Ouster, Inc.
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Range $53 – $75
Price Chart
About the company
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.
- CEO
- Angus Pacala
- IPO
- 2020
- Employees
- 320
- HQ
- San Francisco, CA, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $2.43B
- P/E
- -44.89
- Fwd P/E
- 4682.21
- PEG
- -0.54
- P/S
- 11.86
- P/B
- 6.78
- EV/EBITDA
- -65.44
- Div Yield
- 0.00%
- Gross Margin
- 49.60%
- Op Margin
- -30.55%
- Net Margin
- -26.02%
- ROE
- -18.45%
- ROIC
- -15.79%
Latest fiscal year · YoY change
- Revenue
- $169.38M+52.5%
- Gross Profit
- $83.44M+106.2%
- Op Income
- $-73,999,000
- Net Income
- $-60,377,000+37.8%
- EPS
- $-1.07+48.6%
- OCF Growth
- -18.6%
- FCF Growth
- -73.2%
- 52W High
- $63.79
- 52W Low
- $16.40
- 50D MA
- $42.79
- 200D MA
- $29.38
- Beta
- 3.27
- RSI (14)
- 44
- Avg Volume
- 4.42M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Ouster reported a record Q2 with $55 million in revenue, strong Rev8 demand, and raised its cash position to fund growth and the path to profitability.· August 6, 2026
- Q2 revenue was $55 million, up about 56% year over year, with over 17,000 sensors shipped, a quarterly record.
- GAAP gross margin was 49%, helped by a one-time refund that added about 1,000 basis points; adjusted EBITDA was -$4 million.
- Rev8 launch momentum was a major focus, with multiple million-dollar-plus orders, production ramp expected through late Q3, and management saying demand is already outpacing supply.
- Stereolabs added robotics and camera momentum, with the ZED X Nano described as its most successful launch and a key cross-sell opportunity.
- Cash and liquidity strengthened materially: Ouster ended Q2 with $263 million in cash, restricted cash, and short-term investments, then added about $191 million net from a July common stock offering.
Ouster reported Q2 2026 revenue of $55 million, up approximately 56% versus Q2 2025. GAAP gross margin was 49% versus 45% a year ago, though management said the quarter benefited from a one-time refund that boosted gross margin by about 1,000 basis points; Q2 2025 also had a one-time refund benefit of about 500 basis points. The company shipped over 17,000 sensors, including over 9,000 lidar sensors and over 8,000 camera sensors, and adjusted EBITDA was -$4 million, an improvement of about $1 million year over year. For royalty revenue, Q2 was about $1.9 million, first-half royalty revenue was about $2.2 million, and full-year 2026 royalty revenue is expected to be around $5 million. For Q3 2026, revenue guidance is $54.5 million to $57.5 million, with Rev8 production volumes expected to ramp throughout and into the latter part of the quarter. Full-year revenue expectations were left unchanged.
Angus Pacala framed the quarter as a strategic inflection point, calling Rev8 the most important product release in Ouster’s history and emphasizing that customer feedback has been “electric.” He said the company is extending its leadership across Physical AI, smart infrastructure, industrial automation, robotics, defense, and drones, while building a broader lidar-camera-AI compute stack. His tone was highly confident and long-term oriented, repeatedly stressing that Ouster’s product and software platform is creating durable competitive advantages and opening new market segments.
Ken Gianella highlighted record revenue and sensor shipments, plus improving operating leverage, while noting GAAP operating expenses were $47 million, up about 10% year over year due to Stereolabs integration, new product introductions, and investments in Physical AI solutions. He said Q3 operating expenses are expected to be 5%-8% higher year over year and that the company expects normalized product gross margins to remain in the 35%-40% range near term, even though software and solutions like BlueCity can be higher-margin. On liquidity, he said Ouster ended Q2 with $263 million in cash equivalents, restricted cash, and short-term investments and no debt, including about $98 million raised through ATM activity; a July common stock offering generated about $191 million in net proceeds, and management said no additional capital is expected to be needed for the current operating plan.
