Companies /Technology

Ouster Inc - Class A

NYSE: OUST Electronic Components
$34.44
▼ $0.18 (−0.52%) today
Markets closed · 6:37pm ET

Q1 2026 Earnings

Reported May 5, 2026, 4:22pm ET · SEC source
$-0.28
Miss −143.48%
EPS · est. $-0.12
$48.6M
Beat +5.26%
Revenue · est. $46.2M
+36.8%
Beating market
OUST vs S&P since report
2 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
0+6%+12%+18%May 5May 6report 4:22pm ETearnings+1.1%+15.1%
0+6%+12%+18%May 5May 6earnings+1.1%+15.1%
OUST +15.1%S&P 500 +1.1%
0+6%+12%+18%May 5May 6report 4:22pm ETearnings+1.7%+15.1%
0+6%+12%+18%May 5May 6earnings+1.7%+15.1%
OUST +15.1%NASDAQ +1.7%
0+20%May 4May 13report 4:22pm ETearnings+2.5%+28.0%
0+20%May 4May 13earnings+2.5%+28.0%
OUST +28.0%S&P 500 +2.5%
0+20%May 4May 13report 4:22pm ETearnings+4.8%+28.0%
0+20%May 4May 13earnings+4.8%+28.0%
OUST +28.0%NASDAQ +4.8%
+1.60%
Day of report
+2.78%
Next session
−5.24%
One week
+38.74%
30 days

S&P 500 over the same 30 days: +1.90%.

Did OUST Beat Earnings? Q1 2026 Results

Ouster posted a solid first quarter for fiscal 2026, with total revenue climbing 49% year over year to $48.58 million and a GAAP net loss of $0.28 per share, as record product revenue of $48.23 million, up 55% year over year, demonstrated the company's core business gaining meaningful traction. The most material driver of the quarter was the completed acquisition of Stereolabs, which expanded Ouster's product mix to include camera vision alongside lidar, with the combined portfolio shipping more than 12,600 sensors in the period. GAAP gross margin improved 200 basis points year over year to 43%, while the adjusted EBITDA loss narrowed to $6.88 million from $7.81 million a year ago, pointing to gradual efficiency gains even as operating expenses rose to $40.05 million to support the enlarged organization. The company ended the quarter with $175.00 million in cash and liquidity resources. Looking ahead, Ouster guided Q2 2026 revenue of $49.50 million to $52.50 million, reflecting a full quarter of Stereolabs contributions and continued sequential growth momentum.

Key Takeaways
  • Product revenue growth of 55% YoY driven by smart infrastructure and industrial verticals
  • Strong demand from warehouse automation, yard logistics, and intelligent transportation use cases
  • Stereolabs integration contributing camera vision revenue from AI model builders and robotics platforms
  • Volume growth and operating efficiencies improving gross margin year over year

“Our first quarter demonstrated strong execution across our portfolio, delivering record product revenue and validating the growing demand for our solutions across key markets. We won new million-dollar contracts for Ouster BlueCity and secured several million-dollar deals to power industrial automation. Stereolabs has already proven to be a perfect complement, and the rapid integration and commercial success of our expanded camera vision portfolio was a tailwind during the quarter, with strong demand from companies building foundational AI models and advanced robotics platforms.”

Ouster CEO, on the earnings call

Forward Guidance & Outlook

For Q2 2026, Ouster expects total revenue of $49.5 million to $52.5 million, which includes a full quarter of Stereolabs operations.

OUST YoY Financials

Revenue$48.6M
Gross Profit$20.8M
Operating Income$-19,212,000
Net Income$-17,465,000

OUST Revenue by Segment

Product Revenue (Lidar Sensors)$48.2M+55.0%
Royalties
Royalties (IP Licensing)$347,000

Figures from SEC filings and company reports. Not investment advice.