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PR Newswire·

Innoviz Reports Third Quarter 2026 Results

  • Innoviz Technologies repositioned its business around two synergistic markets: automotive and defense/homeland security under the Perciz brand
  • The company is in active discussions with multiple strategic defense primes in Israel and abroad, with initial customer orders shipping
  • Israel's Directorate of Defense Research and Development (MAFAT) recognized Innoviz LiDARs for maturity, robustness, and suitability for defense applications
  • Automotive programs with VW, Daimler Truck, and others are progressing, including Level 3 and Level 4 development projects
  • Q3 2026 revenues totaled $12.1 million, down from $15.3 million in the prior year period, due to delays in Non-Recurring Engineering (NRE) revenue timing
  • Innoviz is implementing an operational realignment in the fourth quarter, reducing its workforce by approximately 20% to achieve $17.5 million in annualized cost savings
  • Liquidity as of September 30, 2026, was approximately $54.4 million
  • Updated FY 2026 targets include revenues between $44 million and $46 million, 2–3 new program wins, Perciz revenue comprising 6–7% of total revenue, and $20–30 million in new NRE payment plans
  • Operating expenses for Q3 2026 were $19.7 million, representing a 9% increase compared to the prior year quarter
  • The company reported a net loss of $19.595 million for Q3 2026 and $64.321 million for the nine months ended September 30, 2026
  • Management held a conference call on November 11, 2026, to discuss these commercial updates, financial results, and strategic targets
Company
Innoviz Technologies
Keywords
Innoviz Technologies