Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

MicroVision Q3 revenue jumps on higher customer demand; gross margin turns positive

By Reuters News


Overview

  • U.S. lidar solutions provider's Q3 revenue rose sharply yr/yr to $2.4 mln

  • Company reported Q3 gross margin of 50%, up from negative margin a year ago

  • Company announced significant Q4 cost reductions to accelerate profitability


Outlook

  • MicroVision sees 2026 revenue at $10 mln to $15 mln

  • Company expects 2027 revenue to at least double from 2026

  • MicroVision expects 2027 operating cash burn of about $40 mln


Result Drivers

  • INCREASED PRODUCT DEMAND - Co cited significant growth in customer demand for IRIS sensors and delivery against purchase order backlog

  • NEW PROGRAMS AND ALLIANCES - Co highlighted new defense programs, strategic alliances, and commercial contracts as drivers of Q3 results

  • R&D GRANT - Q3 results included a $6.3 mln cash grant from German government for R&D activities


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$2.40 mln


Reuters Recommended Reads

  • Oct 27 - BigBear.ai Q3 gross margin rises on Generative AI platform, lifts 2026 revenue outlook

  • Oct 27 - Ultra Clean Q3 revenue beats expectations

  • Oct 27 - Seagate Technology Q1 revenue and adjusted EPS beat estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.