Luminar Technologies (NASDAQ: LAZR) saw a significant drop of 16.96% in after-hours trading, falling to $2.50 . This drop followed the company’s Q2 2025 earnings release, where it reported a net loss of $1.49 per share, worse than the expected $1.18 loss and below last year’s $2.70 loss per share. Revenue also fell short at $15.63 million versus the forecasted $17.28 million.
This downturn is attributed to weaker-than-expected financial results and a revised downward revenue outlook for FY 2025.
Earlier, LAZR closed the regular session at $3.01, with a trading volume of 5.91 million shares.
