MVIS

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EX-99.1

Exhibit 99.1

MicroVision Reports Third Quarter 2026 Results with Record Lidar Revenue and Accelerated Path to Profitability

Sustained revenue growth, shipping to meet high demand, confidence in 2026 revenue guidance, implemented cost reductions

ORLANDO,

Fla. – October 28, 2026 – MicroVision, Inc. (NASDAQ: MVIS), a leader in advanced perception solutions for industrial,

security and defense, intelligent infrastructure, and automotive mobility, today announced its third quarter 2026 financial and operating results and reiterated full year 2026 revenue guidance based on high customer demand, purchase order backlog, and rapidly expanding shipping schedules. Significant fourth quarter cost reductions align operating resources with commercial drivers and bring forward the path to profitability.

Third quarter progress included continued quarter-over-quarter revenue growth and 50% gross margins, new defense programs including Overland AI, an exclusive strategic alliance bringing immediate ITS revenue and Blue-Band commercial contracts, and Scantinel’s entry into high-speed optical connectivity for AI data centers.

“MicroVision’s commercial transformation is here, with record lidar sales and another consecutive quarter of revenue growth,” said Glen DeVos, Chief Executive Officer of MicroVision. “As expected, we’ve seen customer demand for IRIS™ sensors grow significantly in the second half of this year and, combined with our production launch of MOVIA™ Pro earlier this month, we are now actively delivering on a backlog of purchase orders to meet urgent demand from customers.”

“As we continue to drive near- and medium-term revenue growth, we have implemented a plan to significantly reduce operating expenses and cash burn,” said Christine Chambers, Chief Financial Officer of MicroVision. “Laser-focused on our path to profitability, we are ensuring that our resources are directly aligned with key revenue drivers. As we look to 2027, we see a clear path to continued revenue growth and a reduction in cash burn to $40 million for the year.”

Third Quarter 2026 Financial Highlights

●Revenue: $2.4 million, with growth from $0.2 million in the third quarter of 2025. Year-to-date revenue was $4.8 million, nearly five times the $1.0 million reported through the first nine months of 2025.

●Gross margin: 50%, compared with a negative gross margin in the prior-year period. Year-to-date gross margin improved to 46%, compared with negative 126% in the same period of 2025.

●Operating expenses: $22.5 million, compared with $12.0 million in the prior-year period due to the acquisition of Luminar. Q3 operating expense was down approximately 7.5% from our first-half quarterly average of $24.4 million.

●Net loss: $12.2 million, or $0.45 per share, compared with a net loss of $14.2 million, or $0.72 per share, in the prior-year period.

●Adjusted EBITDA loss: $11.1 million, compared with $11.7 million in the prior-year period.

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●Cash and cash equivalents: $28.9 million as of September 30, 2026.

●Cash used in operations: $13.6 million during the quarter.

●R&D

Credit: The current quarter financial results include a cash R&D grant of $6.3 million from the German government related to research and development activities.

“MicroVision’s financial priorities remain centered on disciplined capital allocation, improved operating efficiency, and converting commercial opportunities into sustainable revenue,” said Chambers. “We are focused on managing costs, improving cash efficiency, and directing investments toward programs with the clearest potential to support our growth and profitability objectives.”

Third Quarter 2026 Business and Operational Highlights

Advanced Commercial Momentum Across Multiple End Markets

●Industrial: Continued supporting customer programs across mining, construction, material handling, logistics, and autonomous hauling, including a long-term development agreement with a leading construction and mining equipment OEM that provides a pathway from IRIS to next-generation MicroVision HALO™ technology.

●Security and Defense: Announced new programs with customers, such as Overland AI, within the Defense sector for IRIS in the unmanned ground vehicle market where 1550nm long range lidar will be a critical technology. We also launched MOVIA™ Air and MOVIA™ Air Plus across autonomous aerial logistics, unmanned aircraft, and defense applications, and demonstrated MicroVision’s real-time mapping capability with Robinson Unmanned, Avular, and other commercial partners.

●Automotive: Advanced an autonomous mobility pilot in the Asia-Pacific region utilizing IRIS within a multi-sensor perception architecture, with a potential transition to HALO as the program moves toward broader deployment.

