The earnings call highlights significant revenue growth, major OEM wins, and the launch of Innoviz Three, indicating strong business momentum. However, there are concerns about cash burn and variable gross margins that need addressing.

Company Guidance

During the third quarter of 2025, Innoviz Technologies Ltd. demonstrated significant progress both financially and operationally. The company reported $15.3 million in revenues for the quarter, contributing to a year-to-date total of $42.4 million, which marks an impressive 2.3 times increase compared to the same period in 2024. Innoviz expects to achieve full-year revenues between $50 to $60 million, driven by a robust production ramp and a growing contribution from LiDAR sales. The quarter's cash burn was $14 million, with expectations for a sequential decline. Gross margins were about 15% for the quarter and 26% year-to-date. Operating expenses decreased by 30% from the previous year, and the company ended the quarter with $74.4 million in cash and equivalents, maintaining a strong balance sheet with no long-term debt. Innoviz also advanced its strategic initiatives, including securing a major commercial OEM contract for level four autonomous trucks and making strides in non-automotive applications with the Innoviz Smart platform. The company is poised to further capitalize on its burgeoning market position amid a consolidating LiDAR industry, aiming to be the leading supplier of LiDAR solutions for autonomous driving and beyond.

Record Revenue Growth

Generated $15.3 million in Q3 revenues, with year-to-date revenues of $42.4 million, a 2.3x increase compared to the same period in 2024.

Major OEM Win for Level Four Autonomous Trucks

Selected by a major commercial vehicle OEM for the series production of level four autonomous trucks, showcasing the company's expanding momentum in the LiDAR space.

Innoviz Smart Gaining Traction

Innoviz Smart, optimized for non-automotive use cases, is gaining traction in applications like perimeter security, with significant testing completed.

Strong Financial Position

Ended Q3 with $74.4 million in cash and no long-term debt, while reducing operating expenses by 30% year-over-year.

Launch of Innoviz Three

Unveiled Innoviz Three, promising a 60% smaller form factor, better performance, and power consumption, based on time-of-flight technology.

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
Mar 04, 2026	2025 (Q4)	-0.08 / -	-0.11	―	―	―
Nov 12, 2025	2025 (Q3)	-0.08 / -0.08	-0.15	46.67% (+0.07)
Aug 13, 2025	2025 (Q2)	-0.09 / -0.09	-0.13	30.77% (+0.04)
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)

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
Nov 12, 2025	$1.61	$1.53	-4.97%
Aug 13, 2025	$1.82	$1.58	-13.19%
May 14, 2025	$1.01	$0.95	-5.94%
Feb 26, 2025	$0.81	$0.78	-3.70%

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.