MicroVision (MVIS) Investor update summary

Transformation and market focus

• Lidar 2.0 centers on a broader portfolio, lower lidar costs, expanded end markets and a stronger team; Scantinel and Luminar acquisitions expanded the portfolio.

• Focus spans industrial, security, defense, robotics, aerial applications, AI data centers, photonic interconnects and intelligent infrastructure alongside automotive.

• Non-automotive markets contribute a growing share of revenue and offer near-term opportunities, with many having shorter deployment or sales cycles than automotive programs.

Commercial strategy and traction

• Long-term agreements in the U.S. and Europe, purchase orders and shipments across industrial, security and defense are improving demand visibility and building repeat business.

• IRIS is gaining traction in industrial off-road and defense; its 1550 nm sensing is invisible to night vision goggles. HALO targets long-range sensing, while MOVIA S, MOVIA Air and Air Plus serve robotics, industrial and aerial applications.

• Commercial activity includes Robinson Unmanned, AI data center photonics, MSI advanced photonics, IRIS defense deployments, an APAC autonomous mobility pilot and a perception platform launch at IAA Transportation.

• Priorities include qualifying opportunities, converting them to purchase orders, delivering on time and building repeatable revenue; deploying sensor technologies across applications can reduce reliance on any one customer, program or vertical.

Revenue outlook

• Reaffirmed FY2026 revenue guidance of $10M-$15M; revenue is projected to double in 2027, supported by inventory and pipelines across industrial, defense, security, intelligent infrastructure and other markets.