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

Innoviz Technologies (NASDAQ:INVZ) released its earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06), FiscalAI reports. Innoviz Technologies had a negative net margin of 181.46% and a negative return on equity of 93.69%. The firm had revenue of $7.13 million during the quarter, compared to analyst estimates of $13.50 million.

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 Stock Down 1.4%

INVZ traded down $0.01 during trading on Friday, reaching $0.74. The company’s stock had a trading volume of 4,874,471 shares, compared to its average volume of 3,568,290. The firm has a fifty day simple moving average of $0.70 and a two-hundred day simple moving average of $1.01. Innoviz Technologies has a 1 year low of $0.58 and a 1 year high of $2.54. The company has a market cap of $157.89 million, a price-to-earnings ratio of -1.89 and a beta of 1.44.

Analyst Upgrades and Downgrades

INVZ has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Innoviz Technologies in a research report on Friday, March 27th. Wall Street Zen cut Innoviz Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.65.

Institutional Trading of Innoviz Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in Innoviz Technologies by 499.6% in the 1st quarter. NewEdge Advisors LLC now owns 70,021 shares of the company’s stock valued at $46,000 after purchasing an additional 58,343 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Innoviz Technologies by 38.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 523,945 shares of the company’s stock valued at $342,000 after purchasing an additional 144,822 shares during the last quarter. Geode Capital Management LLC increased its holdings in Innoviz Technologies by 97.5% in the 2nd quarter. Geode Capital Management LLC now owns 144,534 shares of the company’s stock valued at $237,000 after purchasing an additional 71,334 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Innoviz Technologies by 3,440,684.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,101,051 shares of the company’s stock valued at $1,806,000 after purchasing an additional 1,101,019 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in Innoviz Technologies in the 2nd quarter valued at approximately $67,000. Institutional investors and hedge funds own 63.26% of the company’s stock.

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.