Ouster reported record product revenue for the second quarter of 2026, marking its 14th consecutive quarter of growth. Performance was primarily driven by strong demand in industrial and smart infrastructure verticals, specifically for warehouse automation and intelligent transportation applications. The company significantly expanded its profitability profile, with margins benefiting from volume growth and operating efficiencies following the integration of recent product launches.
Key Highlights
- Revenue reached $55 million, beating analyst estimates of $51.47 million and growing 56% year-over-year.
- GAAP gross margin expanded to 49%, representing a massive 900+ basis point beat against the high end of management's previous 35-40% guidance range.
- Total sensor shipments exceeded 17,000 units, with lidar technology comprising approximately 53% of the total volume.
- GAAP net loss narrowed to $18 million, an improvement from a $20 million loss in the prior-year period.