| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 2.40 | 63.3% | 900.0% |
| Total Income | 2.40 | 63.3% | 900.0% |
| Expenditure | 23.74 | 7.5% | 83.2% |
| PBT | -12.20 | 66.8% | 13.2% |
| Net Profit | -12.23 | 66.9% | 14.0% |
| OPM | — | ||
| NPM | — | ||
| EPS | -0.45 | 72.9% | 800.0% |
MicroVision Reports Q3 2026 Results with Record Lidar Revenue
29 Oct 2026 · 29 Oct, 1:47 am
Summary
MicroVision, Inc. announced its third quarter 2026 financial and operating results, highlighting record lidar revenue and an accelerated path to profitability. The company reported Q3 revenue of $2.4 million, a substantial increase year-over-year, and year-to-date revenue of $4.8 million. Gross margins improved significantly to 50% in the quarter. While a net loss of $12.2 million was reported, it represents an improvement from the prior year. Management reiterated full-year 2026 revenue guidance and anticipates 2027 revenue to at least double, with a projected reduction in operating cash burn.
Key Highlights
- 1
MicroVision reported third quarter 2026 revenue of $2.4 million, a significant increase from $0.2 million in the third quarter of 2025.
- 2
Year-to-date revenue reached $4.8 million, nearly five times the $1.0 million reported through the first nine months of 2025.
- 3
Gross margin improved to 50% in Q3 2026, compared to a negative gross margin in the prior-year period, with year-to-date gross margin at 46%.
- 4
The company reported a net loss of $12.2 million, or $0.45 per share, for the third quarter of 2026, an improvement from a net loss of $14.2 million, or $0.72 per share, in the prior-year period.
- 5
MicroVision reiterated its full year 2026 revenue guidance of $10 million to $15 million and expects 2027 revenue to at least double from the 2026 level.
- 6
Significant fourth quarter cost reductions are expected to align operating resources with commercial drivers and accelerate the path to profitability.
- 7
The company expects to reduce operating cash burn to approximately $40 million in 2027.
Management Comments
Glen DeVos
MicroVision’s commercial transformation is here, with record lidar sales and another consecutive quarter of revenue growth. As expected, we’ve seen customer demand for IRIS™ sensors grow significantly in the second half of this year and, combined with our production launch of MOVIA™ Pro earlier this month, we are now actively delivering on a backlog of purchase orders to meet urgent demand from customers. As we advance our commercial strategy, we must operate with focus, precision, and accountability. That means making deliberate decisions about where we invest our people, capital, and capabilities. We are aligning our organization around the opportunities where we believe we can create the greatest impact and deliver the strongest commercial returns. This is about building the right organization for MicroVision’s next phase of growth, one that is structured to execute efficiently, respond to customer needs, and translate our technology investments into sustainable business performance.
Christine Chambers
As we continue to drive near- and medium-term revenue growth, we have implemented a plan to significantly reduce operating expenses and cash burn. Laser-focused on our path to profitability, we are ensuring that our resources are directly aligned with key revenue drivers. As we look to 2027, we see a clear path to continued revenue growth and a reduction in cash burn to $40 million for the year. MicroVision’s financial priorities remain centered on disciplined capital allocation, improved operating efficiency, and converting commercial opportunities into sustainable revenue. We are focused on managing costs, improving cash efficiency, and directing investments toward programs with the clearest potential to support our growth and profitability objectives.
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