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Microvision vs Neonode: MVIS and NEON compared
Microvision is the larger company: $2.4M of revenue in its latest quarter (Q3 2026) against $477K for Neonode (Q2 2026). Microvision is growing faster (+896% against -20% a year earlier). Neonode is more profitable, with an operating margin of -486.6% against -889.0%.
Where the money goes: MVIS and NEON
Microvision (MVIS) · Q3 2026
Microvision, Q3 2026: revenue $2.4M (+896% year over year), operating margin -889.0%, net loss $12.2M, operating cash flow −$13.6M. The chart follows the revenue to costs, profit and cash.
Neonode (NEON) · Q2 2026
Neonode, Q2 2026: revenue $477K (-20% year over year), operating margin -486.6%, net loss $2.1M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Microvision (MVIS) | Neonode (NEON) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $2.4M | $477K |
| Revenue growth, Y/Y | +896% | -20% |
| Operating margin | -889.0% | -486.6% |
| Net earnings | −$12.2M | −$2.1M |
| Net margin | -509.5% | -442.6% |
| Operating cash flow | −$13.6M | −$1.9M |
Where the revenue comes from
Microvision
- Product Revenue: $2.2M (93%)
- Contract Revenue: $152K (6%)
- License and Royalty Revenue: $12K (0%)
Neonode
- License Fees: $441K (92%)
- Non-recurring Engineering: $36K (8%)
Questions
Which is bigger, Microvision or Neonode?
Microvision is the larger company: $2.4M of revenue in its latest quarter (Q3 2026) against $477K for Neonode (Q2 2026).
Is Microvision or Neonode growing faster?
Microvision is growing faster (+896% against -20% a year earlier).
Which is more profitable, Microvision or Neonode?
Neonode is more profitable, with an operating margin of -486.6% against -889.0%.
More: Microvision earnings · how Microvision makes money · Neonode earnings · how Neonode makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.