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Innoviz Technologies
(NASDAQ:INVZ)
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Rating:48Neutral
Price Target:
$0.33
▼(-0.61% Downside)
Action:Reiterated
Date:08/10/26
Overall score is held back primarily by weak financial performance (large losses and ongoing cash burn) and bearish technicals (price below all key moving averages with negative momentum). The earnings call adds support via reiterated 2026 guidance, improving gross margin, and strengthened liquidity, while valuation signals are mixed due to negative earnings and no dividend data.
Positive Factors
Revenue Growth and Program Traction
Record quarterly revenue and reiterated full-year guidance indicate improving customer program activity and stronger commercialization. Sustained growth could increase operating leverage as automotive production, NRE programs and new deployments move toward scale.
Negative Factors
Persistent Losses and Cash Burn
Innoviz remains far from self-funding despite revenue improvement. Deep operating losses and negative free cash flow require continued access to financing or existing liquidity, limiting resilience and increasing execution risk if commercialization takes longer than expected.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Program Traction
Record quarterly revenue and reiterated full-year guidance indicate improving customer program activity and stronger commercialization. Sustained growth could increase operating leverage as automotive production, NRE programs and new deployments move toward scale.
Read all positive factors
Innoviz Technologies (INVZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$101.24M
Dividend YieldN/A
Average Volume (3M)2.57M
Price to Earnings (P/E)―
Beta (1Y)2.49
Revenue Growth41.09%
EPS Growth9.05%
CountryUS
Employees372
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.38
Shares Outstanding298,107,120
10 Day Avg. Volume1,279,883
30 Day Avg. Volume2,574,705
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)2.19
Price to Sales (P/S)3.10
P/FCF Ratio-3.28
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$0.50Price Target Upside51.52% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.31
Revenue Forecast (FY)$69.08M
Innoviz Technologies Business Overview & Revenue Model
Company Description
Innoviz Technologies Ltd., an Israeli company founded in 2016 and based in Rosh HaAyin, specializes in the development and production of cutting-edge solid-state LiDAR sensors, alongside innovative perception software. Their core mission is to acc...
How the Company Makes Money
Innoviz makes money primarily by selling LiDAR hardware and associated software/services, generally through automotive production programs and development engagements. Key revenue streams include: (1) LiDAR sensor sales: revenue from supplying LiD...
Innoviz Technologies Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveys a largely positive tone: management reported record quarterly revenue, returned gross margins to positive, established a material defense/security market entry with an initial $3.5M order and multiple partner engagements, and materially strengthened liquidity with a ~$30M financing. Counterbalancing risks include near-term revenue lumpiness from NRE-driven recognition, concentrated H2/Q4 timing, Q2 cash burn (~$15.2M), and that the defense backlog is only halfway to the year's target—creating execution and timing risk. On balance, the positive operational milestones, diversified market entry, and improved balance sheet outweigh the timing and execution risks.Positive Updates
Record Quarterly Revenue
Reported all-time record revenues of $18.1 million in Q2 2026, driven by NRE recognitions and program milestones.
Negative Updates
Quarterly Cash Usage
Cash used in operations and capital expenditures was approximately $15.2 million in Q2 2026, reflecting ongoing cash burn before considering the subsequent $30M financing.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue
Reported all-time record revenues of $18.1 million in Q2 2026, driven by NRE recognitions and program milestones.
Read all positive updates
Company Guidance
Innoviz reiterated 2026 guidance of $67 million to $73 million in revenues (with the bulk of H2 revenue expected in Q4), highlighted a Q2 record of $18.1 million and returned-to-positive gross margin in the quarter (gross margin expected to be positive for the full year), and said non-automotive sales should rise from 1% in 2025 to ~10% of revenues in 2026 and to roughly 20%–30% in 2027; the company said its Defense & Security backlog for 2026 is about halfway to target and noted a $3.5 million order for several hundred LiDARs, is targeting $20 million–$30 million of new NRE payment plans (in addition to existing plans), expects to add 2–3 new programs this year, expects NRE to remain at current levels, used ~$15.2 million in cash for operations and capex in Q2, ended the quarter with ~ $48.5 million in cash/cash equivalents (excluding $30 million gross proceeds closed July 29), has no long-term debt, and said the financing provides operational runway into 2028 while expecting defense ASPs (orders of magnitude higher than auto) and unit ramp to drive gross margin uplift in 2027 and beyond.Innoviz Technologies Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
