Innoviz Highlights Breakout 2025 and CES 2026 Traction in CEO Letter to Shareholders
Rhea-AI Summary
Innoviz (NASDAQ: INVZ) published an open letter from CEO Omer Keilaf highlighting 2025 execution and CES 2026 traction. Key points: 2025 revenue guidance of $50–60 million (more than double 2024), ramp of production with shipments from Fabrinet, selection as LiDAR partner for series production of Level 4 trucks with Daimler Truck and Torc Robotics, and commercial progress across automotive Level 2+ to Level 4 and non-automotive markets via InnovizSMART.
The company showcased InnovizSMART/InnovizSMARTer, InnovizThree with integrated RGB, and production-ready InnovizTwo, and said several programs are SOP-ready in 2026 with deployments accelerating in 2027.
Positive
- 2025 revenue guidance of $50–60M (more than double 2024)
- Selected as LiDAR partner for series production of Level 4 trucks with Daimler Truck and Torc Robotics
- Began shipping LiDAR units from Fabrinet high-volume production line
- InnovizTwo SOP-ready in 2026 with deployments accelerating in 2027
- Launched InnovizSMART for non-automotive markets to broaden revenue mix
Negative
- None.
News Market Reaction
On the day this news was published, INVZ declined 2.75%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
INVZ was down 2.68% while peers showed mixed moves: SES up 6.21%, MLR up 1.76%, HLLY down 1.9%, MPAA down 3.96%, SLDP down 2.07%. This points to stock-specific dynamics rather than a unified sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 07 | AI partnership | Positive | -5.1% | MoU with Vueron to integrate Innoviz LiDAR data into VueX AI platform. |
| Jan 06 | Product launch | Positive | -4.1% | Launch of InnovizSMARTer LiDAR plus edge compute solution for smart infrastructure. |
| Jan 06 | Product launch | Positive | -4.1% | Announcement of InnovizThree colored 3D LiDAR with integrated RGB camera. |
| Dec 23 | Product launch | Positive | -7.8% | Unveiling of slimmer, lower-power InnovizThree LiDAR with cost reduction vs InnovizTwo. |
| Dec 17 | Event preview | Positive | -5.0% | Announcement of CES 2026 participation with demos of InnovizThree, InnovizTwo and InnovizSMART. |
Recent product and partnership announcements with seemingly positive strategic implications were followed by negative 24-hour price reactions, suggesting a pattern of the stock selling off on innovation-focused news.
Over the last months, Innoviz has focused on new LiDAR products and CES 2026 positioning. Events included the InnovizThree launch on Dec 23, 2025, CES 2026 showcase plans on Dec 17, 2025, and multiple CES-timed announcements on Jan 6–7, 2026 such as InnovizSMARTer and the Vueron partnership. Each drew negative 24-hour price reactions of between -4.07% and -7.83%. Today’s shareholder letter emphasizing 2025 execution and CES traction fits that same innovation and commercialization narrative.
Market Pulse Summary
This announcement centers on Innoviz’s 2025 execution, CES 2026 momentum, and guided 2025 revenues of $50-60 million, described as more than double 2024 levels. The letter reinforces progress with InnovizTwo and InnovizThree, non-automotive InnovizSMART use cases, and named customers such as Daimler Truck and VW ID Buzz AD. Historically, similar innovation and CES-focused updates saw weak short-term price reactions, so tracking future production ramps, deployment timing into 2026–2027, and revenue realization remains important.
Key Terms
lidar technical
edge computing technical
rgb camera technical
level 3 technical
AI-generated analysis. Not financial advice.
The full text of the letter follows:
Dear Fellow Shareholders,
2025 was a transformative year for Innoviz, and CES 2026 reflected that momentum. In an ecosystem that is now reaching its prime, mature and commercially ready products carry the most weight. Innoviz showcased a number of new advancements and real-time demos that underscored the strength of its technology, at a time when many competitor solutions appeared broadly unchanged relative to prior years. Our progress was tangible for customers, partners, and investors across the industry. The buzz around our booth, the volume of meetings, the demos, and the feedback we received all pointed in the same direction: Innoviz has proven the capabilities of its LiDAR solutions, and is seen as a trusted partner by leading automotive OEMs, as well as by non-automotive customers. We left CES 2026 energized, with solid checkpoints spanning Level 2+, Level 3, and Level 4 automotive applications, and several new opportunities. Looking ahead to 2026, we are laser-focused on what matters most – supporting our customers with best-in-class technology, further ramping production, expanding our scope and our pipeline of programs, and strengthening our financial position.
