The LiDAR firm maintained its full-year revenue guidance of $67 million to $73 million despite delayed NRE revenue.
Innoviz Technologies reported first-quarter revenue of $7.1 million and reaffirmed its 2026 revenue outlook of $67 million to $73 million. The company attributed delays in non-recurring engineering revenue to customer requests for additional content but confirmed purchase orders are secured for the shifted amounts.
Management highlighted growth in defense and homeland security, citing discussions with dozens of potential customers and system integrators. These programs offer higher average selling prices than automotive LiDAR work. Automotive partnerships with Volkswagen, Mobileye, and Daimler Truck remain on track, with record unit shipments in Q1 expected to accelerate in the second half of 2026.
The company also introduced new LiDAR products, including InnovizTwo Ultra Long-Range and InnovizThree, expanding its portfolio for autonomous vehicle and defense applications.