Innoviz Technologies Ltd., a leading Tier-1 direct supplier of high performance, automotive-grade Physical AI LiDAR sensor platforms and complementary software stack, today provided commercial and strategic updates on its business, reported its financial results for the year and quarter ended December 31, 2025, and set full year financial and operational targets for 2026.

"2025 was a pivotal year for Innoviz financially and operationally. We more than doubled our revenues, delivered record gross margins, and significantly expanded programs and addressable end-markets. As the world shifts from Digital AI to Physical AI, Innoviz is firmly positioned to enable perception through its industry-leading LiDAR technology. Our program wins and our lineup of products spanning automotive and non-automotive use cases have created powerful momentum entering 2026, positioning us to accelerate growth, deepen customer partnerships, and further expand our leadership," said Omer Keilaf, CEO and Co-Founder of Innoviz. "Heading into 2026, we are advancing on our Level 3 programs with the VW group and Mobileye, and on our Level 4 programs with Daimler Truck, Mobileye, VW and others. We see strong and growing interest in Level 3 and Level 4 programs from global OEMs. To support these efforts, we have introduced the InnovizThree, designed specifically to meet the challenges of behind-the-windshield installation with a smaller form factor and lower power consumption; when combined with a camera, it also simplifies sensor fusion and integration. Outside the automotive space, our InnovizSMART is gaining traction in areas such as security, mobility, and ITS, and we recently announced the installation of several InnovizSMART Perimeter Security Solutions. Additionally, our InnovizSMARTer, which integrates our LiDAR with an Nvidia processor, delivers a comprehensive one-box solution that enables compression at the edge and wireless deployment in bandwidth-constrained environments. As we continue to ramp production, we believe we are well-positioned to become one of the world's premier large-scale suppliers of best-in-class LiDAR solutions for autonomous driving and broader sensing applications, enabling the rise of Physical AI."

Commercial and Strategic Updates

• Selected by Daimler Truck for series production of L4 autonomous trucks – Innoviz will supply LiDARs to support Daimler Truck and Torc Robotics' s Level 4 class 8 Freightliner Cascadia autonomous semi trucks. Innoviz has begun shipping units of its InnovizTwo sensors for Daimler's fleet. The trucks are expected to be deployed across a broad range of highway and regional routes in North America.
• Accelerated Level 3 and Level 4 automotive activity – several customer Level 4 programs are slated for SOP later this year, including the VW ID Buzz, followed by L3 programs in 2027. Amidst strong interest in Level 4 programs, multiple OEMs have Level 3 RFQs in 2026 with programs targeted to ramp in 2028.
• Introduced InnovizThree – InnovizThree is designed to meet the challenges of behind-the-windshield installation, with a smaller form factor and lower power consumption that does not compromise vehicle design or in-cabin environment, at a lower cost. Combined with a camera, it simplifies OEM sensor fusion for faster deployment.
• Deployed InnovizSMART Perimeter Security Solutions – the system combines Innoviz LiDARs with partners' PTZ cameras and analytics software to create an off-the-shelf solution that addresses the limitations of conventional security systems.
• Launched InnovizSMARTer with edge computing – the InnovizSMARTer is a one-box solution that integrates LiDAR with Nvidia's Jetson Orin Nano for processing at the edge and real-time compression, enabling deployments in bandwidth-constrained areas and simplifying installation and cloud applications.

2025 Financial Results
Revenues in 2025 were $55.1 million compared to revenues of $24.3 million in 2024. The revenues resulted from a combination of NRE services and sales of LiDAR units.

Operating expenses in 2025 were $80.6 million, a decrease of 20% compared to operating expenses of $100.8 million in 2024. Operating expenses for 2025 included $10.7 million of share-based compensation compared to $17.0 million of share-based compensation in 2024.

Liquidity as of December 31, 2025 was approximately $72.1 million, consisting of cash and cash equivalents, short term deposits, marketable securities and short-term restricted cash.

FY 2026 Financial and Operational Targets
The company is setting its FY 2026 targets of:

• Revenues of $67-$73 million;
• 2-3 new program wins;
• LiDAR sales for non-automotive Physical AI applications up to 10% of revenue; and
• New NRE payments plans of $20-$30 million.

TrendForce 2026 Infrared Sensing Application Market and Branding Strategies
Release: 01 January 2026
Format: PDF / EXCEL
Language: Traditional Chinese / English
Page: 168