MicroVision stock: Q3 revenue growth supports 2026 outlook
Published on 10/30/2026 at 02:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMicroVision shows commercial progress
- Third-quarter revenue increased sharply year over year as product shipments expanded across several end markets.
- Management kept its 2026 revenue outlook and announced measures to reduce operating expenses and future cash burn.
- The company remains loss-making despite the improvement in gross margin and adjusted operating metrics.
MicroVision reported stronger commercial activity in the third quarter, with revenue growth, positive gross margin and a reaffirmed full-year outlook. The company announced the results on October 28, 2026, in a release carried by WBOC, citing ACCESS Newswire.
Revenue growth reaches operating results
MicroVision generated revenue of USD 2.4 million in the third quarter, compared with USD 0.2 million in the same period of 2025. Revenue for the first nine months reached USD 4.8 million, nearly five times the USD 1.0 million reported a year earlier.
Gross margin was 50 percent, compared with a negative gross margin in the prior-year quarter. Management attributed the improvement partly to the use of inventory and manufacturing assets acquired in the Luminar transaction. Year-to-date gross margin improved to 46 percent from negative 126 percent.
Loss narrows while costs remain material
The company reported a GAAP net loss of USD 12.2 million, or USD 0.45 per share, versus a loss of USD 14.2 million, or USD 0.72 per share, in the year-earlier period. Adjusted EBITDA remained negative at USD 11.1 million. Operating expenses were USD 22.5 million, although the company said quarterly expenses were approximately 7.5 percent below its first-half quarterly average.
Cash and cash equivalents stood at USD 28.9 million on September 30, 2026, while operating cash use was USD 13.6 million during the quarter. The reported results also included a USD 6.3 million cash research and development grant from the German government, a relevant non-recurring item when assessing cash development.
Guidance stays tied to shipments
MicroVision maintained its 2026 revenue outlook of USD 10 million to USD 15 million. The company said customer demand, purchase-order backlog and expanding shipping schedules support the outlook, while management expects 2027 revenue to at least double from the expected 2026 level. It also targets operating cash burn of approximately USD 40 million in 2027.
The update points to measurable commercial progress, but it does not yet represent profitability. For investors, the key execution issues are conversion of purchase orders into revenue, shipment timing, cost control and the funding required while losses continue.
MicroVision company profile
- Company: MicroVision, Inc.
- ISIN: US5949604038
- Ticker: MVIS
- Home exchange: Nasdaq
- Reporting period: Third quarter 2026, ended September 30, 2026
- Revenue outlook: USD 10 million to USD 15 million for 2026
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