Ouster Revenue Reaches $59.325 Million in Third Quarter, With Forecast of Up to $64 Million
Key Facts
Ouster reported on November 3 that total revenue reached $59.325 million in the third quarter ended September 30, 2026, compared with $39.525 million in the same period a year earlier and $54.626 million in the second quarter. Revenue topped analyst consensus of $57.34 million, according to Investing.com. The company said product revenue was $56 million, up 42% year over year and 6% from the previous quarter. It attributed product revenue growth mainly to customers in the industrial and robotics sectors. Revenue and shipments led the company's quarterly results, while adjusted per-share loss was wider than analysts expected.
The company shipped more than 27,000 lidar sensors and revenue-generating cameras in the third quarter, with lidar accounting for about 27% of total units shipped, according to the earnings release. Ouster said Stereolabs cameras had a record quarter for shipments. The CEO attributed this to the company's investments in capacity to keep pace with growing demand in the robotics sector, according to Investing.com. Uses cited by the company include warehouse automation, defense, construction, mapping and data collection. Ouster said product revenue had grown for the 15th consecutive quarter.
Gross margin under generally accepted accounting principles was 43%, compared with 42% in the third quarter of 2025 and 49% in the second quarter of 2026. The company said a one-time recovery lifted second-quarter margin by about 1,000 basis points. Gross margin on a non-GAAP basis was 47%, matching its level a year earlier and below 53% in the previous quarter. The quarterly decline in margins accompanied growth in product revenue, according to figures reported by the company.
Ouster recorded a net loss of $14.156 million in the third quarter, compared with $21.733 million a year earlier and $18.114 million in the second quarter. Adjusted EBITDA loss was $3.392 million. Meanwhile, cash, cash equivalents, restricted cash and short-term investments totaled $421 million on September 30, 2026. Adjusted loss per share was $0.20, against an expected loss of $0.08 per share, according to Investing.com. The results therefore combined revenue above analyst consensus with a per-share loss wider than their estimates.
The company expects total revenue of between $61 million and $64 million in the fourth quarter of 2026, according to its release. The midpoint of that range is $62.5 million, compared with analyst consensus of $62.03 million, according to Investing.com. CEO Angus Pacala said, "Hundreds of customers have already chosen Rev8 for their mission-critical applications," and the company added that it expects the pace of delivery to accelerate during 2027. Ouster shares rose 8.4% in after-hours trading following the earnings announcement, according to Investing.com; they had closed at $28.98 on November 3, after $28.22 in the previous session, according to EL7 data. The company named two upcoming management appearances: the ROTH Technology Conference on November 18, 2026, and the virtual Northland Growth Conference on December 16, 2026.