Ouster Reports 50% Revenue Growth as Sensor Shipments Top 27,000 in Third Quarter

Insider Brief

• Ouster reported third-quarter revenue of $59 million, up 50% year over year, as demand for lidar and camera sensors from industrial and robotics customers drove record product revenue.
• The company shipped more than 27,000 sensors, with lidar accounting for about 27% of shipments, while product revenue rose 42% to $56 million, marking its 15th consecutive quarter of growth.
• Ouster narrowed its GAAP net loss to $14 million from $22 million a year earlier, ended the quarter with $421 million in cash and short-term investments, and forecast fourth-quarter revenue of $61 million to $64 million.

Physical AI sensing and perception company Ouster reported third-quarter revenue of $59 million, up 50% from a year earlier, as demand for lidar and camera sensors from industrial and robotics customers helped drive record product sales.

Revenue rose 9% from the previous quarter, while product revenue climbed 42% year over year to $56 million. It marked Ouster’s 15th consecutive quarter of product revenue growth, the San Francisco-based company has reported.

Ouster shipped more than 27,000 lidar and camera sensors during the quarter, with lidar accounting for approximately 27% of the total. Product revenue growth was driven primarily by industrial and robotics customers using its technology for warehouse automation, defense, construction, mapping and data collection.

“Our Stereolabs cameras had a record quarter of shipments, unlocked by our investments in capacity to meet surging growth in the robotics sector,” said Ouster CEO Angus Pacala.

Ouster’s newer Rev8 lidar product also contributed to customer activity. The company describes Rev8 as the world’s first native color lidar, combining color information with lidar sensing. According to Ouster, hundreds of customers have selected the technology for their applications, although production is still ramping up, with deliveries expected to increase into 2027.

Financial Performance and Outlook

Ouster reported a GAAP net loss of $14 million, narrowing from a $22 million loss a year earlier and an $18 million loss in the previous quarter.

Its GAAP gross margin reached 43%, compared with 42% in the third quarter of 2025 and 49% in the second quarter of 2026. The company noted that a one-time refund had boosted second-quarter gross margin by approximately 10 percentage points.

Non-GAAP gross margin was 47%, unchanged from a year earlier but down from 53% in the previous quarter. The adjusted EBITDA loss narrowed to $3 million, compared with an $8 million loss a year earlier and a $4 million loss in the second quarter.

Ouster ended September with $421 million in cash, cash equivalents, restricted cash and short-term investments.

For the fourth quarter, the company forecasts revenue of $61 million to $64 million.