Innoviz Reaffirms $67–$73M Outlook, Launches 1km Range LiDAR and Secures Defense Deals
Innoviz posted Q1 revenue of $7.1M (reflecting NRE milestone variability) and reaffirmed its FY2026 outlook of $67–$73M. It entered defense and security via Kela Technologies and a holding group, launched InnovizTwo Ultra Long-Range LiDAR with 1km range, and advanced automotive programs with VW, Mobileye and Daimler Truck for 2026 launches.
1. Q1 2026 Financial Results
Innoviz reported first quarter revenue of $7.1M, impacted by timing shifts in non-recurring engineering milestones that were requested by customers. The company reiterated its full-year 2026 revenue guidance of $67–$73M, expecting that shifted milestones will close the gap in subsequent quarters.
2. Defense and Security Market Expansion
Innoviz expanded into the high-margin defense and security market through engagements with Kela Technologies to field InnovizTwo LiDARs for perimeter security and drone detection, and by signing an agreement with a large holding group to incorporate its LiDAR solutions into their defense offerings, with an announcement expected soon.
3. Automotive Programs and Product Launches
The company launched its InnovizTwo Ultra Long-Range LiDAR offering up to 1km sensing and entered an advanced development program for on-sensor perception software. Automotive partnerships with VW, Mobileye and Daimler Truck remain on track for product launches in 2026, and an LOI was signed with LOXO for Level 4 integration.