Innoviz Technologies' Q3 revenue beats on increase in LiDAR unit shipments
Innoviz Technologies reported Q3 2025 revenue of $15.3 million, surpassing analyst expectations. The company was selected for L4 autonomous truck production by a major OEM and aims for 1-3 new program wins in FY 2025. Innoviz maintains its FY 2025 revenue target of $50-$60 million and anticipates NRE bookings of $30-$60 million. The average analyst rating is "buy," with a 12-month price target of $2.90, reflecting a potential 44.5% increase from its recent closing price of $1.61.
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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/Mis Actual Consensu
s s
Estimate
Q3 Beat $15.28 $14.67
Revenue mln mln (3
Analysts
)
Q3 EPS Meet -$0.08 -$0.08
(3
Analysts
)
Q3 Net Beat -$15.42 -$18 mln
Income mln (2
Analysts
)
Q3 Beat -$15.80 -$18.16
Operatin mln mln (3
g Income Analysts
)
Q3 Beat -$15.39 -$17.45
Pretax mln mln (2
Profit Analysts
)
Q3 $18.10
Operatin mln
g
Expenses
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 . (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.)
