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Ouster (OUST)
NASDAQ:OUST
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.26Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and strategic picture: strong revenue and shipment growth, record bookings, product innovation, an expanded unified sensing platform via the StereoLabs acquisition, and a stronger balance sheet. However, some of the headline margin and profitability gains in Q4 were materially influenced by one-time royalties, and the company still reported a full-year adjusted EBITDA loss. Management expects royalty-related benefits to be modest in 2026 and flagged near-term operating expense growth for integration. Overall, execution momentum and strategic expansion outweigh the temporary and integration-related headwinds.Company Guidance
Quarterly Revenue and Product Revenue Growth
Q4 revenue of $62.0M, including $41.0M of product revenue (excluding royalties). Q4 product revenue grew 36% year-over-year; full year product revenue (excluding royalties) increased 32% year-over-year.
Record Shipments and Sustained Product Momentum
Record Q4 shipments of over 8,100 sensors and more than 25,000 sensors shipped in 2025 (up 48% vs. 2024). This marked the 12th consecutive quarter of product revenue growth.
Strong Gross Margins (Including One-Time Royalties)
GAAP gross margin of 60% in Q4 (impacted by royalties) and GAAP gross margin of 49% for full year 2025 (up 13 percentage points year-over-year). Excluding royalties, full year gross margin was ~41%.
Significant One-Time IP Royalties Recognized
Approximately $21M of royalties recorded in Q4 (about $23M for the full year) related to long-term IP license contracts, demonstrating strength of Ouster's IP portfolio (company expects royalty revenue to be < $5M in 2026).
Profitability Trajectory and Adjusted EBITDA Improvement
Q4 adjusted EBITDA was a positive $11M (reflecting the royalty benefit). Full year adjusted EBITDA loss narrowed to $12M from a $42M loss in 2024, indicating material operational improvement.
Robust Bookings, Book-to-Bill and Cash Position
Record bookings of $177M in 2025 and a product book-to-bill of 1.2x. Ended the quarter with $211M in cash, cash equivalents, restricted cash and short-term investments and no debt.
Software-Attached and AI Scale Gains
Software-attached bookings more than doubled in 2025 and software-attached solutions represented over 15% of sensors shipped (up over 120% year-over-year). In-house AI models running 24/7 at >1,200 sites covering 65M+ square feet.
Product and Technology Advancements
Launched 4 SDK releases (including on-sensor 3D zone monitoring and real-time localization with centimeter accuracy), advanced multisensor AI models trained on millions of labeled objects, and validated next-gen L4 and Chronos custom silicon to expand addressable market potential.
Strategic Acquisition Expands Platform
Acquisition of StereoLabs adds cameras, AI compute and perception software, creating a unified sensing and perception platform and is expected to be accretive long-term; StereoLabs historically skews ~60% of revenue to H2 seasonally.
Reiterated Long-Term Financial Targets
Reiterated long-term targets of 30%–50% annual revenue growth and 35%–40% GAAP gross margin for the combined company, and a continued focus on executing to profitability.
OUST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OUST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $20.25 | $21.72 | +7.26% |
Nov 04, 2025 | $27.68 | $25.87 | -6.54% |
Aug 07, 2025 | $23.10 | $25.80 | +11.69% |
May 08, 2025 | $8.65 | $10.62 | +22.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ouster (OUST) report earnings?
Ouster (OUST) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Ouster (OUST) earnings time?
Ouster (OUST) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OUST EPS forecast?
OUST EPS forecast for the fiscal quarter 2026 (Q1) is -0.11.
