Innoviz: Automotive Focus Is A Drag

2025-11-24 16:51:07 ET

While Innoviz's ( INVZ ) business continues to grow, it is still heavily dependent on engineering services, which are only loosely correlated with future success. LiDAR sales are increasing, but Innoviz's focus on the automotive vertical compared to peers like Ouster ( OUST ) is a headwind at the moment. InnovizSMART should begin to make a more material contribution in the coming years, though, which should help to support the business until automotive volumes begin to take-off....

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