Microvision (NASDAQ:MVIS) Releases Earnings Results, Misses Expectations By $0.91 EPS

Microvision (NASDAQ:MVIS) posted its quarterly earnings data 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. Microvision had a negative return on equity of 139.20% and a negative net margin of 5,887.77%.The firm had revenue of $1.47 million for the quarter, compared to analyst estimates of $1.00 million.

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 Stock Up 2.8%

NASDAQ:MVIS 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 firm has a market cap of $72.11 million, a price-to-earnings ratio of -0.70 and a beta of 1.27. The business’s 50-day simple moving average is $5.15 and its two-hundred day simple moving average is $8.52. Microvision has a twelve month low of $3.15 and a twelve month high of $23.10.

Hedge Funds Weigh In On Microvision

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of 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 during the period. Geode Capital Management LLC raised its stake in Microvision by 14.0% during the 4th quarter. Geode Capital Management LLC now owns 7,306,357 shares of the electronics maker’s stock worth $6,052,000 after buying an additional 896,423 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Microvision by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,556,145 shares of the electronics maker’s stock worth $2,117,000 after buying an additional 119,698 shares during the period. XTX Topco Ltd boosted its holdings in Microvision by 40.1% in the third quarter. XTX Topco Ltd now owns 1,291,980 shares of the electronics maker’s stock worth $1,602,000 after acquiring an additional 370,002 shares in the last quarter. Finally, Prosperity Wealth Management Inc. boosted its holdings in Microvision by 4.9% in the third quarter. Prosperity Wealth Management Inc. now owns 761,899 shares of the electronics maker’s stock worth $945,000 after acquiring an additional 35,250 shares in the last quarter. Institutional investors and hedge funds own 30.90% of the company’s stock.

Analyst Ratings Changes

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