Innoviz Technologies (NASDAQ:INVZ) Issues Quarterly Earnings Results

Innoviz Technologies (NASDAQ:INVZ) issued its earnings results on Wednesday. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03), Zacks reports. Innoviz Technologies had a negative return on equity of 70.52% and a negative net margin of 134.46%.

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

• Daimler Truck / Torc win: Innoviz has been selected to supply multiple LiDARs per vehicle for Daimler Truck’s Level 4 Freightliner Cascadia program and has already begun shipping units, positioning the company as a key supplier in autonomous trucking.
• Product milestone — InnovizThree: The new behind-the-windshield InnovizThree offers a smaller form factor, lower power and ~35% incremental cost reduction versus InnovizTwo, plus a LiDAR+camera fusion option that broadens addressable markets and OEM integration appeal.
• Financial progress and 2026 outlook: 2025 revenue rose to $55.1M (more than double 2024) with a 23% gross margin and reduced OpEx, and management guides 2026 revenue to roughly $67–73M with ~27% growth and up to 10% revenue from non-automotive Physical AI applications.
• Production readiness and ramps: Manufacturing capacity at Fabrinet is being ramped to 3–4x 2025 levels to support SOPs (including VW/Mobileye robotaxi installs) and management expects 2–3 new program additions in 2026, supporting a shift from NRE to unit sales.
• Revenue mix and timing risks: A large portion of near-term revenue depends on NRE payment recognition (total NRE plans ~$111M, $45M recognized in 2025, ~$66M remaining to be recognized in 2026–27), with management warning of quarter-to-quarter margin variability and continued need to convert design engagements into series awards.

Innoviz Technologies Price Performance

INVZ traded down $0.08 during trading on Wednesday, reaching $0.83. 4,221,309 shares of the company’s stock were exchanged, compared to its average volume of 3,531,264. Innoviz Technologies has a 1 year low of $0.48 and a 1 year high of $2.54. The company’s fifty day simple moving average is $1.02 and its 200-day simple moving average is $1.46. The stock has a market capitalization of $174.13 million, a P/E ratio of -2.38 and a beta of 1.34.

Institutional Investors Weigh In On Innoviz Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of Innoviz Technologies by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 296,582 shares of the company’s stock worth $253,000 after buying an additional 16,987 shares during the last quarter. Invesco Ltd. grew its position in Innoviz Technologies by 68.5% during the fourth quarter. Invesco Ltd. now owns 46,346 shares of the company’s stock valued at $40,000 after buying an additional 18,837 shares during the period. Envestnet Asset Management Inc. purchased a new position in Innoviz Technologies in the third quarter valued at $44,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Innoviz Technologies during the 3rd quarter valued at about $47,000. Finally, Quantbot Technologies LP purchased a new position in shares of Innoviz Technologies in the 3rd quarter valued at about $47,000. 63.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Innoviz Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. The Goldman Sachs Group decreased their price objective on Innoviz Technologies from $2.50 to $2.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Innoviz Technologies in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.