Investing.com -- Ouster Inc (NASDAQ:OUST) reported third quarter revenue that exceeded analyst expectations, driving shares up 8.4% in after-hours trading Tuesday, as the sensing and perception company demonstrated continued momentum in the robotics and industrial sectors.
The company posted revenue of $59.32 million for the quarter ended September 30, 2026, surpassing the analyst consensus of $57.34 million and representing a 50% increase YoY. However, Ouster reported an adjusted loss per share of -$0.20, missing the analyst estimate of -$0.08. The company shipped more than 27,000 lidar and camera sensors during the quarter, with lidar comprising approximately 27% of total units.
For the fourth quarter of 2026, Ouster issued revenue guidance of $61 million to $64 million. The midpoint of $62.5 million exceeds the analyst consensus of $62.03 million, signaling continued growth momentum.
"We delivered a strong third quarter, with $59 million in revenue and more than 27,000 total sensors shipped, cementing Ouster's evolution into a comprehensive platform that meets the diverse, global demands of Physical AI," said CEO Angus Pacala. He noted that the company's Stereolabs cameras achieved record shipments, driven by investments in capacity to meet growing demand in the robotics sector.
The company reported adjusted EBITDA loss of $3 million, an improvement of $5 million YoY. Adjusted gross margin was 47%, down 100 basis points YoY and 700 basis points sequentially. Product revenue reached $56 million, up 42% YoY, primarily driven by customers in industrial and robotics verticals for warehouse automation, defense, construction, mapping, and data collection applications.
Ouster ended the quarter with $421 million in cash, cash equivalents, restricted cash, and short-term investments. The company highlighted strong customer reception for its Rev8 product, described as the world's first native color lidar.
Original Article
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