Ouster Q2 loss narrows as revenue rises on strong demand

Ouster

06/08/2026 21:27

Overview
U.S. sensing tech firm's Q2 revenue grew 56% yr/yr, marking 14th straight quarter of growth
Company shipped over 17,000 lidar and camera sensors, with lidar making up 53% of total
Q2 GAAP net loss narrowed by $2 mln yr/yr, driven by volume growth and efficiencies

Outlook
Ouster expects Q3 2026 revenue between $54.5 mln and $57.5 mln

Result Drivers
INDUSTRIAL AND INFRASTRUCTURE DEMAND - Co said product revenue growth was primarily driven by customers in the industrial and smart infrastructure verticals for use cases in warehouse automation, yard logistics, and intelligent transportation
NEW PRODUCT LAUNCHES - Co said the introduction of Rev8 and the ZED X Nano launch contributed to customer interest and market leadership
VOLUME AND EFFICIENCIES - Co attributed improved gross margin to volume growth and operating efficiencies

Company press release: ID:nBw5d1PZda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$18.11 mln
 
Q2 Gross Profit
 
$26.69 mln
 
Q2 Operating Expenses
 
$46.73 mln
 
Q2 Operating Income
 
-$20.05 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Ouster, Inc. is $55.00, about 21.9% above its August 5 closing price of $45.12

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)