Luminar Technologies Inc Stock Price, News & Analysis

Luminar (NASDAQ: LAZR) agreed to sell its subsidiary Luminar Semiconductor (LSI) to Quantum Computing Inc. (QCi) for $110 million in an all-cash transaction.

LSI will remain operational and is not a debtor in Luminar’s voluntary Chapter 11 cases; the sale requires bankruptcy-court approval under a Section 363 process expected by end of January 2026, subject to customary closing conditions. QCi said it will invest to scale LSI and accelerate its quantum photonics roadmap.

Luminar Technologies (NASDAQ: LAZR) initiated voluntary Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas on December 15, 2025 to pursue court-supervised sale processes for its LiDAR business and the equity of Luminar Semiconductors (LSI).

The company has secured support from approximately 91.3% of first-lien and 85.9% of second-lien noteholders, reached an agreement to sell LSI to Quantum Computing Inc. for $110 million in cash (subject to adjustments and higher or better offers), and obtained consent to use $25 million of cash collateral to fund the Chapter 11 process. The company expects sale completion by end of January 2026, subject to court approval.

Luminar (NASDAQ: LAZR) reported Q3 2025 results on November 13, 2025, showing revenue of $18.7M, up 21% YoY and 20% QoQ. GAAP gross loss was $(8.1)M and GAAP net loss attributable to common stockholders was $(89.5)M, or $(1.29) per share; non-GAAP net loss was $(65.4)M. Q3 GAAP operating expenses were $66.6M. Cash and marketable securities totaled $74.0M at quarter end. The company suspended 2025 guidance and is conducting a strategic review, evaluating asset sales, capital raises, restructuring options and has received nonbinding proposals. Luminar signed forbearance and NDA agreements with the majority of secured noteholders through November 24, 2025, and appointed Thomas Beaudoin as CFO and two new directors effective November 13, 2025.

Luminar (Nasdaq: LAZR) will provide a quarterly update for the third quarter of 2025 on Thursday, November 13, 2025.

The company will publish third quarter financial materials at 4:00 p.m. EDT (1:00 p.m. PDT) on its Investor Relations site and host a live webcast with prepared remarks and a live Q&A at 5:00 p.m. EDT (2:00 p.m. PDT). Shareholders may submit questions via investors@luminartech.com. The webcast will be available live and a recording will be posted after the event.

Luminar (NASDAQ: LAZR), a leading automotive technology company, reported its Q2 2025 financial results with revenue of $15.6 million, down 5% YoY and 17% QoQ. The company posted a GAAP net loss of $30.5 million ($0.62 per share) and ended Q2 with $107.6 million in cash and marketable securities.

Luminar announced strategic shifts, including exiting non-core data and insurance businesses. The company revised its FY 2025 guidance, reducing sensor shipment targets to 20-23 thousand units (down from 30-33 thousand) and revenue forecast to $67-74 million (down from $82-90 million).

Key upcoming milestones include ASIC tape-out for Halo by Q4'25, high-volume production line launch in Thailand by Q4'25, and Halo B-sample delivery by Q2'26. Q3'25 revenue is expected between $17-19 million.

Luminar Technologies (NASDAQ: LAZR) announced the granting of inducement equity awards to its new CEO Paul Ricci. The package includes 1,289,167 restricted stock units (RSUs) and up to 820,379 performance stock units (PSUs).

The RSUs are structured with 820,379 units vesting over three years semi-annually, while 468,788 RSUs vest immediately with a 12-month clawback provision. The PSUs will vest based on market capitalization goals, with one-third vesting upon achievement of each of three performance targets. The awards include accelerated vesting provisions for termination without cause or resignation with good reason.

Luminar (Nasdaq: LAZR), a leading global automotive technology company, has scheduled its second quarter 2025 business update for August 12, 2025. The company will release its Q2 financial materials and business update after market close at 4:00 p.m. EDT, followed by a webcast with prepared remarks and Q&A session at 5:00 p.m. EDT.

Shareholders can access the materials through Luminar's Investor Relations website and submit questions via email to investors@luminartech.com. A recording of the webcast will be available after the event.

Luminar Technologies (LAZR) has secured a $200 million capital commitment through a definitive agreement with YA II PN, Ltd. and another investor to issue convertible preferred stock over an 18-month period. The company will initially issue $35 million in convertible preferred stock, with subsequent tranches of up to $35 million available every 60-90 days at 96% of stated value.

The convertible preferred stock will be junior to existing debt and convertible to Class A common stock at the holder's option. The initial proceeds will be used for general corporate purposes and debt retirement. The agreement includes specific conditions based on trading price, volume, and company compliance with preferred stock terms.