MicroVision Q3 revenue jumps on higher customer demand; gross margin turns positive
MVIS•MicroVision’s Q3 revenue rose to $2.4 million, while gross margin reached 50%, compared with a negative margin a year earlier. The company forecast 2026 revenue of $10 million to $15 million and said it expects 2027 revenue to at least double from 2026.
1. Q3 results
MicroVision reported Q3 revenue of $2.4 million, up sharply year over year, and gross margin of 50%, compared with a negative margin a year earlier. The company cited increased customer demand for IRIS sensors and deliveries against its purchase order backlog as drivers. Results included a $6.3 million German government cash grant for research and development.
2. Outlook and costs
MicroVision expects 2026 revenue of $10 million to $15 million and said 2027 revenue is expected to at least double from 2026. It expects 2027 operating cash burn of about $40 million and announced significant Q4 cost reductions to accelerate profitability.
