MicroVision, Inc. Q3 2026 Earnings Recap

MicroVision’s 10.8% post-earnings gain reflects investor approval of its commercial progress and cost reductions: Q3 revenue reached $2.4 million, and the company said it expects 2027 revenue to double from 2026. But execution remains central to the outlook: about $10 million of purchase orders await shipment, and 2027 operating cash burn is still targeted at approximately $40 million.

Key Takeaways

• Q3 revenue was $2.4 million, versus $0.2 million in Q3 2025 and equal to revenue for the first half of 2026.
• The company reaffirmed 2026 revenue guidance of $10 million to $15 million; it had recognized $4.8 million through September and said roughly $10 million of customer orders await shipment, with most inventory already built.
• Management expects 2027 revenue to double from 2026, citing committed orders, more IRIS sales to existing customers, and MOVIA sales to existing and new customers.
• Operating cash use was $49.2 million for the first nine months of 2026. MicroVision remains on track for about $60 million for the full year and targets approximately $40 million in 2027.
• A workforce reduction affected approximately 28% of the organization. Management is prioritizing nondilutive liquidity sources but retains about $40 million of capacity on its ATM facility.