Ouster Reports 56% Revenue Growth to $54.6 Million, Net Loss Improves

Ouster, Inc. reported significant financial growth in its latest quarterly filing, with total revenue reaching $54.6 million for the three months ended June 30, 2026, a 56% increase from $35.0 million in the same period last year. The growth was primarily driven by increased sensor volumes as customers ramped up purchases, alongside contributions from the recently acquired Stereolabs, which added to the product offerings. Product revenue alone surged to $52.8 million, up from $35.0 million, while royalty income also saw a notable rise to $1.9 million from a negligible amount in the prior year.

Despite the revenue increase, Ouster reported a net loss of $18.1 million for the quarter, a slight improvement from a loss of $20.6 million in the same period last year. The company’s operating expenses rose to $46.7 million, up 10% from $42.7 million, largely due to increased research and development costs associated with the integration of Stereolabs and ongoing product development efforts. The gross profit margin improved to 49%, up from 45% in the previous year, attributed to higher sales volumes and cost reductions from IEEPA import duty refunds.

In terms of operational metrics, Ouster's customer base expanded, with increased engagement in various geographic markets, including a 44% revenue increase in the Americas and a 106% increase in the Asia-Pacific region. The company also reported a significant rise in inventory levels, which increased to $31.4 million from $23.6 million, reflecting the ramp-up in production to meet growing demand. The total employee headcount has also increased, reflecting the company's strategic focus on expanding its workforce to support growth initiatives.

Strategically, Ouster completed the acquisition of Stereolabs on February 4, 2026, which is expected to enhance its product portfolio and accelerate customer development. The acquisition involved cash consideration of $32.4 million and the issuance of 1.8 million shares of common stock. The integration of Stereolabs is anticipated to strengthen Ouster's capabilities in AI vision and perception solutions, positioning the company as a comprehensive provider in the Physical AI market.

Looking ahead, Ouster remains focused on expanding its market presence and product offerings while navigating the challenges of operating in a competitive landscape. The company has indicated that it expects continued revenue growth as it capitalizes on the increasing demand for its sensing and perception technologies. However, it also acknowledges the potential impact of macroeconomic factors, including tariffs and trade policies, on its operations and financial performance.