MicroVision stock gains on IRIS lidar defense contract

Published on 09/17/2026 at 21:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MicroVision stock trades at USD 1.63 as of September 16, 2026, after its IRIS long-range lidar was selected for autonomous military vehicles. The company reported USD 4.5 million in Q2 2026 revenue, up from USD 3.2 million a year earlier.

MVIS, US5949601041, Illustration mit AI erstellt.

MicroVision, Inc. stock (ISIN US5949601041) is trading at USD 1.63 on Nasdaq as of September 16, 2026, after the company announced that its IRIS long-range lidar sensor has been selected for integration into autonomous military ground vehicles, giving investors a fresh defense-sector catalyst with concrete figures to assess.

IRIS lidar win boosts defense profile

According to MicroVision on September 17, 2026, its IRIS long-range lidar sensor was chosen by a leading provider of off-road autonomous ground systems for defense applications, with the technology set to be integrated into heavy military vehicles for advanced autonomous operations.

As Investing.com reported on September 17, 2026, the IRIS sensor will be used in a military vehicle program, underlining that MicroVision is positioning its perception technology beyond automotive into defense, where contract sizes and program durations can be substantial.

Latest financial figures and growth

For investors, the most recent revenue trend provides key context for this new defense opportunity. In the second quarter of 2026, MicroVision generated USD 4.5 million in revenue, compared with USD 3.2 million in the second quarter of 2025, corresponding to growth of 40.6 percent year on year according to data cited in the valuation overview by GuruFocus for Q2 2026.

Despite that revenue increase, MicroVision remains loss-making. The same GuruFocus analysis notes that the company reported a trailing twelve-month earnings per share of negative USD 5.46 and operating margins worse than negative 3,000 percent as of its latest reporting period in 2026, highlighting that the business has yet to reach scale or profitability even as new contracts like the IRIS defense deployment come into view.

Valuation metrics and perceived undervaluation

As of September 17, 2026, GuruFocus calculates MicroVision’s price-to-sales ratio at 12.18, significantly below its historical median of about 40.1, implying a roughly 69.7 percent compression in the valuation multiple compared with its long-term average according to GuruFocus.

GuruFocus also assigns MicroVision a GF Value estimate of USD 8.39 per share versus a referenced spot price of USD 1.68 on September 17, 2026, which suggests that the stock would be approximately 80.0 percent below this intrinsic value estimate if those assumptions hold, although the same source clearly cautions that the figure must be interpreted carefully given the company’s negative earnings and weak financial strength.

Stock price, 52-week range and market capitalization

Per Nasdaq price data reproduced on September 17, 2026 by Robinhood, MicroVision stock closed at USD 1.63 on Nasdaq on September 16, 2026, after trading between an intraday low of USD 1.41 and an intraday high of USD 1.68 that day, with a trading volume of 3,330,000 shares compared with an average daily volume of 1,180,000 shares over the prior period.

The same Robinhood overview indicates that MicroVision’s market capitalization stands at USD 50.78 million as of September 16, 2026, and that over the past 52 weeks the shares traded between a low of USD 1.41 and a high of USD 23.10, meaning the latest close of USD 1.63 is only 15.6 percent above the 52-week low but 92.9 percent below the 52-week high, underscoring how much value has evaporated during the year for long-term shareholders.