Innoviz Technologies reported record second quarter 2026 revenue of $18.1 million, an 86% year-over-year increase that surpassed analyst expectations. The company posted a net loss of $0.08 per share, in line with estimates. Management reiterated its full-year 2026 revenue guidance of $67-73 million, citing progress in its automotive programs and early traction in the defense market.
Key Highlights
- Record Revenue: Second quarter revenue reached a record $18.1 million, up from $9.7 million in the same period last year, driven by NRE services and LiDAR unit sales.
- FY 2026 Guidance Reaffirmed: The company maintained its full-year revenue outlook of $67 to $73 million.
- Defense Market Entry: Innoviz announced its first multimillion-dollar orders from a defense customer, totaling approximately $3.5 million, as part of its new expansion into the defense and homeland security markets.
- Liquidity Position: The company ended the quarter with approximately $48.5 million in liquidity, which does not include the approximately $30 million in gross proceeds from a direct offering that closed in July 2026.