Innoviz Technologies (NASDAQ:INVZ) Releases Quarterly Earnings Results, Meets Estimates

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

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 Price Performance

INVZ traded down $0.04 on Wednesday, hitting $0.18. The company had a trading volume of 14,717,617 shares, compared to its average volume of 3,204,241. The stock has a market cap of $38.18 million, a price-to-earnings ratio of -0.47 and a beta of 1.58. The company’s fifty day moving average price is $0.30 and its 200 day moving average price is $0.59. Innoviz Technologies has a 1-year low of $0.13 and a 1-year high of $1.76.

Wall Street Analysts Forecast Growth

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

Innoviz Technologies Company Profile

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.