Ouster (NASDAQ:OUST) Releases Quarterly Earnings Results, Misses Expectations By $0.14 EPS

08 Aug 2026, 19:40 by Scott Moore · The Cerbat Gem

Ouster (NASDAQ:OUST – Get Free Report) issued its earnings results on Thursday. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.14), Zacks reports. Ouster had a negative return on equity of 19.33% and a negative net margin of 26.02%.The business had revenue of $54.63 million during the quarter, compared to analyst estimates of $51.47 million.

Here are the key takeaways from Ouster’s conference call:

Record Q2 performance: Revenue rose 56% year over year to $55 million, while sensor shipments reached a quarterly record of more than 17,000. Growth was led by industrial and smart infrastructure markets.
Ouster reported strong early demand for its Rev8 lidar, including multiple million-dollar-plus orders from major industrial, agriculture, and autonomous-vehicle customers. Rev8 is expected to reach production volumes by the end of Q3 and become a key revenue driver in the second half of 2026.
The company highlighted expanding opportunities in BlueCity traffic management, robotics, defense, drones, and mining, while the Stereolabs acquisition is contributing camera growth and cross-selling opportunities across Ouster’s customer base.
GAAP gross margin was 49%, but management noted that a one-time refund boosted the quarter by approximately 1,000 basis points; normalized gross margin was in the high-30% range, with the longer-term target still approximately 35%-40%. Operating expenses are expected to rise 5%-8% year over year in Q3.
Ouster strengthened its balance sheet with roughly $289 million in Q2 and early-Q3 equity proceeds, ending the latest offering with approximately 72 million shares outstanding. Management said the capital should fund the current operating plan without additional financing, but the raises dilute existing shareholders.

Ouster Stock Down 4.8%

OUST traded down $2.18 during midday trading on Friday, reaching $43.40. 3,849,889 shares of the company’s stock were exchanged, compared to its average volume of 3,373,220. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -50.46 and a beta of 3.24. Ouster has a one year low of $16.40 and a one year high of $63.79. The business has a 50-day simple moving average of $42.80 and a two-hundred day simple moving average of $30.65.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OUST shares. Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 7th. Northland Securities set a $60.00 target price on Ouster and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Rosenblatt Securities reiterated a “buy” rating and set a $53.00 price target on shares of Ouster in a report on Friday. Oppenheimer reissued an “outperform” rating and issued a $57.00 price target (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Finally, Roth Capital began coverage on shares of Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.67.

View Our Latest Stock Report on Ouster

Ouster News Roundup

Here are the key news stories impacting Ouster this week:

Positive Sentiment: Second-quarter revenue rose 56% year over year to $54.63 million, exceeding analyst expectations of $51.47 million. Record sensor shipments, demand for the Rev8 lidar platform and smart-infrastructure projects supported the growth. Ouster Q2 Earnings Surpass Expectations on Sensor Growth
Positive Sentiment: Management highlighted the Rev8 production ramp, expansion of its BlueCity smart-infrastructure business and rising robotics demand. The company said it remains well positioned for longer-term “physical AI” applications. OUST Q2 Earnings Call Focuses on Rev8 Ramp and Robotics Demand
Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and maintained a $53 price target, implying meaningful upside from recent trading levels. The broader analyst consensus remains “Moderate Buy,” with an average target of $54.67. Rosenblatt Securities Rating
Neutral Sentiment: Ouster left its full-year revenue expectations unchanged. This signals continued confidence in the longer-term outlook but provides no upward revision to estimates after the quarter.
Negative Sentiment: Ouster reported a second-quarter loss of $0.26 per share. While one data source characterized the result as better than its $0.31 loss estimate, other consensus figures cited a $0.12 expected loss, making the earnings reaction mixed. The company remains unprofitable, with a negative net margin.
Negative Sentiment: Third-quarter revenue guidance of $54.5 million to $57.5 million is slightly below the $57.7 million analyst consensus, potentially raising concerns about the pace of growth.
Negative Sentiment: COO Darien Spencer sold 30,000 shares worth approximately $1.35 million, reducing his holdings by 9.1%. The sale may add modest pressure to investor sentiment, although it does not necessarily indicate a change in business fundamentals. Ouster COO Stock Sale

Insiders Place Their Bets

In other Ouster news, Director Ted L. Tewksbury III sold 1,695 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $47.00, for a total transaction of $79,665.00. Following the sale, the director directly owned 124,999 shares of the company’s stock, valued at approximately $5,874,953. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth P. Gianella sold 54,337 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $38.82, for a total value of $2,109,362.34. Following the sale, the chief financial officer owned 301,014 shares in the company, valued at $11,685,363.48. The trade was a 15.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 744,754 shares of company stock worth $28,929,859 over the last quarter. Corporate insiders own 5.72% of the company’s stock.

Institutional Investors Weigh In On Ouster

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in Ouster by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after buying an additional 525 shares during the last quarter. Corient Private Wealth LLC boosted its position in Ouster by 5.5% during the 2nd quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after acquiring an additional 599 shares during the last quarter. Prosperity Wealth Management Inc. grew its stake in shares of Ouster by 5.5% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock worth $352,000 after acquiring an additional 675 shares in the last quarter. Creative Planning grew its stake in shares of Ouster by 1.6% during the 3rd quarter. Creative Planning now owns 43,681 shares of the company’s stock worth $1,182,000 after acquiring an additional 677 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Ouster by 4.9% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 14,794 shares of the company’s stock valued at $320,000 after purchasing an additional 695 shares during the last quarter. Institutional investors own 31.45% of the company’s stock.

About Ouster

(Get Free Report)

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.