Filing Flows › Microvision (MVIS) › Q1 2026
Microvision (MVIS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Microvision (MVIS) reported revenue of $935K for the first quarter 2026 (Q1 2026), +59% from a year earlier and +319% from the quarter before.
Microvision, Q1 2026: revenue $935K (+59% year over year), net loss $25.3M, operating cash flow −$16.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $935K | +319% | +59% |
| Operating profit | −$23.5M | — | — |
| Net earnings | −$25.3M | — | — |
| Operating cash flow | −$16.4M | — | — |
What changed
Revenue was $935K in Q1 2026, up 59% year over year and up 319% from the previous quarter. Product Revenue was the largest line at 97% of revenue. Product Revenue added $405K year over year (up 80%), 117% of the total change. License and Royalty Revenue declined 69%.
Gross margin was 38.8%, up 32.2 points from Q1 2025. Operating costs exceeded revenue by $23.5M, an operating margin of -2512.7%. Operating expenses grew 69% against revenue growth of 59%. The quarter ended with a net loss of $25.3M, narrower than the previous quarter's $37.8M loss.
Operating cash flow was −$16.4M. Non-cash charges added back $2.4M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $5.5M. Capital expenditures of $143K exceeded it, leaving free cash flow of −$16.6M.
Questions
What was Microvision's revenue in the first quarter 2026?
Microvision (MVIS) reported revenue of $935K for the first quarter 2026 (Q1 2026), +59% from a year earlier and +319% from the quarter before.
Source: Microvision 10-Q on SEC EDGAR.