Innoviz posts record Q2 revenue as it expands into defense and homeland security
Innoviz said record second-quarter revenue, new defense orders and a dedicated Perciz brand support its push into security markets while it reiterates 2026 targets.
Innoviz Technologies said on Aug. 5 that second-quarter 2026 revenue rose to a record $18.1 million as it expands into defense and homeland security through a new brand called Perciz.
The Israeli LiDAR maker said the quarter included its first multimillion-dollar defense orders, totaling about $3.5 million, and six collaborations over the past three months. Innoviz said the orders and partnerships support its push into security markets alongside its automotive business.
The company said it is targeting defense and homeland security markets that use sensors for counter-unmanned aircraft systems and perimeter protection. Innoviz said systems using its sensors have been deployed in several locations and that it is speaking with dozens of prospective customers.
Innoviz said revenue in the quarter came from non-recurring engineering services and sales of LiDAR units. Revenue rose from $9.7 million in the same quarter a year earlier. Operating expenses were $19.1 million, up 3% from $18.5 million a year earlier.
As of June 30, liquidity was about $48.5 million, including cash and cash equivalents, short-term deposits, marketable securities and short-term restricted cash. That figure did not include roughly $30 million in gross proceeds from a registered direct offering that closed July 29.
In automotive, Innoviz said partnerships with VW, Mobileye, Daimler Truck and others remain on track. It also said it recently announced development of a LiDAR-based perception stack with a top 10 global original equipment manufacturer.
CEO Omer Keilaf said the company’s automotive and defense and security businesses may create what he called a flywheel effect over time. He said Innoviz launched Perciz to serve defense and security customers with its existing automotive-grade LiDAR sensors.
The company said it is reiterating its 2026 financial and operational targets, but the release provided to Atlas Watchline did not include the figures. Innoviz also scheduled a web conference for Aug. 5 at 9 a.m. Eastern with Keilaf and CFO Eldar Cegla to discuss the results.
Innoviz said its outlook carries risks tied to defense procurement cycles, budget constraints, export controls and geopolitical developments in Israel.
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