"The new MicroVision is operationally integrated, accelerating our commercial traction and executing against the Lidar 2.0 strategy we laid out last quarter."
— Glen DeVos
03Detailed Report
MVIS
Company MVIS
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 27, 2026
Swipe to view all report sections
Executive Summary
MicroVision delivered a Q1 2026 earnings update that underscores the transformational shift toward Lidar 2.0 and a broader, three-market strategy (automotive, industrial, security/defense). Revenue in the quarter was $0.935 million, with 75% of sales attributed to sensors acquired from Luminar, highlighting the strategic value of the Luminar inventory and the acceleration of commercial engagements post-acquisition. Management framed Q1 as the start of commercial traction, supported by a unified organization and an integrated technology portfolio (MOVIA, IRIS, HALO, Scantinel FMCW) complemented by MOSAIK/SENTINEL software layers. Despite the early top-line progress, the quarter produced a GAAP net loss and a negative gross margin on the reported numbers, reflecting the cost of integration and ramp costs associated with the acquisitions.
Key Performance Indicators
Revenue
Decreasing
935.00K
QoQ: 58.74% | YoY: -50.79%
Gross Profit
Decreasing
-2.01M
-2.14% margin
QoQ: -5 241.03% | YoY: -40.80%
Operating Income
Decreasing
-23.59M
QoQ: -68.04% | YoY: -9.21%
Net Income
Decreasing
-25.29M
QoQ: 12.11% | YoY: -5.70%
EPS
Increasing
-0.08
QoQ: 33.33% | YoY: 27.27%
Revenue Trend
Margin Analysis
Financial Highlights
- Revenue: $0.935m in Q1 2026, down 50.8% YoY but up 58.7% QoQ (per earnings metrics).
- Gross Profit: -$2.005m in Q1 2026; GAAP gross margin of -2.14% (vs. a management-reported 39% gross margin in the call; discrepancy noted between GAAP line items and non-GAAP commentary).
- Operating Income: -$23.593m in Q1 2026; margin -25.23%.
- Net Income: -$25.294m in Q1 2026; margin -27.05%; EPS -$0.08.
- Cash and liquidity: $46.1m in cash/cash equivalents/investments; $42m available under ATM facility.
- Cash burn (operations + capex): $16.6m in Q1 2026.
- Guidance: 2026 revenue expected to be $10–$15m, with the majority in H2; anticipated gross margin 35–40%; projected cash burn around $60m for the year.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
935.00K
-50.79%
58.74%
Gross Profit
-2.01M
-40.80%
-5 241.03%
Operating Income
-23.59M
-9.21%
-68.04%
Net Income
-25.29M
-5.70%
12.11%
EPS
-0.08
27.27%
33.33%
Key Financial Ratios
Management Insights Available for Members
Get exclusive access to management commentary, earnings call quotes, and forward guidance from company leadership.
MicroVision Inc (MVIS) Q4 2024 Results Analysis: Early Lidar Commercialization in Industrial/Defense Segments with Capital Leverage to Extend Growth T...