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Luminar Technologies ( (LAZRQ) ) just unveiled an announcement.
On December 18, 2025, Luminar Technologies, Inc. approved a plan to cut about 30% of its workforce as part of an effort to reduce operating expenses, with the layoffs beginning immediately and expected to be largely completed by the first quarter of 2026. The company expects to incur approximately $2.5 million to $3.0 million in cash charges tied to severance and related employee costs, mostly in the first quarter of 2026, and indicated that actual costs could differ and additional charges may arise as a result of the workforce reduction.
The most recent analyst rating on (LAZRQ) stock is a Sell with a $0.18 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZRQ Stock Forecast page.
Spark’s Take on LAZRQ Stock
According to Spark, TipRanks’ AI Analyst, LAZRQ is a Underperform.
The score is held down primarily by weak financial performance (large losses, negative cash flow, and negative equity). Technicals also reflect a strong downtrend and negative momentum. Earnings call updates show some revenue growth and cost actions, but suspended guidance, liquidity/capital structure pressure, and partner uncertainty keep the outlook highly risky.
To see Spark’s full report on LAZRQ stock, click here.
More about Luminar Technologies
Average Trading Volume: 26,684,378
Technical Sentiment Signal: Sell
Current Market Cap: $13.42M
Learn more about LAZRQ stock on TipRanks’ Stock Analysis page.