10-K · March 2, 2026
Ouster describes a strategy of a unified sensing and perception platform combining digital lidar, cameras, AI compute, sensor fusion and perception software, and edge/cloud applications. Financially the business shows a…
Earnings analysis · 10-Q
OUST earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
Ouster, Inc. reported Q1 2026 revenues of $48.6 million, marking a robust 49% increase from $32.6 million year-over-year, primarily driven by increased sensor volume sales. However, the company posted a loss of $0.28…
Read full summary
Ouster, Inc. reported Q1 2026 revenues of $48.6 million, marking a robust 49% increase from $32.6 million year-over-year, primarily driven by increased sensor volume sales. However, the company posted a loss of $0.28 per share, missing the analyst estimate of a $0.15 loss. Guidance for Q2 indicates expected revenue between $49.5 million and $52.5 million, suggesting continued growth despite numerous operational challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.28
- Gross margin
- 43%
What stood out
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Revenue Growth Exceeds Estimates
Reported revenue of $48.6 million, up 49% year-over-year, exceeding estimates of $46.1 million.
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Improved Gross Margin
Gross margin improved to 43% from 41% year-over-year, aided by increased sensor volumes.
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Strong Performance in Americas Region
Americas revenue surged to $32.8 million, a significant 111% increase from $15.5 million in Q1 2025.
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Interest Income Increase
Interest income rose by 45% to $2.5 million, up from $1.7 million in Q1 2025.
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Cash Position Strong
Cash, cash equivalents, and short-term investments totaled $174.9 million as of March 31, 2026.
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Market Adoption Growing
Management noted that lidar solutions are approaching an inflection point of adoption in target end markets.
What to watch
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Continued Net Losses
Net loss for Q1 2026 was $17.5 million, compared to $22.0 million in Q1 2025.
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Negative Cash Flows Persisting
Operating cash flow usage increased to $7.3 million from $4.9 million in the prior year.
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Margin Pressure from Tariffs
Increased manufacturing costs and tariffs expected to pressure margins in upcoming quarters.
Management's outlook
Management expects Q2 2026 revenue to be between $49.5 million and $52.5 million.
Earlier filings 4
10-Q · August 11, 2025
Ouster reported Q2 revenue of $35,049,000 (up $8,059,000 or ~29.9% year-over-year and up $2,417,000 or ~7.4% sequentially) with gross margin expanding to 45.2% from 33.7% a year ago. Despite revenue and margin…
10-Q · November 8, 2024
Ouster reported Q3 2024 revenue of $28,075,000 and GAAP diluted loss per share of $(0.54). Revenue and gross profit improved materially year-over-year (Q3 2024 revenue up from $22,209,000; gross profit up to…
10-K · March 28, 2024
Ouster positions itself as a software-defined lidar leader offering two digital product lines (OS scanning and DF solid-state) after completing the Velodyne merger on February 10, 2023. The company emphasizes a large…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.