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

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

NASDAQ MVIS traded up $0.12 during trading on Friday, hitting $3.38. The stock had a trading volume of 769,757 shares, compared to its average volume of 566,471. Microvision has a one year low of $3.11 and a one year high of $23.10. The stock has a 50 day simple moving average of $5.03 and a 200 day simple moving average of $8.49. The stock has a market capitalization of $74.77 million, a price-to-earnings ratio of -0.62 and a beta of 1.27.

Analyst Ratings Changes

A number of research firms recently commented on MVIS. Wall Street Zen upgraded Microvision to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of Microvision in a research report on Tuesday, June 2nd. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.50.

Institutional Investors Weigh In On Microvision

A number of institutional investors and hedge funds have recently modified their holdings of MVIS. NewEdge Advisors LLC bought a new position in Microvision in the 1st quarter valued at $56,000. Focus Partners Wealth bought a new stake in shares of Microvision during the first quarter worth $32,000. JPMorgan Chase & Co. lifted its position in shares of Microvision by 20.0% during the second quarter. JPMorgan Chase & Co. now owns 136,739 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 22,824 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Microvision by 17.2% during 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 period. Finally, Prudential Financial Inc. boosted its stake in shares of Microvision by 77.4% during 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 period. 30.90% of the stock is owned by institutional investors.

Microvision Company Profile

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.