Microvision (NASDAQ:MVIS) Releases 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 (EPS) for the quarter, missing the consensus estimate of ($0.75) by ($0.91), FiscalAI reports. The business had revenue of $1.47 million during the quarter, compared to analyst estimates of $1.00 million. Microvision had a negative net margin of 5,887.77% and a negative return on equity of 139.20%.

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

Shares of MVIS stock traded up $0.09 during trading hours on Thursday, reaching $3.26. The company had a trading volume of 600,447 shares, compared to its average volume of 553,080. The company has a market cap of $72.11 million, a price-to-earnings ratio of -0.70 and a beta of 1.27. Microvision has a 12 month low of $3.15 and a 12 month high of $23.10. The business has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $8.52.

Analyst Upgrades and Downgrades

MVIS has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Microvision in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of Microvision from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Microvision has an average rating of “Hold” and a consensus target price of $37.50.

Institutional Investors Weigh In On Microvision

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC bought a new position in Microvision during the 1st quarter valued at $56,000. Focus Partners Wealth bought a new stake in shares of Microvision in the 1st quarter worth $32,000. JPMorgan Chase & Co. grew its stake in shares of Microvision by 20.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 136,739 shares of the electronics maker’s stock worth $156,000 after acquiring an additional 22,824 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Microvision by 17.2% in the second quarter. Rhumbline Advisers now owns 330,919 shares of the electronics maker’s stock valued at $377,000 after purchasing an additional 48,588 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Microvision by 77.4% in the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 13,315 shares during the last quarter. 30.90% of the stock is owned by hedge funds and other institutional investors.

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.