Ouster (OUST) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 revenue of $55 million, up 56% year-over-year, with over 17,000 sensors shipped, marking the 14th consecutive quarter of product revenue growth and strong demand across industrial and smart infrastructure sectors.

• Launched Rev8, the world's first native color lidar, and ZED X Nano, expanding leadership in Physical AI, robotics, and stereo vision markets.

• Integration of Stereolabs and expanded partnership with NVIDIA enhanced product offerings and market reach.

• Strengthened balance sheet with $263 million in cash and no debt, following successful capital raises.

• Net loss for Q2 2026 was $18 million, improving by $2 million year-over-year.

Financial highlights

• Q2 2026 revenue reached $55 million, a 56% increase year-over-year, with over 17,000 sensors shipped.

• GAAP gross margin improved to 49%, up from 45% last year, aided by a one-time refund; non-GAAP gross margin was 53%.

• Adjusted EBITDA loss was $4 million, a $1 million improvement year-over-year.

• Net loss per share was $(0.27) for Q2 2026, with weighted-average shares outstanding of 65,990,437.

• Cash, cash equivalents, and short-term investments totaled $263 million as of June 30, 2026.

Outlook and guidance

• Q3 2026 revenue guidance is $54.5 million to $57.5 million, with Rev8 ramping to production volumes.

• Full-year revenue expectations remain unchanged.

• No additional capital needed to fund current operating plan on the path to profitability.