Innoviz Technologies' Q3 revenue beats on increase in LiDAR unit shipments
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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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