Innoviz Technologies Signs Software Development Agreement with Leading Autonomous Driving Company
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
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.
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About INVZ
Innoviz Technologies Ltd. is an Israel-based company engaged in the electronics sector. The Company is a provider of high-performance, solid-state LiDAR (Light Detection and Ranging) sensors and perception software, enabling safe autonomy across the automotive, robotics, drone, and mapping industries. The Company develops and commercializes advanced LiDAR solutions that deliver high-resolution, real-time 3D imaging for autonomous systems. The Company’s flagship products, InnovizOne and InnovizTwo, are automotive-grade, solid-state LiDAR sensors designed for mass production. These sensors provide superior range, resolution, and reliability, meeting the stringent requirements of Level 3-5 autonomous vehicles. The Company complements its hardware with AI-driven perception software that enables object detection, classification, and tracking. This software enhances the performance of autonomous systems by interpreting complex environments in real time.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Innoviz Technologies Reports Q1 2026 Financial Results and Strategic Updates
- Declining Financial Performance: In Q1 2026, Innoviz reported revenues of $7.1 million, a 59% decrease from $17.4 million in Q1 2025, primarily due to delays in NRE milestones requested by customers, indicating uncertainty in market demand.
- Increased Operating Expenses: Operating expenses for Q1 reached $24.9 million, an 18% rise from $21.0 million in the same quarter of 2025, reflecting ongoing investments in R&D and marketing that may impact short-term profitability.
- Strong Liquidity Position: As of March 31, 2026, Innoviz maintained approximately $60.1 million in liquidity, ensuring the company can support future R&D and market expansion despite declining revenues.
- New Market Opportunities: Innoviz's entry into the defense and security market, along with a partnership with Israeli defense company Kela, is expected to drive the adoption of its LiDAR products in new high-margin sectors, enhancing the company's competitive edge.
See More
Innoviz Technologies Q1 Earnings Miss Expectations, Reiterates FY 2026 Targets
- Disappointing Earnings: Innoviz Technologies reported a Q1 GAAP EPS of -$0.12, missing expectations by $0.03, indicating ongoing challenges in profitability that may negatively impact investor confidence.
- Significant Revenue Decline: The company’s Q1 revenue of $7.13M represents a 59% year-over-year decline, falling short of market expectations by $6.54M, reflecting pressure in market competition and weak demand.
- Reiteration of 2026 Financial Targets: Despite challenges, Innoviz reiterated its FY 2026 financial targets, forecasting revenues between $67-$73 million, slightly below the consensus of $69.86 million, demonstrating cautious optimism for the future.
- New Program Initiatives: The company aims to secure 2-3 new program wins in FY 2026 and anticipates that LiDAR sales for non-automotive Physical AI applications will account for 10% of revenue, indicating a strategic shift towards diversifying revenue streams to mitigate market fluctuations.
See More
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- Framework Agreement: Kela Technologies has signed a framework agreement with Innoviz Technologies to procure several hundred InnovizTwo LiDAR sensors, with potential scaling to thousands, indicating a deep collaboration in automated military technology.
- Technology Integration: The LiDAR sensors will be integrated into Kela's software-defined platform, working alongside radar, electro-optical, thermal, and RF systems to enhance operational capabilities in armored vehicles, border security, and perimeter defense missions, thereby improving real-time decision-making for commanders.
- High-Resolution Perception: With LiDAR technology, Kela's customers will gain high-resolution three-dimensional perception, aiding in the fusion of multiple sensor data streams into a single operational picture, thus increasing the efficiency and accuracy of mission execution.
- Market Demand Response: Kela co-founder Hamutal Meridor emphasized that the reliability and scalability of LiDAR technology in civilian applications demonstrate its necessity in defense, providing operators with the clearest situational picture and the ability to respond swiftly.
See More
Kela Technologies and Innoviz Sign LiDAR Sensor Procurement Agreement
- Expected Scale of Agreement: Kela Technologies has signed a framework agreement with Innoviz to procure hundreds of InnovizTwo LiDAR sensors, with potential scaling to thousands in the future, indicating a strong demand for high-performance sensors and furthering military technology modernization.
