Innoviz Technologies (NASDAQ:INVZ) Announces Earnings Results, Meets Expectations

Posted by Stanley Muller on Aug 5th, 2026

Innoviz Technologies (NASDAQ:INVZ – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08), FiscalAI reports. The company had revenue of $18.08 million for the quarter, compared to analyst estimates of $16.33 million. Innoviz Technologies had a negative return on equity of 101.64% and a negative net margin of 181.46%.

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

Record second-quarter revenue reached $18.1 million, driven by increased NRE recognition and program milestones; management said gross margins returned to positive territory and expects positive full-year gross margins.
Innoviz launched its Perciz defense and security brand and received a first $3.5 million order for several hundred LiDAR units used in counter-UAS and perimeter-security applications. Management said the order is about halfway toward its 2026 defense backlog target and expects non-automotive revenue to rise to 20%-30% of total revenue in 2027.
The automotive pipeline remains active, including a new LiDAR perception-stack development project with a top-10 global OEM, continued ID. Buzz deployments in six cities, and programs with Mobileye, Volkswagen, Daimler Truck, and others that are expected to support future production ramps.
Innoviz reiterated its 2026 revenue outlook of $67 million-$73 million, expects $20 million-$30 million in additional NRE payments, and plans to add two to three new programs this year, although revenue is expected to be heavily weighted toward the fourth quarter.
The company ended the quarter with $48.5 million in cash, short-term deposits, and marketable securities, and subsequently raised $30 million in gross proceeds through a registered direct offering. Management expects the financing to extend operational runway into 2028, while quarterly cash use for operations and capital expenditure was approximately $15.2 million.

Innoviz Technologies Price Performance

NASDAQ INVZ traded down $0.01 during mid-day trading on Wednesday, hitting $0.41. The company’s stock had a trading volume of 6,811,709 shares, compared to its average volume of 3,213,719. Innoviz Technologies has a 52-week low of $0.35 and a 52-week high of $2.54. The firm has a market capitalization of $87.10 million, a P/E ratio of -1.04 and a beta of 1.51. The stock’s fifty day simple moving average is $0.63 and its two-hundred day simple moving average is $0.74.

Institutional Investors Weigh In On Innoviz Technologies

Institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its position in shares of Innoviz Technologies by 25,626.3% in the 3rd quarter. Millennium Management LLC now owns 4,788,688 shares of the company’s stock worth $9,769,000 after acquiring an additional 4,770,074 shares in the last quarter. State Street Corp boosted its stake in Innoviz Technologies by 236.3% during the 4th quarter. State Street Corp now owns 3,277,318 shares of the company’s stock valued at $2,796,000 after purchasing an additional 2,302,775 shares in the last quarter. Sora Investors LLC acquired a new stake in shares of Innoviz Technologies in the third quarter valued at $4,507,000. Renaissance Technologies LLC bought a new stake in shares of Innoviz Technologies in the 4th quarter worth approximately $1,645,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Innoviz Technologies by 3,440,684.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,101,051 shares of the company’s stock worth $1,806,000 after acquiring an additional 1,101,019 shares in the last quarter. Institutional investors and hedge funds own 63.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Innoviz Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. Weiss Ratings raised shares of Innoviz Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.65.

Read Our Latest Report on Innoviz Technologies

About Innoviz Technologies

(Get Free Report)

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.