Ouster, Inc. (OUST) Earnings
Ouster, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $-0.14. OUST has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise -15.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $-0.12 | $-0.25 | -117.4% | $49M | +5.3% |
| Nov 4, 2025 | $-0.43 | $-0.37 | +14.0% | $40M | -3.9% |
| Aug 7, 2025 | $-0.45 | $-0.38 | +15.6% | $35M | -4.6% |
| May 8, 2025 | $-0.56 | $-0.42 | +25.0% | $33M | -3.4% |
| Mar 20, 2025 | $-0.23 | $-0.48 | -108.7% | $30M | -1.9% |
| Nov 7, 2024 | $-0.57 | $-0.54 | +5.3% | $28M | -6.4% |
| May 9, 2024 | $-0.72 | $-0.55 | +23.6% | $26M | +1.9% |
| Nov 9, 2023 | $-1.16 | $-0.89 | +23.3% | $22M | -8.7% |
| Aug 10, 2023 | $-1.48 | $-1.81 | -22.3% | $19M | +0.4% |
| May 11, 2023 | $-2.20 | $-3.36 | -52.7% | $17M | +3.6% |
| Mar 23, 2023 | $0.18 | $-2.30 | -1377.8% | $11M | -30.9% |
| Aug 4, 2022 | $-0.17 | $-1.60 | -841.2% | $10M | -6.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Acquired Stereolabs in February 2026, seeing positive customer response. • Launched Rev8, world's first native color LiDAR. • LiDAR business grew 44% y-o-y with strong contributions from industrial vertical, including large deals for port automation and autonomous earth-moving company. • Alster's smart infrastructure solutions business saw momentum with expanded ITS distributor network, winning contracts and announcing expansion with Georgia Department of Transportation. • Master Gemini had revenue from significant customer renewal. • Released Stereolab ZX Nano, shipping this month, setting new standard for wrist-mount stereo vision. • Rev8 is built with next-gen L4 ouster silicon, redefining LiDAR with native color sensing, offering high resolution, image quality, and functional safety certifications.
Guidance
• Expect Q2 2026 total revenue in range of $49.5 million to $52.5 million. • Long-term financial framework includes revenue growth of 30% to 50%, gap gross margins of 35% to 40%, and gap operating expense growth of 5% to 8% from 2025 levels. • Confident in innovation and go-to-market strategy to move closer to positive operating free cash flow and profitability.
Segment performance
Outdoor had $49 million in revenue in Q1 2026, achieving 13th straight quarter of product revenue growth. Shipped over 12,600 LIDAR and cameras. LiDAR business grew ~44% y-o-y. Smart Infrastructure Vertical was largest contributor to Q1 revenue, followed by Industrial. Gap gross margin was 43%, up 200 basis points from same quarter last year. Royalty revenue in Q1 was not material, with total royalty revenue in 2026 expected to be less than $5 million, mostly recognized in back half.
Analyst Q&A
Q: How many customers have been waiting for Rev8 to move into series production and which new applications are seeing material opportunities?
A: While not pre-announced, worked closely with key customers for over a year. New applications include high-altitude drone surveying, high-speed applications, heavy machinery, and multibillion-dollar industrial safety devices.
Q: How to think about mix going forward and edge compute leverage?
A: Expect significant growth across all product lines. Edge compute expected to contribute more, but still getting feet under us on positioning.
Q: Will REV7 continue to be produced and transition look?
A: Fully committed to producing and supporting REV7 for established customer base; Rev8 is seamless upgrade but customers can choose.
Q: Opportunities in automotive with Rev8?
A: Rev8 is autograde, designed for functional safety, ideal for automotive including robo-taxis and trucks.
Q: Most important steps to hit break-even?
A: Continued innovation, revenue scale, gross margins, and OPEX mix contribute to EBITDA improvement.
Q: How Rev8's color is achieved and applications?
A: Core innovation at silicon level, world-first. Applications include training physical AI models and 3D surveying.
Q: Upsize in value and price with Rev8?
A: Pricing depends on customer application, with Rev8 being drop-in compatible for quick adoption.