Innoviz Reports Third Quarter 2026 Results

(NASDAQ: INVZ) Innoviz Technologies Ltd. reported commercial, strategic, and financial updates for the quarter ended September 30, 2026. The company has repositioned its business around two synergistic end-markets: automotive, and defense and homeland security under the Perciz brand. In the defense sector, Innoviz has begun delivering initial customer orders and is engaged in active discussions with dozens of potential customers, including large strategic defense primes in Israel and abroad, many of whom have ordered units for testing and evaluation. In September, MAFAT, Israel's Directorate of Defense Research and Development, recognized the maturity, robustness, and performance of Innoviz's LiDAR solutions for defense applications. At the Association of the United States Army (AUSA) Annual Meeting and Exposition in October, Innoviz met with dozens of potential customers, including CTOs and senior leaders of leading defense companies and system integrators. Automotive programs with VW, Daimler Truck, and others are progressing, including work with LOXO on its Level 4 autonomous delivery platform. The company is implementing a realignment of its operations in the fourth quarter, which will reduce its workforce by approximately 20% and is expected to deliver cost savings of approximately $17.5 million on an annualized basis compared to the current run rate. Revenues in Q3 2026 were $12.1 million, compared to $15.3 million in Q3 2025, resulting from a combination of NRE services and sales of LiDAR units. Operating expenses in Q3 2026 were $19.7 million, an increase of 9% compared to $18.1 million in Q3 2025. Liquidity as of September 30, 2026, was approximately $54.4 million, consisting of cash and cash equivalents, short-term deposits, marketable securities, and short-term restricted cash. For FY 2026, the company is targeting revenues of $44–$46 million, 2–3 new program wins, Perciz revenue of approximately 6-7% of total revenue, and new NRE payment plans of $20–$30 million. For the nine months ended September 30, 2026, revenues were $37,315,000, with a gross loss of $2,127,000 and an operating loss of $65,810,000. For Q3 2026, gross loss was $1,241,000 and operating loss was $20,917,000. Net loss for Q3 2026 was $19,595,000, with a basic and diluted net loss per ordinary share of $0.07. Weighted average number of ordinary shares used in computing basic and diluted net loss per ordinary share for Q3 2026 was 276,044,851. As of September 30, 2026, cash and cash equivalents were $22,812,000, short-term restricted cash was $16,000, bank deposits were $22,736,000, and marketable securities were $8,855,000. Trade receivables, net, were $10,484,000, inventory was $5,227,000, and prepaid expenses and other current assets were $6,608,000, resulting in total current assets of $76,738,000. The company held a web conference on November 11, 2026, at 9:00 a.m. Eastern Time to discuss these updates, hosted by CEO Omer Keilaf and CFO Eldar Cegla.

Innoviz Technologies to Develop LiDAR-Based Perception Stack for Highway Driving with Top 10 Global Automotive OEM

(NASDAQ: INVZ) Innoviz Technologies Ltd. announced the development of a LiDAR-based perception stack with a top 10 global automotive OEM. The project will deliver Innoviz's InnovizTwo LiDAR and perception software for a highway operational design domain, running on an NVIDIA-powered compute platform. The perception stack includes core functions such as Point Cloud Plus (PC+), Obstacle Detection, Object Detection, and Object Classification, capable of classifying each pixel as drivable or non-drivable and identifying objects including pedestrians, cars, trucks, and two-wheelers. Innoviz serves as a Tier-1 supplier to leading automotive manufacturers and extends its sensing solutions into defense, homeland security, industrial, and smart infrastructure markets. The company operates across the U.S., Europe, and Asia, and offers its automotive-grade LiDAR sensors under the Perciz brand for defense and security applications. The announcement contains forward-looking statements regarding the anticipated technological capability of Innoviz's products, projected future operational and financial results, and expectations regarding the impact of geopolitical developments in the Middle East including the evolving conflict in Israel on its ongoing operations. Innoviz cautions that actual results may differ materially from these forward-looking statements due to various risks and uncertainties.

