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

Microvision (NASDAQ:MVIS – Get Free Report) issued its earnings results on Thursday. The electronics maker reported ($1.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm 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:

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• 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

MVIS stock traded up $0.12 during midday trading on Friday, hitting $3.38. 769,757 shares of the stock traded hands, compared to its average volume of 566,471. The firm has a market cap of $74.77 million, a P/E ratio of -0.62 and a beta of 1.27. The stock’s fifty day simple moving average is $5.03 and its 200-day simple moving average is $8.49. Microvision has a 1-year low of $3.11 and a 1-year high of $23.10.

Institutional Investors Weigh In On Microvision

Hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Microvision by 7.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,287 shares of the electronics maker’s stock valued at $153,000 after acquiring an additional 9,637 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Microvision by 17.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 87,608 shares of the electronics maker’s stock valued at $100,000 after buying an additional 13,217 shares during the period. Prudential Financial Inc. lifted its holdings in 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 acquiring an additional 13,315 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Microvision by 114.4% in the second quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 13,735 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Microvision in the third quarter worth approximately $26,000. 30.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Microvision from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Microvision in a report on Tuesday, June 2nd. One research 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. According to MarketBeat.com, Microvision presently has a consensus rating of “Hold” and a consensus price target of $37.50.

Read Our Latest Stock Analysis on Microvision

Microvision Company Profile

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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.

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