Microvision (NASDAQ:MVIS) Issues Quarterly Earnings Results, Misses Estimates By $0.91 EPS

Microvision (NASDAQ:MVIS) posted its quarterly earnings results on Thursday. The electronics maker reported ($1.66) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.91), FiscalAI reports. The company had revenue of $1.47 million for the quarter, compared to the consensus estimate of $1.00 million. Microvision had a negative net margin of 3,976.67% and a negative return on equity of 184.40%.

Here are the key takeaways from Microvision’s conference call:

• Revenue increased to $1.5 million in Q2, up $1.3 million year over year, while first-half revenue reached $2.4 million. Industrial and security/defense customers were the primary contributors, supported by the expanded product portfolio.
• Gross margin improved sharply to 44% in Q2 and 42% year to date, prompting management to raise full-year gross-margin guidance to 40%–45% from 35%–40%. The company cited favorable product mix, supply-chain efficiencies, and cost reductions.
• Management reiterated its 2026 revenue guidance of $10 million–$16 million, expecting most revenue in the second half from IRIS shipments, existing inventory, and the October launch of MOVIA S. The company said customer engagements have grown to more than 130, with estimated potential bookings through 2030 rising from $500 million to $750 million.
• MicroVision reported expanding commercial activity across industrial, off-highway, defense, security, drones, robotics, AI, and automotive markets. It highlighted new orders and development activity for IRIS, early MOVIA Air evaluations, more than 25 MOVIA S engagements, and plans to demonstrate MOVIA Air Plus in defense applications.
• Cash usage remained substantial at $19.5 million in Q2 and $36 million in the first half, with full-year operating cash burn plus capital expenditures still expected at approximately $60 million. The company ended the quarter with $27.2 million in cash and investments and expects to use its ATM facility or other financing options to support operations.

Microvision Price Performance

NASDAQ:MVIS traded up $0.12 on Friday, reaching $3.38. 769,757 shares of the company’s stock were exchanged, compared to its average volume of 566,471. The firm has a market cap of $74.77 million, a price-to-earnings ratio of -0.62 and a beta of 1.27. Microvision has a 52 week low of $3.11 and a 52 week high of $23.10. The stock has a fifty day simple moving average of $5.03 and a 200-day simple moving average of $8.49.

Institutional Trading of Microvision

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Microvision by 12.4% in the 3rd quarter. Vanguard Group Inc. now owns 20,830,421 shares of the electronics maker’s stock valued at $25,830,000 after buying an additional 2,305,693 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Microvision by 14.0% during the fourth quarter. Geode Capital Management LLC now owns 7,306,357 shares of the electronics maker’s stock worth $6,052,000 after acquiring an additional 896,423 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Microvision by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,556,145 shares of the electronics maker’s stock worth $2,117,000 after acquiring an additional 119,698 shares during the period. XTX Topco Ltd grew its position in shares of Microvision by 40.1% in the third quarter. XTX Topco Ltd now owns 1,291,980 shares of the electronics maker’s stock valued at $1,602,000 after purchasing an additional 370,002 shares in the last quarter. Finally, Prosperity Wealth Management Inc. grew its position in shares of Microvision by 4.9% in the third quarter. Prosperity Wealth Management Inc. now owns 761,899 shares of the electronics maker’s stock valued at $945,000 after purchasing an additional 35,250 shares in the last quarter. 30.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Microvision to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Microvision in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.50.

About Microvision

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.