Ouster Posts Record Q3 Revenue, Guides for $61M-$64M in Q4

Ouster Inc. (NYSE: OUST) reported record third-quarter 2026 revenue and sensor shipments as its expanded product portfolio combined lidar systems with cameras following the Stereolabs acquisition. Revenue rose 50% year over year to $59 million, while the company shipped more than 27,000 sensors and issued fourth-quarter revenue guidance of $61 million to $64 million.

The quarterly shipment total included more than 7,000 lidar sensors and 20,000 cameras. Ouster shipped more than 7,200 lidar sensors in the third quarter of 2025, but comparable camera data was not available before the Stereolabs acquisition in March 2026.

GAAP gross profit increased to $25.3 million from $16.7 million a year earlier. GAAP gross margin was 43%, compared with 42% in the prior-year quarter. Non-GAAP gross profit, which excludes stock-based compensation and amortization of acquired intangible assets, rose to $27.7 million from $18.7 million, while non-GAAP gross margin remained unchanged at 47%.

Expanded sensing platform

Ouster is positioning its combined lidar, camera, AI compute and perception-software portfolio as an end-to-end platform for physical AI applications across industrial robotics, smart infrastructure and automotive markets.

Management highlighted customer adoption of REV8, which Ouster describes as the first lidar platform with native color. Chief Executive and co-founder Angus Pacala said hundreds of customers had selected REV8 for mission-critical applications, with native color accounting for the majority of adoption. The presentation did not provide revenue or shipment figures specifically for REV8.

The company also pointed to Stereolabs’ performance as supporting its strategy of offering an integrated platform spanning lidar, vision, compute and software. Applications cited in the presentation included farms, distribution centers and last-mile delivery. Ouster also featured its ZED Box 2 series of computing systems for physical AI and robotics, though it did not disclose financial targets for the product line.

Outlook and priorities

For the fourth quarter of 2026, Ouster expects revenue between $61 million and $64 million. The presentation did not provide guidance for gross margin, profitability or cash flow.

Ouster’s stated strategic priorities for 2026 are advancing its camera, lidar and AI compute products, expanding its physical AI solutions and executing its path to profitability. The company did not specify a timetable for reaching profitability.

The outlook remains subject to risks including Ouster’s history of losses, research and development requirements, fluctuating operating results, competition, lidar-market adoption and its ability to maintain pricing while reducing product costs. The company also cited supply-chain dependence, international manufacturing, tariffs and trade-policy changes, customer contract delays or cancellations, inventory management, capital needs and the integration of Stereolabs as material uncertainties.