●Intelligent Transportation Systems: Accelerated by an exclusive strategic alliance to bring Blue-Band’s commercial contracts and revenue to MicroVision, plus a separate award to supply IRIS sensors

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Exhibit 99.1

MicroVision Reports Second Quarter 2026 Results and Highlights Commercial Momentum Across Multiple Markets

Advancing Lidar 2.0 strategy with expanding customer engagements, new product launches, strengthened leadership team, improved cash burn guidance, and growing commercial pipeline

REDMOND,

Wash. – August 6, 2026 – MicroVision, Inc. (NASDAQ: MVIS), a leader in advanced perception solutions for industrial,

security and defense, and automotive applications, today announced its second quarter 2026 results and provided a business update highlighting continued execution of its Lidar 2.0 strategy.

Key Operational Highlights

●Advanced the Company’s Lidar 2.0 strategy, expanding MicroVision’s position as a perception solutions provider serving industrial, security & defense, automotive, robotics, and autonomous aerial markets.

●Launched the MOVIA™ Air product family, with several pre-launch partners, introducing both MOVIA™ Air and MOVIA™ Air Plus, purpose-built airborne perception solutions designed for drones, autonomous aircraft, and defense applications.

●Signed a long-term development agreement with a leading construction and mining equipment OEM to integrate IRIS lidar into next-generation autonomous hauling vehicles, and bridge to integration of the Company’s next-gen HALO lidar.

● Fulfilled increasing demand for active evaluations with customers spanning target markets, including with a leading AI company and hyperscaler for robotics and autonomous systems, a leading e-commerce company for aerial logistics and delivery, a defense contractor for mission-ready ground autonomy, and more.

●Shipped IRIS and MOVIA sensors supporting customer programs across industrial automation, autonomous systems, aerospace, defense, and artificial intelligence applications.

●Launched MicroVision Semiconductor, establishing an in-house semiconductor organization that expands the Company’s custom ASIC, mixed-signal IC and advanced imaging capabilities while supporting both internal product development and external customer programs.

●Strengthened the executive leadership team with the appointments of James Byun as Chief Commercial Officer and Cara Klaer as Head of Marketing & Communications.

●Improved full-year cash burn guidance to approximately $60 million, reflecting expected normalization in the second half of the year following non-recurring cash usage in the first half, with improvement due to continued operational discipline and acquisition synergies.

●Completed a 1-for-15 reverse stock split, strengthening the Company’s capital markets position and supporting continued Nasdaq listing compliance.

“Our second quarter demonstrates that MicroVision has evolved into a commercially focused perception company with the products, technology, leadership and operational discipline needed to compete across multiple high-growth markets,” said Glen DeVos, Chief Executive Officer of MicroVision. “Our Lidar 2.0 strategy is translating into meaningful commercial momentum and a path to near-term and future revenue.”

“Our strategy is simple: deliver the right perception solutions at the right cost across multiple industries. We’re leveraging a common technology platform to address opportunities spanning industrial automation, security and defense, autonomous aerial systems, robotics and automotive. Every new customer, product and market reinforces the scalability of our business model and the trajectory of our revenue growth.”

Key Financial Highlights for Q2 2026

●Revenue for the second quarter of 2026 was $1.5 million, compared to $0.2 million for the second quarter of 2025, primarily as a result of a greater volume of sensors shipped, as well as development revenue, during the second quarter of 2026.

●Total operating expenses for the second quarter of 2026 were $24.9 million, compared to $14.1 million for the second quarter of 2025, with the increase primarily relating to costs stemming from the acquisitions, along with integration and consolidation activities, during the second quarter of 2026.

●Net loss for the second quarter of 2026 was $36.9 million, or $1.66 per share, compared to a net loss of $14.2 million, or $0.84 per share, for the second quarter of 2025.

●Per share amounts have been adjusted to reflect the 1-for-15 reverse stock split that became effective on August 1, 2026.

●Adjusted EBITDA for the second quarter of 2026 was a $18.8 million loss, compared to a $11.2 million loss for the second quarter of 2025.

●Cash used in operations in the second quarter of 2026 was $19.1 million, which includes non-recurring payments related to acquisition and consolidation activities, compared to cash used in operations in the second quarter of 2025 of $12.7 million.

●The Company ended the second quarter of 2026 with $27.2 million in cash and cash equivalents, including investment securities, compared to $74.8 million at December 31, 2025.