- Integration Advantages: LiDAR, as a core sensing technology, will operate alongside radar, electro-optical, thermal, and RF systems, enhancing Kela's software-defined platform capabilities, particularly in armored vehicles and border security applications.
- Enhanced Operational Capabilities: By providing high-resolution three-dimensional perception, LiDAR technology will assist Kela's clients in achieving target discrimination, operational awareness, and faster execution in complex environments, significantly improving the responsiveness and accuracy of defense forces.
- Broad Market Prospects: Kela's co-founder stated that the reliability of LiDAR technology in civilian applications demonstrates its necessity in military contexts, reflecting Kela's strategic commitment and market potential in advancing defense modernization.
See More
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- Earnings Announcement: Innoviz Technologies is set to release its Q1 2023 earnings on May 14 before market open, with consensus EPS estimate at -$0.08 and revenue expected at $13.67 million, reflecting a 21.4% year-over-year decline.
- Historical Performance: Over the past two years, Innoviz has only beaten EPS estimates 25% of the time, while achieving a 75% success rate in surpassing revenue expectations, indicating a relative strength in revenue management.
- Estimate Adjustments: In the last three months, there have been no upward revisions to EPS estimates and two downward revisions, suggesting market concerns regarding the company's future profitability, which may impact investor confidence.
- Industry Insights: Discussions surrounding Innoviz include its white paper on physical AI and applications beyond automotive, indicating the company's exploration of diversified business development opportunities.
See More
Innoviz Technologies Receives Nasdaq Warning
- Nasdaq Warning Notification: Innoviz Technologies received a written notification from Nasdaq on March 25, 2026, indicating that it no longer meets the Nasdaq Listing Rule 5550(a)(2) due to a closing bid price below $1.00 per share for the past 30 consecutive trading days.
- Grace Period Arrangement: Under Nasdaq Listing Rule 5810(c)(3)(A), the company has been granted a 180-day grace period until September 21, 2026, to meet the minimum bid price requirement, and if the share price reaches $1.00 or higher for ten consecutive trading days, compliance will be restored.
- Compliance Monitoring Plan: The company intends to monitor its stock's closing price during this grace period and will consider various options to regain compliance with Nasdaq Capital Market requirements, which is crucial for its future financing and market confidence.
- Industry Position and Outlook: As a leading supplier of LiDAR technology, Innoviz's compliance issues could impact its partnerships with automotive manufacturers, thereby affecting its competitive position in the autonomous driving sector.
See More
Innoviz Technologies Reports Q1 2026 Financial Results and Strategic Updates
- Declining Financial Performance: In Q1 2026, Innoviz reported revenues of $7.1 million, a 59% decrease from $17.4 million in Q1 2025, primarily due to delays in NRE milestones requested by customers, indicating uncertainty in market demand.
- Increased Operating Expenses: Operating expenses for Q1 reached $24.9 million, an 18% rise from $21.0 million in the same quarter of 2025, reflecting ongoing investments in R&D and marketing that may impact short-term profitability.
- Strong Liquidity Position: As of March 31, 2026, Innoviz maintained approximately $60.1 million in liquidity, ensuring the company can support future R&D and market expansion despite declining revenues.
- New Market Opportunities: Innoviz's entry into the defense and security market, along with a partnership with Israeli defense company Kela, is expected to drive the adoption of its LiDAR products in new high-margin sectors, enhancing the company's competitive edge.
See More
Innoviz Technologies Q1 Earnings Miss Expectations, Reiterates FY 2026 Targets
- Disappointing Earnings: Innoviz Technologies reported a Q1 GAAP EPS of -$0.12, missing expectations by $0.03, indicating ongoing challenges in profitability that may negatively impact investor confidence.
- Significant Revenue Decline: The company’s Q1 revenue of $7.13M represents a 59% year-over-year decline, falling short of market expectations by $6.54M, reflecting pressure in market competition and weak demand.
- Reiteration of 2026 Financial Targets: Despite challenges, Innoviz reiterated its FY 2026 financial targets, forecasting revenues between $67-$73 million, slightly below the consensus of $69.86 million, demonstrating cautious optimism for the future.
