The earnings call reflected a strong positive sentiment overall with record-breaking revenue and growth, strategic partnerships, and expanding collaborations, particularly in the automotive and robotaxi sectors. Despite some concerns about tariff implications and lumpy margins, the positive developments and strategic advancements significantly outweighed the challenges.

Company Guidance -

Q2 2025

In the Q1 2025 earnings call, Innoviz reported record revenues of $17.4 million, marking a nearly threefold increase sequentially and approximately 2.5 times year-over-year growth, alongside a record gross margin of 40%. The quarter's financial strength was significantly bolstered by a $95 million NRE payment plan with key customers, an increase from the previous $80 million. The company highlighted its strategic partnership with Fabrinet for mass production of the InnovizTwo platform, expected to scale production capacity by an order of magnitude in 2025. Innoviz also announced accelerated LiDAR shipments to Volkswagen for their autonomous mobility ID. Buzz vehicles, which will feature nine InnovizTwo LiDARs each. The company aims for a twofold revenue increase to $50-$60 million in 2025 and plans to manage cash burn while pursuing new opportunities, including expanding collaborations with NVIDIA and exploring non-automotive markets.

Record-Breaking Revenue and Growth

Innoviz reported Q1 revenues of $17.4 million, approximately 3x sequentially and 2.5x year-over-year, setting a new record for the company. Gross margin was also a record at approximately 40%.

Significant NRE Payment Plan Expansion

Innoviz expanded its NRE payment plan from approximately $80 million to $95 million, with the majority of cash payments expected in 2025 and 2026.

Strategic Partnership with Fabrinet

Innoviz announced a partnership with Fabrinet for the mass production of its InnovizTwo platform, enabling efficient scaling and volume production.

Accelerating Robotaxi Deployments

Innoviz is accelerating LiDAR shipments to Volkswagen autonomous mobility for the ID. Buzz on the Mobileye Drive platform, with hundreds of shuttles equipped with InnovizTwo LiDARs expected in 2025.

Expanding Collaboration with NVIDIA

Innoviz is expanding its collaboration with NVIDIA on the Hyperion platform, with multiple OEMs evaluating it for integration into their vehicles.

Strong Financial Position

Innoviz ended the quarter with $85.4 million in cash and cash equivalents, supported by a registered direct offering and ongoing customer engagements.

Innoviz Technologies (INVZ) Earnings, Revenues Date & History

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INVZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 13, 2025	2025 (Q2)	-0.09 / -	-0.13	―	―	―
May 14, 2025	2025 (Q1)	-0.10 / -0.07	-0.18	61.11% (+0.11)
Feb 26, 2025	2024 (Q4)	-0.14 / -0.11	-0.18	38.89% (+0.07)
Nov 13, 2024	2024 (Q3)	-0.13 / -0.15	-0.18	16.67% (+0.03)
Aug 07, 2024	2024 (Q2)	-0.15 / -0.13	-0.23	43.48% (+0.10)
May 08, 2024	2024 (Q1)	-0.14 / -0.18	-0.26	30.77% (+0.08)
Feb 28, 2024	2023 (Q4)	-0.18 / -0.18	-0.25	28.00% (+0.07)
Nov 08, 2023	2023 (Q3)	-0.22 / -0.18	-0.25	28.00% (+0.07)
Aug 02, 2023	2023 (Q2)	-0.22 / -0.23	-0.21	-9.52% (-0.02)	―	―
May 17, 2023	2023 (Q1)	-0.22 / -0.26	-0.23	-13.04% (-0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

INVZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 14, 2025	$1.01	$0.95	-5.94%
Feb 26, 2025	$0.81	$0.78	-3.70%
Nov 13, 2024	$0.58	$0.52	-10.34%
Aug 07, 2024	$0.74	$0.69	-6.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.