Microvision Reports 28% Q1 Gross Margin, Secures Two Automotive Lidar OEM Deals
Microvision Inc reported a Q1 2026 gross margin of 28%, up six percentage points year-over-year, and narrowed its operating loss by 12% sequentially. Management unveiled two new automotive lidar OEM agreements and advanced its solid-state beamforming sensor commercialization timeline.
1. Q1 2026 Financial Performance
Microvision delivered a 28% gross margin in Q1 2026, marking a six percentage-point improvement from Q1 2025. Sequentially, the company reduced its operating loss by 12% through cost optimizations and higher production volumes.
2. Strategic Partnerships and Product Roadmap
During the earnings call, executives announced two new OEM agreements targeting automotive lidar integration, reinforcing the company’s customer pipeline. Management also outlined progress on its solid-state beamforming sensor, setting a commercialization target for late 2026.