MicroVision Reports Third Quarter 2026 Results with Record Lidar Revenue and Accelerated Path to Profitability
Key Highlights
- ➤Q3 revenue $2.4 million, up from $0.2 million year over year
- ➤Gross margin reached 50%, versus negative margin in the prior-year period
- ➤2026 revenue outlook remains $10 million to $15 million
- ➤2027 revenue expected to at least double from expected 2026 level
- ➤2027 operating cash burn targeted at approximately $40 million
Expert Statements
Glen DeVos, Chief Executive Officer of MicroVision
“MicroVision's commercial transformation is here, with record lidar sales and another consecutive quarter of revenue growth”
Glen DeVos, Chief Executive Officer of MicroVision
“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.”
Christine Chambers, Chief Financial Officer of MicroVision
“As we continue to drive near- and medium-term revenue growth, we have implemented a plan to significantly reduce operating expenses and cash burn”
Christine Chambers, Chief Financial Officer of MicroVision
“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.”
Christine Chambers, Chief Financial Officer of MicroVision
“MicroVision's financial priorities remain centered on disciplined capital allocation, improved operating efficiency, and converting commercial opportunities into sustainable revenue”
Christine Chambers, Chief Financial Officer of MicroVision
“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.”
Glen DeVos, Chief Executive Officer of MicroVision
“As we advance our commercial strategy, we must operate with focus, precision, and accountability”
Glen DeVos, Chief Executive Officer of MicroVision
“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.”
ORLANDO, FL / ACCESS Newswire / October 28, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a leader in advanced perception solutions for industrial, security and defense, intelligent infrastructure, and automotive mobility, today announced its third quarter 2026 financial and operating results and reiterated full year 2026 revenue guidance based on high customer demand, purchase order backlog, and rapidly expanding shipping schedules. Significant fourth quarter cost reductions align operating resources with commercial drivers and bring forward the path to profitability.
Third quarter progress included continued quarter-over-quarter revenue growth and 50% gross margins, new defense programs including Overland AI, an exclusive strategic alliance bringing immediate ITS revenue and Blue-Band commercial contracts, and Scantinel's entry into high-speed optical connectivity for AI data centers.
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