Innoviz Technologies (NASDAQ:INVZ) Announces Earnings Results

Innoviz Technologies (NASDAQ:INVZ) posted its quarterly earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate 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 Stock Performance

Shares of INVZ traded down $0.08 during mid-day trading on Wednesday, hitting $0.83. 4,221,309 shares of the stock were exchanged, compared to its average volume of 3,531,264. The company has a market cap of $174.13 million, a PE ratio of -2.38 and a beta of 1.34. Innoviz Technologies has a 52-week low of $0.48 and a 52-week high of $2.54. The firm has a 50-day moving average of $1.02 and a two-hundred day moving average of $1.46.

Institutional Investors Weigh In On Innoviz Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INVZ. Virtu Financial LLC purchased a new stake in Innoviz Technologies during the 4th quarter valued at $321,000. Invesco Ltd. lifted its stake in shares of Innoviz Technologies by 68.5% during the 4th quarter. Invesco Ltd. now owns 46,346 shares of the company’s stock worth $40,000 after acquiring an additional 18,837 shares during the last quarter. XTX Topco Ltd boosted its holdings in Innoviz Technologies by 45.6% during the 4th quarter. XTX Topco Ltd now owns 522,239 shares of the company’s stock valued at $446,000 after acquiring an additional 163,478 shares during the period. Russell Investments Group Ltd. increased its stake in Innoviz Technologies by 25,452.6% in the fourth quarter. Russell Investments Group Ltd. now owns 296,921 shares of the company’s stock worth $253,000 after purchasing an additional 295,759 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Innoviz Technologies during the fourth quarter worth $139,000. 63.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Innoviz Technologies from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Wall Street Zen cut Innoviz Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Innoviz Technologies in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.10.

About Innoviz Technologies

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.