CES 2026: A Pivotal Showcase
At CES 2026, we focused on three defining themes: demonstrating our edge compute capabilities, highlighting our expanding product portfolio, and underscoring our readiness for large-scale deployment.
- InnovizSMART, designed for non-automotive applications, is expected to generate meaningful revenues over the near and long-term while enhancing margins. At CES 2026, we saw that InnovizSMART is gaining traction across a variety of applications and use cases; recent collaborations include Vueron, Cogniteam, Cron-AI, and several others that see the advantages of InnovizSMART.
- We demonstrated InnovizSMARTer – our InnovizSMART LiDAR integrated with Nvidia Jetson Orin Nano – a one-box solution that combines LiDAR and edge compute for real-time 3D AI perception and compression. Edge computing enables wireless implementation in bandwidth-constrained environments and allows the application layer to shift to the cloud. This architecture simplifies deployment and opens new opportunities for data monetization.
- We showcased the InnovizThree with an integrated RGB camera, developed for in-cabin integration behind the windshield to meet a critical automotive OEM design requirement. The InnovizThree features a slimmer design, with lower power consumption and improved performance.
- Our InnovizTwo is mature and in production, with proven short-, medium- and long-range performance and unique blockage resilience that is critical to the safety, reliability, and availability of LiDAR in harsh weather conditions. Multiple Level 3 and Level 4 programs powered by the InnovizTwo Long and Short-to Mid-range LiDARs are SOP-ready in 2026 with deployments accelerating in 2027. These include Daimler Truck, VW ID Buzz AD, and other Mobileye Drive and Mobileye Chauffeur™-based programs.
2025: A Transformative Year of Execution
The momentum we saw at CES 2026 was the direct result of a transformative year of disciplined execution in 2025.
- Innoviz was selected as a LiDAR partner for series production of Level 4 autonomous trucks by Daimler Truck and Torc Robotics.
- Innoviz began to ship LiDAR units from Fabrinet's high-volume production line.
- We launched InnovizSMART, bringing our automotive-grade LiDAR performance to security, mobility, aerial, robotics, and intelligent traffic management applications.
- Exiting the third quarter of 2025, we guided for 2025 revenue of
$50 -60 million - Over the course of the year, Innoviz secured additional NREs with existing and new customers.
As we close out 2025 and look forward to 2026, I thank you for your continued support and partnership as Innoviz enters its next phase of growth with programs moving into production and deployments set to scale. Our goal remains clear: to build Innoviz into the world's leading large-scale supplier of best-in-class LiDAR solutions.
Omer Keilaf
Founder and CEO
Innoviz Technologies
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the US,
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Media Contact
Media@innoviz-tech.com
Investor Contact
Investors@innoviz-tech.com
Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services and products offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, expected NRE payments, the anticipated scaling of production, and Innoviz's projected future operational and financial results, including revenue and NREs. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
"NRE (Non-Recurring Engineering)" is booked services that may be ordered from Innoviz usually as part of a program design win and includes, among other things, application engineering, product adaptation services, testing and validation services, standards and qualification work and change requests (usually during the lifetime of a program). NREs may be paid based on milestones over the development phase of the project which may take a few years.
Many factors could cause actual future events, and, in the case of our forward-looking revenues and NRE bookings, actual orders or actual payments, to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, the possibility that NRE would be set off against liabilities and indemnities, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations regarding the impact of the evolving conflict in
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SOURCE Innoviz Technologies
FAQ
What revenue did Innoviz (INVZ) guide for 2025 in the CEO letter?
Which automakers did Innoviz say selected its LiDAR for Level 4 series production in 2025?
When did Innoviz say its InnovizTwo products are SOP-ready and when will deployments accelerate?
What new products did Innoviz highlight at CES 2026 for non-automotive and in-cabin use?
Has Innoviz started high-volume production shipments according to the CEO letter?
