Key Highlights

  • Third quarter 2026 Revenue reached USD 59.3 million, up 50% from a year earlier and 9% from the second quarter of 2026.
  • The net loss narrowed to USD 14.2 million from USD 21.7 million a year earlier.
  • Ouster shipped more than 27,000 lidar and camera sensors in the quarter, a company record.
  • Cash, restricted cash and short-term investments totaled USD 421 million at September 30, 2026.
  • Fourth quarter revenue guidance is USD 61 million to USD 64 million.

Price Action Before the Open (up USD 3.35, 11.56%)

Ouster (NASDAQ:OUST) rose 11.56%, or USD 3.35, to USD 32.33 in pre-market trading on November 4, 2026, compared with a Tuesday close of USD 28.98 (calculated). The company released third quarter results at 4:05 PM Eastern Time on November 3, 2026, after the regular session had closed.

The release itself is the catalyst. Revenue topped what the market had been expecting, the loss narrowed, and management guided fourth quarter revenue above the third quarter level.

The Catalyst in Detail

Total revenue of USD 59.3 million was up 50% from a year earlier and 9% from the second quarter of 2026. Product revenue came to USD 56.0 million, up 42% year over year, while royalties contributed USD 3.3 million.

GAAP gross Margin was 43%, compared with 42% a year ago and 49% in the second quarter. That earlier quarter had been helped by a one-time Tariff refund worth about 1,000 basis points. Non-GAAP gross margin was 47%, flat year over year and down from 53% in the second quarter.

The net loss was USD 14.2 million, or USD 0.20 per share, versus USD 21.7 million, or USD 0.37 per share, in the third quarter of 2025. Adjusted EBITDA loss narrowed to USD 3.4 million from USD 8.4 million.

Chief Executive Officer Angus Pacala said the market response to the Rev8 lidar has been decisive, with hundreds of customers already choosing it. On the earnings call, management said many thousands of Rev8 sensors are in Backlog and that Rev8 output should climb from hundreds of units in the third quarter to thousands in the fourth.

Company Background and Recent Updates

Ouster designs and sells digital lidar sensors. Since its Stereolabs acquisition, it has also sold stereo cameras and AI computers for robotics, industrial automation, smart infrastructure, drones and defense customers. Industrials led third quarter revenue, followed by robotics.

Shipments of more than 27,000 sensors included roughly 7,000 lidar units, about 27% of the total.

For the fourth quarter, the company guided to revenue of USD 61 million to USD 64 million, including about USD 3 million of royalties.

Balance Sheet and Risk Factors

Cash, restricted cash and short-term investments stood at USD 421 million at September 30, 2026, versus USD 247 million a year earlier, partly reflecting net proceeds of about USD 191 million from a July stock offering. Nine-month operating cash use was USD 49.4 million, and the company said it does not expect to need additional Capital to reach its operating objectives.

Risks include ongoing losses, a gross margin that management expects to settle toward its long-term 35% to 40% range, tariff exposure, integrating the Stereolabs Business and the timing of the Rev8 ramp.

What to Watch Next

Investors will watch whether pre-market gains hold once regular trading opens, since extended-hours prices are thin and can reverse. Rev8 deliveries in the fourth quarter, gross margin against the 35% to 40% target and any change to the USD 61 million to USD 64 million range are the next markers.