- New Program Initiatives: The company aims to secure 2-3 new program wins in FY 2026 and anticipates that LiDAR sales for non-automotive Physical AI applications will account for 10% of revenue, indicating a strategic shift towards diversifying revenue streams to mitigate market fluctuations.
See More
Kela Technologies and Innoviz Sign LiDAR Sensor Procurement Agreement
- Framework Agreement: Kela Technologies has signed a framework agreement with Innoviz Technologies to procure several hundred InnovizTwo LiDAR sensors, with potential scaling to thousands, indicating a deep collaboration in automated military technology.
- Technology Integration: The LiDAR sensors will be integrated into Kela's software-defined platform, working alongside radar, electro-optical, thermal, and RF systems to enhance operational capabilities in armored vehicles, border security, and perimeter defense missions, thereby improving real-time decision-making for commanders.
- High-Resolution Perception: With LiDAR technology, Kela's customers will gain high-resolution three-dimensional perception, aiding in the fusion of multiple sensor data streams into a single operational picture, thus increasing the efficiency and accuracy of mission execution.
- Market Demand Response: Kela co-founder Hamutal Meridor emphasized that the reliability and scalability of LiDAR technology in civilian applications demonstrate its necessity in defense, providing operators with the clearest situational picture and the ability to respond swiftly.
See More
Kela Technologies and Innoviz Sign LiDAR Sensor Procurement Agreement
- Expected Scale of Agreement: Kela Technologies has signed a framework agreement with Innoviz to procure hundreds of InnovizTwo LiDAR sensors, with potential scaling to thousands in the future, indicating a strong demand for high-performance sensors and furthering military technology modernization.
- Integration Advantages: LiDAR, as a core sensing technology, will operate alongside radar, electro-optical, thermal, and RF systems, enhancing Kela's software-defined platform capabilities, particularly in armored vehicles and border security applications.
- Enhanced Operational Capabilities: By providing high-resolution three-dimensional perception, LiDAR technology will assist Kela's clients in achieving target discrimination, operational awareness, and faster execution in complex environments, significantly improving the responsiveness and accuracy of defense forces.
- Broad Market Prospects: Kela's co-founder stated that the reliability of LiDAR technology in civilian applications demonstrates its necessity in military contexts, reflecting Kela's strategic commitment and market potential in advancing defense modernization.
See More
Innoviz Technologies Set to Announce Q1 Earnings on May 14
- Earnings Announcement: Innoviz Technologies is set to release its Q1 2023 earnings on May 14 before market open, with consensus EPS estimate at -$0.08 and revenue expected at $13.67 million, reflecting a 21.4% year-over-year decline.
- Historical Performance: Over the past two years, Innoviz has only beaten EPS estimates 25% of the time, while achieving a 75% success rate in surpassing revenue expectations, indicating a relative strength in revenue management.
- Estimate Adjustments: In the last three months, there have been no upward revisions to EPS estimates and two downward revisions, suggesting market concerns regarding the company's future profitability, which may impact investor confidence.
- Industry Insights: Discussions surrounding Innoviz include its white paper on physical AI and applications beyond automotive, indicating the company's exploration of diversified business development opportunities.
See More
Innoviz Technologies Receives Nasdaq Warning
- Nasdaq Warning Notification: Innoviz Technologies received a written notification from Nasdaq on March 25, 2026, indicating that it no longer meets the Nasdaq Listing Rule 5550(a)(2) due to a closing bid price below $1.00 per share for the past 30 consecutive trading days.
- Grace Period Arrangement: Under Nasdaq Listing Rule 5810(c)(3)(A), the company has been granted a 180-day grace period until September 21, 2026, to meet the minimum bid price requirement, and if the share price reaches $1.00 or higher for ten consecutive trading days, compliance will be restored.
- Compliance Monitoring Plan: The company intends to monitor its stock's closing price during this grace period and will consider various options to regain compliance with Nasdaq Capital Market requirements, which is crucial for its future financing and market confidence.
- Industry Position and Outlook: As a leading supplier of LiDAR technology, Innoviz's compliance issues could impact its partnerships with automotive manufacturers, thereby affecting its competitive position in the autonomous driving sector.
See More