Analysts pressed on Rev8 backlog and whether supply constraints could have supported a higher guide; management said there is always backlog, but the guide reflects what they can realistically ship without compromising lead times, and Q2 included only minor prototype Rev8 sales. Questions on BlueCity focused on whether deployments could expand beyond early customers; management said the pattern is that once customers adopt BlueCity, they often move from POCs to citywide or statewide scale, and Utah is already among the furthest along. Analysts also asked about robotics and capacity, and management said demand is very strong, especially for Stereolabs, with capacity investments underway to avoid losing orders and to support growth into 2027 and beyond.
The bullish case from this call is that Rev8 appears to be gaining traction quickly, with strong customer response, multiple large orders, and management expecting it to drive the core business for years. Ouster also appears to be broadening its addressable market through Stereolabs, BlueCity, NVIDIA partnerships, and government-qualified products like Build America, Buy America-compliant Rev8 and BlueCity.
The main risks discussed were supply and execution, since management acknowledged demand may exceed current production in the near term and that the company is actively expanding capacity. Gross margin also remains somewhat distorted by one-time benefits, and management reiterated a normalized product margin expectation of 35%-40%, suggesting recent 40%+ levels may not persist. Analysts also probed whether current adoption is enough to justify the ramp, implying some uncertainty about how quickly Rev8, BlueCity, and robotics can scale into sustained large revenue contributions.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 93.9%
- Shares Outstanding
- 63.67M
- Float Shares
- 59.82M
of shares held by institutions
242 13F filers
Buy/sell ratio 0.14. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 5.56M | ▲ 266.77K |
| Vanguard Group Inc | 4.72M | ▼ 1.24K |
| Vanguard Capital Management LLC | 2.71M | ▲ 43.56K |
| State Street Corp | 2.05M | ▲ 419.61K |
| Geode Capital Management, LLC | 1.64M | ▲ 192.87K |
| Morgan Stanley | 1.24M | ▲ 510.92K |
| Price T Rowe Associates Inc | 1.02M | ▲ 972.98K |
| Jpmorgan Chase & Co | 728.69K | ▲ 525.25K |
| Exchange Traded Concepts, LLC | 669.17K | ▲ 617.07K |
| Penn Capital Management Company, LLC | 656.09K | ▼ 313.52K |
| Mirae Asset Global Etfs Holdings Ltd. | 612.65K | ▲ 95.93K |
| Legal & General Group PLC | 601.82K | ▲ 556.40K |
Held by 288 ETFs
Biggest fund positions in OUST by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 18, 26 | Gianella Kenneth P. | sell | 17,927 |
| Aug 18, 26 | Gianella Kenneth P. | sell | 13,364 |
| Aug 18, 26 | Gianella Kenneth P. | sell | 8,201 |
| Aug 18, 26 | Gianella Kenneth P. | sell | 508 |
| Aug 5, 26 | SKAGGS STEPHEN A | sell | 1,386 |
| Aug 6, 26 | SKAGGS STEPHEN A | sell | 3,614 |
| Aug 4, 26 | SPENCER DARIEN | sell | 30,000 |
| Jul 6, 26 | Heystee Susan | other | 660 |
| Jun 17, 26 | SKAGGS STEPHEN A | other | 4,725 |
| Jun 17, 26 | Eyler Phillip | other | 4,725 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our OUST coverage
Recent articles, reports, and earnings notes.
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Women at L3Harris Shared Concerns About CEO's Behavior Years Before Ouster
wsj.com · Aug 19
Robotics Stocks Punished Tuesday in AI Sell-Off: Ouster Down 10%, Aeva Technologies Down 12%, Symbotic Down 4%
247wallst.com · Aug 18
Can Ouster's BlueCity Expand Its LiDAR Growth Opportunity?
zacks.com · Aug 18
Trossen Robotics and Stereolabs, an Ouster Subsidiary, Partner to Put High-Fidelity Stereo Vision at the Heart of Physical AI Data Collection
businesswire.com · Aug 18
Will Stereolabs Help Ouster Capitalize on Robotics Growth?
zacks.com · Aug 17
Ouster's LiDAR Shipments Jump 70% Y/Y in Q2: Will Demand Sustain?
zacks.com · Aug 17
Ouster Says Rev8 Lidar Gains Early Multimillion-Dollar Orders, Targets Broader Platform Growth
marketbeat.com · Aug 16
Ouster, Inc. (OUST) Presents at Oppenheimer 29th Annual Technology, Internet & Communications Conference Transcript
seekingalpha.com · Aug 14
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
