Ouster (NASDAQ:OUST) Issues Earnings Results

Posted by Brenda Bartman on Aug 8th, 2026

Ouster (NASDAQ:OUST – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.14), Zacks reports. Ouster had a negative net margin of 26.02% and a negative return on equity of 19.33%. The firm had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $51.47 million.

Here are the key takeaways from Ouster’s conference call:

Record Q2 performance: Revenue rose 56% year over year to $55 million, while sensor shipments reached a quarterly record of more than 17,000. Growth was led by industrial and smart infrastructure markets.
Ouster reported strong early demand for its Rev8 lidar, including multiple million-dollar-plus orders from major industrial, agriculture, and autonomous-vehicle customers. Rev8 is expected to reach production volumes by the end of Q3 and become a key revenue driver in the second half of 2026.
The company highlighted expanding opportunities in BlueCity traffic management, robotics, defense, drones, and mining, while the Stereolabs acquisition is contributing camera growth and cross-selling opportunities across Ouster’s customer base.
GAAP gross margin was 49%, but management noted that a one-time refund boosted the quarter by approximately 1,000 basis points; normalized gross margin was in the high-30% range, with the longer-term target still approximately 35%-40%. Operating expenses are expected to rise 5%-8% year over year in Q3.
Ouster strengthened its balance sheet with roughly $289 million in Q2 and early-Q3 equity proceeds, ending the latest offering with approximately 72 million shares outstanding. Management said the capital should fund the current operating plan without additional financing, but the raises dilute existing shareholders.

Ouster Stock Performance

NASDAQ:OUST traded down $2.18 during trading hours on Friday, reaching $43.40. The stock had a trading volume of 3,849,889 shares, compared to its average volume of 3,373,220. Ouster has a 12-month low of $16.40 and a 12-month high of $63.79. The stock has a 50 day simple moving average of $42.80 and a 200 day simple moving average of $30.65. The stock has a market cap of $2.73 billion, a P/E ratio of -50.46 and a beta of 3.24.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OUST shares. Northland Securities set a $60.00 target price on Ouster and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Rosenblatt Securities reiterated a “buy” rating and set a $53.00 price target on shares of Ouster in a report on Friday. Citigroup reissued an “outperform” rating on shares of Ouster in a research report on Tuesday, July 21st. Finally, Oppenheimer restated an “outperform” rating and issued a $57.00 price objective (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

Read Our Latest Stock Analysis on Ouster

More Ouster News

Here are the key news stories impacting Ouster this week:

Positive Sentiment: Second-quarter revenue rose 56% year over year to $54.63 million, exceeding analyst expectations of $51.47 million. Record sensor shipments, demand for the Rev8 lidar platform and smart-infrastructure projects supported the growth. Ouster Q2 Earnings Surpass Expectations on Sensor Growth
Positive Sentiment: Management highlighted the Rev8 production ramp, expansion of its BlueCity smart-infrastructure business and rising robotics demand. The company said it remains well positioned for longer-term “physical AI” applications. OUST Q2 Earnings Call Focuses on Rev8 Ramp and Robotics Demand
Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and maintained a $53 price target, implying meaningful upside from recent trading levels. The broader analyst consensus remains “Moderate Buy,” with an average target of $54.67. Rosenblatt Securities Rating
Neutral Sentiment: Ouster left its full-year revenue expectations unchanged. This signals continued confidence in the longer-term outlook but provides no upward revision to estimates after the quarter.
Negative Sentiment: Ouster reported a second-quarter loss of $0.26 per share. While one data source characterized the result as better than its $0.31 loss estimate, other consensus figures cited a $0.12 expected loss, making the earnings reaction mixed. The company remains unprofitable, with a negative net margin.
Negative Sentiment: Third-quarter revenue guidance of $54.5 million to $57.5 million is slightly below the $57.7 million analyst consensus, potentially raising concerns about the pace of growth.
Negative Sentiment: COO Darien Spencer sold 30,000 shares worth approximately $1.35 million, reducing his holdings by 9.1%. The sale may add modest pressure to investor sentiment, although it does not necessarily indicate a change in business fundamentals. Ouster COO Stock Sale

Insider Buying and Selling

In related news, Director Ted L. Tewksbury III sold 1,695 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $47.00, for a total transaction of $79,665.00. Following the sale, the director directly owned 124,999 shares in the company, valued at approximately $5,874,953. This represents a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen A. Skaggs sold 3,614 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $45.18, for a total transaction of $163,280.52. Following the completion of the transaction, the director directly owned 61,415 shares of the company’s stock, valued at approximately $2,774,729.70. This trade represents a 5.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 744,754 shares of company stock valued at $28,929,859. Corporate insiders own 5.72% of the company’s stock.

Hedge Funds Weigh In On Ouster

Large investors have recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in Ouster by 17.1% in the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Ouster by 5.5% during the 2nd quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock valued at $280,000 after buying an additional 599 shares in the last quarter. Prosperity Wealth Management Inc. grew its position in shares of Ouster by 5.5% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock worth $352,000 after buying an additional 675 shares during the period. Creative Planning grew its position in shares of Ouster by 1.6% in the 3rd quarter. Creative Planning now owns 43,681 shares of the company’s stock worth $1,182,000 after buying an additional 677 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of Ouster by 4.9% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 14,794 shares of the company’s stock worth $320,000 after acquiring an additional 695 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors.

About Ouster

(Get Free Report)

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.