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

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

Shares of Innoviz Technologies stock opened at $0.18 on Thursday. The company has a market capitalization of $38.68 million, a P/E ratio of -0.47 and a beta of 1.58. The company has a fifty day moving average of $0.29 and a 200 day moving average of $0.58. Innoviz Technologies has a fifty-two week low of $0.13 and a fifty-two week high of $1.76.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Innoviz Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 28th. JPMorgan Chase & Co. cut shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average 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.