Innoviz Technologies Ltd. (INVZ)
NASDAQ:INVZ
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Innoviz Technologies
(NASDAQ:INVZ)
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Rating:51Neutral
Price Target:
$0.75
▲(11.94% Upside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance (declining TTM revenue, steep losses, and significant ongoing cash burn). This is partially offset by a more constructive earnings outlook and commercial progress from the latest call (reiterated 2026 growth guidance and shipment ramp expectations) and improved near-term technical momentum, though longer-term trend signals remain unfavorable and valuation support is limited with negative earnings and no dividend.
Positive Factors
Robust commercial pipeline & design wins
A broad pipeline and multiple OEM/Tier‑1 engagements create durable optionality. Design wins with Volkswagen, Mobileye and Daimler Truck, plus 100+ open opportunities and plans for 2–3 new programs, raise the likelihood of multi‑year production volumes and recurring hardware revenue as SOPs convert.
Negative Factors
Persistent negative cash generation
Sustained negative operating and free cash flow means the business consumes material cash to operate and scale. Ongoing cash burn forces reliance on external financing or dilution, constrains reinvestment, and raises execution risk if production ramps or margin improvements are delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust commercial pipeline & design wins
A broad pipeline and multiple OEM/Tier‑1 engagements create durable optionality. Design wins with Volkswagen, Mobileye and Daimler Truck, plus 100+ open opportunities and plans for 2–3 new programs, raise the likelihood of multi‑year production volumes and recurring hardware revenue as SOPs convert.
Read all positive factors
Innoviz Technologies (INVZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$154.46M
Dividend YieldN/A
Average Volume (3M)3.30M
Price to Earnings (P/E)―
Beta (1Y)2.57
Revenue Growth29.57%
EPS Growth13.83%
CountryUS
Employees415
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.39
Shares Outstanding214,523,560
10 Day Avg. Volume4,298,686
30 Day Avg. Volume3,302,108
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 Cap1.24
Enterprise Value/Revenue4.29
Enterprise Value/Gross Profit44.29
Enterprise Value/Ebitda-2.60
Forecast
1Y Price Target
$0.75Price Target Upside11.94% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.29
Revenue Forecast (FY)$70.00M
Innoviz Technologies Business Overview & Revenue Model
Company Description
Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for aut...
How the Company Makes Money
Innoviz primarily makes money by selling lidar-related products and services to automotive and mobility customers. Key revenue streams include: (1) Lidar hardware sales: revenue from shipping lidar sensors (including InnovizOne and InnovizTwo) to ...
Innoviz Technologies Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call balanced operational and commercial progress (product launches, record shipments, solid pipeline, entry into defense, reiterated full-year guidance, healthy cash position and no long-term debt) against near-term execution and profitability challenges (Q1 revenue timing shifts, heavy NRE revenue mix, negative gross margin of -22%, and elevated cash burn from production ramp). Management expects the revenue timing issues to be resolved in subsequent quarters and gross margins to improve as volume ramps, and they reiterated full-year targets. Given the quantity and strategic importance of the product launches, customer engagements, and the reiterated guidance, the positives outweigh the near-term financial headwinds.Positive Updates
Quarterly Revenue
Reported Q1 2026 revenues of $7.1 million, with management stating purchase orders are in place for delayed NRE milestones and expectation to recognize those revenues in coming quarters.
Negative Updates
Weak Q1 Revenue Mix and NRE Timing Variability
Q1 revenues were impacted by NRE milestone timing shifts and customer requests for additional content, pushing some NRE-related revenue into later quarters and resulting in lower-than-expected Q1 revenue recognition.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly Revenue
Reported Q1 2026 revenues of $7.1 million, with management stating purchase orders are in place for delayed NRE milestones and expectation to recognize those revenues in coming quarters.
Read all positive updates
Company Guidance
Management reiterated 2026 revenue guidance of $67–$73 million (about +27% year‑over‑year), expects up to 10% of 2026 revenues from non‑automotive physical AI (up from ~1% in 2025), plans $20–30 million of new NRE payments, and expects to add 2–3 new programs this year; they reported Q1 revenues of $7.1M, record Q1 unit shipments (about half of 2025’s total shipments) with further acceleration expected in H2, have purchase orders in place to recognize delayed Q1 NRE revenue in coming quarters, and ended the quarter with ~$60.1M cash (no long‑term debt) while Q1 cash used in operations and CapEx was ~$15.8M and Q1 gross margin was ~‑22% (management expects gross margins and fixed‑cost absorption to improve as volumes ramp and SOPs are reached).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 | -73.94M | -61.86M | -94.13M | -123.41M | -125.88M | -153.69M |
| 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
Neutral
0.67
Price Trends
0.69
Positive
0.83
Negative
1.23
Negative
Market Momentum
<0.01
Positive
51.06
Neutral
42.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVZ, the sentiment is Neutral. The current price of 0.67 is below the 20-day moving average (MA) of 0.73, below the 50-day MA of 0.69, and below the 200-day MA of 1.23, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.06 is Neutral, neither overbought nor oversold. The STOCH value of 42.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
60 Neutral | $2.70B | -51.00 | -22.20% | ― | 57.34% | 50.64% | |
58 Neutral | $3.14B | 42.34 | 6.08% | ― | 44.14% | ― | |
51 Neutral | $154.46M | ― | -101.64% | ― | 29.57% | 13.83% | |
51 Neutral | $1.85B | ― | 691.75% | ― | 103.11% | 7.34% | |
51 Neutral | $91.70M | ― | -56.22% | ― | 9.76% | 68.22% |
* Consumer Cyclical Sector Average
INVZ
Innoviz Technologies
0.76
-0.15
-16.15%
AEVA
Aeva Technologies
28.18
9.91
54.24%
OUST
Ouster
46.05
33.82
276.53%
LIDR
AEye Inc
2.00
1.29
181.69%
HSAI
Hesai Group Sponsored ADR
18.90
0.04
0.21%
Innoviz Technologies Corporate Events
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...
Innoviz Technologies Receives Nasdaq Minimum Bid Price Non-Compliance Notice
Mar 27, 2026
Innoviz Technologies, a leading Tier-1 supplier of automotive-grade LiDAR systems and perception software for global carmakers and industrial users, operates across major markets in the U.S., Europe and Asia. Its technology is designed to enhance ...
Innoviz Doubles 2025 Revenue and Wins New Autonomous Truck Deal as It Sets 2026 Targets
Feb 25, 2026
On February 25, 2026, Innoviz Technologies reported that 2025 revenues more than doubled year over year to $55.1 million, driven by non-recurring engineering services and LiDAR unit sales, while operating expenses fell 20% to $80.6 million and liq...
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.