Management said the delay was unrelated to LiDAR performance and does not expect additional costs for production launches.

Innoviz Technologies Stock Performance

NASDAQ INVZ traded down $0.04 during trading on Wednesday, reaching $0.18. 14,640,802 shares of the company’s stock were exchanged, compared to its average volume of 3,203,362. The company has a 50 day moving average price of $0.30 and a two-hundred day moving average price of $0.59. The stock has a market cap of $39.26 million, a P/E ratio of -0.48 and a beta of 1.58. Innoviz Technologies has a 1 year low of $0.13 and a 1 year high of $1.76.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Innoviz Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Innoviz Technologies currently has a consensus rating of “Hold” and an average price target of $2.00.

About Innoviz Technologies

Innoviz Technologies Ltd. (NASDAQ: INVZ) develops lidar sensors and perception software for the automotive industry. Its technology is designed to help vehicles detect and interpret their surroundings for advanced driver-assistance systems (ADAS) and autonomous driving applications. The company’s solutions are intended to provide three-dimensional sensing, object detection and mapping capabilities in a range of driving environments. Innoviz’s product portfolio includes the InnovizOne and InnovizTwo lidar platforms, along with related perception software and supporting technologies.