Innoviz Technologies' Q3 revenue beats on increase in LiDAR unit shipments
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:
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
