Ouster reported first-quarter 2026 financial results on May 5 after market close.
Revenue reached $48.6 million, marking a 49% year-over-year increase that beat analyst estimates. The company recorded a net loss of $0.28 per share, meeting expectations and improving from the previous year.
Shares declined sharply as investors focused on a sequential performance slowdown. GAAP gross margin contracted to 43% from 60% in the fourth quarter. Revenue fell 22% compared to the prior quarter.
Ouster issued second-quarter revenue guidance in line with market expectations.