Innoviz's Q2 2025 Earnings Call: Unpacking Key Contradictions in LiDAR Shipments and Strategic Focus

Volume of LiDAR shipments and production capacity, automotive OEM program status and timeline, gross margin and NRE impact, SOP timeline and program details, and automotive vs. non-automotive market strategy are the key contradictions discussed in Innoviz Technologies Ltd.'s latest 2025Q2 earnings call.



Revenue and Financial Performance:
- Innoviz Technologies reported revenues of $9.7 million for Q2, bringing the first half of the year to $27.1 million, more than their 2024 revenue.
- The revenue growth was driven by increased LiDAR unit sales and NREs, along with a focus on reducing cash burn.

Customer and Program Developments:
- The company secured a Statement of Development Agreement with a top 5 passenger automotive OEM for a Level 3 global production passenger vehicle program.
- The partnership advancement is part of a strategy to work with top OEMs, demonstrating strong positioning in the LiDAR space.

InnovizSMART Launch and Market Expansion:
- Innoviz launched InnovizSMART, their automotive-grade LiDAR for industrial and nonautomotive applications, and announced collaborations with companies like Cogniteam and Sparsh.
- The launch is aimed at leveraging the demand in nonautomotive sectors, with higher ASPs and shorter design cycles, opening new revenue streams.

Production and Ramp-Up Capacity:
- Innoviz stated they will ship 10x more units in Q3 than in Q2, utilizing Fabrinet's high-volume production line.
- This ramp-up is in response to increased demand from customers and is a significant step towards scaling production capabilities.