INVZ News & Events

Latest data shows the largest indicative borrow rate increases among liquid option names include: Kodiak AI, Inc. Common Stock (KDK) 210.02% +48.07, Eagle Nuclear Energy Corp (NUCL) 147.89% +1.58, Draganfly (DPRO) 12.06% +0.92, Rezolve AI Ltd (RZLV) 21.96% +0.92, Humacyte (HUMA) 22.50% +0.83, Innoviz (INVZ) 3.20% +0.50, Angion Biomedica Corp (ELTX) 5.12% +0.50, Prairie Operating Co (PROP) 5.08% +0.34, Energy Transfer (ET) 2.22% +0.34, and Quantum Si (QSI) 1.50% +0.33.

Reports Q1 revenue $7.13M, consensus $13.67M. "In the early months of 2026, we announced our entry into the defense and homeland security market, reached critical technical milestones with our new products, made progress on existing programs, and continued to engage with automotive and non-automotive customers," said Omer Keilaf, CEO and Founder of Innoviz, "Several NRE milestones were pushed out of the first quarter, in part due to customers' requests for additional content, resulting in lower than anticipated revenues. Thanks to the hard work and dedication of our teams, we are already closing the gap, and our full-year outlook remains unchanged. Long-term, we are confident in our view that LiDAR is the most reliable method for digitizing the physical world, and is indispensable to the implementation of Physical AI. Over the past year, we've broadened our scope beyond the automotive industry and introduced our SMART products, which are now available for defense and security applications, in addition to traffic management, perimeter security, and robotics. We are seeing strong traction across these end-markets, which are fast-growing and high-margin, and yesterday, Kela, an Israeli defense company, announced its intent to field Innoviz LiDARs across their unified situational operations platform. We have also signed an agreement with a large holding group, which will offer Innoviz LiDARs in their defense and security solutions; we expect their announcement in the coming weeks. Our automotive programs with VW, Mobileye, and Daimler Truck are progressing well towards LiDAR product launches in 2026 and beyond to meet Start of Production timelines. We recently announced an advanced development program with a leading autonomous driving technology partner to evaluate enhanced on-sensor perception software for the InnovizTwo LiDAR platform; additionally, we signed an LOI with LOXO to integrate InnovizTwo Long Range into LOXO's autonomous driving solution. The automotive ecosystem is exhibiting robust interest in both Level 3 and Level 4 automation, and we believe we can win upcoming RFQs with our suite of InnovizTwo LiDARs and our InnovizThree, whose small size, lower power consumption, and lower cost make it ideal for behind-the-windshield integration. To support our automotive and Physical AI customers, we recently launched the InnovizTwo Ultra Long-Range LiDAR, which enables up to 1km sensing and opens new capabilities across a variety of use cases. As we continue to ramp production at Fabrinet, we believe we are well-positioned to become a premier world-wide supplier of best-in-class LiDAR solutions for autonomous driving and broader sensing applications, enabling the rise of Physical AI."

Sees FY26: 2-3 new program wins; LiDAR sales for non-automotive Physical AI applications up to 10% of revenue; and New NRE payments plans of $20M-$30M.

Innoviz Technologies announced a new software development agreement with a leading autonomous driving technology company. Under the agreement, the parties will evaluate on-sensor LiDAR perception capabilities for the InnovizTwo LiDAR platform and deliver a development plan. The collaboration extends Innoviz's LiDAR embedded software to potentially deepen Innoviz's role within the existing LiDAR supply relationship. As autonomous vehicle programs advance toward series production, OEMs require that perception capabilities extend beyond the central compute stack and execute directly on the sensor itself. This on-sensor approach is designed to deliver standardized, safety-critical outputs that operate independently of the vehicle's broader processing architecture, a design consideration for the most demanding autonomous applications. The agreement engages Innoviz to evaluate these capabilities natively within the LiDAR it provides, generating additional perception capabilities that may integrate directly into the partner's autonomous vehicle architecture.