Innoviz Technologies (NASDAQ:INVZ) Announces Earnings Results, Misses Estimates By $0.06 EPS

by · The Cerbat Gem

Innoviz Technologies (NASDAQ:INVZ – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06), FiscalAI reports. The business had revenue of $7.13 million for the quarter, compared to analyst estimates of $13.50 million. Innoviz Technologies had a negative return on equity of 73.64% and a negative net margin of 123.06%.

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

  • Innoviz reported Q1 revenue of $7.1 million, which was below plan due to timing shifts in NRE milestones, but management said the delayed revenue already has purchase orders in place and should be recognized in coming quarters.
  • The company reiterated its full-year 2026 revenue outlook of $67 million to $73 million and said long-term targets remain unchanged, supported by record unit shipments and continued customer demand.
  • Innoviz highlighted a major push into defense and homeland security, citing early traction with Kela and another large holding group, and framed this market as higher-margin with strong demand for long-range, weather-resilient sensing.
  • In automotive, the company said programs with Volkswagen/Mobileye, Daimler Truck/Torc, Audi, Holon, and LOXO are progressing, with multiple SOP-related milestones expected and additional RFQs open for level 3 and level 4 opportunities.
  • Gross margin was about -22% in the quarter, reflecting the revenue mix and low fixed-cost absorption during the production ramp, though management expects margins to improve later this year as volumes increase.

Innoviz Technologies Trading Down 18.5%

Shares of NASDAQ:INVZ traded down $0.17 on Thursday, hitting $0.75. The company had a trading volume of 17,568,132 shares, compared to its average volume of 2,804,990. Innoviz Technologies has a 52-week low of $0.58 and a 52-week high of $2.54. The business has a 50 day moving average of $0.70 and a 200 day moving average of $1.01. The company has a market cap of $160.18 million, a PE ratio of -2.20 and a beta of 1.44.

Analysts Set New Price Targets

A number of research firms have commented on INVZ. Wall Street Zen downgraded Innoviz Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Innoviz Technologies in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.10.

Read Our Latest Report on INVZ

Institutional Trading of Innoviz Technologies

Several institutional investors and hedge funds have recently made changes to their positions in INVZ. Millennium Management LLC lifted its position in shares of Innoviz Technologies by 25,626.3% in the third quarter. Millennium Management LLC now owns 4,788,688 shares of the company’s stock valued at $9,769,000 after acquiring an additional 4,770,074 shares in the last quarter. State Street Corp lifted its position in Innoviz Technologies by 236.3% during the fourth quarter. State Street Corp now owns 3,277,318 shares of the company’s stock worth $2,796,000 after buying an additional 2,302,775 shares during the period. Sora Investors LLC purchased a new position in Innoviz Technologies during the third quarter worth about $4,507,000. Renaissance Technologies LLC purchased a new position in Innoviz Technologies during the fourth quarter worth about $1,645,000. Finally, JPMorgan Chase & Co. lifted its position in Innoviz Technologies by 3,440,684.4% during the second quarter. JPMorgan Chase & Co. now owns 1,101,051 shares of the company’s stock worth $1,806,000 after buying an additional 1,101,019 shares during the period. 63.26% of the stock is currently owned by hedge funds and other institutional investors.

Innoviz Technologies Company Profile

(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.

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