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Innoviz Technologies
(NASDAQ:INVZ)
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Rating:46Neutral
Price Target:
$0.41
▼(-32.95% Downside)
Action:Reiterated
Date:08/05/26
The score is held down primarily by weak financial performance (declining TTM revenue, large losses, and heavy negative free cash flow), with technicals also reflecting a bearish trend despite oversold readings. The earnings call provides a partial offset via reiterated guidance, improving gross margin, and strengthened liquidity/runway, but timing and execution risks (Q4-weighted revenue and continued cash burn) keep the overall score below average.
Positive Factors
Defense & Security market expansion
Expanding into defense/security is a structural diversification away from automotive cyclical risk. Defense orders carry higher ASPs and longer procurement cycles, which can lift blended gross margins and provide multi-year programs that improve revenue visibility and unit economics as commercial ramps progress.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow means the business consumes material cash to fund operations and growth. Unless converted into positive cash generation, the company will remain dependent on external financing, which can dilute shareholders or constrain investment in production capacity and program delivery.
Read all positive and negative factors
Positive Factors
Negative Factors
Defense & Security market expansion
Expanding into defense/security is a structural diversification away from automotive cyclical risk. Defense orders carry higher ASPs and longer procurement cycles, which can lift blended gross margins and provide multi-year programs that improve revenue visibility and unit economics as commercial ramps progress.
Read all positive factors
Innoviz Technologies (INVZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$123.57M
Dividend YieldN/A
Average Volume (3M)2.57M
Price to Earnings (P/E)―
Beta (1Y)2.58
Revenue Growth29.57%
EPS Growth13.83%
CountryUS
Employees372
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.39
Shares Outstanding288,032,000
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
$0.75Price Target Upside22.95% 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
23
Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.83M | 55.09M | 24.27M | 20.88M | 6.03M | 5.47M |
| Gross Profit | 4.34M | 12.90M | -1.16M | -11.61M | -8.76M | -5.02M |
| EBITDA | -73.64M | -61.75M | -86.80M | -113.62M | -119.08M | -149.31M |
| Net Income | -81.35M | -67.80M | -94.76M | -123.45M | -126.87M | -153.56M |
Balance Sheet | ||||||
| Total Assets | 122.17M | 138.45M | 132.05M | 219.23M | 255.43M | 327.22M |
| Cash, Cash Equivalents and Short-Term Investments | 60.13M | 72.13M | 67.95M | 145.37M | 178.08M | 265.73M |
| Total Debt | 34.49M | 64.55M | 29.59M | 32.51M | 33.92M | 0.00 |
| Total Liabilities | 62.51M | 60.73M | 53.12M | 65.94M | 63.42M | 28.42M |
| Stockholders Equity | 59.66M | 77.72M | 78.93M | 153.29M | 192.02M | 298.80M |
Cash Flow | ||||||
| Free Cash Flow | -47.14M | -52.01M | -81.37M | -99.63M | -115.98M | -86.31M |
| Operating Cash Flow | -43.45M | -47.76M | -76.95M | -93.05M | -93.41M | -82.52M |
| Investing Cash Flow | 15.48M | -21.39M | 75.47M | 1.06M | 125.35M | -281.60M |
| Financing Cash Flow | 17.98M | 51.47M | 224.00K | 61.86M | 609.00K | 337.18M |
Innoviz Technologies Technical Analysis
Negative
0.61
Price Trends
0.62
Negative
0.66
Negative
0.94
Negative
Market Momentum
-0.07
Positive
32.22
Neutral
17.09
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 0.61 is above the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.62, and below the 200-day MA of 0.94, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 32.22 is Neutral, neither overbought nor oversold. The STOCH value of 17.09 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $2.69B | 34.75 | 6.08% | ― | 44.14% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
46 Neutral | $123.57M | -1.11 | -101.64% | ― | 29.57% | 13.83% | |
| ― | ― | ― | ― | ― | ― | ― | |
58 Neutral | $2.48B | -40.64 | -22.20% | ― | 57.34% | 50.64% | |
49 Neutral | $1.18B | -7.10 | 691.75% | ― | 103.11% | 7.34% | |
45 Neutral | $52.80M | -1.01 | -56.22% | ― | 9.76% | 68.22% |
* Consumer Cyclical Sector Average
INVZ
Innoviz Technologies
0.41
-1.22
-74.91%
LAZR
―
―
―
―
AEVA
Aeva Technologies
25.26
12.84
103.38%
OUST
Ouster
45.58
22.48
97.32%
LIDR
AEye Inc
1.22
-1.62
-57.04%
HSAI
Hesai Group Sponsored ADR
17.75
-4.54
-20.37%
Innoviz Technologies Corporate Events
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...
Innoviz Extends Into Defense Market and Reaffirms 2026 Outlook Despite Weak Q1
May 14, 2026
On May 14, 2026, Innoviz Technologies reported first-quarter 2026 revenue of $7.1 million, down from $17.4 million a year earlier, as several non-recurring engineering milestones were delayed at customer request, while operating expenses rose 18% ...
Innoviz Technologies Files Q1 2026 Financials and Updates U.S. Registrations
May 14, 2026
Innoviz Technologies has filed a Form 6-K with the U.S. Securities and Exchange Commission for May 2026, furnishing investors with its interim unaudited consolidated financial statements as of March 31, 2026 and for the first quarter of 2026, alon...
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.