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Innoviz Technologies shared its Q3 2026 earnings, showing $12.1 million in sales, which was below expectations.

ResultsRead the original at Benzinga
Bad for INVZ

Innoviz Technologies missed its Q3 sales expectation after a customer moved work, and cut its yearly sales estimate to $44 million-$46 million. Expected savings of $17.5 million and defense growth help, but delayed work weighs more.

INVZ · Innoviz Technologies

AI read · Bad for INVZ

The AI's read

Customer timing shifts push some project income later, but the company expects to complete that work in the fourth quarter. Cost cuts and defense sales may help broaden the business, but that growth is still expected, and some vehicle project timelines moved to 2027. The sales shortfall and lower yearly sales estimate outweigh those hoped-for gains.

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