Earnings Releases·Oct 28, 2026, 4:11 PM ET

MicroVision — Third Quarter 2026 Earnings Summary

Q3 2026 revenue surged to $2.4 million from $0.2 million in the prior-year period, with year-to-date revenue reaching $4.8 million; gross margin improved to 50% in Q3 and 46% year-to-date, reversing prior negative margins.
Net loss narrowed to $12.2 million ($0.45 per share) in Q3 2026 from $14.2 million ($0.72 per share) in the prior year, while operating expenses rose to $22.5 million due to the Luminar acquisition.
Full-year 2026 revenue guidance remains $10 million to $15 million, with 2027 revenue expected to at least double and operating cash burn targeted to reduce by roughly one-third to approximately $40 million.
Strategic momentum includes the acquisition of Luminar, a $6.3 million German government R&D grant, and accelerated commercialization across Industrial, Security, Automotive, and ITS segments with production launches of MOVIA™ Pro and MOVIA™ Air.
The company maintains $28.9 million in cash and cash equivalents as of September 30, 2026, while managing increased liabilities and inventory levels associated with the acquisition and growing order backlog.