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INVZ
Innoviz Technologies Ltd.

Innoviz Technologies Ltd.INVZ

Consumer Cyclical · Auto Parts
0.31USD
-3.13%
Sep 12, 2026
INVZ overview ready
Automotive-grade LiDAR sensors enabling vehicle 3D sensing and autonomy
Innoviz is an automotive-grade LiDAR and perception-software supplier extending its sensor platforms into defense and homeland-security applications, notably counter-UAS, perimeter security, and situational awareness.
NarrativeStrong exposure
Defense Rearmament and Industrial BaseUnmanned Systems and Counter-DroneComponent supplier
Price ActionTrend broken
Damaged Structure
The tactical setup reads distribution pressure, but the weekly structure is broken.
ValuationFairly priced
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with…
FundamentalsSolid
Ev / sales strong
Primary risk
High operating losses and negative margins.
Market Sep 11Price action Sep 12Research Sep 12

Conviction Level

NarrativeHeat8.2ThemeHeat8.1PriceAction1.4Valuation3.5CompanyPosition7.3
Price
Loading price history…

Price Action

WeeklyDamaged Structure
DailyDistribution Pressure
StateDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$93.0M
Provider figure at the stated date
Revenue Growth YoY
+85.5%
Latest quarter
Gross Margin
+6.5%
Trailing twelve months
Operating Margin
-101.9%
Trailing twelve months
Free Cash Flow Yield
-25.1%
Provider figure at the stated date
Next Earnings
2026-11-11
EV / Sales
1.1x
Provider figure at the stated date
Market metrics as of Sep 12, 2026

Fundamentals & Valuation

This company has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced. The price already assumes a business generating about $25M a year within 10 years — 0.1x what the median established company in its field earns today. It trades at 1.1x revenue today, a sales multiple that cannot speak to profits the business has yet to earn. The business shows revenue growing 86% and a net cash position, set against an operating margin of -102%, a 7% gross margin and negative free cash flow. The stance depends on growth of this order persisting for years rather than quarters, gross margin improving enough to leave room for an operating profit and funding the gap without dilution on worse terms — on future execution, not on cash the business currently generates.

One of the two valuation perspectives says cheap; peers is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
IntrinsicCheap
Today's enterprise value prices this business to generate 0.1x the median established peer's current free cash flow by year 10.
PeersFair
Raw EV / Sales against the peer median — too few companies show enough growth and operating margin to adjust for it, so this premium is not growth-adjusted.
Own historyUnavailable
no retained price history or no quarterly revenue record to rebuild past multiples from

Company Research

Thesis
Innoviz is an automotive-grade LiDAR and perception-software supplier extending its sensor platforms into defense and homeland-security applications, notably counter-UAS, perimeter security, and situational awareness. Its defense activity is currently an emerging adjacent revenue stream rather than its dominant established business.
Opportunity
Moderate opportunity
Defense and homeland-security procurement of deployable unmanned-system and counter-UAS capabilities, including the sensing, classification, command-and-control, and defeat layers needed to counter proliferating drones.
Key risk
High operating losses and negative margins.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Unmanned Systems and Counter-Drone · Moderate fit
INVZ is not a prime unmanned-systems or counter-drone contractor, but its LiDAR can provide a direct sensing and classification layer within counter-UAS and security systems.
Narrative HeatHeating up8.2 / 10
Theme HeatHeating up8.1 / 10

Business & Markets

Consumer Cyclical · Auto Parts
What they do

Innoviz Technologies Ltd. develops and supplies automotive-grade LiDAR sensors and perception software to enable accurate 3D sensing for vehicles and other applications worldwide.

How it earns

The company generates revenue primarily through the sale of LiDAR hardware and related software solutions to automotive and industrial customers.

Products & services
InnovizTwo LiDAR sensors (Short to Ultra Long-Range)
InnovizThree behind-the-windshield LiDAR sensor
InnovizSMART physical AI applications platform
Customers & end markets
Automotive manufacturers and suppliers
Security and defense sectors
Market position

Niche player specializing in automotive-grade LiDAR sensors with a focus on range, resolution, and reliability.

Demand drivers
High cyclicality

Dependent on automotive industry production cycles and adoption rates of autonomous driving technologies.