Innoviz Technologies' Q3 revenue beats on increase in LiDAR unit shipments

Innoviz Technologies

12/11/2025 12:12

Overview

Innoviz Q3 2025 revenue grows to $15.3 mln, beating analyst expectations

Company selected for L4 autonomous truck series production by major OEM

Outlook

Company reiterates FY 2025 revenue target of $50-$60 mln

Innoviz targets 1-3 new program wins in FY 2025

Company expects FY 2025 NRE bookings of $30-$60 mln

Result Drivers

LIDAR SHIPMENTS - Significant increase in LiDAR unit shipments in Q3, aligning with plans to ship more units

AUTONOMOUS TRUCKS - Selected by major OEM for L4 autonomous truck production, began shipping units for data collection

NON-AUTOMOTIVE TRACTION - InnovizSMART gaining traction in non-automotive applications, outperforming existing systems

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$15.28 mln
$14.67 mln (3 Analysts)
Q3 EPS
Meet
-$0.08
-$0.08 (3 Analysts)
Q3 Net Income
Beat
-$15.42 mln
-$18 mln (2 Analysts)
Q3 Operating Income
Beat
-$15.80 mln
-$18.16 mln (3 Analysts)
Q3 Pretax Profit
Beat
-$15.39 mln
-$17.45 mln (2 Analysts)
Q3 Operating Expenses
$18.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Innoviz Technologies Ltd is $2.90, about 44.5% above its November 11 closing price of $1.61

Press Release: ID:nPn3yr8gNa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)