Innoviz Technologies Ltd. Earnings Recaps
Q1 2026
May 15, 2026
Innoviz's shares plunged 20.9% following Q1 results as investors reacted negatively to the delay in recognizing key NRE revenues and the cautious outlook on near-term growth, undermining confidence despite ongoing product and market development.
Key takeaways
- Reported Q1 revenues of $7.1 million, reflecting a partial deferral of NRE milestones due to additional content requests.
- Management reiterated full-year revenue guidance of $67–73 million, but the timing shift in revenue recognition weighed heavily on investor sentiment.
- NRE revenues remain a significant portion (~70%) of total revenue, with a planned gradual shift toward higher-margin LiDAR unit sales expected over time.
- Newly entered defense and homeland security markets show early traction with agreements including one with Kela and a large holding group, indicating potential future growth avenues.
- Despite announcing product advancements and accelerating shipments, notably a record first quarter unit output and progress in automotive programs, near-term financial delivery disappoints.
Q3 2025
Nov 12, 2025
Innoviz Technologies Ltd. delivered robust third-quarter results, featuring substantial revenue growth driven by strategic OEM partnerships and a significant ramp in LiDAR unit shipments.
Key takeaways
- Revenues reached $15.3 million in Q3 2025, approximately 2.3 times higher than the same period last year, contributing to a year-to-date total of $42.4 million.
- Secured a major contract for level four autonomous trucks with a leading commercial vehicle OEM, validating the company’s technology and market position.
- Ongoing collaborations with major automotive brands, including VW, continue to progress, positioning Innoviz for increased demand in both level three and level four programs.
- Cash burn rate is expected to decline sequentially, aligning with management's guidance for reduced year-over-year spending.
- Innoviz's achievement of key automotive certification enhances customer value and eliminates the need for expensive external testing, streamlining the operational process.
Q2 2025
Aug 13, 2025
Innoviz Technologies reported Q2 2025 revenues of $9.7 million, surpassing total 2024 revenue, and remains on track to achieve full-year targets of $50 million to $60 million as strategic partnerships expand.
Key takeaways
- Revenues increased significantly, totaling $27.1 million in the first half of 2025, driven by LiDAR unit sales and new engineering contracts.
- Cash burn was limited to $7.3 million, consistent with guidance, reflecting improved operational efficiency.
- Innoviz secured a key development agreement with a top 5 automotive OEM for their Level 3 vehicle program, expected to begin production in 2027.
- The launch of InnovizSMART for industrial applications has seen immediate collaborations with multiple companies, showcasing the versatility of their LiDAR technology.
- Increased guidance for non-recurring engineering (NRE) bookings to $30 million to $60 million in 2025, underlining strong demand across existing and new customers.