Quarterly ResultMay 5, 2026, 04:28 PM
Ouster Q1 Revenue $49M, Product Revenue Up 55% YoY
AI Summary
Ouster, Inc. announced its first quarter 2026 financial results, reporting $49 million in total revenue, a 49% increase year over year. Product revenue grew 55% year over year to $48 million, marking the 13th consecutive quarter of product revenue growth. The company also launched its new Rev8 OS digital lidar family, featuring native color sensing and enhanced capabilities, and secured new million-dollar contracts. While GAAP net loss improved year over year, total revenue and gross margins saw sequential declines due to a one-time royalty in the previous quarter.
Key Highlights
- Ouster reported Q1 2026 revenue of $49 million, up 49% year over year.
- Product revenue reached $48 million, a 55% increase year over year and 18% sequentially.
- The company shipped over 12,600 lidar and camera sensors, with lidar accounting for approximately 65%.
- GAAP gross margin was 43%, up 200 bps year over year; Non-GAAP gross margin was 46%, flat year over year.
- GAAP net loss improved by $5 million year over year to $17 million.
- Adjusted EBITDA loss was $7 million, an improvement of $1 million year over year.
- Cash, cash equivalents, restricted cash, and short-term investments totaled $175 million.
- Ouster introduced the new Rev8 OS digital lidar with native color sensing and functional safety.
- Q2 2026 revenue outlook is $49.5 million to $52.5 million, including Stereolabs operations.