Ouster, Inc., a leader in sensing and perception for Physical AI, announced financial results for the three months ended September 30, 2026.

“We delivered a strong third quarter, with $59 million in revenue and more than 27,000 total sensors shipped, cementing Ouster’s evolution into a comprehensive platform that meets the diverse, global demands of Physical AI. Our Stereolabs cameras had a record quarter of shipments, unlocked by our investments in capacity to meet surging growth in the robotics sector,” said Ouster CEO Angus Pacala.

“The market reception for Rev8 has been decisive. As the world’s first native color lidar, Rev8 is a paradigm shift that is proving to be an undeniable competitive differentiator. Hundreds of customers have already chosen Rev8 for their mission critical applications. Customer demand has been robust while we ramp initial production, and we expect our delivery cadence to accelerate into 2027. The breakout performance of Stereolabs proves our vision of a unified platform is exactly what the market demands. From farms and distribution centers to last mile delivery, the world’s most innovative companies are choosing Ouster. We provide the complete stack of lidar, vision, compute, and software required to bring Physical AI into the real world.”

Third Quarter 2026 Highlights:

• $59 million in revenue, up 50% year over year and up 9% sequentially.
• Shipped more than 27,000 lidar and camera sensors for revenue, of which lidar was approximately 27% of the total.
• GAAP gross margin of 43%, essentially flat year over year and down 600 bps sequentially.
• GAAP net loss of $14 million, an improvement of $8 million year over year and an improvement of $4 million sequentially.
• Non-GAAP gross margin1 of 47%, down 100 bps year over year and down 700 bps sequentially.
• Adjusted EBITDA1 loss of $3 million, an improvement of $5 million year over year and an improvement of $1 million sequentially.
• Cash, cash equivalents, restricted cash, and short-term investments of $421 million as of September 30, 2026.

Revenue
Ouster delivered third quarter revenue of $59 million, an increase of 50% year over year and 9% sequentially. Product revenue of $56 million was an increase of 42% year over year and 6% sequentially, primarily driven by customers in the industrial and robotics verticals for use cases in warehouse automation, defense, construction, mapping, and data collection. The Company shipped over 27,000 units, of which lidar was approximately 27% of the total.

Gross Margin
GAAP gross margin was 43%, compared with 42% in the third quarter of 2025 and 49% in the second quarter of 2026. A one-time refund positively impacted second quarter gross margin by approximately 1,000 basis points. Non-GAAP gross margin was 47%, compared with 47% in the third quarter of 2025 and 53% in the second quarter of 2026. Non-GAAP gross margin excludes the impact of stock-based compensation expenses, and certain other items outside of ordinary operations.

Fourth Quarter 2026 Outlook:
For the fourth quarter of 2026, Ouster expects to achieve $61 million to $64 million in total revenue.

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