Ouster reports Q1 net loss; sees Q2 rev of $49.5 mln-$52.5 mln

Ouster

05/05/2026 21:48

Overview

US lidar sensor maker's Q1 revenue rose 49% yr/yr to record level

Product revenue up 55% yr/yr, driven by smart infrastructure and industrial demand

Q1 net loss narrowed to $17 mln from $22 mln a year earlier; down $21 million sequentially

Q1 GAAP net loss $0.28 per share compared with profit of $0.28 per share in Q4 2025

Outlook

Ouster expects Q2 2026 revenue between $49.5 mln and $52.5 mln

Result Drivers

SMART INFRASTRUCTURE AND INDUSTRIAL DEMAND - Co said product revenue growth was primarily driven by customers in smart infrastructure and industrial verticals, including warehouse automation and intelligent transportation

EXPANDED CAMERA PORTFOLIO - Integration and commercial success of Stereolabs and expanded camera vision portfolio contributed to growth, with strong demand from AI and robotics customers

NEW PRODUCT LAUNCH - Launch of Rev8 OS digital lidar, featuring native color sensing and improved range and resolution, positioned as a driver for future growth

Company press release: ID:nBw6FWXtSa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$17.47 mln
Q1 Gross Profit
$20.84 mln
Q1 Operating Expenses
$40.05 mln
Q1 Operating Income
-$19.21 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "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 $39.00, about 38.5% above its May 4 closing price of $28.15

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)