Ouster Q2 loss narrows as revenue rises on strong demand
OUST•Reported quarter details
| Metric | Actual |
|---|---|
| Q2 Net Loss | $18.11 million |
| Q2 Gross Profit | $26.69 million |
| Q2 Operating Expenses | $46.73 million |
| Q2 Operating Income | -$20.05 million |
The current average analyst rating on the shares is "buy," with 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The median 12-month price target for Ouster, Inc. is $55.00, about 21.9% above its August 5 closing price of $45.12.
Outlook and product demand
Ouster expects third-quarter 2026 revenue between $54.5 million and $57.5 million.
The company said product revenue growth was primarily driven by customers in the industrial and smart infrastructure verticals for use cases in warehouse automation, yard logistics, and intelligent transportation. It also said the introduction of Rev8 and the ZED X Nano launch contributed to customer interest and market leadership.
Loss narrows and margin improves
Ouster said second-quarter GAAP net loss narrowed by $2 million year over year, driven by volume growth and efficiencies.
The company attributed improved gross margin to volume growth and operating efficiencies.
Q2 revenue rises on strong demand
U.S. sensing tech firm Ouster said second-quarter revenue grew 56% year over year, marking its 14th straight quarter of growth.
The company shipped over 17,000 lidar and camera sensors, with lidar making up 53% of total.
