Ouster (NASDAQ:OUST) Issues Quarterly Earnings Results

Ouster (NASDAQ:OUST) issued its quarterly earnings data on Tuesday. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12), FiscalAI reports. Ouster had a negative return on equity of 14.19% and a negative net margin of 20.36%. The company had revenue of $59.33 million for the quarter, compared to analyst estimates of $56.30 million.

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

• Record third-quarter performance: Revenue reached $59 million, up approximately 50% year over year, with more than 27,000 sensors shipped. Adjusted EBITDA loss improved to $3 million from $8 million a year earlier.
• Strong Rev8 demand is driving capacity investments. Management reported thousands of Rev8 lidar sensors in backlog and expects production to scale from hundreds of units in Q3 to thousands in Q4 and tens of thousands by the end of 2027; Benchmark capacity is expected to exceed 100,000 annual lidar units by the end of 2027.
• Stereolabs delivered a breakout quarter, shipping more than 20,000 cameras after more than doubling production sequentially. Ouster said demand is accelerating across robotics, including manipulation, humanoids, drones, and mobile industrial applications.
• Physical AI software and infrastructure wins are expanding. Gemini can now fuse up to 100 lidar sensors on one server, while BlueCity secured several multimillion-dollar contracts, including an expansion covering 100 additional intersections.
• Fourth-quarter revenue guidance is $61 million to $64 million, including roughly $3 million in royalties, implying about 48% full-year 2026 growth excluding royalties. The company ended the quarter with approximately $421 million in cash and said it does not expect to need additional capital, while continuing to invest heavily in inventory, manufacturing capacity, product development, and Stereolabs integration.

Ouster Trading Down 12.8%

NASDAQ:OUST traded down $4.30 on Thursday, reaching $29.23. The stock had a trading volume of 2,590,962 shares, compared to its average volume of 3,074,767. The company has a 50-day moving average of $35.51 and a 200 day moving average of $32.46. The stock has a market cap of $2.11 billion, a P/E ratio of -42.43 and a beta of 3.47. Ouster has a 12-month low of $16.40 and a 12-month high of $63.79.

Insiders Place Their Bets

In other Ouster news, COO Darien Spencer sold 12,808 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $33.96, for a total transaction of $434,959.68. Following the completion of the sale, the chief operating officer owned 286,998 shares in the company, valued at $9,746,452.08. This trade represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Pacala sold 30,385 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $33.96, for a total value of $1,031,874.60. Following the sale, the chief executive officer owned 1,041,816 shares of the company’s stock, valued at approximately $35,380,071.36. This trade represents a 2.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 138,037 shares of company stock valued at $5,142,537. Insiders own 5.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating on shares of Ouster in a report on Wednesday. Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and set a $45.00 price target for the company in a report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Ouster in a research report on Wednesday. Citigroup reiterated an “outperform” rating on shares of Ouster in a research note on Tuesday, July 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ouster in a research note on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Key Headlines Impacting Ouster

Here are the key news stories impacting Ouster this week:

• Positive Sentiment: Revenue rose about 50% year over year to $59.3 million, above the $56.3 million analyst estimate, while Ouster shipped more than 27,000 sensors. Gross margin reportedly reached 49%, and management cited strong REV8 lidar demand and growth in robotics. Ouster Announces Results for Third Quarter 2026
• Positive Sentiment: Management forecast fourth-quarter revenue of $61 million to $64 million and plans to scale REV8 production toward annual capacity of 100,000 units by the end of 2027. The outlook supports expectations for continued growth, though production expansion will need to translate into sales. Ouster Q4 outlook and REV8 capacity plans
• Positive Sentiment: Cantor Fitzgerald upgraded OUST to “overweight” with a $45 price target, while Rosenblatt reaffirmed its “buy” rating and $53 target. The ratings signal analyst confidence in the growth outlook, but targets are not guarantees. Cantor Fitzgerald rating
• Neutral Sentiment: The quarterly loss narrowed to $0.20 per share from $0.37 a year earlier, but the EPS comparison was mixed: it beat the Zacks consensus of a $0.30 loss while missing another reported consensus of an $0.08 loss. Ouster Q3 results
• Negative Sentiment: Despite the operating progress, Ouster remains loss-making, and an article noted the shares had fallen sharply over the prior month. That recent weakness may reflect investor concern about execution, profitability, or the stock’s high volatility. Ouster’s recent share-price decline

About Ouster

Ouster, Inc is a technology company that develops and manufactures digital lidar sensors and related software. Its lidar systems use laser light to detect and measure surrounding objects, supporting applications that require real-time perception, mapping, and automation.

The company’s products are designed for customers in the automotive, industrial automation, robotics, infrastructure, mapping, security, and smart-city markets. Ouster provides lidar sensors for uses such as autonomous and assisted driving, warehouse and industrial operations, traffic monitoring, asset inspection, and other machine-perception applications.