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Innoviz Technologies (INVZ) investor relations material
Innoviz Technologies Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $12.1M, down from $15.3M a year earlier; a customer shifted SOP timing and related NRE milestones into 2027, and FY revenue guidance was reduced to $44M-$46M.
Strategy centers on automotive and defense/homeland security under Perciz; initial defense orders are shipping as automotive programs progress.
A Q4 operational realignment, including a ~20% workforce reduction, targets $17.5M in annualized savings and runway into 2028.
Financial highlights
Q3 2026 revenue was $12.1M versus $15.3M in Q3 2025, comprising NRE services and LiDAR unit sales.
Operating expenses rose 9% YoY to $19.7M; operating loss widened to $20.9M from $15.8M.
Net loss was $19.6M versus $15.4M; basic and diluted loss per share was $0.07 versus $0.08.
Cash used in operations and capital expenditures was $21.4M versus $14.0M in Q3 2025; average quarterly cash burn over the past four quarters was $15M.
9M 2026 revenue was $37.3M versus $42.4M, and net loss was $64.3M versus $46.5M.
Outlook and guidance
FY 2026 revenue guidance is $44M-$46M; Perciz is targeted to contribute ~6%-7% of revenue, versus ~1% in 2025.
FY targets include 2-3 new program wins and $20M-$30M in new NRE payment plans; mature pipeline opportunities represent more than $30M in NREs, with timing uncertain.
Delayed NRE revenue is expected in 2027; management expects potential defense volume orders in H1 2027.
The Q4 realignment targets $17.5M in annualized savings versus the current run rate, with full run rate expected in Q1 and liquidity runway into 2028.
- Security and defense aims to add faster-growing, higher-ASP revenue alongside automotive volume.INVZ
The ThinkEquity Conference - Q2 2026 revenue hit $18.1M, up 86%, with strong defense and automotive growth.INVZ
Q2 2026 - AI-powered LIDAR solutions and Tier One partnerships drive growth in automotive and smart city markets.INVZ
Rosenblatt’s 5th Annual Technology Summit - The Age of AI 2025 - Lidar adoption is accelerating across industries, with security, defense, and automotive leading growth.INVZ
TD Cowen's 54th Annual Technology, Media & Telecom Conference - Q1 2026 revenue was $7.1M, with FY2026 outlook unchanged at $67M–$73M and strong defense traction.INVZ
Q1 2026 - LiDAR's evolution and Physical AI expansion drive market leadership and new industry opportunities.INVZ
Status update - Record H1 2025 revenue, reduced cash burn, and new OEM deals drive strong growth momentum.INVZ
Q2 2025 - Q3 revenue hit $4.5M, cash burn fell, and new OEM wins exceeded commercial targets.INVZ
Q3 2024 - Record Q1 revenue and margin, expanded NRE plan, and mass production ramp with Fabrinet.INVZ
Q1 2025
Next Innoviz Technologies earnings date
Next Innoviz Technologies earnings date
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