Innoviz Technologies reported record Q2 2026 revenue of $18.1 million, up from $9.7 million in the prior year period, while operating expenses rose 3% to $19.1 million. The company announced a registered direct offering that closed on July 29, 2026, generating approximately $30 million in gross proceeds. Strategically, Innoviz launched its Perciz brand for defense and homeland security markets, securing its first multimillion-dollar orders totaling $3.5 million from a major defense customer on July 30. The firm also appointed Maj. Gen. (Ret.) Yoav Har-Even to its Board of Directors to support these efforts. Automotive programs with Volkswagen, Mobileye, and Daimler Truck remain on track for start-of-production, alongside the development of a LiDAR-based perception stack with a top 10 global OEM. Innoviz reiterated its full-year 2026 revenue outlook of $67–$73 million. The company operates in the automotive and defense sectors as a supplier of high-performance LiDAR sensor platforms.
