NASDAQ$INVZ
Innoviz Technologies Ltd · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Innoviz Q1 2026: revenue $7.1M on delayed NRE milestones as defense push and FY outlook hold
Innoviz reported Q1 2026 revenue of $7.1 million versus $17.4 million a year ago, reflecting NRE milestone timing shifts as customers requested additional content. Operating expenses rose 18% to $24.9 million, producing a gross loss of $1.6 million and net loss of $26.2 million ($0.12 per share). Liquidity was approximately $60.1 million at March 31. Management reiterated FY 2026 revenue guidance of $67–$73 million and highlighted entry into defense and homeland security via InnovizSMART, a Kela Technologies engagement, and new automotive programs with VW, Mobileye, and Daimler Truck. The company launched InnovizTwo Ultra Long-Range LiDAR with up to 1 km sensing and signed an LOI with LOXO for Level 4 integration.
- Q1 revenue was $7.1M vs $17.4M in Q1 2025 as several NRE milestones shifted out of the quarter.
- Operating expenses were $24.9M (+18% y/y); net loss was $26.2M ($0.12 basic/diluted EPS).
- Liquidity of ~$60.1M at quarter-end includes cash, deposits, marketable securities, and restricted cash.
- FY 2026 outlook unchanged at $67–$73M revenue, 2–3 new program wins, and $20–$30M new NRE payment plans.
- Defense traction includes Kela fielding InnovizTwo LiDARs and a pending announcement with a large holding group.
Headline financials
Revenue & EPS history
Innoviz · Revenue · Quarterly
$7.13M
Forward guidance
Innoviz reiterated FY 2026 targets of $67–$73M revenue, 2–3 new program wins, non-automotive Physical AI LiDAR sales up to 10% of revenue, and $20–$30M in new NRE payment plans.
Tailwinds
- Expanding into high-margin defense and security markets with InnovizSMART and Ultra Long-Range LiDAR
- Automotive programs with VW, Mobileye, and Daimler Truck progressing toward 2026 launches
Headwinds
- Q1 revenue shortfall from delayed NRE milestones may take time to fully recover
- Continued operating losses and gross loss on lower volumes
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-2.4%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-7.8%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+13.4%
Q1 2024
Best reaction
-19.4%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -19.4% | -23.9% | — | |
| Q4 2025 | -2.0% | -0.9% | -31.7% | |
| Q3 2025 | -5.7% | -17.4% | -23.0% | |
| Q2 2025 | -12.8% | -1.6% | +1.6% | |
| Q1 2025 | -6.8% | -1.0% | -9.4% | |
| Q3 2024 | -13.2% | -1.7% | -15.9% | |
| Q2 2024 | -0.2% | -3.7% | -27.9% | |
| Q1 2024 | +13.4% | +7.1% | -5.4% | |
| Q4 2023 | -5.4% | -4.8% | -19.6% | |
| Q3 2023 | +4.8% | +18.1% | +8.4% | |
| Q2 2023 | -3.5% | -12.4% | -41.4% | |
| Q1 2023 | +6.8% | +4.4% | +14.0% | |
| Q4 2022 | -16.5% | -12.6% | -26.3% | |
| Q3 2022 | +10.3% | +19.0% | +2.8% | |
| Q2 2022 | +9.8% | +12.8% | +4.8% | |
| Q1 2022 | -13.6% | -7.4% | -6.0% | |
| Q4 2021 | -5.7% | -15.6% | -4.2% | |
| Q3 2021 | +1.3% | +11.9% | +19.4% | |
| Q2 2021 | +3.5% | -4.2% | -19.4% | |
| Q1 2021 | -7.1% | +11.2% | -0.6% | |
| Q4 2020 | +5.9% | +13.8% | +6.5% | |
| Q3 2020 | +0.9% | -0.3% | -0.3% | |
| Q2 2020 | +1.0% | +1.2% | +1.5% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro