MVISEarnings

MicroVision Reports Third Quarter 2026 Results and Reiterates FY2026 Revenue Guidance of $10 Million-$15 Million

MicroVision reported third-quarter 2026 revenue of $2.4 million, compared with $0.2 million in the prior-year quarter, a net loss of $12.2 million, or $0.45 per share, and adjusted EBITDA loss of $11.1 million. Gross margin was 50%, cash and cash equivalents totaled $28.9 million as of September 30, 2026, and cash used in operations was $13.6 million during the quarter. The company reiterated full-year 2026 revenue guidance of $10 million to $15 million, expects 2027 revenue to at least double from the expected...

Published October 28, 2026 at 8:37 PM EDTMICROVISION, INC.Investor relations

Share this story

Guidance updates

RevenueFY 2026

$10 million to $15 millionPrior $10 million to $15 million | maintained

Forward guidance

RevenueFY 2026

$10 million - $15 million

Operating cash burnFY 2027

Approximately $40 millionReduction of roughly one-third from current levels

Key takeaways

Third-quarter 2026 revenue was $2.4 million versus $0.2 million in Q3 2025; year-to-date revenue was $4.8 million versus $1.0 million through the first nine months of 2025.
Gross margin was 50% in Q3 2026 versus a negative gross margin in the prior-year period; year-to-date gross margin was 46% versus -126% in the same period of 2025.
Net loss was $12.2 million, or $0.45 per share, versus a net loss of $14.2 million, or $0.72 per share, in the prior-year period; adjusted EBITDA loss was $11.1 million versus $11.7 million.
Operating expenses were $22.5 million versus $12.0 million in the prior-year period due to the acquisition of Luminar, and were down approximately 7.5% from the first-half quarterly average of $24.4 million.
Cash and cash equivalents were $28.9 million as of September 30, 2026; cash used in operations was $13.6 million during the quarter, and results included a $6.3 million cash R&D grant from the German government.
Full-year 2026 revenue guidance was reiterated at $10 million to $15 million; 2027 revenue is expected to at least double from the expected 2026 level and 2027 operating cash burn is targeted at approximately $40 million, roughly one-third below current levels.
Business developments included a new defense program with Overland AI, an exclusive strategic alliance bringing Blue-Band commercial contracts and revenue, and Scantinel's ELS-FP pluggable module for high-speed optical connectivity in AI data centers.

Key metrics

RevenueQ3 2026

$2.4 millionUp from $0.2 million in Q3 2025, a $2.2 million (1,100%) increase

Revenue, year-to-dateNine months ended September 30, 2026

$4.8 millionNearly five times the $1.0 million reported through the first nine months of 2025

Gross marginQ3 2026

50%Improved from a negative gross margin in the prior-year period; prior-year percentage not disclosed

Gross margin, year-to-dateNine months ended September 30, 2026

46%Improved from -126% in the same period of 2025, a 172 percentage point change

Operating expensesQ3 2026

$22.5 millionUp from $12.0 million in the prior-year period, an increase of $10.5 million (87.5%); down approximately 7.5% from the first-half quarterly average of $24.4 million

Net lossQ3 2026

$12.2 millionLoss narrowed from $14.2 million in the prior-year period, a $2.0 million (14.1%) improvement

Net loss per shareQ3 2026

$0.45 per shareLoss per share narrowed from $0.72 in the prior-year period, a $0.27 (37.5%) improvement

Adjusted EBITDA loss (non-GAAP)Q3 2026

$11.1 millionLoss narrowed from $11.7 million in the prior-year period, a $0.6 million (5.1%) improvement

Primary source

TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.

Open Investor relations

All MVIS coverage

TSEMEarnings

TOWER SEMICONDUCTOR LTD 6-K Filing

XOM10-Q filing

XOM 10-Q filed 2026-11-02 | Key takeaways

KPTIM&A

Karyopharm announces planned Ayrmid merger and Chapter 11 process