Revenue: As of FY2026 Q1, the actual value is USD 935 K, missing the estimate of USD 3.24 M.EPS: As of FY2026 Q1, the actual value is USD -0.08, missing the estimate of USD -0.03.EBIT: As of FY2026 Q1, the actual value is USD -20.83 M.<h4>Segment Revenue</h4>MicroVision, Inc. reported revenue of $0.9 million for the first quarter of 2026, an increase from $0.6 million in the first quarter of 2025, primarily due to a greater volume of sensors shipped.<h4>Operational Metrics</h4>Gross Profit: Gross profit for MicroVision, Inc. was $363 thousand in the first quarter of 2026, significantly up from $39 thousand in the first quarter of 2025. Adjusted Gross Profit, a non-GAAP measure, was $390 thousand for Q1 2026, compared to $256 thousand for Q1 2025.Operating Expenses: Total operating expenses were $23.9 million in the first quarter of 2026, an increase from $14.1 million in the first quarter of 2025, primarily related to costs stemming from acquisitions and integration activities. Research and development expense was $14,445 thousand in Q1 2026 versus $7,403 thousand in Q1 2025, and sales, marketing, general and administrative expense was $9,511 thousand in Q1 2026 compared to $6,676 thousand in Q1 2025.Loss from Operations: MicroVision, Inc. reported a loss from operations of -$23,494 thousand in the first quarter of 2026, compared to a loss of -$14,040 thousand in the first quarter of 2025.Net Loss: Net loss for MicroVision, Inc. was -$25.3 million for the first quarter of 2026, an improvement from a net loss of -$28.8 million for the first quarter of 2025.Adjusted EBITDA: Adjusted EBITDA was a -$17.2 million loss in the first quarter of 2026, compared to a -$10.7 million loss in the first quarter of 2025.<h4>Cash Flow</h4>Cash Flow from Operating Activities: Cash used in operations by MicroVision, Inc. was -$16.4 million in the first quarter of 2026, compared to -$14.1 million cash used in operations in the first quarter of 2025.Cash and Cash Equivalents: MicroVision, Inc. ended the first quarter of 2026 with $46.1 million in cash and cash equivalents, including investment securities, down from $74.8 million at December 31, 2025. Total cash, cash equivalents, and restricted cash at March 31, 2026, was $47,794 thousand, compared to $53,525 thousand at March 31, 2025.<h4>Unique Metrics</h4>MicroVision, Inc. completed value-enhancing asset acquisitions from Luminar Technologies and Scantinel Photonics, expanding its product portfolio with new 1550nm ToF long-range lidar sensors (IRIS and HALO) and a 1550nm FMCW ultra-long-range lidar sensor. The company advanced commercial momentum in the Industrial and Security &amp; Defense sectors with new and repeating orders for MOVIA L short-range sensors, IRIS long-range sensors, and integrated software. Post-acquisition operating expenses were streamlined, including a reduction in global workforce by approximately 15% and consolidation of engineering and operations functions from Redmond to Orlando. Goodwill increased to $3,677 thousand at March 31, 2026, from $0 at December 31, 2025, and intangible assets, net, rose to $13,662 thousand from $32 thousand over the same period, reflecting the acquisitions. Notes payable also increased to $32,141 thousand at March 31, 2026, from $19,212 thousand at December 31, 2025.<h4>Outlook / Guidance</h4>The report does not provide specific financial outlook or guidance with numerical projections. However, MicroVision, Inc. highlighted accelerating progress, successful incorporation of acquired technologies and products, and integration of teams and streamlined operations. The company aims to stabilize and strengthen existing commercial relationships while building new opportunities and partnerships with its broad product portfolio and ready-to-ship sensor inventories.

Microvision | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 935 K