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 ( INVZ ) 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 ( INVZ ) is $2.90, about 44.5% above its November 11 closing price of $1.61

Press Release:

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(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.)