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Q2 25 EPS
$-0.38
MISS 85.37%
Est. $-0.21
Q2 25 Revenue
$35.0M
BEAT +3.80%
Est. $33.8M
vs S&P Since Q2 25
+107.3%
BEATING MARKET
OUST +124.5% vs S&P +17.2%
Market Reaction
Did OUST Beat Earnings? Q2 2025 Results
Ouster delivered a mixed second quarter that offered something for bulls and bears alike, revenue came in ahead of expectations while the bottom line disappointed sharply. The lidar maker posted $35.05 million in sales for Q2 2025, a 29.9% year-over-… Read more Ouster delivered a mixed second quarter that offered something for bulls and bears alike, revenue came in ahead of expectations while the bottom line disappointed sharply. The lidar maker posted $35.05 million in sales for Q2 2025, a 29.9% year-over-year jump that edged past the $33.77 million consensus by 3.80%, driven by record sensor shipments of 5,500 units as industrial and automotive customers deepened their commitments to warehouse automation and robotaxi applications. The profitability picture was cloudier: the company reported a loss of $0.38 per share, missing the $-0.21 consensus estimate by 85.37%, with elevated G&A costs, including $6.23 million in litigation expenses, pushing total operating expenses to $42.66 million. Still, GAAP gross margin expanded to 45%, up 1,100 basis points year over year, underscoring the margin progress management has highlighted as central to its path to profitability. Looking ahead, Ouster guided Q3 2025 revenue of $35 million to $38 million, reflecting continued momentum as customers transition from prototype testing into commercial production.
Key Takeaways
- • Record 5,500 sensors shipped in Q2 2025
- • Demand driven by industrial and automotive verticals for warehouse automation, yard logistics, and robotaxis
- • GAAP gross margin improved to 45%, up 1,100bps year over year
- • Non-GAAP gross margin reached 52%, up 1,200bps year over year
- • Favorable employment tax refund benefited gross margin
- • Tenth consecutive quarter of revenue growth
OUST YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
OUST Revenue by Segment
With YoY comparisons, source: SEC Filings
“Ouster achieved strong second quarter results above the high end of guidance and shipped a record 5,500 sensors, bringing Physical AI to life across logistics, industrial, and smart infrastructure sites around the world. We continue to make progress against each of our top priorities: advancing the development of our product portfolio, scaling our software-attached business, and executing towards profitability. We are well positioned for continued growth as we see customers successfully moving from prototype testing and into commercial production. Our story is just getting started, and we have the team, customers, and strategy to be a leader in Physical AI.”
— Angus Pacala, Q2 2025 Earnings Press Release
OUST Earnings Trends
OUST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OUST EPS Trend
Earnings per share: estimate vs actual
OUST Revenue Trend
Quarterly revenue: estimate vs actual
OUST Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.12 | $-0.28 | -143.48% | $48.6M | +5.26% |
| Q4 25 BEAT FY | $-0.14 | $0.06 | +144.44% | $62.2M | +51.22% |
| FY Full Year | $-0.58 | $-1.07 | -85.28% | $169.4M | +14.22% |
| Q3 25 MISS | $-0.18 | $-0.37 | -102.74% | $39.5M | +6.63% |
| Q2 25 MISS | $-0.21 | $-0.38 | -85.37% | $35.0M | +3.80% |
| Q1 25 MISS | $-0.26 | $-0.42 | -64.71% | $32.6M | +5.72% |