As of June 30, 2026, the Comp

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Exhibit 99.1

MicroVision Announces First Quarter 2026 Results

REDMOND,

WA / ACCESSWIRE / May 13, 2026 / MicroVision, Inc. (NASDAQ:MVIS), defining the next generation of lidar-based perception solutions, today announced its first quarter 2026 results.

Key Business and Operational Highlights

●Completed value-enhancing asset acquisitions from Luminar Technologies and Scantinel Photonics, accelerating commercial strategy and expanding product portfolio with two 1550nm ToF long-range lidar sensors, IRIS and HALO, and a 1550nm FMCW ultra-long-range lidar sensor.

●Advanced commercial momentum in the Industrial and Security & Defense sectors with new and repeating orders for MOVIA L short-range sensors, IRIS long-range sensors, and integrated software.

●Redefined a new era for lidar, leading with a product portfolio that supports a wide array of applications in many verticals, open software that lowers system cost and expands capability, and high-quality solutions that perform at the right price.

●Accelerated near-term revenue opportunities and amplified customer engagement, actively shipping sensors from existing and acquired inventory.

●Expanded industry-leading product portfolio, with short-, mid-, long-, and ultra-long-range lidar solutions, featuring a mix of solid-state sensors with varying wavelengths, advanced sensor architectures, design-to-cost engineering, and open software solutions.

●Streamlined post-acquisition operating expenses, with reduction in global workforce by approximately 15% and consolidation of engineering and operations functions from Redmond to Orlando location.

“We feel very good about our accelerating progress throughout the first quarter, establishing a strong foundation and boldly executing on our strategy to transform the lidar industry,” said Glen DeVos, MicroVision’s Chief Executive Officer. “Following the Q1 asset acquisitions from Luminar and Scantinel, we’ve successfully incorporated the technologies and products, integrated the teams, and streamlined operations. Our broad product portfolio, ready-to-ship sensor inventories, and diversified product roadmap have allowed us to stabilize and strengthen existing commercial relationships while building new opportunities and partnerships.”

“We’ve taken on the challenge of redefining lidar, and it is exciting to see the future taking shape,” concluded DeVos.

Key Financial Highlights for Q1 2026

●Revenue for the first quarter of 2026 was $0.9 million, compared to $0.6 million for the first quarter of 2025, primarily as a result of a greater volume of sensors shipped during the first quarter of 2026.

●Total operating expenses for the first quarter of 2026 were $23.9 million, compared to $14.1 million for the first quarter of 2025, with the increase primarily relating to costs stemming from the acquisitions and related integration activities completed during the first quarter of 2026.

●Net loss for the first quarter of 2026 was $25.3 million, or $0.08 per share, compared to a net loss of $28.8 million, or $0.12 per share, for the first quarter of 2025.

●Adjusted EBITDA for the first quarter of 2026 was a $17.2 million loss, compared to a $10.7 million loss for the first quarter of 2025.

●Cash used in operations in the first quarter of 2026 was $16.4 million, compared to cash used in operations in the first quarter of 2025 of $14.1 million.

●The Company ended the first quarter of 2026 with $46.1 million in cash and cash equivalents, including investment securities, compared to $74.8 million at December 31, 2025.

Upcoming Investor Events

Management will participate in the Deutsche Bank Securities Global Autos, Mobility & Robotics Conference, May 19 – 20, 2026 in New York City.

Conference Call and Webcast: Q1 2026 Results

MicroVision will host a conference call and webcast, consisting of prepared remarks by management and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Wednesday, May 13, 2026 to discuss the financial results and provide a business update. Analysts and investors may pose questions to management during the live webcast on May 13, 2026.

The live webcast can be accessed on the Company’s Investor Relations website under the Events tab HERE. The webcast will be archived on the website for future viewing.

About MicroVision

MicroVision is defining the next generation of lidar-based perception solutions for automotive, industrial, and security & defense markets. As the industry moves beyond proof of concept toward value, deployment, and commercialization, MicroVision delivers integrated hardware and software solutions designed for real-world performance, automotive-grade reliability, and economic scalability. With engineering centers in the U.S. and Germany, MicroVision leads the industry in depth and breadth of its portfolio, with both short- and long-range lidar solutions, featuring solid-state sensors with varying wavelengths, advanced sensor architectures, design-t