Innoviz Technologies beats top-line estimates; raises NRE bookings targets

* Innoviz Technologies press release [https://seekingalpha.com/pr/20199076-innoviz-reports-second-quarter-2025-results] (NASDAQ:INVZ [https://seekingalpha.com/symbol/INVZ]): Q2 GAAP EPS of -$0.09 in-line.
* Revenue of $9.75M (+46.4% Y/Y) beats by $0.75M.
* REITERATING 2025 REVENUE GUIDANCE; RAISING NRE BOOKINGS TARGETS.

*
Updated FY 2025 Financial and Operational Targets

The company is reiterating its FY 2025 targets of:

* Revenues of $50-$60 million VS $56.46M CONSENSUS, more than 2x 2024 levels;
* 1-3 new program wins
* The company is raising its 2025 NRE bookings target to $30-$60 million from $20-$50 million. Year to date, Innoviz has booked over $20 million in NREs.

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