Ouster (OUST) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Ouster published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Ouster completed its acquisition of Stereolabs, a camera maker, on February 4, 2026, so Q3 2026 includes Stereolabs revenue with no year-ago equivalent. Ouster reports no adjusted EPS; its non-GAAP measures are adjusted EBITDA and non-GAAP gross margin. It reports in thousands; figures here are in millions.

Source: Ouster Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Ouster splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Ouster's Product revenue revenue was $56.0 million in Q3 2026, up 42% from $39.5 million in Q3 2025, 94% of total revenue.
• Ouster's Royalties revenue was $3.3 million in Q3 2026, up 8566% from $0.0 million in Q3 2025, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Ouster said:

“For the fourth quarter of 2026, Ouster expects to achieve $61 million to $64 million in total revenue.”

Source: Ouster Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the OUST forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenue and diluted net income (loss) per share, each as first reported in that quarter's release. Q4 2025 revenue of $62.2 million included about $21 million of royalties, primarily one-time and related to long-term IP license contracts.

We do not hold a confirmed date for Ouster's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Ouster's total revenue was $59.3 million in Q3 2026, up 50% from $39.5 million and up 9% from Q2. Product revenue, from lidar sensors and Stereolabs cameras, was $56.0 million, up 42%, and patent royalty revenue was $3.3 million, against $38 thousand a year earlier. Ouster shipped more than 27,000 lidar and camera sensors, of which lidar was about 27%. (Ouster Q3 2026 release, Nov 3, 2026; Ouster Form 10-Q, Q3 2026, Nov 3, 2026)

Ouster's 10-Q attributes the increase primarily to revenue from products acquired with Stereolabs, which it bought on February 4, 2026, and to higher sensor volumes as customers bought more, partly offset by lower average selling prices. The release names customers in the industrial and robotics verticals, for uses such as warehouse automation, defense, construction, mapping and data collection, as the main source of product growth. (Ouster Form 10-Q, Q3 2026, Nov 3, 2026; Ouster Q3 2026 release, Nov 3, 2026)

By shipping destination, the Americas were $34.8 million of revenue, up 32%, Asia and Pacific $15.3 million, up 105%, and Europe, the Middle East and Africa $9.3 million, up 62%. The United States was 55% of total revenue, against 65% a year earlier. (Ouster Form 10-Q, Q3 2026, Nov 3, 2026)

Ouster expects downward pressure on prices from large multi-year agreements with negotiated pricing, and says customer-specific pricing combined with volume-driven product costs may make revenue and gross margin fluctuate from quarter to quarter. Its GAAP gross margin was 43% in Q3 2026, against 42% a year earlier and 49% in Q2, when a one-time refund added about 1,000 basis points. (Ouster Form 10-Q, Q3 2026, Nov 3, 2026; Ouster Q3 2026 release, Nov 3, 2026)

Ouster's GAAP net loss per share was $0.20 in Q3 2026, against $0.37 a year earlier, on a net loss of $14.2 million against $21.7 million. Ouster reports no adjusted EPS. Its adjusted EBITDA was a loss of $3.4 million, against a loss of $8.4 million. (Ouster Q3 2026 release, Nov 3, 2026)

Most of the gap between the net loss and adjusted EBITDA is stock-based compensation, $11.5 million in the quarter, and depreciation and amortization of $3.8 million; adjusted EBITDA also excludes $624 thousand of acquisition and integration charges. Below the operating line, interest income rose to $4.2 million from $2.4 million and Ouster recorded a $719 thousand income tax benefit. (Ouster Q3 2026 release, Nov 3, 2026)

Ouster's share count rose 23%: weighted-average shares were 71,470,107 against 57,976,375 a year earlier. In Q3 2026 it sold 3,621,876 shares in an underwritten public offering for $191.4 million of net proceeds, after raising $97.7 million through its at-the-market program in Q2, and it issued shares to acquire Stereolabs in Q1. (Ouster Q3 2026 release, Nov 3, 2026; Ouster Form 10-Q, Q3 2026, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Ouster gives a one-quarter revenue outlook in its release. For Q4 2026 it expects total revenue of $61 million to $64 million. It gives no earnings or margin guidance. Revenue for the first nine months of 2026 was $162.5 million. (Ouster Q3 2026 release, Nov 3, 2026)

Ouster's CEO said hundreds of customers have chosen Rev8, its color lidar, while initial production ramps, and that he expects deliveries to accelerate into 2027. Cash, cash equivalents, restricted cash and short-term investments were $421 million at September 30, 2026. (Ouster Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Ouster, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Ouster's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning OUST is on is OUST a buy or a sell?, what analysts expect next is on the OUST forecast, and what the company does is on the Ouster (OUST) stock page.

Every number on this page can be traced to a document Ouster published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.