Innoviz Technologies Ltd., an Israeli company founded in 2016 and based in Rosh HaAyin, specializes in the development and production of cutting-edge ...
Innoviz Technologies Ltd. (INVZ) develops and produces high-performance LiDAR technology and the associated perception software used to “see” the environment for autonomous systems. Headquartered in Rosh HaAyin, Israel, the company was founded in 2016 and has focused its efforts on enabling safe commercialization of autonomous vehicles by providing Tier-1–style sensor ...Innoviz Technologies Ltd. (INVZ) develops and produces high-performance LiDAR technology and the associated perception software used to “see” the environment for autonomous systems. Headquartered in Rosh HaAyin, Israel, the company was founded in 2016 and has focused its efforts on enabling safe commercialization of autonomous vehicles by providing Tier-1–style sensor platforms and software outputs that can be integrated into automotive and mobility ecosystems.
At the product level, Innoviz’s core hardware offerings include InnovizOne and InnovizTwo—automotive-grade solid-state LiDAR sensors designed for high-volume manufacturing. These sensors are intended to support autonomy levels often described in the industry as ranging from Level 3 through Level 5, depending on system design, integration, and validation requirements. Innoviz360 is positioned as a versatile 360-degree LiDAR solution that can be used not only in automotive contexts but also across non-automotive use cases such as robotics, security, and logistics sensing. The underlying value proposition is consistent: deliver accurate, reliable environmental perception using LiDAR in a form factor and quality suitable for production vehicles.
In parallel with its sensing hardware, Innoviz provides perception software that converts raw point cloud data into actionable perception outputs—effectively delivering scene understanding for downstream autonomy stacks. In at least some configurations, the perception application is described as providing an automotive-grade ASIL B(D) compliant system approach, which matters for safety engineering, functional safety processes, and customer qualification. This tight linkage between sensor output and perception software is intended to reduce integration friction for customers deploying autonomous or driver-assistance capabilities.
From a business perspective, Innoviz’s customers are typically automotive manufacturers, robotaxi fleets, shuttle operators, and logistics companies, as well as other partners building autonomous sensing solutions. The company’s operational footprint spans multiple regions, including Europe, the Asia Pacific region, the Middle East, Africa, and North America.
Financially, the provided ttm indicators show ongoing investment and a growth-stage profile: profitability metrics such as operating margin and net profit margin are negative, and free cash flow is also negative. For investors and customers, this suggests Innoviz is still in a scaling and commercialization phase where significant R&D and operating costs are required before margins and cash generation stabilize. In terms of cost structure, the emphasis on sensor hardware and safety-grade software typically implies meaningful R&D, engineering validation, and manufacturing ramp costs (including ongoing development and testing to meet automotive requirements). Key leadership includes CEO and co-founder Omer David Keilaf, who has been involved since the company’s founding. Overall, Innoviz’s “wish” or strategic direction is to accelerate adoption of autonomous driving by making high-performance LiDAR and perception systems more manufacturable, integratable, and suitable for safety-critical production environments.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$55.1M
+127.0%
+153.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-67.8M
+28.5%
+29.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+23.4%
+589.7%
+117.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-123.0%
+70.7%
+72.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-123.1%
+68.5%
+72.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-52.0M
+36.1%
+3.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-94.4%
+71.8%
+62.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
83.1%
+121.5%
+26.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.87x
-3.5%
-21.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Ladies and gentlemen, thank you for standing by, and welcome to Innoviz's Second Quarter 2026 Earnings Call. [Operator Instructions] I must advise you that this call is being recorded. I would now like to hand over the call to our first speaker, Ada Menaker, Head of Investor Relations. Ada, please go ahead.
Ada Menaker: Good morning. I would like to welcome you to the Innoviz Technologies Second Quarter 2026 Earnings Conference Call. Joining us today are Omer Keilaf, Chief Executive Officer; and Eldar Cegla, Chief Financial Officer. I would like to remind everyone that this call is being recorded and will be available on the Investor Relations section of our website at ir.innoviz.tech. Before we begin, I would like to remind you that our discussion today will include forward-looking statements that are subject to risks and uncertainties relating to future events and the future financial performance of Innoviz. Actual results could differ materially from those anticipated in the forward-looking statements. Forward-looking statements made today speak only to our expectations as of today, and we undertake no obligation to publicly update or revise them. For a discussion of some important risk factors that could cause actual results to differ materially from any forward-looking statements, please see the Risk Factors section of our Form 20-F filed with the SEC on March 4, 2026. Omer, please go ahead.
Omer Keilaf: Thank you, Ada, and good morning to everyone joining us for our second quarter earnings call. The recent months have been transformative for Innoviz as we enter the defense and homeland security markets. For the past decade, we built our LiDARs to the toughest bar in the industry, automotive functional safety and automotive qualification. That work established a strong technological moat and a leading position in LiDAR for the auto market, a high-volume, long-term business. And those same capabilities now let us take our proven LiDAR platform into defense and homeland security, which is a market with faster growth and much higher margins. Governments are allocating tens of billions of dollars in Israel, the U.S., Europe and elsewhere to counter emerging threats, establishing what could be a multibillion-dollar TAM. We are serving this market under a dedicated new brand, Perciz, with our existing sensors expected to be going into Counter-UAS, perimeter security and unmanned ground vehicle UGV applications. We've also appointed retired major general Yoav Har-Even, the former President and CEO of Rafael to our Board of Directors to advance our efforts in this market. So far, 6 companies have publicly announced that they are engaging with us to adopt LiDARs in defense and security applications, and we are in active conversations with dozens more. We've received our first multimillion dollar defense order for Counter-UAS and perimeter security, and our LiDAR solutions have been installed and are fully operational in several locations. …