📈 Price History

Ratio Health

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By Category

📊 Peer Medians

About

Ouster, Inc. engages in the production and sale of lidar sensor kits for the automotive, industrial, robotics, and smart infrastructure industries in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers the Outer Sensor (OS) product line, including OSDome that provides a hemispheric field of view; OS0 for wide view; OS1, for mid-range view; and OS2 for long-range view. It also provides the DF series, a suite of short, mid, and long-range solid-state digital lidar sensors for advanced driver assistance systems (ADAS) and autonomous driving systems; Velodyne that offers surround-view lidar sensors comprising VLP-16, VLP-16 Lite, VLP-16 Hi-Res, VLP-32, and VLS-128; Ouster Gemini, a perception platform designed for smart infrastructure deployments; and BlueCity, a Gemini-powered solution for traffic operations, planning, and safety. In addition, the company offers ZED, a high-performance camera that provides 2D and 3D color data, as well as AI Compute. Further, it is developing solid-state digital flash sensors, a suite of short, mid, and long-range solid-state digital lidar sensors that provide uniform precision imaging without motion blur across an entire field of view. Ouster, Inc. was founded in 2015 and is headquartered in San Francisco, California.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding OUST

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	132.6K	$2.4M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used repeatedly emphatic language like 'strong second quarter results', 'record sensor shipments', 'above the high end of guidance', and 'well positioned for continued growth'. They also provided specific numbers (revenue $35M+, 5,500 units) and explicit future guidance ($35-38M Q3). The tone throughout is optimistic and forward-looking.

Q3 2025

Confident Specific

The CEO and CFO repeatedly highlighted record revenue of $39.5M, 11th straight quarter of growth, 42% gross margin, and 7,200 sensors shipped. They provided specific customer examples (Serve Robotics) and set explicit Q4 guidance ($39.5M-$42.5M). No evasive language was used; questions about timelines were politely deflected but not defensive.

Q4 2025

Confident Specific

Management uses specific figures and milestones (e.g., 'twelfth straight quarter of product revenue growth', 'record quarterly shipments over 8,100', 'GAAP gross margin of 60%', 'Adjusted EBITDA positive $11 million') and reiterates achievement of strategic priorities with precise metrics like 'software attached bookings more than doubled' and 'product book-to-bill of 1.2x'.

Q1 2026 latest

Confident Specific

Management repeatedly used emphatic language such as 'strong start', 'culmination of over 10 years of innovation', 'resoundingly positive customer response', and 'overwhelming customer pull'. They provided concrete metrics (49% revenue growth, 12,600 sensor shipments, 44% LiDAR growth) and named numerous customers adopting Rev 8.

Guidance Reliability Pending · <3Q data

Investor Lens

Ouster's investment thesis appears stronger after this call. The company delivered another quarter of record product revenue, expanding gross margins, and introduced a groundbreaking product in Rev 8 with strong early customer pull. The Stereolabs acquisition is already contributing to growth and broadening the perception platform. Management maintained its long-term financial framework and guided for continued growth in Q2. However, the lack of specific pricing details for Rev 8 and the potential for gross margin compression during the transition to lower-cost Rev 8 sensors warrant monitoring. Key watch items next quarter: Rev 8 revenue contribution trend, gross margin trajectory, and any updates on functional safety certifications that could open new industrial safety markets.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Ouster Q1 2026: Record revenue $49M, 43% gross margin, launches Rev 8 native color LiDAR.

Revenue & Profitability

Revenue was $49 million, a 49% year-over-year increase. GAAP gross margin was 43%, up 200 bps from Q1 2025. Adjusted EBITDA loss was $7 million. GAAP operating expenses were $40 million, up 7% year-over-year. The company ended the quarter with $175 million in cash, equivalents, restricted cash, and short-term investments, and no debt.

Outlook

Management sees strong demand for Physical AI, smart infrastructure, and autonomous systems. The long-term financial framework targets 30%-50% revenue growth, 35%-40% GAAP gross margins, and operating expense growth of 5%-8%. For Q2 2026, revenue guidance is $49.5-$52.5 million. Management expressed confidence in Rev 8 adoption and a strong back half of the year.

Growth Drivers

Key growth levers include the new Rev 8 product family (world's first native color LiDAR), smart infrastructure solutions (Ouster BlueCity with Georgia DOT, 700+ contracted site deployments), and the Stereolabs acquisition expanding AI camera vision. Industrial vertical growth was 44% year-over-year. The U.S. ITS distributor network is securing million-dollar deals for traffic actuation.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

GAAP gross margin was 43% in Q1 2026, above the long-term framework of 35%-40%. Operating expense growth is expected to be 5%-8% from 2025 levels, including Stereolabs. The company aims for positive free cash flow and profitability, with a path to profitability by 2027.

Key Risks

Management flagged a constrained supply chain environment as a headwind in Q1. Other risks include dependence on customer adoption of Rev 8, expected royalty revenue of less than $5 million in 2026 (mostly back-half), and the integration of Stereolabs. The company also noted the need to manage operating expenses diligently.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-06

Record Q2 revenue grew 56% year-over-year, driven by strong industrial and smart infrastructure demand, major product launches (Rev8, ZED X Nano), and Stereolabs integration. Gross margin reached 49% with one-time benefits, and the company ended with $263 million in cash and no debt.

Q1 2026 Q1 2026 2026-05-05

Q1 2026 saw record revenue and gross margin growth, driven by strong LiDAR and camera shipments, the Stereolabs acquisition, and the launch of Rev 8 native color LiDAR. Guidance remains robust, with continued innovation and a clear path to profitability by 2027.

Q4 2025 Q4 2025 2026-03-02

Q4 2025 saw strong revenue growth, record sensor shipments, and robust gross margins, driven by demand across industrial, robotics, and smart infrastructure. The Stereolabs acquisition expands the unified sensing platform, supporting long-term growth and profitability targets.

Q3 2025 Q3 2025 2025-11-04

Record Q3 revenue and sensor shipments drove 41% year-over-year growth, with strong gross margins and a robust cash position. Smart infrastructure led segment performance, and strategic partnerships and product innovation are expected to fuel continued expansion.

Q2 2025 Q2 2025 2025-08-07

Q2 revenue exceeded guidance at $35M, with 45% gross margin and strong cash reserves. Growth was led by industrial and automotive segments, with major wins in defense and smart infrastructure. Guidance for Q3 is $35M–$38M, with continued focus on AI-driven solutions and profitability.

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