Innoviz Technologies Ltd. (NASDAQ: INVZ) announced that Daimler Truck and its subsidiary Torc Robotics have selected the company’s InnovizTwo short‑range LiDAR sensor for series production of Level 4 autonomous Class 8 semi‑trucks. The partnership will integrate Innoviz’s LiDAR into the Freightliner Cascadia platform, enabling fully autonomous operation on North American highways and regional routes.
The deal marks a strategic pivot for Innoviz, moving beyond its existing automotive‑grade contracts with passenger‑car OEMs into the high‑margin commercial‑vehicle market. Short‑range LiDAR for heavy‑duty trucks offers higher average selling prices and shorter design cycles, creating a recurring revenue stream that can accelerate the company’s path to profitability. By securing a Tier‑1 supplier role for a major OEM, Innoviz positions itself to capture a share of the projected multi‑billion‑dollar autonomous trucking sector.
In its Q3 2025 earnings, Innoviz reported revenue of $15.28 million, beating the consensus of $12 million by $3.28 million, a 27.3% surprise. The company also posted a GAAP EPS of –$0.08 versus the –$0.09 forecast, a $0.01 beat. The revenue growth of 238% year‑over‑year reflects strong demand for the InnovizTwo platform and the momentum generated by the new truck partnership. The guidance for full‑year 2025 revenue of $50 million to $60 million, up from the prior $24.27 million, signals confidence that the commercial‑vehicle contracts will materially lift top‑line growth.
CEO Omer Keilaf said the partnership is a milestone that demonstrates Innoviz’s ability to scale across sectors. “Winning this Level 4 program with a major truck manufacturer confirms that our sensors can withstand the extreme conditions of commercial operations while maintaining the high performance required for autonomous driving,” Keilaf said. Torc Robotics’ Head of Engineering, Mike Avitabile, added that Innoviz’s sensors deliver the consistency, durability, and redundancy needed for safe Level 4 autonomy in commercial fleets.
The announcement coincided with a positive market reaction. Following the Q3 2025 earnings release, the company’s stock rose 7.45% in pre‑market trading, reflecting investor enthusiasm for the revenue beat and the strategic win with Daimler Truck. Analysts noted that the deal, combined with the strong earnings performance, reinforces Innoviz’s competitive position in the LiDAR market.
Looking ahead, Innoviz has approximately $74.4 million in cash and equivalents and no long‑term debt, giving it the liquidity to invest in scaling production for the new truck contracts. The company’s NRE bookings have expanded to about $95 million, with cash receipts expected between 2025 and 2027, further supporting the growth trajectory outlined in the earnings guidance.
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