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Innoviz Technologies Q2 Earnings Call Highlights
['Stacy Sanders']
Daily Political
Innoviz Technologies (NASDAQ:INVZ) reported record second-quarter revenue of $18.1 million as higher recognition of non-recurring engineering, or NRE, revenue tied to customer milestones helped lift results.
The company said six organizations have publicly announced engagements involving Innoviz lidar technology during the past three months.
Mobileye has announced a robotaxi platform that uses nine Innoviz lidar units per vehicle, Keilaf said.
Innoviz reiterated its 2026 revenue target of $67 million to $73 million, driven by lidar shipments and NRE payments.
About Innoviz Technologies (NASDAQ:INVZ)Innoviz Technologies Ltd. (NASDAQ: INVZ) is a developer of high-performance solid-state LiDAR sensors and perception software designed to support advanced driver assistance systems (ADAS) and autonomous driving applications.