Ouster reported first quarter 2026 revenue of $48.6 million, a 49% year-over-year increase that surpassed analyst expectations. The company posted a GAAP net loss of $17.5 million, or ($0.28) per share, missing consensus estimates on profitability. Growth was driven by record product revenue and strong sensor shipments.
Key Highlights
- Revenue grew 49% year-over-year to $48.6 million, beating the $46.15 million consensus estimate.
- Product revenue was the main driver, increasing 55% year-over-year to a record $48.2 million, fueled by demand in smart infrastructure and industrial automation.
- GAAP gross margin expanded to 43%, a 200 basis point improvement from the prior year and significantly above the 37.5% estimate.
- Ouster provided a second-quarter revenue forecast of $49.5 million to $52.5 million.