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MicroVision (MVIS) investor relations material
MicroVision Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue reached a record $2.4M, driven mainly by IRIS industrial shipments and MOVIA L shipments to a Security & Defense customer; gross margin was 50%.
Nine-month revenue was $4.8M vs. $1.0M, while the nine-month net loss widened to $74.5M from $57.2M and operating cash use rose to $49.2M from $43.3M.
Liquidity and historical losses raised substantial doubt about the ability to continue as a going concern for at least 12 months after issuance of the financial statements.
Financial highlights
Q3 revenue was $2.4M vs. $0.241M in Q3 2025; nine-month revenue was $4.8M vs. $1.0M.
Q3 gross profit was $1.2M vs. a $0.7M gross loss; nine-month gross profit was $2.2M vs. a $1.2M gross loss.
Q3 operating expenses were $22.5M, 7.5% below the first-half quarterly average; net loss was $12.2M, or $0.45/share, vs. $14.2M, or $0.72/share.
Adjusted EBITDA loss was $11.1M vs. $11.7M a year earlier and an $18M first-half quarterly average; Q3 included a $6.3M German R&D grant.
Q3 operating cash use was $13.6M; cash and equivalents were $28.9M at September 30.
Outlook and guidance
FY2026 revenue guidance was reaffirmed at $10M–$15M; $4.8M was recognized through September, with ~$10M in orders awaiting shipment and most related inventory built.
FY2027 revenue is expected to at least double from FY2026, supported by purchase orders, IRIS expansion and MOVIA sales; operating cash burn is targeted at ~$40M, about one-third below 2026's ~$60M target.
Significant losses and negative cash flow are expected through the remainder of 2026 and the foreseeable future; profitability and positive cash flow remain uncertain.
HALO launch is planned for Q4 2027; customer evaluations began in Q3, with pre-production samples expected in early 2027.
- Cost-focused lidar and open software underpin $10–15M 2026 revenue guidance.MVIS
Corporate presentation - A cost-focused, multi-vertical lidar platform targets $10–15M in 2026 revenue.MVIS
Investor presentation - 2027 revenue is projected to double as commercial traction grows and cash burn falls.MVIS
Investor update - Q2 2026 revenue rose 850% to $1.5M, but losses and liquidity risks remain high.MVIS
Q2 2026 - Software-driven lidar portfolio targets rapid growth in industrial and defense, with 2026 revenue guided at $10–$15M.MVIS
Emerging Growth Conference - Lidar 2.0 strategy drives value, growth, and efficiency across diverse high-growth markets.MVIS
Investor presentation - Registering up to $50M in securities to fund lidar tech expansion amid ongoing losses.MVIS
Registration filing - All proposals passed, with management emphasizing strategic execution and shareholder engagement.MVIS
AGM 2026 - 2026 revenue guided at $10–$15M, with industrial and defense driving growth and automotive scaling later.MVIS
Q4 2025
Next MicroVision earnings date
Next MicroVision earnings date
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