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Microvision (MVIS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Microvision (MVIS) Q3 2026 earnings results →
Q3 2026 Revenue up 896% year over year to $2.4M · 510¢ of every $1 of revenue lost · operating margin -889.0%
Microvision made $2.4M in Q3 2026 (+896% Y/Y): Product Revenue $2.2M, Contract Revenue $152K, License and Royalty Revenue $12K. Operating margin -889.0%, net loss $12.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
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What changed this quarter
Revenue was $2.4M in Q3 2026, up 896% year over year and up 63% from the previous quarter. Product Revenue was the largest line at 93% of revenue. Product Revenue added $2.2M year over year (up 7886%), 102% of the total change. License and Royalty Revenue declined 94%.
Gross margin was 50.0%. Operating costs exceeded revenue by $21.3M, an operating margin of -889.0%. The fastest-growing cost line was SG&A (+132%). The quarter ended with a net loss of $12.2M, narrower than the previous quarter's $36.9M loss. Non-operating items added $9.1M, -75% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$13.6M. Non-cash charges added back $2.9M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$15.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $2.4M | +896% | -889.0% | −$12.2M | −$13.6M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $1.5M | +850% | n/m | −$36.9M | −$19.1M |
| Q1 2026 | 10-Q | May 15, 2026 | $935K | +59% | n/m | −$25.3M | −$16.4M |
| Q4 2025 | 10-K | Mar 4, 2026 | $223K | -86% | n/m | −$37.8M | −$15.4M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $241K | +27% | n/m | −$14.2M | −$16.5M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $155K | -92% | n/m | −$14.2M | −$12.7M |
| Q1 2025 | 10-Q | May 12, 2025 | $589K | -38% | n/m | −$28.8M | −$14.1M |
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Microvision
MicroVision, Inc. is defining the next generation of lidar-based perception solutions for automotive, industrial, and security & defense markets. We deliver integrated hardware and software solutions designed for real-world performance, automotive-grade reliability, and economic scalability. Our diverse portfolio of lidar sensors, with both short- and long-range lidar solutions, feature solid-state sensors with varying wavelengths, advanced sensor architectures, design-to-cost engineering, and open software solutions. Our solutions enable advanced driver assistance systems, or ADAS, and autonomy features for customers in a wide range of markets, including automotive, industrial, and security & defense. Target industrial sectors include robotics, automated warehouse, agriculture, and mining.
In its own words, from its 10-K, filed Mar 4, 2026.
Microvision against its Electronic Components, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +896% against the peers' median +40%. Operating margin: -889.0% against the peers' median 11.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MVIS Microvision | Q3 2026 | $2.4M | +896% | -889.0% |
| VRT Vertiv Holdings | Q3 2026 | $4.3B | +61% | 22.8% |
| AEIS Advanced Energy Industries | Q3 2026 | $696M | +50% | 20.6% |
| VREX Varex Imaging | Q3 FY26 | $210M | +4% | 10.8% |
| VICR Vicor | Q3 2026 | $197M | +78% | 36.6% |
| PI Impinj | Q3 2026 | $112M | +17% | 4.1% |
| NSYS Nortech Systems | Q2 2026 | $33.5M | +9% | 1.9% |
| MPTI M-tron Industries | Q2 2026 | $15.1M | +14% | 11.4% |
| ESP Espey Manufacturing & Electronics | Q4 FY26 | $13.5M | +40% | 25.8% |
Source: Microvision 10-Q on SEC EDGAR · CIK 65770 · Electronic Components, NEC
Guidance and outlook
13F: who owns MVIS and who is buying
More on MVIS
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results