Innoviz Technologies (NASDAQ:INVZ) Posts Earnings Results, Misses Estimates By $0.03 EPS

Innoviz Technologies (NASDAQ:INVZ) released 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%.The firm had revenue of $12.67 million for the quarter, compared to analyst estimates of $15.00 million.

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 Down 2.6%

NASDAQ:INVZ opened at $0.89 on Thursday. The stock’s 50-day simple moving average is $1.01 and its 200 day simple moving average is $1.46. The firm has a market capitalization of $185.81 million, a PE ratio of -2.54 and a beta of 1.34. Innoviz Technologies has a twelve month low of $0.48 and a twelve month high of $2.54.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in INVZ. Virtu Financial LLC bought a new stake in shares of Innoviz Technologies during the 4th quarter valued at approximately $321,000. Invesco Ltd. boosted its position in Innoviz Technologies by 68.5% in 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 in the last quarter. XTX Topco Ltd grew its stake in shares of Innoviz Technologies by 45.6% during the fourth quarter. XTX Topco Ltd now owns 522,239 shares of the company’s stock worth $446,000 after buying an additional 163,478 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Innoviz Technologies by 25,452.6% during the fourth quarter. Russell Investments Group Ltd. now owns 296,921 shares of the company’s stock worth $253,000 after buying an additional 295,759 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of Innoviz Technologies during the fourth quarter worth $139,000. Institutional investors own 63.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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