Quarterly ResultMay 14, 2026, 04:07 PM
Innoviz Q1 Revenue $7.1M; Enters Defense Market; Launches InnovizTwo ULR
AI Summary
Innoviz Technologies reported Q1 2026 revenues of $7.1 million, a significant decrease from $17.4 million in Q1 2025, with a net loss widening to $(26.199) million. Despite the lower-than-anticipated Q1 revenues due to NRE milestone variability, the company reiterated its full-year 2026 revenue outlook of $67-$73 million. Innoviz announced its entry into the fast-growing defense and homeland security market, secured engagements with Kela Technologies and a large holding group, and launched the InnovizTwo Ultra Long-Range LiDAR. The company also progressed on existing automotive programs and signed an LOI with LOXO for LiDAR integration.
Key Highlights
- Q1 2026 revenue was $7.1 million, down from $17.4 million in Q1 2025.
- Q1 2026 net loss was $(26.199) million, compared to $(12.642) million in Q1 2025.
- Operating expenses in Q1 2026 increased 18% to $24.9 million from $21.0 million in Q1 2025.
- Liquidity as of March 31, 2026, was approximately $60.1 million.
- Innoviz entered the defense and homeland security market, engaging with Kela Technologies and a large holding group.
- Launched InnovizTwo Ultra Long-Range LiDAR, offering up to 1km sensing capabilities.
- Reiterated FY 2026 revenue outlook of $67-$73 million and 2-3 new program wins.
- Signed an LOI with LOXO to integrate InnovizTwo Long-Range into its autonomous driving solution.
Price Impact
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