Innoviz LiDAR Finds a Providential New Counter-UAS Mission Extending the Life-Saving Value of Proven Automotive Technology

(NASDAQ:INVZ) Innoviz Technologies Ltd. announced its emergence as a recurring player across the counter-UAS integrator ecosystem, referencing recently announced partnerships with six Israeli defense and homeland security integrators in the past three months through its new defense and homeland security brand, Perciz. The same LiDAR platform selected by BMW, Volkswagen, Mobileye, and Daimler Truck is now being used by leading Israeli counter-UAS integrators under the Perciz brand. On July 1, Innoviz announced a partnership with Givon Defense to enhance precision localization for counter-UAS applications. On July 7, Perciz LiDAR data was integrated into Cogniteam's AI-based counter-UAS classification system, and on July 8, AeroNous Solutions (part of Israel Shipyards Industries Group) built Perciz LiDAR into its open-architecture command-and-control platform. Earlier, in May, Kela Technologies added Innoviz LiDAR to its situational-awareness platform, and in June, Drive Group announced intent to integrate Innoviz LiDAR into its "Barak LightGuard" perimeter security and intelligent transportation system, while Regulus incorporated Innoviz LiDAR for tracking low-altitude threats. The company projects that "we expect to see this momentum grow" and references anticipated technological capability, projected future operational and financial results, and potential market opportunities as forward-looking statements.

Innoviz Technologies Proud to Enable Mobileye Drive™ as Mobileye Announces Vertically Integrated Robotaxi Business

(NASDAQ: INVZ) Innoviz Technologies Ltd. announced its role as a LiDAR supplier for Mobileye Drive™, following Mobileye's (NASDAQ: MBLY) announcement to establish a vertically integrated robotaxi business targeting launch in a U.S. city in 2027. Mobileye plans to deploy an initial fleet of approximately 100 vehicles in a major U.S. metropolitan market in 2027, scaling to approximately 17,000 vehicles over the following five years. The Mobileye Drive™ configuration integrates a suite of nine InnovizTwo Long-Range and Short-to-Mid-Range LiDARs per vehicle, delivering comprehensive 360-degree coverage. Innoviz sees an over 150,000 LiDAR unit opportunity in this program. The company projects that Mobileye's initial fleet is targeted for deployment in 2027, scaling to 17,000 vehicles over the following 5 years. Innoviz's LiDAR sensors are designed to deliver exceptional range, resolution, and reliability, providing accurate 3D sensing in harsh weather conditions. Innoviz operates across the U.S., Europe, and Asia.

Kela to Field Innoviz LiDAR Across Its Unified Situational Operations Platform

Kela Technologies and Innoviz Technologies Ltd. (NASDAQ: INVZ) announced a framework agreement for Kela to procure up to several hundred units of Innoviz Technologies' InnovizTwo LiDAR sensors, with the cooperation potentially scaling to thousands of units in the coming years. The agreement integrates LiDAR technology into Kela's software-defined situational platform, enhancing operational capabilities for defense, homeland-security, and critical-infrastructure missions. The addition of LiDAR aims to improve target discrimination, operational awareness in degraded environments, and faster operational execution. Kela's platform is already deployed across various defense and security missions. The announcement highlights the strategic partnership and the anticipated scale of deployment.

Innoviz Technologies Announces Advanced Development Program Combining LiDAR and On-Sensor Perception Software for Future OEM Autonomous Vehicle Program

Innoviz Technologies Ltd. (NASDAQ: INVZ), a leading supplier of automotive-grade LiDAR sensor platforms, announced a new software development agreement with a leading autonomous driving technology company. The agreement involves evaluating on-sensor LiDAR perception capabilities for the InnovizTwo LiDAR platform and delivering a development plan. This collaboration aims to extend Innoviz's embedded software and potentially deepen its role within the existing LiDAR supply relationship. The agreement covers an initial evaluation phase, with any subsequent phase subject to a separate written agreement. There is no assurance that the parties will proceed beyond the evaluation phase or that it will result in further development, integration, or commercial arrangement.

Innoviz Enters Defense and Homeland Security - Enabling Physical AI-Driven 3D Situational Intelligence

Innoviz Technologies Ltd. (NASDAQ: INVZ) announced its entrance into the defense and homeland security (HLS) markets with its InnovizSMART and InnovizTwo Ultra Long-Range (ULR) LiDAR sensors. The company highlights the suitability of its automotive-grade, long-range 3D perception LiDAR for demanding defense and security operations. InnovizSMART captures high-resolution 3D point cloud data at distances of up to 450 meters, while InnovizTwo ULR reaches up to 1 kilometer. InnovizSMART is available, and first samples of InnovizTwo ULR have already been delivered. The company claims no additional investment is required to serve the homeland security market.