48
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.17M | 55.09M | 24.27M | 20.88M | 6.03M | 5.47M |
| Gross Profit | 3.48M | 12.90M | -1.16M | -11.61M | -8.76M | -5.02M |
| EBITDA | -75.16M | -61.75M | -86.80M | -113.62M | -119.08M | -149.31M |
| Net Income | -81.40M | -67.80M | -94.76M | -123.45M | -126.87M | -153.56M |
Balance Sheet | ||||||
| Total Assets | 119.74M | 138.45M | 132.05M | 219.23M | 255.43M | 327.22M |
| Cash, Cash Equivalents and Short-Term Investments | 48.44M | 72.13M | 67.95M | 145.37M | 178.08M | 265.73M |
| Total Debt | 35.63M | 64.55M | 29.59M | 32.51M | 33.92M | 0.00 |
| Total Liabilities | 71.04M | 60.73M | 53.12M | 65.94M | 63.42M | 28.42M |
| Stockholders Equity | 48.70M | 77.72M | 78.93M | 153.29M | 192.02M | 298.80M |
Cash Flow | ||||||
| Free Cash Flow | -55.06M | -52.01M | -81.37M | -99.63M | -115.98M | -86.31M |
| Operating Cash Flow | -51.52M | -47.76M | -76.95M | -93.05M | -93.41M | -82.52M |
| Investing Cash Flow | 41.81M | -21.39M | 75.47M | 1.06M | 125.35M | -281.60M |
| Financing Cash Flow | 22.02M | 51.47M | 224.00K | 61.86M | 609.00K | 337.18M |
Innoviz Technologies Technical Analysis
Negative
0.33
Price Trends
0.52
Negative
0.61
Negative
0.82
Negative
Market Momentum
-0.06
Negative
29.20
Positive
19.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVZ, the sentiment is Negative. The current price of 0.33 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.52, and below the 200-day MA of 0.82, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 29.20 is Positive, neither overbought nor oversold. The STOCH value of 19.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INVZ.
Innoviz Technologies Risk Analysis
Innoviz Technologies disclosed 47 risk factors in its most recent earnings report. Innoviz Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Innoviz Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | $101.24M | -0.88 | -118.08% | ― | 41.09% | 9.05% | |
| ― | ― | ― | ― | ― | ― | ― | |
61 Neutral | $2.61B | -42.20 | -18.45% | ― | 62.82% | 52.15% | |
61 Neutral | $2.84B | 33.72 | 6.08% | ― | 38.17% | 339.11% | |
47 Neutral | $1.13B | -78.95 | -210.69% | ― | 56.22% | 93.61% | |
47 Neutral | $57.18M | -1.36 | -46.40% | ― | 90.68% | 70.00% |
* Consumer Cyclical Sector Average
INVZ
Innoviz Technologies
0.35
-1.36
-79.30%
LAZR
―
―
―
―
AEVA
Aeva Technologies
16.39
-0.24
-1.44%
OUST
Ouster
36.54
5.68
18.41%
LIDR
AEye Inc
1.20
-1.73
-59.04%
HSAI
Hesai Group Sponsored ADR
17.49
-9.34
-34.81%
Innoviz Technologies Corporate Events
Innoviz Technologies Sets September 16 Shareholder Vote on Reverse Split and Board Re-elections
Aug 14, 2026
Innoviz Technologies has called an annual general meeting of shareholders for September 16, 2026, at its Rosh Ha’Ain headquarters in Israel, setting an agenda focused on board composition, capital structure and auditor oversight. The notice ...
Innoviz Technologies Sets September 16, 2026 AGM to Vote on Board Slate and Reverse Share Split
Aug 7, 2026
Innoviz Technologies has called its annual general meeting of shareholders for September 16, 2026, in Rosh Ha’Ain, Israel, with a record date of August 12, 2026, for determining voting eligibility. Shareholders may participate in person or v...
Innoviz Posts Record Q2 2026 Revenue as Perciz Defense Push Gains Traction
Aug 5, 2026
Innoviz Technologies reported its second‑quarter 2026 results on August 5, highlighting record revenue of $18.1 million, up from $9.7 million a year earlier, with liquidity of $48.5 million as of June 30, 2026, before proceeds from a late...
Innoviz Technologies Raises $30 Million in Registered Direct Offering to Bolster Defense Brand Perciz
Jul 30, 2026
Innoviz Technologies Ltd. closed a registered direct offering of 66,666,667 ordinary shares on July 29, 2026, raising approximately $30 million in gross proceeds. The capital raise, executed under an effective Form F-3 shelf registration, is earma...
Innoviz Raises $30 Million in Direct Offering to Accelerate Perciz Defense Brand
Jul 28, 2026
Innoviz Technologies has entered into a securities purchase agreement with institutional investors for a registered direct offering of 66,666,667 ordinary shares, priced to raise approximately $30 million in gross proceeds. The deal, signed on Jul...
Innoviz Technologies Brings Former Rafael CEO Yoav Har-Even Onto Board to Drive Defense Push
Jul 6, 2026
On July 6, 2026, Innoviz Technologies announced the appointment of Maj. Gen. (Ret.) Yoav Har-Even, former President and CEO of Rafael Advanced Defense Systems and retired senior IDF commander, to its board of directors as an independent Class II d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.