Microvision’s Drone Deal and Earnings Moment: A Lidar Pivot Under the Microscope

Microvision expands beyond automotive lidar via Avular drone deal, raises $38.6M. Q1 earnings May 13 forecast loss of $0.05 per share on $200K revenue. Stock down 47% YTD but rallies 22%.

Microvision has long been pigeonholed as an automotive lidar supplier, but a new partnership with Dutch robotics firm Avular signals a deliberate shift in strategy. The company’s sensors will now be integrated into commercial and industrial drones, targeting the rapidly expanding unmanned aerial vehicle (UAV) and robotics markets. The move is a clear attempt to reduce reliance on the passenger-car segment, where high cost and technology hurdles have kept lidar adoption slow.

To bankroll this diversification, Microvision recently completed a capital raise of roughly $38.6 million, issuing over 61 million new shares—a substantial dilution for existing shareholders. The company now reports cash reserves of nearly $75 million, which management says is sufficient to fund the next phase of product development. The fresh capital arrives as the stock trades at €0.59, down nearly 47% year-to-date, though it has rallied about 22% over the past 30 days on the back of the Avular news.

All eyes now turn to Wednesday, May 13, when Microvision releases its first-quarter 2026 results. The earnings call is scheduled for 4:30 p.m. EDT (10:30 p.m. German time). Analysts anticipate a loss of $0.05 per share on revenue of just $200,000—figures that underscore the company’s early-stage commercial reality. With a market capitalization of around $220 million, the margin for error is slim. Trading volume recently stood at 5.3 million shares, above the daily average, suggesting heightened investor interest ahead of the report.

The technical picture remains cautious. The stock’s three-month moving average sits below the 200-day line, indicating that the broader downtrend has yet to break. CEO Glen W. de Vos is betting on the MOVIA and MAVIN product lines to gain traction not only in automotive but also in defense and security applications. Investors will be listening closely for updates on how the Avular partnership and other non-automotive deals are progressing—and whether the diversification strategy is already generating tangible momentum.

The May 13 conference call will provide the first detailed look at management’s outlook for the rest of the year. Any disappointment on the revenue front could intensify selling pressure, but a clear path to scaling the technology outside the auto sector might just change the narrative for a stock that has spent much of 2026 in the red.